Replies to post #471008 on Mr Cooper Group Inc (COOP)

[boarddork]

I don't think there is a deadline to finish distributions.......for example: your percentage of releasing for residual MBS/ABS/RMBS strip cert income would continue as long as each one of hundreds of bankruptcy remote protected entities, continue to produce monthly income as homeowners pay their mortgages. Could last for 10 years....


As far as starting.....Well, the receiver does have another year.....

BUT, (thanks to AZ's research) the whole BK settlement plan is predicated on NOLS and CLs related to WMB expiring. March 17 (?), 2017 Billions in CL expire, unless WMB is separated from the WMI tax group.

If these CLs expire, the plan is in contempt. And we could use our unreleased claim against the FDIC receiver for no compensation for a 5th Amendment Taking.

So, the pressure is building, and this hot rod should hit 2nd gear by mid March.