Mr Cooper Group Inc (COOP)

[dugit69]

Under the priority or waterfall of Law then P’s would be compensated $1,000 face value plus interest before U‘s received any money. However this changed under POR 7, when both P’s and U’s agreed to the 75/25% split with no cap for P’s.

Who comes out better under this agreement will be determined by total dollar amount that flows to LT, if any. If LT gets under 10B then I would say U’s benefit more with the 75%/25% agreement than the old waterfall priority. Over 10B and P’s will benefit the most. I believe the LT is bound to follow the 75/25% split by the POR7, right or wrong. I appreciate LG and his optimistic posts and hope you are correct.
Good luck to everyone.