Replies to post #498992 on Mr Cooper Group Inc fka COOP

[austin01]

CBA09, what could be holding Tepper and other hedge fund "Power Players" that are in the hedge funds that have WMIH and escrows, up? Wouldn't they be benefactors now of releasing these assets if they are available?

[mattchew]

Hey CBA09 let me thank you for your great knowledge and DD!

Question: doesn’t the FDIC require a “release” before any $ distribution happens?


Answer: The FDIC will be released when they "Make the Final Payment" according to the GSA and POR7