Replies to post #509681 on Mr Cooper Group Inc (COOP)

[clawmann]

I did not use the word "auction". There could be a negotiated sale, after a survey of potentially interested buyers.

And what do you mean by rightful owners? If an asset ends up in the LT the rightful owner would be the LT, which is the lawful successor of WMI. And the LT has a duty to distribute any assets it holds in accordance with the waterfall. If an asset is not cash, it has to be sold first and then the cash proceeds distributed in accordance with the waterfall.

I know this is not hard to understand. I think people argue with me about it because they don't like the outcome, but I did not make the rules.