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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
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
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 👍🏻
👉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
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
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
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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
WMI Equity Escrow Calculator
WMIH: Here's how old shares relate in value to the new shares.
AI
