Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Mr. Cooper Group 10Q 2nd Quarter 2024
https://www.sec.gov/Archives/edgar/data/933136/000093313624000069/0000933136-24-000069-index.htm
Hmmmmm .058 ??????????? 58 million shares ready ??? COME ON PAYDAY !!!!!!!!!!!!!
Az the 10Q is out. Is there 58million treasury share available?
Semper Fi
https://d18rn0p25nwr6d.cloudfront.net/CIK-0000933136/8c970be5-8963-4df9-a137-4d0afe6859ed.html
For LIBOR and to whom? Only to FDIC relating to WAMU in my opinion is of relevance.
4087. ORDER APPROVING DISTRIBUTION OF THE NET SETTLEMENT FUNDS granting [4085] Motion for Disbursement of Funds. IT IS ON THIS DAY OF, 2024, HEREBY ORDERED, ADJUDGED AND DECREED THAT: The Motion is GRANTED. As further set forth in this Order. (Signed by Judge Naomi Reice Buchwald on 7/24/2024)
This is a very active blog site:
I have done business w/ Mr. Cooper and closed out a loan but cannot talk to anyone ever on the phone. How do you promote such a business model?
“COOP' doesn't have the Larger Check-Book ...” got it thanks AZ
Can someone confirm UBS raised to $118 and not $109? My last UBS target for COOP was $86, +$23 = $109
I agree, with their ability to handle both refinance and mortgage origination along with the wonderful platform that Xome supplies for foreclosure/repossession properties and the huge marketplace that exists there, like a Zillow for regular real estate, with their “no dilution” comment and “2025 is going to be better”…. wow just wow.
JHD
🔥UPDATED🔥 $COOP price targets==>Wedbush:$115, UBS: $109, Piper Sandler:$103, Barclays:$101, Compass Point:$97, KBW:$96, DEUTSCHE BANK:$90
Another 23 jump would bring it close to 150
Goooo COOP
The one thing we do know now according to their own words.. there will be no dilution .
JHD
150 next
Go COOP!
~ Good Morning Hex, ... YES, I strongly do believe That the WMIH 2018 Acquired Subsidiary Group (nationstar etc.) ... or "COOP" ... WILL BE USED TO Separate the Original Releasing Owners of the 2012' WaMu's Reorganization, from those that came on deck ... years "after the fact" of the 2012's WaMu Reorganization ... by "COOP" using its "Share Buy Back Program" ~
... No fanfare is or will be necessary, ... everything has already been revealed' ... so, in my opinion it's a simple concept of ... "WE Already Told You" ... (P&AA, GSA, Globic, etc.etc.) ...
... "COOP" only reports within its 10-K's, that NationStar Mortgage LLC. Is the Only Operational Sub (LOL' ya right) ... and then ?, ... Nationstar Mortgage LLC. continues to service the value related and continuing ABS-Certs (Trusts) originally aligned with the WMI Reorganized Holding Company' ...
So, it has been my conclusion for MANY MANY Years, that there are TWO very big money entity's continuously involved here ... (XXXX ... and, XXXX / XXX) ... NOT COOP' ... COOP will simply be USED' ... maybe COOP survives ?, maybe COOP Does NOT, personally I DON'T Care if "COOP" survives what is to come, as merely a Loan Servicer ?, (their own words) ... servicing the loans can be done by numerous entity's ... (XXXX / XXX) initially comes to ol' cactus' mind' ... easy-peeezy stuff
===================
Over the last week or so, ... over the many years now and with so much brokerage / bank movement, ... I simply wanted to suggest / recommend that "everyone" check their own paper trail of original ownership by way of their ballots' ... to ... "Approve The Plan" and leave the other two of three options BLANK. ... only the one box should have been checked' ... AND' an individuals CURRENT Broker / Bank should have your original voting records intact' ... with the proper cusip number depicting ones original ownership' ...
... originally the DTC was and remains our "Voting Agent" ... the wmi-lt used those numbers to issue the esc cusips, that's all ... However, It Is My Opinion and Conclusion That THOSE Documents submitted to ones Brokerage or Bank', dictating ones specifically released ownership of WaMu ! ! !, ... will be used once again and SOON' ... for the Reset of the 2018 Acquired Subs "share platform" ...
There is BIG BIG Money Behind all that has been and will be coming, ... COOP' doesn't have the Larger Check-Book ...
I saw that YOU were Proactive within this follow-up of your own documents paper trail' ... in lieu of acting like a "KnowITAll" (36,000 +, and all of that 75/25 ... NOT') ... I hope that helped Hex' ... "Abba Da Ayy"
if I've missed anyone else, ... ? ... I never mean to'
just sayin'
AZ
I was wondering about that one, why didn’t they just wait for the earnings?
Sahweet! Thanks for posting.
Amen Brother Bring it on and more.
.40-42 spreads /94.80’s on deck live feed, Close should be interesting GOGOOOOOCOOP 😉
GLTA-Ts
Why is COOP supporting such a low PE when we all know there growth rate is discounted here.
COOP is going to be HUGEEEEEEEEEEEEEEEE I have always said this BUT, there are gonna be imho serious ups and down to get there
Let's see if the GAP @ 89.22 gets closed, my WAG says it does and probably even as early as next week
Keefe Bruyette raises target to 96 after downgrading it 2 days ago🤔
USB adjusts Coop target to 118 form 95
$23 jump :)
95% !!!!! IS NOT ALWAYS
OH and the real scary thing is that they sometimes TAKE ALONG TIME FOR THEM TO CLOSE and they come out of nowhere to close them even yrs later
Ok thanks for the info!
