Replies to post #423995 on Mr Cooper Group Inc (COOP)

[W3Research]

HM, I agree 100%! If The Powers That Be can make all these seemingly complex and expensive Claims just go Poof and Disappear, then I would think that the remaining Claims are just here for window-dressing to hold things up just a little while longer then these too will be expunged right on time when they're no longer needed.

I don't think claims resolution can be calculated in the manner you posted. There are complex claims (JPM, Marta, FDIC etc) that would have required more extensive litigation. Since the largest ones have been officially expunged we are now left with the "scraps" which I believe can be dispensed with quickly.

[955]

The averaging method used, 4001 claims over a 6.5+ year period (based on first claims filed 6 Oct 2008), statistically speaking, already takes some of that into account. Based on the current information I had available, this was a best guess attempt to wrap a timeline around it and was intended to be used in that context. If anyone has additional data that would further refine the estimate, please feel free to contribute. That is why I published the method, to leave it open for scrutiny.

Also, there could be a few rather sizable claims remaining. For example:

Claim Number: 1738

Name: The Bank of New York Mellon Trust Company NA as Indenture Trustee

Present Claim Amount: $4,132,421,621.73

Date Claim Filed: 3/17/2009

Debtor: Washington Mutual, Inc.

Present Claim Nature: General Unsecured



Claim Number: 2134

Name: Wells Fargo Bank National Association as Successor Indenture Trustee and Successor Guarantee Trustee

Present Claim Amount: $789,353,506.50

Date Claim Filed: 3/30/2009

Debtor: Washington Mutual, Inc.

Present Claim Nature: General Unsecured

Whether or not these significantly impact us depends on the total recovery amount, which is unknown at this time.

I don't think claims resolution can be calculated in the manner you posted. There are complex claims (JPM, Marta, FDIC etc) that would have required more extensive litigation. Since the largest ones have been officially expunged we are now left with the "scraps" which I believe can be dispensed with quickly.