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I don't think he was asking about JPM stock unless he has it....which good for him....
Isn't it great to see what an after-hours paint job of 100 shares can do for your portfolio?
100 shares @ 117.67 @ 17:33
Hey stox answer to your question
In all of the confusion do not miss this post . This alone will take care of P's and then some. 1000 shares at 10,000 per share.
We are offering 2,500,000 depositary shares, each representing a one-tenth interest in a share of our perpetual 6.875% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series NN, $1 par value, with a liquidation preference of $10,000 per share (equivalent to $1,000 per depositary share) (the “Preferred Stock”). Each depositary share entitles the holder, through the depositary, to a proportional fractional interest in all rights, powers and preferences of the Preferred Stock represented by the depositary share.
We will pay dividends on the Preferred Stock, when, as, and if declared by our board of directors or a duly authorized committee of our board, quarterly in arrears, on March 1, June 1, September 1 and December 1 of each year, beginning on June 1, 2024. From the original issue date to, but excluding, June 1, 2029, we will pay dividends when, as, and if declared by our board or such committee at a rate of 6.875% per annum, beginning on June 1, 2024. From and including June 1, 2029, for each reset period (as described in this prospectus supplement), we will pay dividends when, as, and if declared by our board or such committee at a rate equal to a five-year treasury rate (as described in this prospectus supplement) as of the most recent reset dividend determination date (as described in this prospectus supplement) plus a spread of 2.737% per annum, beginning on September 1, 2029. Dividends on the Preferred Stock will not be cumulative. Upon the payment of any dividends on the Preferred Stock, holders of depositary shares will receive a related proportionate payment.
We may redeem the Preferred Stock on any dividend payment date on or after June 1, 2029, in whole at any time or from time to time in part, at a redemption price equal to $10,000 per share (equivalent to $1,000 per depositary share), plus any declared and unpaid dividends, without accumulation of any undeclared dividends. We may also redeem the Preferred Stock after a capital treatment event (as described in this prospectus supplement), subject to regulatory approval. If we redeem any Preferred Stock, the depositary will redeem the related depositary shares.
https://www.sec.gov/Archives/edgar/data/19617/000119312524060114/d745782dfwp.htm?fbclid=IwZXh0bgNhZW0CMTAAAR2fQPHDjWAYf1UAt3P4fZhPhs0Dl2nEkxmp96pgyq1fnvklwUqVSHOkRHQ_aem_AcpNgPfPU6c2vV6MlnemLqH_9scnLU_n3Tr71K_CECjQtrboGM52rKbMFIQpOCfuYsUYVRZlsRrthVX72YkNQtZx
"P's 10,000 pps or 100k to 400k per p"
HuH? RD, Could you please throw more color on Ps 10,000 pps? What do you mean by that?
You do know that Ps FV was $1000, right?
TIA & GLTU & GLTA!
Really:::: **Mr. Cooper Group Inc. (COOP)** needing to complete its **NSM merger-related business** before proceeding with its **merger with Rocket Companies (RKT)**. According to available information, this process is expected to be finalized around **November 15, 2025**
COOP MUST FINISH NSM MERGER-RELATED BUSINESS BEFORE MERGER WITH RKT IS COMPLETE AROUND 11/15/2025
1) I have always thought the Timely-Signed Investors/Releasors have never been compensated for the WMIH/COOP business
2) The point above can be argued, but let's move on and talk about the 10M COOP authorized preferred shares that have been shelf-ready since 3/19/2012
3) So let's work backwards from the expected closing of the merger in 4th quarter, so let us assume it closes 11/15/2025
4) I believe the ten million preferred will be issued around 1.25 to one, and 37M commons will be issued to commons and could be more, as COOP has 200M authorized common shares, but the 37M takes us back to the 100M COOP original outstanding shares
5) I think if this happens, it would have to happen around 7/15/2025, as it may take two months to complete because there will be a decision to make for investors, like deciding to take RKT shares or just to go ahead and sell your COOP shares
6) If it takes two months, that takes us to September 15, 2025, allowing another month or so to vote on the merger, which will be automatic because a very large percentage is controlled by institutions and insiders, so a formality, but must happen anyway
7) There needs to be some time for issues that arise, so about two months built in for the unexpected
8) I believe we may know something as early as June of the current year, 2025, as to where we stand, but I fully believe the RKT/COOP merger announcement on March 31, 2025, is the first public indirect confirmation that we are finally moving forward after all of these years
9) I believe the Safe Harbor monies we potentially have coming will be a private placement of securities issued to those investors who signed timely releases by March of the year 2012, which MAY have a threshold to meet for preferred and common, assuming common are not bought out by other Players. I would not expect this transaction before the Spring of 2026
10) Finally, the RKT/COOP merger consummated on 11/15/2025, with RKT the survivor and COOP being formally extinguished
...
