Replies to post #542722 on Mr Cooper Group Inc (COOP)

[wcheng]

Thanks for this. Good read on what may be the path forward to us.

Hopefully the fact some hedgies released too is a positive sign that there will be something at the end of the tunnel for all of us.

[ron_66271]

The PIER Creditors Only Need to be ADDRESSED.

The Employee Claimants are only a Claim against the Estate, and NOT a Creditor to the Estate. Therefore ABS Trust Funds are freed from Safe Harbor for Distribution because only Creditors must be ADDRESSED, not all Claims against the Estate. We don't need to wait for Claimants resolve to receive our ABS Funds.

ADRESSED only means that their payment is OK'ed by the Court, which happened yesterday. Yesterday Rosen was only referencing the WMILT, not the ABS Trusts.

Different Buckets.
1. LTIs from WMILT. If Employee Claimants were successful then they would receive LTIs.

2. Escrow Tracking Markers receive from ABS Trusts and WMILT. I don't need LTIs to receive money from the ABS Trusts. The WMILT does not manage the ABS Trusts. Nor do I need LTIs to receive funds for "WMB and its assets" from the FDIC.

?? How long will it take for the ABS Trustees to start Distributing funds held in SH ??

HLCE,
Ron

[Donotunderstand]

thank you

while I still do not believe that there are off the books - now you see it now you do not - assets/trusts .... noting that the TTEE for each trust did or could hold our share of interest makes sense

as noted multiple times - I hope I am wrong and will laugh and apologize gladly all the way to the bank