Replies to post #689903 on Mr Cooper Group Inc (COOP)

[Royal Dude]

I like this settlement estimate as I'm sure you do but be realistic. During Lehman they created a grid for the value of MBSs. 15%-30% of the face value. So 600 bil x 15% = 90 Bill real value. Not my opinion but in the Lehman settlement.

"4

To illustrate the impact of the MBS, for each $10 billion recovered each Class 19 security receives par and each Class 22 security receives approximately $2.10. Therefore, by Plaintiff’s estimate the $600 billion in MBS would provide as much as 60x par to each Class 19 security and approximately $125 per Class 22 security, both payable in Mr. Cooper Stock."

I am excited for that. Don't be disappointed with irrational exuberance. There is also "negotiation" in the mix. I am not trying to decrease expectations just working in the unknown.

JMO

[MadBadger]

J, before the Amendment, the writing stated even if Canceled those that Hold the Common and Preferred Shares, hence, “Escrows,” are the Beneficial Holder’s of any returns to the Estate. You’ll have to find Old Text Books for the information. Electronically it’s scrubbed. “Even if Canceled.” I opened my mouth on this board pointed to Investopedia.com for the information. “Escrow Shares during Bankruptcy,” and in July of 2021 it got Amended and Erased.