Replies to post #563525 on Mr Cooper Group Inc (COOP)

[wcheng]

So now that 2 weeks have passed since the WMILTnotice to pay piers off.. there could be an update anytime now on next steps? Would it be reasonable to assume no more court dates at this point? Thanks

[ron_66271]

Yes AZ, No One Wants to Talk About;

See AZ's post;
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=147437723

"Upon any voluntary or involuntary liquidation or bankruptcy of Washington Mutual, the Property Trustee, as holder of the debentures, would be a subordinated creditor of Washington Mutual, subordinated in right of payment to all Senior Indebtedness as set forth in the indenture, but entitled to receive payment in full of principal and interest before any stockholders of Washington Mutual receive payments or distributions. The positions of a holder of preferred securities and a holder of the debentures relative to other creditors and to stockholders of Washington Mutual in the event of liquidation or bankruptcy of Washington Mutual should be substantially the same."

All WMI obligations have been satisfied. There are no more Claims against the Estate. 510(b) is the only item left in Tranche 5. 510(b) is the Pay-Point for "WMB and it's assets".

Understand Plan 6, participate in Plan 7, and the change to Exhibit H.