I'm a researcher of history. On IHUB, these penny stocks don't matter. It's the people who push them that interests me.
Good job on the research! Now I think I will have 7.
Are you my Dad by any chance.......
😆 🤣 😂 😹 😆 🤣 😂 😹 😆 🤣 😂 😹 😆 🤣 😂 😹
Based on earnings tomorrow before the opening and a mid week day instead of an after hour Friday, seems like we’re gonna get a good report …up nicely so far today. Imo
JHD
I was following the history of the guy I posted to....duh
I can't even fathom what nefarious scheme you think I'm hatching.
Yes Jamie Dimon is a weasel......
Anyone knows that.......
He is not a coop CEO......
So what's your point 👉.....
Is that your rule 😏........
Never sold .......
Got my Escrows as well......
To answer your next question.........
Did you buy any back then........
Ummmm, you did when you quit posting there after years
NASDAQ: COOP) will release its first quarter 2025 financial results on April 23, 2025 at 7:00 A.M. Eastern Time. 2 hours before market opens....lets see how the market responds....could be interesting...
Hopefully some good positive news, I don't understand how this thing cannot be profitable, I mean it's not like a retail store. Our product is already sold to the people with the loans, even if they default on the loan, we have the collateral and recover the house to Re-COOP any losses. Unless of course, as there is unnecessary spending and or big wig's deciding to take giant checks, good luck to us on the earnings 👍🏻
Why the Heck so Early ???
2.5 Hours before market opening... :(
don't remember that happening before
👉LATEST COOP PPS targets==>Barclays:$147, Compass Point:$146, UBS:$145, Piper Sandler:$143, KBW:$143, DEUTSCHE BANK:$137, JMP Securities:$115, Wedbush:$115
👉COOP Q1'25 earnings TOMORROW (pre-market)
See: https://www.businesswire.com/news/home/20250409358761/en/Mr.-Cooper-Group-Inc.-to-Release-First-Quarter-2025-Financial-Results-on-April-23-2025
Bbanbob, $1.7 Trillion is not that far from the $1.5 Trillion on Mr Cooper Group’s Books and now $2.1 Trillion Dollars with Rocket Companies and Rocket Mortgage Combined.
Until there is a payout even at .10 it still has no value even after 16+ years and going......it is unfortunate that this has turned the way it has....
Who told you i left........
It was $47B at fair market. The rest is just paper losses that never happened. Wamu was taken down because of a bank run. The portfolio never had real loss. It was a combination of paper loss and bank run that took it down.
Bbanbob, I agree, but what I was referring to was the fact that Washington Mutual was mentioned and it give the insinuation that it too impacted a cost to the Fund. That’s the misleading part.
At the end of 2007, WMI‘s market cap was 11.5B (870M shares outstanding, share price of $13.61) and it made a loss of 67M.
So after WMB was seized in 08 the value of WMI’s share capital increased by a factor of 86x over the last 17 years?
That's Fine...I want to Take my Money NOW, as I do NOT trust the Snakes guarding that Treasure...Who do I Ask? LOL!
$360,000 was the cashout value. This was in response to Ken’s post on BP
January 28 2025 @12:37 pm and 12:40 pm
Her 10 year forecast was that the Ps would see an equivalent to $3 million per P.
