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You are correct and therein lies the problem..
with the BS that pervades this board nowadays…
Example… there have been so many scenarios on escrow. No wonder my financial advisor’s laugh at it.
And instead of a healthy conversation, people like Bill who poof you away so they don’t have to stand up to their argument and I guarantee you many of those arguments are weak …and so many conversations about COOP and what they are going to do as far as shares for escrows, and we get bought out by rocket are you kidding me ? 99.9 % never saw that coming… so the background changes and the photograph takes on a new light and this time you see.. I am right.
Uh no… you have never been right.
And now there’s a new scenario .. and another…so…
Let me know when the tornado lands
and the house flies away
and we go from black-and-white
to color in a day.
Many here will think
“What did he just say?”
This truly is the land of OZ. Odd but Oz..
JHD
There will be some middle road. Always is.
JHD
If US can deliver European standard in food, chickens ...
Tariffs may not be set in stone but they may be use to negotiate with countries to actually implement "FREE" trade.....let's wait and see what happens in the next 6 months...
Well, I understand dilution a little bit, but a reverse split didn’t hurt me at all with Mr. Cooper group.
JHD
Yes, I can see that but still a lot of complexity and complexity means more cost just do away with the damn tariffs. Just trying to figure out that crap cost a lot of money..
JHD
Thank you Sunshine for your constant and refreshing clarification on so many details. I keep trying to have a clearer view whether to stay or sell prior to the completion, for the only reason of a possible Reverse Split after the deal is consummated and the price being at its lowest due to a dilution effect.
How much weight would you give to this possibility if as you say, Jay Bray wouldn’t be the all mighty decision maker of the company as a whole.?
Thank you in advance.
If they have to have tariffs, find a way for us cnsumers to receive tax credits for purchases.....or give corporations here in the use to receive tax credits without raising prices...
Great idea, Elon, a free trade zone between the US and Europe. No tariffs.
JHD
My apologies, i think this is related to Rocket Companies.I was mistaken.
What happens when an "Up-C" structure collapses, legacy shareholders (those who held interests in the original pass-through entity) typically receive shares of the publicly traded company (PubCo) in exchange for their units in the partnership, enabling them to sell their shares in the open market.
----------------------------------------------
Up-C Structure:
In an Up-C structure, a company (PubCo) is formed and conducts an IPO, but the pre-IPO owners (legacy shareholders) continue to hold their interests directly in the pass-through entity (OP).
-----------------------------------------------------------------------------
Collapse:
The collapse of an Up-C structure occurs when the legacy shareholders exchange their interests in the pass-through entity (OP) for shares of the publicly traded company (PubCo).
-------------------------------------------------------------------------
Tax Implications:
The Up-C structure allows the pass-through entity's equity holders to retain the tax benefits of the pass-through entity.
MAY BE THIS WAS THE REASON WMI LIQUIDATING TRUST MAINTAINED ITS STATUS AS A LIQUIDATING TRUST THRU MARCH 2022, AND ESCROW POSITIONS WERE MOVED IN FEB 2022.
------------------------------------------------------------------
Redemption Provisions:
Some Up-C structures may include provisions where PubCo has the right to redeem the owner's common units in the partnership and shares of Class B common stock in PubCo for cash.
COOPs “Up-C” structure: Mergers are subject to the completion of the collapse of the Company’s “Up-C” structure
The Up-C Structure (Briefly) Explained
The Up-C is a two-tiered structure in which a newly
formed C corporation organized to serve as the PubCo
is admitted as a new managing partner in an existing
operating partnership (OpCo) by using the capital that it
raises in the IPO to acquire an interest in the OpCo.
See Figure 1.
Public investors own their voting and economic interests
directly in the PubCo, while the pre-IPO owners (Legacy
Owners) continue to hold interests directly in the
OpCo. Legacy Owners maintain public liquidity in their
investment via their negotiated right to periodically
exchange their retained interests in the OpCo for an
equivalent value of common stock in the PubCo. On
such an exchange, the PubCo generally receives a tax
basis step-up in its acquired portion of the OpCo assets,
which creates ordinary deductions for depreciation,
amortization, and imputed interest. These deductions
reduce the PubCo’s cash tax obligations and serve as the
primary tax benefit shared between Legacy Owners and
the PubCo when the various parties execute a TRA.
https://cdn.hl.com/pdf/2024/tra-market-update-q4--2023.pdf
Who are the "Legacy Owners" of COOP?.
LTIs?.
So is it a fixed 9.4 billion or it is 11 to 1 conversion for our shares? I've got a bunch of COOP and will have over 60k RKT shares with that conversion.
