Replies to post #729425 on Mr Cooper Group Inc (COOP)

[jhdf51]

Thanks LG!

[ron_66271]

Actually It Takes Place the Other Way Around.

• All Dividends are paid out to satisfy all Claimants. WMI has a claim against the FDIC.

• After all Dividends have been paid out, then the FDIC can move close the books of the Receivership and officially close the Receivership of WMB.

It’s the FDIC’s responsibility to collect the payment from JPM for WMB and it’s assets, and the 41.6 “Willful Misconduct” payment for Damages as dividend payments to WMI.
Or the FDIC is responsible for the payment!

• The dividend payments to WMI for WMB and it’s Assets closes the P&AA. Closure of the P&AA releases the Safe Harbor assets and all other assets like the Retained Earnings held captive by the government.

Then the FDIC can be released.



ND9 has posted the language used by the FDIC for closure of a Receivership.



Ron