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Mr. Cooper Group, Inc. (COOP)

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Last Post: 10/21/2019 11:30:18 PM - Followers: 1643 - Board type: Free - Posts Today: 159


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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 Inc. to Discuss Third Quarter 2019 Financial Results on October 31, 2019 10/17/2019 06:57:00 PM
COOP News: Current Report Filing (8-k) 09/09/2019 07:01:21 AM
COOP News: Statement of Changes in Beneficial Ownership (4) 09/04/2019 04:42:36 PM
COOP News: Mr. Cooper Group Inc. to Present at the 2019 Barclays Global Financial Services Conference 09/04/2019 04:00:00 PM
COOP News: Mr. Cooper Group Receives Great Place to Work Certification 08/21/2019 09:00:00 AM
#589220  Sticky Note PRIOR TO NOON TODAY! goodietime 09/25/19 10:10:51 AM
#581869  Sticky Note Mr, Cooper you are the worst CEO on nranger 07/16/19 02:20:40 AM
#551470  Sticky Note House of cards! Are the underwriters quadruple dipping? Dmdmd2020 12/18/18 09:53:56 AM
#592515   I do give a hoot, I was not PickStocks 10/21/19 11:30:18 PM
#592514   The unlawful takedown of WAMU, by JPMC is lodas 10/21/19 11:28:20 PM
#592513   Brian Rosen admitted recovery for equity but a BEP28 10/21/19 10:57:44 PM
#592512   Sometimes you have to wonder if THJMW actually xoom 10/21/19 10:24:18 PM
#592511   ~ Definitely Way, Way, Above Her Pay Grade ~ AZCowboy 10/21/19 09:55:34 PM
#592510   Weird ass tangential smoke rings, amatuer. Bizreader 10/21/19 09:50:39 PM
#592509   ~ Correct, “There IS NO “Prospectus For A AZCowboy 10/21/19 09:49:40 PM
#592507   ~ The “Exchange Event” Happened’, TPS Lost Their AZCowboy 10/21/19 09:19:28 PM
#592505   ~ So, “Cancelled” ? “Not Cancelled” ? Which AZCowboy 10/21/19 09:14:26 PM
#592504   Reposted for those who believe the WAMPQ, WAMKQ hotmeat 10/21/19 09:10:28 PM
#592503   Quote: "~ There Isn’t A “Prospectus” For A hotmeat 10/21/19 09:09:01 PM
#592502   How could you define “good” if there was xoom 10/21/19 08:46:49 PM
#592501   ~ So, “Cancelled” ? “Not Cancelled” ? Which AZCowboy 10/21/19 08:41:46 PM
#592499   BRILLIANT commentary lodas. Let's don't give up until austin01 10/21/19 08:23:01 PM
#592498   newflow, don't know if anything will come austin01 10/21/19 08:19:29 PM
#592497   May not need court Royal Dude 10/21/19 07:53:04 PM
#592496   Love your post Bep very close to bops Royal Dude 10/21/19 07:44:11 PM
#592495   How about a 104 billion confession straight from BEP28 10/21/19 07:33:20 PM
#592494   COOL I'll bet there is NO COURT ON THE 31rst.................................. BBANBOB 10/21/19 07:32:02 PM
#592493   Who got paid the 151 billion creyno58 10/21/19 07:08:24 PM
#592492   newflow 10/21/19 07:03:47 PM
#592491   LTIs GUARANTEED SOON newflow 10/21/19 07:01:42 PM
#592490   Is it Poof Ghondi or Poof Gondi, or JB3136 10/21/19 06:49:59 PM
#592488   BBANBOB, again, that is not what Brian Rosen said. Nightdaytrader 10/21/19 06:32:28 PM
#592487   oh im long just want more,,but cheapear like devneil781 10/21/19 06:26:38 PM
#592486   Justice, pos rsi at 72 ,,pos macd div devneil781 10/21/19 06:22:42 PM
#592485   "We expect that delivery of the notes will Royal Dude 10/21/19 05:53:19 PM
#592484   All in all nice close today, green is t1215s 10/21/19 05:50:42 PM
#592483   FIRST YOU AAA/U/ME she did NOT RELEASE!!!!!!!!!!!!!! BBANBOB 10/21/19 05:30:44 PM
#592481   SIMPLE once the CO went into BK all BBANBOB 10/21/19 05:23:18 PM
#592480   another big move ???? Royal Dude 10/21/19 05:10:18 PM
#592479   This is way off. The prospectus was canceled PickStocks 10/21/19 05:03:30 PM
#592478   If what you say is correct, so far PickStocks 10/21/19 05:01:24 PM
#592477   ron_66271, you said the following, ""The Prospectus are Large Green 10/21/19 04:49:53 PM
#592476   Figured you wanted the interest reinvested WAMUSHAMU 10/21/19 04:44:55 PM
#592475   LOGO Royal Dude 10/21/19 04:27:00 PM
#592474   wildboarhog0, See The Reply to Post. ron_66271 10/21/19 04:19:31 PM
#592473   "The Prospectus are still in operation for the wildboarhog0 10/21/19 04:17:28 PM
#592472   If The Prospectus Was Cancelled, ron_66271 10/21/19 04:08:53 PM
#592471   ~ There Isn’t A “Prospectus” For A WMI AZCowboy 10/21/19 04:04:22 PM
#592470   $11,80. Another good day getting close to jhdf51 10/21/19 04:01:15 PM
#592468   Got it. goodietime 10/21/19 03:58:13 PM
#592467   Reason To Be Pissed – A Summary of 955 10/21/19 03:56:03 PM
#592466   was sarcastic BBANBOB 10/21/19 03:54:36 PM
#592465   Brother wake up this is corrupt america,haven't you wamuvoodoo 10/21/19 03:47:08 PM
#592464   "NOT if AZ is correct in that THEY goodietime 10/21/19 03:42:18 PM
#592463   "The Prospectus was only cancelled for the tradeable goodietime 10/21/19 03:35:54 PM
#592462   Must have been a big wrong doing for johnydollar 10/21/19 03:21:28 PM
#592461   JPM "social behavior" continues to this day. 955 10/21/19 03:12:16 PM