Replies to post #121878 on Mr Cooper Group Inc (COOP)

[Lawrence 147]

I am looking for it 2 hours before quitting time Wednesday just before the Holiday. That is what I would do if I wanted the JPM lawyers to understand how delays really work.
Transfer it now or be in contempt.

[rickszy]

I think it is clear that when the FDIC entered the court a few months back, the graffiti was on the wall! The FDIC’s participation has ground this to a halt and the prospect of a timely settlement or even an occasional ruling by the Judge(s) has caused a lack of interest amongst fence sitters and confidence amongst current holders. Hence the low volume.

Even with this being a BK case (which are usually more cut and dried therefore - more swiftly paced), the FDIC’s threat has mucked up the works and either has the Judges head spinning with case law or has her cowering in a closet between hearings too scared to rule!

Either way, it’s going to be a long road to hoe. The nice little speculative runs that we once enjoyed before hearings are more than likely gone.

The only solace for the longs is that we are sitting on .12 currently instead of .05 like back in March! … rs