Replies to post #635166 on Mr Cooper Group Inc (COOP)

[dragoon76]

In my opinion, I think the terms of the releasing conditions have to come from/approved by the Delaware BK court?

and if this is the case, its buried somewhere in the court docs

[lodas]

LuckyPanda......maybe the release of those funds to escrow holders has something to do with the Bridge loan that was made to secure financing to acquire Nationstar....seems to me that that money was considered to be equity and as such would qualify to make that bridge loan...I remember some of the language by the signing dignitary, that the collateral was very much more than what was borrowed.(2.7 billion)...could be that the lenders of that loan could insist no payout until the loan is paid back...now, I don't have any information about what I am speculating about, but as I recall, Wmih would not have the cash to back the bridge loan, only an interest in the MBS backing that loan...just thinking outside the box here....Lodas

[dragoon76]

Also, would we be considered REIT trust holders or a form of this?