Replies to post #458152 on Mr Cooper Group Inc (COOP)

[distrojunky]

When?

We'd all like to know when. All I know about "when" is that the latest announcement that DB/JPMC/FDIC came to terms, and that is huge progress towards anything coming back. My guess is this year. Of course my wife will tell you I've been saying this year for some time now.

http://www.bloomberg.com/news/articles/2016-08-03/jpmorgan-close-to-accord-with-fdic-deutsche-bank-in-wamu-suit

I was replying to how much would 100K shrs of WAMUQ be worth if the Preferred shares received about 2X their face value. That is just a calculation.

When and how much? That has been the question now for years.

Many think that WMIH M&A will coincide with any assets coming from WMILT. Per the WMIH BOD, and comments at the Shareholders meeting, there will likely be a Qualified Acquisition by Jan 2017.