I think folks would be wanting to hold some RKT if that event were to take place.. IMO
JHD
sun, fully understand, and thanks for explaining, but there could always be a higher bid changing the terms completely. This is NOT at all unusual with companies taking over others, especially the more successful the more likely another bid arises.
...
(Just to be clear: Bray is becoming CEO only of their Rocket Mortgage division, not the entire company.)
When you say you think $143 is an undervalued price, do you understand that $143 is merely the 1:11 value that was based on March 28 closing prices? And that as RKT rises, so does that valuation for COOP? If RKT continues to climb until the acquisition finalizes, the value given to COOP shareholders will also automatically increase. The value COOP shareholders will get won't be "only" $143 unless the RKT price is at the same level it was on March 28. If the price goes up, so does our value at finalization. We're lucky that RKT had sunk to that level on that day, because, as has happened since the announcement, RKT is on its way back up to where it was.
As of Friday's close, the value we'll be getting is $172/COOP share.
Look at it this way: Will you be upset if RKT shares are at $18 in the end? We would get a value of $198 per COOP share if it is.
sun, do NOT be surprised if a significantly higher bid materializes for COOP between now and Oct/Nov as COOP is in a much shrinking arena and seems to be undervalued with a value for COOP shareowners at $143.00.
I would expect RKT to still win the deal even at a higher price, and an extraordinary action happened that rarely, if ever, happens. That is, the surviving merger company RKT will appoint CEO Jay Bray of the company that was taken over by COOP as the CEO of RKT.
This tells me that the assets of the former WaMu Estate along with their owners who are BENEFICIAL owners of the former estate via a WMI (DST) Delaware Statutory Trust who signed timely releases by March of year 2012 will come to life and end up purchasing RKT by the end of year 2026 bringing full circle this WaMu travesty completing the resurrection of the old WMI or similar name only much larger and more successful. I also see Lehmans playing a role due to their 60B in NOLs as well as Fannie and Freddy.
...
Calculating HOW many went to whom and logging tallies into the DTCC ?
Question is, why did they maintain Escrow Positions thru Feb 2022, even after cancelling WMILT as of Dec 31,2021?.
IMO The National Republic Bank of Chicago Chicago IL 10/24/2014 and the New City Bank 2/24/2025 is the termination of Recievership which should clear the way for payment of settlement. Total speculation.
Federal Deposit Insurance Corporation
Notice is hereby given that the Federal Deposit Insurance Corporation (FDIC or Receiver), as Receiver for the institution listed below, intends to terminate its receivership for said institution.
The liquidation of the assets for the receivership has been completed. To the extent permitted by available funds and in accordance with law, the Receiver will be making a final dividend payment to proven creditors. Based upon the foregoing, the Receiver has determined that the continued existence of the receivership will serve no useful purpose. Consequently, notice is given that the receivership shall be terminated, to be effective no sooner than 30 days after the date of this notice. If any person wishes to comment concerning the termination of the receivership, such comment must be made in writing, identify the receivership to which the comment pertains, and sent within 30 days of the date of this notice to: Federal Deposit Insurance Corporation, Division of Resolutions and Receiverships, Attention: Receivership Oversight Section, 600 North Pearl, Suite 700, Dallas, TX 75201. No comments concerning the termination of this receivership will be considered that are not sent within this time frame.
Notice of Intent To Terminate Receivership
FundReceivership nameCityStateDate of appointment of receiver
10507
The National Republic Bank of Chicago
Chicago
IL
10/24/2014
(Authority: 12 U.S.C. 1819)
Federal Deposit Insurance Corporation.
Dated at Washington, DC, on February 27, 2025.
https://www.federalregister.gov/documents/2025/03/04/2025-03474/notice-to-all-interested-parties-of-intent-to-terminate-receivership
I do not care....the issue is every post the creep makes is how he bought in the single digits and sold at 50.50....then to post everyone's opinion is crap while his opinion is the only one that matters....then claims to be the only one that is accredited investor....the other is he received a ghost payment and bragged that he was the only one.....for years he claimed nothing could be done until the share count was reset....or that interest would be paid out only if there is another acquisition....it just goes on....or how he is part of the insider group....it just goes on....the worst is he claims to be the smartest investor in the room....because he took a profit....well many sold at 50.00 but they don't post on a message board....
Gooood morning people, It’s a firer sale going on out there BUY,BUY,BUY ur favs blue bloods
COOP will go where it’s intended to, The puppet OLE BJ SCORES AGAIN off our backs as the BOYZZZZ DO TOO 🤬GLTA-have a great weekend people -Ts
Edit
Rocket Cos. upgraded to Buy at Deutsche Bank, to Market Perform at KBW
Rocket Companies (NYSE:RKT) stock jumped 15% as Deutsche Bank and KBW upgraded the lender's stock after it agreed to acquire Mr. Cooper (COOP) in $9.4B all-stock deal earlier this week.
Deutsche Bank analyst Mark DeVries upgraded RKT to Buy from Hold, expecting the acquisition will "provide a big step toward the ambitious 2027 market share targets laid out last September (at least the 20% refi share target)."
He lifted its price target to $16 from $14. He sees more upside potential in a lower rate environment, where the revenue synergies from boosting Mr. Cooper's recapture "should be more pronounced."
KBW analyst Bose George raised Rocket (NYSE:RKT) to Market Perform from Underperform, as he sees the Mr. Cooper (COOP) deal creating a more balanced business model, providing more confidence in earnings estimates.
"RKT's 2027 market share goals appear more attainable, considering the COOP deal would roughly quadruple RKT's servicing UPB to ~$2.15T and position RKT to utilize its industry-leading recapture capabilities in any declining rate environment," George wrote in a note to clients.
The recommendations of Hold or better from Deutsche Bank and KBW contrast with the SA Quant rating of Sell. The average SA Analyst rating is Buy, agreeing with the Deutsche Bank recommendation, while the average Wall Street rating of Hold aligns with KBW's assessment
—————
But,but,but 🫣🤔🤭
It's about trading to make a profit, pixie. I don't think anyone is here to lose money. Let's say someone sold today at 130 something and this stock bounces to 200 in November? Are they fools for not waiting until November to get that bigger profit?
99.8% of the people on here will tell you your post was dumb. It really has ZERO to do with the cowboy...It's about trading to make a profit. Isn't that why we are all here, duh?
Its myOption.....call the options department of your brokerage account to answer your question.....IMO, since they bought the call option, then they have exercised rights to the dividend when they take delivery of the stock in June, 2026....I did my 200 call option in january , so as not to pay the taxes in 2025......however, I may have a chance to roll that option again if this market tanks, and brings Coop down along with the rest of the market....my intention to do the covered call on in the first place was the fear of a market selloff, and it proved right....IMO, world markets are bigger than DJT and his ideas, and cooler heads will prevail and countries will work out these tariff differences before the world blows up..... so, I am a seller of PUT options to capture the great monetary fear engendered by this POTUS....good luck forward into this great unknown......Lodas
He’s not weird you’re the one that comes out of the dungeon to slap people for what you consider a stupid post. It’s really none of your business..
JHD
Again, what he eats don't make me sh*t. AZ selling at 10, 50, 100 or 150 doesn't make my bank account move. I don't understand why this bothers you soooooooooooooooooooo freaking much. Weirdo, lol
One thing you can be sure of is that this development hit COOP shorts right in the shorts and they're here and on other boards doing everything they can to confuse things and downplay the value increase that this acquisition means for COOP shareholders.
Imagine that last Friday you went short on COOP at $104 (maybe even with margin funds) and woke up on Monday owing 130% of that money back to the brokerage. AND having it look like you might wind up owing a lot more if COOP and RKT keep going up.
Some of them will try to make stupid arguments and confusing jokes to make it sound like buying RKT is a better idea than buying COOP right now. They'll try to make it sound like RKT is a bad company that won't pay off in the long run.
This acquisition might not happen. It might all fall apart. If that happens, we'll have to deal with the fallout.
But right now, based on what we know, COOP is a buy and is selling at a 30% discount.
Dumb statement is that coop didn't matter after he sold at 50.50...then kept saying shares have to be reset first...interest will be distributed after another acquisition.....the other is claiming to be the smartest in the room...has there been anything cactus stated about escrows to be correct...wait ABS distribution happened on the 25th.
They sure do have that option to sell at any price they want but when someone rubs it in other people’s faces? I don’t respect them. I hope he buys 50 vettes who gives a crap..
JHD
What a dumb statement! People sell at various price points for their own personal reasons, end of story. If they make ANY profit that they are comfortable with, so be it.
Have a great evening....
I am sorry you mom could not see this merger...and coop's pps fly...
Nice day for us, considering the market. The amount of people I've been seeing utterly freaking out over a correction has been surreal to observe on other boards. Perhaps they shouldn't be investing at all?
It sure did..they ran it all around but nice ending. Have a great weekend Pick!
JHD
Its always been soon DG.
JHD
Then I guess you're ready to sell me all right title and interest in and to and from your legacy shares on the cheap right, since NOTHING IS COMING BACK
You got that right!!!!
Quote: "WMIH acquired 2018 sub' ... is NO LONGER NEEDED' ... good riddance COOP, "
Is it because you got it wrong or did not know what you owned... Coop is doing great......
Held up nicely
SOON = HORSECHIT !!!!!!!!!!!!!!!!!!!!!
lodas, that seems like good play. If the RKT merge takes place in 4th quarter my guess is your option will get cancelled or converted to RKT option with equal value - Your thoughts and would you still get the dividend? I just looked at the June 18, 2026 and the $200 strike can get $11.50
I just have never had open covered call contracts at time when merge closed and not sure what happen and anything negative to going out even more and collecting more?
So are we getting paid?
JHD
4/4/2025 - Notice of Termination of Receiverships
A Notice by the Federal Deposit Insurance Corporation on 04/04/2025
Published Document: 2025-05841 (90 FR 14839)
This document has been published in the Federal Register. Use the PDF linked in the document sidebar for the official electronic format.
Published Document: 2025-05841 (90 FR 14839)
Document Details Published Content - Document Details
Agency
Federal Deposit Insurance Corporation
Document Citation
90 FR 14839
Document Number
2025-05841
Document Type
Notice
Pages
14839-14840
(2 pages)
Publication Date
04/04/2025
Published Content - Document Details
Published Document: 2025-05841 (90 FR 14839)This document has been published in the Federal Register. Use the PDF linked in the document sidebar for the official electronic format.
Document Headings
Document headings vary by document type but may contain
the following:
the agency or agencies that issued and signed a document
the number of the CFR title and the number of each part
the document amends, proposes to amend, or is directly
related to
the agency docket number / agency internal file number
the RIN which identifies each regulatory action listed in
the Unified Agenda of Federal Regulatory and Deregulatory
Actions
See the
Document Drafting Handbook
for more details.
Federal Deposit Insurance Corporation
The Federal Deposit Insurance Corporation (FDIC or Receiver), as Receiver for each of the following insured depository institutions, was charged with the duty of winding up the affairs of the former institutions and liquidating all related assets. The Receiver has fulfilled its obligations and made all dividend distributions required by law.
The Receiver has further irrevocably authorized and appointed FDIC-Corporate as its attorney-in-fact to execute and file any and all documents that may be required to be executed by the Receiver that FDIC-Corporate, in its sole discretion, deems necessary, including but not limited to releases, discharges, satisfactions, endorsements, assignments, and deeds. Effective on the termination dates listed above, the Receiverships have been terminated, the Receiver has been discharged, and the Receiverships have ceased to exist as legal entities.
Notice of Termination of Receiverships
Fund Receivership name City State Termination date
10054 First Bank of Beverly Hills Calabasas CA 04/01/2025
10273 Liberty Bank Eugene OR 04/01/2025
(Authority: 12 U.S.C. 1819)
Federal Deposit Insurance Corporation.
Dated at Washington, DC, on April 1, 2025.
Jennifer M. Jones,
Deputy Executive Secretary.
[FR Doc. 2025-05841 Filed 4-3-25; 8:45 am]
BILLING CODE 6714-01-P
https://www.federalregister.gov/documents/2025/04/04/2025-05841/notice-of-termination-of-receiverships
AZC, you said the following.
ONLY the 2018' Acquired Sub is involved; ... There's More Soon To Come' ... for those that Released in 2012 with their Cusip Aligned Documentation', and the Actual Owners of the Reorganized Washington Mutual Holding Co. Inc. ... period' .
Yes, you are precisely correct with more to come, and I will clarify, there is MUCH more to come for those investors who signed timely releases by March of the year 2012. Now, the caveat is, as I have always said, a DST will play a pivotal role in our distributions, and yes there will be more than one bucket
At this moment, the price of RKT is $15.70. Eleven times that is $172.70. But the price of COOP is $133.76. So, buying COOP shares is equivalent to buying RKT shares at almost a 30% discount.
Yes, as I just stated on my prior post, on that we are completely in agreement, and if that happens, I’d lost my time buying Coop and sell right away for I don’t have the time or the patience to wait my earning go up so slowly and repeat what I just went through with Coop 12/1 RS.
It’s all a gamble with some reading and financial knowledge, only this time we know the players and they love RS.
I don't understand the confusion about whether COOP or RKT is a better buy right now. If the acquisition finalizes, you're going to get 11 shares of RKT for every one share of COOP. So, as long as the COOP share price is less than 11 times the price of RKT shares, buying COOP shares is like buying RKT shares at a discount.
If you can go to Whole Foods and buy a box of cereal for $6, but you could buy that exact same box of cereal for $5 at Wal-Mart, why on Earth would you buy the cereal at Whole Foods? You're paying more for the same thing, for no reason.
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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.
Volume: | 2,716,117 |
Day Range: | 129.11 - 135.96 |
Last Trade Time: | 7:33:25 PM EDT |
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