Replies to post #156807 on Mr Cooper Group Inc (COOP)

[Hurlserv]

IMO lawyers stall to increase billings and postpone resolution for as long as possible.

Subsequent to the EC Motion to Intervene there may be another round of confidentiality agreements specifically including the the EC.

Pure conjecture on my part. My opinion only.

[SlyOne]

IMO: there will no settlement before or on 3/4.

The reason there is no pain for JPM...
$4 bil for us would be pain, not for JPM.
There would be pain for FDIC-receiver. They could use the
$4 bil. We need wait for the end of this dance and see what issues are leftover.

IMO: No settlement, I have stated before and I will state again. The $ 4bil is trival compared to takeover of solvent bank.

Happy to be wrong, but being realistic.
There would clearly be pain if above $4 bil for JPM.
Thats is what to look for.
Recall, JPM was willing to give back segregated acct monies.
(If this was European acct, that would be different.)