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Mr. Cooper Group, Inc. (COOP)

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Last Post: 12/8/2021 7:48:17 PM - Followers: 1708 - Board type: Free - Posts Today: 62

 


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Mr. Cooper Group Inc. (NASDAQ: COOP) provides quality servicing, origination and transaction-based services related principally to single-family residences throughout the United States with operations under its primary brands: Mr. Cooper® and Xome®.  Mr. Cooper is one of the largest home loan servicers in the country focused on delivering a variety of servicing and lending products, services and technologies. Xome provides technology and data enhanced solutions to homebuyers, home sellers, real estate agents and mortgage companies.

Upon completion of the merger between WMIH Corp. and Nationstar Mortgage Holdings Inc. on July 31, 2018, WMIH became the parent company of the Nationstar Mortgage Holdings Inc. family including Mr. Cooper (Nationstar Mortgage LLC, d/b/a Mr. Cooper), Xome and Champion Mortgage (Nationstar Mortgage LLC d/b/a Champion).

As of October 10, 2018, Mr. Cooper Group Inc. is the new name of WMIH Corp. On July 31, 2018, WMIH, now Mr. Cooper Group, became the parent company of the Nationstar Mortgage Holdings Inc. family including Mr. Cooper (Nationstar Mortgage LLC, d/b/a Mr. Cooper) and Xome.

 

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As early as late 2006, WaMu would begin to become a victim of what would eventually become the worst recession in US history since the Great Depression of 1929.  WaMu's aggressive business strategy would begin to unfold throughout the end of 2006 and become increasingly disastrous through 2007.  As housing rates were at all time highs before the recession began, WaMu would use its considerable leverage and assets to make large amounts of loans in both subprime mortgages and subprime credit cards.  The banking division of WaMu at one point before the end of 2007 had nearly 336 stand-alone branch buildings where various types of home loans were processed and approved.  WaMu would eventually over leverage themselves due to the high number of Adjustable Rate Mortgages (ARMs).  As the US economy slowed down, the number of home loan defaults began to rise in quick succession.  This coupled with the falling home prices throughout most of the US meant that even with foreclosures and the properties back in the hands of the company, they were unable to sell them back into the market, or were not able to derive enough revenue from the sale to cover the loan that was made on them.  In the mean time, the credit card division was also seeing a surge in the number of late and non payments being made.

By September of 2008, WaMu's stock price had fallen to $2 from its previous highs of around $50 just two years earlier.  Amid strong voices from the shareholders, then company CEO Kerry Killinger was dismissed by the company board.  In the meantime, the company went looking for a buyer for part of its banking division. WaMu had been unsuccessful in finding an appropriate buy until its seizure by the FDIC.  Overnight the companies banking division  was bought by JP Morgan Chase in a secret deal brokered by the FDIC for 1.9 billion dollars. Washington Mutual Inc. has reorganized to Washington Mutual Holding Inc. WITH SHAREHOLDERS INTACT
WMI Equity Escrow Calculator

WMIH: Here's how old shares relate in value to the new shares.

1 WAMUQ = 0.03349842 WMIH
1 WAMKQ = 0.4950146 WMIH
1 WAMPQ = 19.8005825 WMIH
1 WMIH = 29.85215422 WAMUQ
1 WMIH = 2.020142436 WAMKQ
1 WMIH = 0.050503565 WAMPQ
 

