Replies to post #535814 on Mr Cooper Group Inc (COOP)

[JB3136]

In other words no nickel holding up a dollar?

[hotmeat]

You're failing to recognize that there are other factors holding up resolution, namely and more importantly the ongoing Receivership and the Bankruptcy which are still unresolved.

Using your logic the $67M could have been paid or the claims dismissed long ago but instead used to prolong the inevitable...why is that???

Any SH assets will be held at the FDIC (Receivership issue) or Entities controlled by the LT (Bankruptcy issue) so either way those processes need to be resolved.

We know that there are still issues regarding the FDIC to be resolved and also the bankruptcy so delaying the last impediment to Escrow payment would make sense.

The DB issue was only resolved in late 2017 after filing the lawsuit in 2008...yes 2008!!! The assets, if there, are mortgage based and are therefore still active or have matured leaving loads of cash.

You don't spend $233M to preserve $67M if cash is that limited, that indicates there's a possibility much more available.

[Civil War General]

But lawyers want a share and THAT is the problem.

[BigBang]

Makes sense to me.

However, in this case, that concept in my opinion does not apply. That $67 million may be a tiny pebble in the overall scheme of things but it has had a significant effect on this bankruptcy. It is used as a tool to prolong this bankruptcy until the ones in control decide that it is time for this to end.