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Mr. Cooper Group, Inc. (COOP)

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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: Annual Report (10-k) 03/11/2019 05:23:10 PM
COOP News: Initial Statement of Beneficial Ownership (3) 03/08/2019 04:24:45 PM
COOP News: Current Report Filing (8-k) 03/07/2019 06:08:14 AM
COOP News: Mr. Cooper Group Reports Fourth Quarter and Full Year 2018 Financial Results 03/07/2019 04:00:00 AM
COOP News: Statement of Changes in Beneficial Ownership (4) 03/05/2019 04:30:59 PM
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PostSubject
#551470  Sticky Note House of cards! Are the underwriters quadruple dipping? Dmdmd2020 12/18/18 09:53:56 AM
#565459   RON I am sorry but I do not understand this!!!!!!!!! BBANBOB 03/22/19 08:20:43 PM
#565458   Bopfan has been Busy. ron_66271 03/22/19 08:11:15 PM
#565457   SIMPLE becasue we just found out about it BBANBOB 03/22/19 08:09:44 PM
#565456   Any thoughts of this recent price slaughter of Thundergulch 03/22/19 08:05:44 PM
#565455   COOP domain is for sale on godaddy lol CINCY_4MONEY 03/22/19 08:02:58 PM
#565454   RULE ONE use stops if ya want your BBANBOB 03/22/19 07:59:08 PM
#565453   Willie424, I asked the same question about timing ellejaye 03/22/19 07:57:19 PM
#565451   heres hoping for NEXT WEEK.... jerrylev 03/22/19 07:43:11 PM
#565450   Hedge knows when all up to end Royal Dude 03/22/19 07:42:32 PM
#565449   Did you buy today, Lodas? jerrylev 03/22/19 07:40:49 PM
#565448   i hope so...i really cant believe it has diamondguru-one 03/22/19 07:39:51 PM
#565447   Objection to underwriters being in class 19. jerrylev 03/22/19 07:38:50 PM
#565446   also notice from zacks top performing industry group, lodas 03/22/19 07:37:08 PM
#565445   willie, I will let the more legal minded goodietime 03/22/19 07:31:56 PM
#565444   how does this affect us? do we now willie424 03/22/19 07:28:38 PM
#565443   Hopefully next week Royal Dude 03/22/19 07:26:47 PM
#565442   They're not unknown..lol. One just simply has to UpTickMeASAP 03/22/19 07:25:35 PM
#565441   I have combed throught POR 7 over and Olde English 800 03/22/19 07:23:12 PM
#565440   I just want to get back to normal..lol jhdf51 03/22/19 07:23:06 PM
#565439   Agree! jhdf51 03/22/19 07:22:26 PM
#565438   Royal...IYO...when are you thinkin we will see ESCROW diamondguru-one 03/22/19 07:19:51 PM
#565437   New Docket goodietime 03/22/19 07:10:10 PM
#565436   Lodas, The perpetrators need to be wrapped in Split T 03/22/19 07:00:02 PM
#565434   THE BANK OF NEW YORK MELLON, ACTING THROUGH Royal Dude 03/22/19 06:47:25 PM
#565433   JPM 5.1 Opinion of Simpson Thacher & Royal Dude 03/22/19 06:42:21 PM
#565432   $645,000,000* GS Finance Corp. Royal Dude 03/22/19 06:37:39 PM
#565431   lodas, interesting and indicative of fishy business regarding intuitive3 03/22/19 06:33:16 PM
#565430   this from zacks downgrade today.......notice 2 strong buys, lodas 03/22/19 06:17:50 PM
#565429   Lol, I make my own rules...so i think cents2ks 03/22/19 06:04:31 PM
#565428   We're still tradking because you're still here! nhtrader 03/22/19 06:02:02 PM
#565427   JB3136......didnt you go through all of this before lodas 03/22/19 05:59:24 PM
#565426   Hahaha, they may be in the closet, but boarddork 03/22/19 05:56:37 PM
#565425   Why is this tanking so slow this SCAM REALtime64 03/22/19 05:45:31 PM
#565424   boarddork Maybe ,just maybe t1215s 03/22/19 05:44:58 PM
#565423   I really hope we get some resolution by stoxjock 03/22/19 05:35:50 PM
#565422   I've never fully understood why filling those gaps sillyinvestor 03/22/19 05:16:13 PM
#565421   I do believe this is the final leg Johnnyiwantsome 03/22/19 05:04:22 PM
#565420   It's all about filling this HUGE GAP from JusticeWillWin 03/22/19 04:51:27 PM
#565419   Johnny and how many times have you seen t1215s 03/22/19 04:48:48 PM
#565417   neither bought nor sold today just seethed with JB3136 03/22/19 04:43:38 PM
#565416   March 29th is the last business day of Major_Bankz 03/22/19 04:43:08 PM
#565415   Maybe Walrath has the debtors official ‘ post boarddork 03/22/19 04:37:57 PM
#565414   maybe they ate all the "sausage", and there lodas 03/22/19 04:36:52 PM
#565413   not sure if they can payout right away Major_Bankz 03/22/19 04:35:20 PM
#565412   Ya, if I were these crooks I’d want boarddork 03/22/19 04:33:56 PM
#565411   raise your hand if you bought today.........raise your lodas 03/22/19 04:30:06 PM
#565410   Maybe they’re ‘in the closet’ playing ‘hide the boarddork 03/22/19 04:24:57 PM
#565409   Loaded a bit more today! I have seen Johnnyiwantsome 03/22/19 04:23:33 PM
#565408   Indeed, lets hope that this soon is the Major_Bankz 03/22/19 04:01:16 PM
#565407   I agree! izzyt 03/22/19 03:59:52 PM
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