Replies to post #482612 on Mr Cooper Group Inc fka COOP

[EXDIMER]

Settlement approved a proportional payment

Between the existing claims and the "allowed DB claim". The document link has been posted on the forum.

[ReikoBlack]

It's a general unsecured creditor claim.

Pg. 5

ARTICLE III. SETTLEMENT TERMS

3.01. Trustee Allowed Claim. Upon the Effective Date,the Trustee will be deemed to have an allowed general unsecured creditor claim in the WMB Receivership Estate in the amount of $3,006,929,660 (the "Trustee Allowed Claim"). The claim will be evidenced by a notice of allowance of claim from the FDIC~Receiver's claims agent in charge addressed to the Trustee as provided in Section 4.09. The FDIC-Receiver will treat the Trustee Allowed Claim proportionally with all other allowed general unsecured claims and will not subordinate or otherwise diminish the Trustee Allowed Claim. Any and all distributions on account of the Trustee Allowed Claim will be made by the FDIC~Receiver to the Trustee as and when the FDIC-Receiver makes distributions to other general unsecured creditors holding allowed claims in the WMB Receivership Estate. All distributions made by the FDIC-Receiver on account of the Trustee Allowed Claim will be made to an account designated by the Trustee.

https://www.fdic.gov/bank/individual/failed/wamu_dbntc_jpmc_fdic_settlement.pdf

Whether ex shareholders receive or not will be decided by FDIC as they mention the reply letter to WMI's claim and covered up how the equity(former) would get paid.
My question is if the Receivership has only 2.1B, how did they agree to pay $3B+ and other claims?.

Nothing for EXDIMER for sure.