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Mr. Cooper Group, Inc. (COOP)

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Last Post: 4/9/2020 7:17:39 PM - Followers: 1670 - Board type: Free - Posts Today: 121


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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: Current Report Filing (8-k) 02/21/2020 09:01:15 AM
COOP News: Mr. Cooper Group Announces Election of Shveta Mujumdar to Board of Directors 02/21/2020 09:00:00 AM
COOP News: Amended Statement of Ownership (sc 13g/a) 02/13/2020 06:08:54 AM
COOP News: Amended Statement of Ownership (sc 13g/a) 02/12/2020 01:07:15 PM
COOP News: Statement of Ownership (sc 13g) 02/11/2020 04:50:30 PM
#609843  Sticky Note "My expectation is FDIC will distribute these Safe stoxjock 01/29/20 12:44:52 AM
#594702  Sticky Note This is the end...of the saga UncleBo 11/02/19 01:17:29 PM
#621358   Thank you. jhdf51 04/09/20 07:17:39 PM
#621357   ItsMyOption, thanks again for the information. This is Large Green 04/09/20 06:42:37 PM
#621356   Great information mordicai and the PM as this Large Green 04/09/20 06:31:03 PM
#621355   Are you sure you want the stock up zeus_0100 04/09/20 06:06:24 PM
#621354   Woody ""So do your daily short numbers REALLY have BBANBOB 04/09/20 06:03:38 PM
#621353   http://www.mortgagenewsdaily.com/mortgage_rates/blog/941379.aspx mordicai 04/09/20 05:53:41 PM
#621352   I would rather ask him when they will Nightdaytrader 04/09/20 05:49:25 PM
#621351   Because Wall Street loves shorting... then they can Nightdaytrader 04/09/20 05:48:59 PM
#621350   IT's MY OPTION BBANBOB 04/09/20 05:30:54 PM
#621349   It'sNyOption Awesome letter David you Nailed it good....Thank you...Let MONICALAW 04/09/20 05:17:14 PM
#621348   WOODY BBANBOB 04/09/20 04:56:56 PM
#621347   Chart ========> 4 open gaps now JusticeWillWin 04/09/20 04:51:01 PM
#621346   I just want the stock back to $14+... jhdf51 04/09/20 04:49:57 PM
#621345   Woody so HOW many were shorted OVER ALL BBANBOB 04/09/20 04:47:22 PM
#621344   Great letter and I will work on something woodstock_guy25 04/09/20 04:46:19 PM
#621343   based on the short volume ratio I say woodstock_guy25 04/09/20 04:44:00 PM
#621342   STAND CORRECTED!!!!!!!!!!!!!!!!!!!! THIS TIME BBANBOB 04/09/20 04:39:06 PM
#621341   Short-interest slightly increased to 3.8M as of 03/31/2020 JusticeWillWin 04/09/20 04:37:10 PM
#621340   WELL ya best learn it! BBANBOB 04/09/20 04:26:46 PM
#621339   Never heard of day shorting... footballref-8541 04/09/20 04:20:20 PM
#621337   My Letter mailed to The Honorable Steven T. ItsMyOption 04/09/20 04:17:15 PM
#621335   HEHHEHEE Day SHORTING And REAL shorts are BBANBOB 04/09/20 04:06:37 PM
#621333   If so today short report should be over footballref-8541 04/09/20 04:04:51 PM
#621332   Good day on the Dow...great day here...on our jhdf51 04/09/20 04:03:10 PM
#621331   Yeah right, short report today after-hours here JusticeWillWin 04/09/20 03:48:57 PM
#621330   Posting this information again for the 1000 times PickStocks 04/09/20 03:43:16 PM
#621328   Footnote 39 ? The Examiner in this Report t1215s 04/09/20 03:33:50 PM
#621327   Parent Corp., = WMIH-Corp ReikoBlack 04/09/20 03:25:47 PM
#621326   "All in a Day’s Work: Providing Stability in Royal Dude 04/09/20 03:18:45 PM
#621324   Awesome thank you! Should be in jhdf51 04/09/20 03:13:53 PM
#621321   WaMu Former Estate***RESTRICTED SUBSIDIARIES***SOLVENCY CERTIFICATE Means ASSETS[/b Large Green 04/09/20 02:51:10 PM
#621320   ~ FootBall, WOW Fixing The System ?, Is AZCowboy 04/09/20 02:43:23 PM
#621319   ~ JHD, The Reorganized WMI’s BK Restricted “CASH AZCowboy 04/09/20 02:34:49 PM
#621318   "meanwhile someone has been shorting, and someone has goodietime 04/09/20 02:25:13 PM
#621317   Prove it, so far Mr Cooper Group is PickStocks 04/09/20 02:23:32 PM
#621316   Thanks RD I sure appreciate it.! jhdf51 04/09/20 02:23:23 PM
#621315   The Federal Reserve Bank announced this morning that Royal Dude 04/09/20 02:21:53 PM
#621314   The Federal Reserve Bank announced this morning that Royal Dude 04/09/20 02:20:55 PM
#621313   Thanks AZ so if this can go on jhdf51 04/09/20 02:15:25 PM
#621312   Az, if this is allowable what would need footballref-8541 04/09/20 02:13:22 PM
#621311   Woodstock FYI Better Alternative Trading System t1215s 04/09/20 02:11:33 PM
#621310   ~ So, What “Specific” SEC Allowances Are Actually AZCowboy 04/09/20 02:10:52 PM
#621309   Yes I have and I thank you for jhdf51 04/09/20 02:07:43 PM
#621308   ah have you seen my msg to this group? woodstock_guy25 04/09/20 02:03:40 PM
#621307   So what are you saying? jhdf51 04/09/20 02:02:21 PM
#621306   Why jhdf51 04/09/20 01:59:15 PM
#621305   Woody Ya ever think it may NOT be an BBANBOB 04/09/20 01:44:41 PM
#621304   meanwhile someone has been shorting, and someone has woodstock_guy25 04/09/20 01:43:56 PM
#621303   ~ “COOP” @ $5.00 / $8.00 / $12.00 AZCowboy 04/09/20 01:37:03 PM