Replies to post #710957 on Mr Cooper Group Inc (COOP)

[ron_66271]

Key Point by Investopedia

• Financial guarantors, who promise to reimburse investors for any losses on the CDO tranches in exchange for premium payments.

Most of if not all Prospectus of ABS/RMBS are required to be insured.

Hence; the losses are covered.
Insured Bonds.


Ron

[ron_66271]

In re: Libor-Based Financial Instruments Antitrust Litigation.

“3689
06/22/2023
STIPULATION AND ORDER OF DISMISSAL WITH PREJUDICE OF BANK OF AMERICA CORPORATION AND BANK OF AMERICA, N.A. PURSUANT TO F.R.C.P. 41(a)(1)(A)(ii): IT IS HEREBY STIPULATED AND AGREED between Plaintiff in the above-captioned action and Defendants Bank of America Corporation and Bank of America, N.A. (together, "Bank of America"), that all of Plaintiffs claims against Bank of America only are hereby dismissed with prejudice from the action Federal National Mortgage Association v. Barclays Bank PLC, et al., No. 13-cv-7720, pursuant to Rule 41(a)(1)(A)(ii) of the Federal Rules of Civil Procedure, without interest to any party and with each party to bear its own attorneys' fees and costs. For the avoidance of doubt, this stipulation of dismissal applies only to Bank of America, and Plaintiff is continuing to pursue claims against other Defendants in this action. SO ORDERED. Bank of America Corporation and Bank of America, N.A. terminated. (Signed by Judge Naomi Reice Buchwald on 6/22/2023) Filed In Associated Cases: 1:11-md-02262-NRB, 1:13-cv-07720-NRB”

https://www.docketbird.com/court-cases/In-re-Libor-Based-Financial-Instruments-Antitrust-Litigation/nysd-1:2011-md-02262

Also see Docket 3687;
Credit Default Swaps (CDS) trade on the OTC.

IMO, these Stipulations are a good sign for WaMu, Lehman’s, and F&F + FNMA and FDIC resolution.
Please remember that the FDIC started this litigation.


Ron