Replies to post #489353 on Mr Cooper Group Inc (COOP)

[ReikoBlack]

Let's Take a Closer Look

The Balance Sheet; "As of June 30, 2017, the Receiver had approximately $2.76 billion to distribute to holders of claims allowed by the receivership"

How can the FDIC-R pay all; "After paying JPMC in full, the Receiver made an interim dividend distribution on September 26, 2017, on all approved senior unsecured claims of the receivership, including the claims of DBNTC, general trade creditors, and the WAMU senior bondholders." with only $2.76B?

$6.45MM + $3B + other Stuff = is greater than $2.76B. The Math don't work.

You need to continue reading or have someone explain to you what "on a pro rata basis" means.

As of June 30, 2017, the Receiver had approximately $2.76 billion to distribute to holders of claims allowed by the receivership, according to the priorities established in 12 U.S.C. § 1821(d)(11)(A). The most recent receivership balance sheet summary can be found at the following link: (WAMU Quarterly Receivership Balance Sheet Summary). After paying JPMC in full, the Receiver made an interim dividend distribution on September 26, 2017, on all approved senior unsecured claims of the receivership, including the claims of DBNTC, general trade creditors, and the WAMU senior bondholders. This distribution represented approximately 95% of the receivership’s remaining total current assets. The allowed senior unsecured creditors shared equally (on a pro rata basis) in this distribution. The remaining funds in the receivership are expected to be sufficient to cover future expected and potential losses and expenses.

"The resolution of WAMU through the P&A Agreement was completed at no cost to the Deposit Insurance Fund." can only happen if "the Final Payment" was made to FDIC-C, which happened on June 1st, 2017 but not reflected on the FDIC-R WaMu Balance Sheet.

The "Final Payment" was made to the FDIC? The $900 billion from JPM?
Enough with the "Final Payment" BS, seriously!

[EXDIMER]

Ron the DB claim was allowed PROPORTIONALY

AND AFTER THE LATEST DISTRIBUTION THERE IS ONLY 5 % of the 2.1 Bil left, which is expected to be enough to cover future loses and expenses

[Royal Dude]

Why did you add "happens in the following month." ???