Realize to she indicated that would be OVER A 10 YR PERIOD or more in accumulated values
In 2007 rhe market cap of Wamu was $47B. It was earning $9B a year in interest off its loan portfolio. Its not inconceivable that there is at least $30 to $60B in interest belonging to the estate sitting somewhere in remote BK.
In 2007 Wamu loan portfolio was generating $9B in yearly interest. Since JPM claimed that they didnt purchase the loans during the bank takeover, I presume this portfolio has been generating at least $100B in interest in remote bankruptcy over the last 17 years. The question is will we ever see it since there are no court acknowledgement of our equity having any interest in the assets held in remote bk. It may be another 10 years before FDIC closes the wamu receivership. There is no one twisting its arms to close this down. By that time, most of those involved in the orginal bk court case may be dead...including Judge Walrath....and I doubt the anyone at the US Trustee is keeping an eye on this.
That was 17 years ago....in today's corruption it will not be seen
HELL WE DON'T KNOW IF even .10 is coming back here PERIOD
HERO OR ZERO
But my WAG is it is a long way from ZERO
TIME WILL TELL and TIME TELLS ALL
32-8='s 24 that is WHERE I START, then jump to the good DR "A"S 86 bill, then FOR ME WAY out there, jump to the 399 outside of the FDIC's PIE CHART
Was that a lie??????????? IN A BK FILING
And please do not tell me that was the value of the bank stock, WMB was seized THEN WMI filed and after WMB was seized there was NO VALUE TO THEIR SHARES
But we don’t know it is coming back .
JHD
She’s still out of her mind respectfully
JHD
At the end of 2007 with WMB alive and operating its parent WMI had a market cap of 11.5B - before WMB was seized by the FDIC.
But the “conservative“ figure coming back to former WMI Escrow holders 17 years later is 1 Trillion minimum
https://www.sec.gov/Archives/edgar/data/933136/000104746908006870/a2185889z10-ka.htm
350k per p....laughing right now
Realize to she indicated that would be OVER A 10 YR PERIOD or more in accumulated values
With what BBAN just said that WaMu had $1.7 Trillion in Mortgages, these numbers may be Real ]
AND that's why the "Gang of Four" Hedgies, BK, MW & Co want to STEAL All the Monies that belong to us - YES it is the "F&R Promised:" - YES, "The PRECIOUS - They STOLE IT FROM US, SNEAKY LITTLE HOBBITSES",,, SMOKE The Sneaky Little Hobbitses Snakes BK & MW from their Holes and we'll FIND Where ALL the "F&R Promised MONEY" Is....
Don't get me wrong, may she be even close to being right...lol
I agree IF something comes back greater than 1-2.5 but the $350,000 per P is laughable imo.
JHD
JHD
I have spoken with DNDN on multiple occasions, the guy SORRY dwarfs both of us imho when it comes to financial acumen/understanding.........
He has on multiple occasions both in private and I believe on this board, INDICATED that his conservative figure is aprox 1 trillion minimum.
When one realizes that WAMU had 1.7 trillion in mortgages in 2007( per the SEN SUB COMM ON BANKING) and 635 bill IN FORCE when seized according to the SEN SUB COMM on banking, one has to WONDER what happened to the other trillion in loans, did they just go POOF GHONDI??????.
Yes the number are hard to swallow but when we are speaking of one of the largest banks in the US, maybe it really isn't that hard to comprehend after all
ALL of us hopefully will be here to see how this turns out BUT, I speculate the numbers will be FAR MORE THAN 1-2.5 X's FACE
Yes..this is the problem here...numbers that are so far off base from what we "suppose" we will receive...
And I get grilled by Mr Bill when I said I read numbers which could mean I am a billionaire with my P's.
JHD
You mean drink...there must be something extra in her coffee....
I want what she's smoking......
Did you buy back in
Probably the same reason I screwed up and sold 3 yrs ago @$11.35.............. THOUGHT I had a better place to go in the short term with my money at the time, DA MOVE on my part
Why did you leave here right before the big run?
300k for P's and Cactus would be president.....
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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.
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
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