 
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COOP News: Mr. Cooper Completes Sale of Reverse Servicing Portfolio 12/02/2021 03:00:00 AM
COOP News: Mr. Cooper Group provides Q4 Guidance 12/01/2021 05:06:53 AM
COOP News: Current Report Filing (8-k) 12/01/2021 04:01:11 AM
COOP News: Statement of Changes in Beneficial Ownership (4) 11/29/2021 11:08:14 AM
COOP News: Statement of Changes in Beneficial Ownership (4) 11/24/2021 11:23:31 AM
PostSubject
#632660  Sticky Note BOARD WARNING: IH Admin [Shelly] 09/04/20 09:56:32 AM
#673647   Odd coincidence because my wife had a dream Boris the Spider 12/08/21 07:48:17 PM
#673646   Odd. Born in 2017. goodietime 12/08/21 06:51:37 PM
#673645   I was JUST about to say that, LOL dragoon76 12/08/21 06:40:18 PM
#673644   Doubt it, it's probably a cache issue code bond-007 12/08/21 06:37:37 PM
#673643   Maybe wamupayout was a God glitch and we Boris the Spider 12/08/21 06:35:01 PM
#673642   Yes, very strange. Hope the site doesn't Boris the Spider 12/08/21 06:33:57 PM
#673641   BOPFAN tried to discourage us from forming an stevo321 12/08/21 06:19:23 PM
#673640   It emailed as wamupayout aswell bond-007 12/08/21 06:12:44 PM
#673639   Ihub must be getting that BP virus... Stay safe bond-007 12/08/21 06:04:09 PM
#673638   Mods, please check the last post. Boris the Spider 12/08/21 06:02:09 PM
#673637   You can find the NIH study on duck bond-007 12/08/21 06:02:05 PM
#673636   I too am stocked up. wamupayout 12/08/21 05:47:48 PM
#673635   Yep, and I am all stocked up on bond-007 12/08/21 05:19:24 PM
#673634   Light at the end of the tunnel JB3136 12/08/21 05:12:37 PM
#673633   98.7% survival and the new strain is much bond-007 12/08/21 04:33:06 PM
#673632   Bban, Just FYI...a high percentage of those put on Docsavag 12/08/21 04:18:45 PM
#673631   Just had a TOS violation registered against him BBANBOB 12/08/21 04:16:32 PM
#673629   ~34k single trade (=9% of the total volume) JusticeWillWin 12/08/21 04:06:06 PM
#673628   looks like something I posted! N LEE KLOOM 12/08/21 03:19:22 PM
#673627   At the Forum serafino1 12/08/21 03:13:18 PM
#673626   LOL! Juschilln 12/08/21 03:02:13 PM
#673625   Yep, meat and bop had a job to Boris the Spider 12/08/21 02:54:32 PM
#673624   Makes sense. Boris the Spider 12/08/21 02:24:38 PM
#673623   FYI Katekir was Lodas xoom 12/08/21 02:19:08 PM
#673622   RajuSondh, you are EXACTLY correct however, I want Large Green 12/08/21 02:05:09 PM
#673621   LG, Kate or Lodas or XXX - WHO RajuSondh 12/08/21 01:59:54 PM
#673620   So much for waiting til March. For the PinkZombie 12/08/21 01:58:47 PM
#673619   Sorry LG I just said the same thing BBANBOB 12/08/21 01:56:35 PM
#673618   YEPPERS and it DOESN'T SAY the REORG'd BBANBOB 12/08/21 01:55:14 PM
#673617   COOP below book value! Fair PPS is $80 JusticeWillWin 12/08/21 01:38:28 PM
#673616   and i was told Bear stern peeps (escrows) diamondguru-one 12/08/21 01:30:38 PM
#673615   lodas, once you understand the investors who signed Large Green 12/08/21 01:29:50 PM
#673614   agreed 1,000% !!!!!!! diamondguru-one 12/08/21 01:28:28 PM
#673613   Yes, those who say they own escrows but Boris the Spider 12/08/21 01:26:13 PM
#673612   broken record....Geeeez diamondguru-one 12/08/21 01:16:22 PM
#673611   Please read carefully....assets generated by the Trust belong lodas 12/08/21 01:12:05 PM
#673610   Yes it is, Thank you Captknots 12/08/21 01:08:44 PM
#673609   I'm sure InvestorHub makes plenty of money. Donating PinkZombie 12/08/21 01:02:57 PM
#673608   This is probably old news but had a bond-007 12/08/21 12:51:28 PM
#673607   To those who are also on BP, I goodietime 12/08/21 12:31:05 PM
#673606   SO says RUBY and the ROMANTICS right BBANBOB 12/08/21 12:24:19 PM
#673605   Thank you for your take on it. BigBang 12/08/21 11:40:12 AM
#673604   Yes, exactly! worker 12/08/21 11:35:43 AM
#673603   And thanks to this board for keeping things Boris the Spider 12/08/21 11:13:17 AM
#673602   This investment requires patience and steel balls. Boris the Spider 12/08/21 11:00:17 AM
#673601   Things have not changed, just execution for COOP Royal Dude 12/08/21 10:57:28 AM
#673600   JWW Most likely imho it is the intraday shorts. BBANBOB 12/08/21 10:55:14 AM
#673599   Blank-check" companies,(( SPACs))) t1215s 12/08/21 09:44:23 AM
#673598   It could be shorts or especially intraday shorts JusticeWillWin 12/08/21 09:36:38 AM
#673597  Restored Weekly chart===>Price-target still $73 after Cup with Handle BREAKOUT JusticeWillWin 12/08/21 09:27:11 AM
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