Replies to post #630776 on Mr Cooper Group Inc fka COOP

[LuckyPanda]

KeyKey, you are right about FDIC also. As CBA09 suggested a few years ago, we likely need FDIC-R to close the receivership first before remote bk assets release. He mentioned "all true ups" release condition that would also require R to close first.

However, I still think 9/19 is still key. If FDIC cannot close by 3/19, Rosen will be forced to extend LT closure... otherwise how will he explain away if LT closes out by 3/19 but escrow markers remain thereafter.

He specifically mentioned in court that he would delete escrow markers by 3/19.

[ItsMyOption]

KeyKey, re contacting Prof Ancharya - I do not plan on contacting him as not sure what help he could provide.

We know that this has gone on to long with little info coming from FDIC.

What keeps my feeling good is that none of the big plays who have the money and legal abilities has been patiently waiting with us. They would be the best for any contact and most likely if they are concerned that there will be no more distribution - they would raise wholly Hell with FDIC. If I had some of the top hedge funds that were involved in the POR I would make attempt to contact them.


I do feel my contact at FDIC is trying to get more info from her superiors and if she does not answer all my question will at least update the receivership status page which has 12/6/19 as last update.