Replies to post #290914 on Mr Cooper Group Inc (COOP)

[marayatano]

Here is one scenario why no one filed an objection other than TPS:

Commons have a $7.5 billion (plus deficit in the HUQ) hurtle be be .01 in the money.

There could be a revised GSA w/ a revision to the POR (the NEW settlement talks behind the scenes), in that TPS (hence their objection only being filed) was cut out of recovery except for the 50 million distribution to them as consideration for releases. It is a forced release in the POR.

You essentially lop off $4 billion going to TPS and redirect the waterfall to commons. Therefore, commons only face a $3.5 billion hurtle (plus HUQ deficit). This achieves releases from all parties, preferreds, commons and TPS by way of force, ie, $50 million distribution.

TPS is essentially going to be back stabbed by EC. TPS filing objection is a CYA filing.

HF have no choice but to agree and start to accumulate non-restricted ownership securities to make the best of obtaining shares of the reorganized WMI2.

Strictly my speculation.

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http://investorshub.advfn.com/boards/read_msg.aspx?message_id=63111708

TPS conversion is a FC claim/Preference claim and is avoidable in BK. It is just depends on what the debtors want to do...

IMO

[gophilipgo]

Sure it can. The debtors, JPM, and the FDIC can choose to leave TPS out of any settlement. There issue is separate and would continue regardless of any settlement without them.