JHD
Not today, because yesterday's high was $95.74
But yesterday was an opening gap. But don't mind, we have many gaps...
Not all gaps always fill as BBANBOB believes...
Hi JWW was there a gap created this morning?
JHD
Hi JWW was there a gap created this morning?
JHD
👉👉👉COOP Q2'2024 earnings call TRANSCRIPT here
https://www.fool.com/earnings/call-transcripts/2024/07/25/mr-cooper-group-coop-q2-2024-earnings-call-transcr/
Love the targets being raised to $100+
JHD
Also Barclays rises COOP by $9 to $101
https://thefly.com/news.php?symbol=COOP
Also Piper Sandler raises COOP by $15 to $103
https://thefly.com/news.php?symbol=COOP
💥💥💥 COOP FANTASTIC EARNINGS and HUGE ACQUISITION ANNOUNCEMENT
* Reported net income of $204 million including other mark-to-market of $68 million, equivalent to ROCE of 18.1% and operating ROTCE of 15.3%
* Book value per share and tangible book value per share increased to $71.24 and $68.67
* Servicing portfolio grew 37% y/y to $1,206 billion
* Repurchased 0.3 million shares of common stock for $24 million. Board of directors approved additional $200 million for stock repurchase, bringing total authorization to approximately $270 million
* Announced acquisition of Flagstar’s mortgage operations, including MSRs and subservicing contracts totaling approximately $356 billion in unpaid principal balance (UPB), for $1.4 billion in cash
Wedbush raises COOP target pps to $115 from $100.
Good morning people, I believe today and Monday’s trading sessions should be somewhat interesting to watch and see which way COOP-OTIS goes with our PPS.,I would (hope!) we could stay in the very low 90.and establish a new platform for the bouncing ball, Seya at the buzzer,maybe TGIF.Babeeee
GOGOOOOOOCOOP
Have a great day GLTA-Ts
yo ron??.....lately is there any followup on that well documented Duel track D.C. lawsuit in which WMI was awarded 309 billion in damages for that RICO lawsuit???.....also, with the Equity Community taking control of the chapter 11 bankruptcy when they stated they had 20.7 Billion dollars in Treasury Notes as a result of moving the shareholders Retained earnings from the 2012 Feb MOR submitted to the court, is there any guesses when the money will hit our brokerage accounts??....you said JPM has to pay more money for the PAA agreement.... is that about to happen "soon"???....are you still standing behind your numbers you calculated for returns on those cancelled preferreds?... you stated that the numbers work, and that billions will be returned... any guesses when the money spigot will be turned on?.... TIA Lodas
this post is directed to ron........., not you clawman
Didn’t you hear…..you need to check your release to see if you checked the box…..distributions coming soon….what was it in the spring….get a financial advisor…..big Libor distributions that will change your world…..all while coop has always been the tell…..in the 90’s……
Clawman..you are right as long as it is concerned with WMB sale pursuant to P&A, FDIC has fiduciary duties to maximize the assets, only related to WMB and nothing to do with WMI LT.WMI LT owns estates minus reorg WMI minus Disputed Claims. Thats why insiders were appointed as administrators.IMO, they must be using one or several dissolution vehicles. "BONANZA PARADISE" is a tickling name.
Seems like a good explanation to me.
Thrice!
NOPE! This was about MUCH more than just LIBOR!
TWICE OVER
THIS AINT ABOUT LIBOR AT ALLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL
clawmann, ok, one more time, I don't really care what you think.
OK. One more time. I do not know if there will ultimately be any distribution to "escrow" holders; but if there is, it will come from the FDIC. The fact that stock certificates were cancelled during the Chapter 11 bankruptcy case does not matter. The fact that your escrow markers went "poof" also does not matter. Those markers were to assist with distributions from the WMILT under the bankruptcy case.
They have no relevance to the FDIC. The FDIC has access to all records relating to prior holders of WMI equity. The FDIC is required by law to distribute any amounts it recovers in connection with the liquidation of a failed bank in a specific order (and please don't beat that "WAMU did not fail" drum again; we have all heard it a 1000 times).
See: https://www.fdic.gov/consumers/banking/facts/priority.html "By law, after insured depositors are paid, uninsured depositors are paid next, followed by general creditors and then stockholders. In most cases, general creditors and stockholders realize little or no recovery. Payments of uninsured funds only, called dividends, depend on the net recovered proceeds from the liquidation of the bank's assets and the payment of bank liabilities according to federal statute. While fully insured deposits are paid promptly after the failure of the bank, the disbursements of uninsured funds may take place over several years based on the timing in the liquidation of the failed bank assets."
The only reason for some lingering hope of a distribution to former equity is this: WAMU's assets included some serious claims against third parties for LIBOR manipulation. As a fiduciary, the FDIC is required to make good faith efforts to pursue and recover on those claims. We will see. .
I'm very much in agreement... Thanks for the links.
ESCROW SHARES X .058 = COOP SHARES ???????
BRING IT BABY !!!!!!!!!!!!!!!!!!!
Exactly split!
My point to him was more about how he boast after the fact on how he made money on yesterday‘s info,
Followers
|
1761
|
Posters
|
|
Posts (Today)
|
53
|
Posts (Total)
|
731842
|
Created
|
11/07/07
|
Type
|
Free
|
Moderators Large Green xoom GO4AWILDRIDE UpTickMeA$AP stoxjock Split T |
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.
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.
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |