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Mr. Cooper Group, Inc. (COOP)

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Last Post: 12/13/2018 9:31:29 PM - Followers: 1624 - Board type: Free - Posts Today: 133


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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 Group Names New Chief Financial Officer 12/12/2018 04:30:00 PM
COOP News: Mr. Cooper Survey: Holidays Bring Spending Stress to Many Americans 12/06/2018 09:00:00 AM
COOP News: Mr. Cooper Group Reports Third Quarter 2018 Financial Results & Signed Agreement for Strategic Acquisition of Originator with... 11/08/2018 07:00:00 AM
COOP News: Mr. Cooper Group Inc. to Discuss Third Quarter Results on November 8, 2018 10/30/2018 11:23:00 PM
PlusOneCoin Top Posts
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#397110  Sticky Note WaMu Seesaws On M&A Speculation fsshon 03/24/14 04:17:07 PM
#550865   Wonderful Royal Dude 12/13/18 09:31:29 PM
#550862   "You are comparing apple and lemon. goodietime 12/13/18 08:07:04 PM
#550861   You are comparing apple and lemon. jerrylev 12/13/18 08:05:37 PM
#550859   XOOM he was of the attitude that BBANBOB 12/13/18 07:56:55 PM
#550857   Counselor wowalters 12/13/18 07:37:14 PM
#550856   Jerry , Could you go to a bank xoom 12/13/18 07:34:50 PM
#550854   The word "initial" was hyped up like JPM jerrylev 12/13/18 06:38:30 PM
#550853   Bob, are you getting paid for your PIERS? jerrylev 12/13/18 06:33:13 PM
#550852   $36.10 to the end . . . Juschilln 12/13/18 06:15:32 PM
#550851   You missed the word “initial”. It was an xoom 12/13/18 06:07:59 PM
#550850   Jehovah Royal Dude 12/13/18 05:58:34 PM
#550849   My King wowalters 12/13/18 05:37:11 PM
#550847   No need to, untill the taking and BK wowalters 12/13/18 05:19:32 PM
#550846   Proud of their SON or DAUGHTER or which BBANBOB 12/13/18 05:16:58 PM
#550845   The scam of the century is approaching the Royal Dude 12/13/18 05:16:38 PM
#550844   Nice buy lodas and Bob. And major, if gg4 12/13/18 05:06:57 PM
#550842   Admitidly he didn't buy at the low of BBANBOB 12/13/18 05:01:31 PM
#550841   Major... I don't know where the bottom is lodas 12/13/18 04:56:27 PM
#550840   If you will check his posts, when he fwh3334zeke 12/13/18 04:54:38 PM
#550837   BBAN.... 100 shares here, a hundred shares there.... lodas 12/13/18 04:20:10 PM
#550836   BBAN....just got back from the dentist, so I lodas 12/13/18 04:13:13 PM
#550835   Lodas..fyi: think a couple of posters on this tony_t 12/13/18 04:12:12 PM
#550834   silly.....as they say "buy low,......sell higher.....every time I lodas 12/13/18 04:10:10 PM
#550832   beat ya $13.73 first time I have BBANBOB 12/13/18 04:03:00 PM
#550831   How long have you been investing? NO stock fwh3334zeke 12/13/18 03:57:39 PM
#550830   nope still not at or below the oversold line. JB3136 12/13/18 03:57:04 PM
#550829   buying today?...I did.. 13.79.. Lodas lodas 12/13/18 03:55:15 PM
#550828   Show it. Not the imbalance or transactions jerrylev 12/13/18 03:38:01 PM
#550827   Looks like COOP desperately needs Viagra. sillyinvestor 12/13/18 03:37:19 PM
#550826   Our Savior cura asada 12/13/18 03:25:58 PM
#550825   We have proof wowalters 12/13/18 03:25:04 PM
#550824   The bank of Scotland will have to pay jerrylev 12/13/18 03:19:40 PM
#550823   They didn't, eventually they will pay plus interest. wowalters 12/13/18 03:00:46 PM
#550822   Where do you see that JPMC had to jerrylev 12/13/18 02:49:28 PM
#550821   You are fulfilling your purpose here. Emptyhead 12/13/18 02:48:51 PM
#550819   Prolly trying,saving her own but tzebedee 12/13/18 01:51:49 PM
#550818   YES.LEHMAN JUDGE TALKING ABOUT THE CASE 1.56.50 newflow 12/13/18 01:47:04 PM
#550817   newflow, Thanks for this. It looks like Sheila goodietime 12/13/18 01:45:03 PM
#550816   Regardless, it should be over and it is not tzebedee 12/13/18 01:40:15 PM
#550815   Yep me too, never woulda blinked at consideration tzebedee 12/13/18 01:38:28 PM
#550814   those with escrow or Coop shares might make tony_t 12/13/18 01:35:12 PM
#550812   Well, the whole system stinks. The question is, cura asada 12/13/18 01:31:46 PM
#550811   One has already alluded to the fact years BBANBOB 12/13/18 01:31:18 PM
#550810   I do believe preferreds will get more than jhdf51 12/13/18 01:28:08 PM
#550809   Ha.. not very optimistic of you! Of course jhdf51 12/13/18 01:26:36 PM
#550808   at this point, i'd be happy with even wcheng 12/13/18 01:25:44 PM
#550806   Certainly one could add the adverb “yet”. jhdf51 12/13/18 01:22:07 PM
#550805   We are now making another test of the lodas 12/13/18 01:21:02 PM
#550804   IF we get 10% its a HLCE then BBANBOB 12/13/18 01:16:21 PM
#550803   SHEILA BAIR IS STILL AT FDIC newflow 12/13/18 01:16:15 PM