Replies to post #489580 on Mr Cooper Group Inc (COOP)

[fwh3334zeke]

That means IMO, the DB settlement is between DB & JPM.

[sharing4u]

Many wrote that the payment for the "settlement of DBNTC-JPMC- FDIC"
did not work out with the maths under the scenario that FDICR only has $2.76B.

"allowed claim of DBNTC" was $3.07B but according to distribution to similar case study relating to "compensation" with claims in the same industry (RMBS), the statistics was found to be around 11% to the claims:

$3.07B x 0.11 =$337.7M paid by FDIC-R to DBNTC

There was nothing wrong with the maths.

FDICR used only 95% of $2.76B for the recent dividens:$2.622B. There are still $138M left to cover other expenses.