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Mr. Cooper Group, Inc. (COOP)

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Last Post: 10/19/2018 7:00:03 AM - Followers: 1619 - Board type: Free - Posts Today: 16


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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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PlusOneCoin Top Posts
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#539980  Sticky Note I want to attach this post to the Dmdmd2020 10/02/18 01:01:28 PM
#397110  Sticky Note WaMu Seesaws On M&A Speculation fsshon 03/24/14 04:17:07 PM
#543034   I believe that THJMW has already talked to bond-007 10/19/18 07:00:03 AM
#543033   bond, thank you and I would have to Large Green 10/19/18 06:55:59 AM
#543032   I don;t think she said that about the bond-007 10/19/18 06:52:03 AM
#543031   The whole ploy is a stall tactic designed Emptyhead 10/19/18 06:51:41 AM
#543030   bond-007, hope you are correct but the Judge Large Green 10/19/18 06:43:13 AM
#543029   SHe does not have to authorize an appeal bond-007 10/19/18 06:39:45 AM
#543028   Check out this: tanjazielman 10/19/18 05:52:11 AM
#543027   Man,I'm pretty sure people have to do an katekir1234 10/19/18 05:48:23 AM
#543026   Chart ===========> RSI absolutely OVERSOLD JusticeWillWin 10/19/18 02:50:53 AM
#543025   Well so far pretty smart.. jhdf51 10/19/18 02:30:12 AM
#543024   I pity those who earnestly believe anything you hotmeat 10/19/18 02:04:39 AM
#543023   That was also a footnote on page 2 MadBadger 10/19/18 01:50:31 AM
#543022   Time for the ‘know it alls’ on this EscrowDollars 10/19/18 01:20:57 AM
#543021   I agree with your family. jerrylev 10/19/18 01:02:34 AM
#543020   I wonder why COOP is tanking everyday? jerrylev 10/19/18 01:00:31 AM
#543019   So on 11/8. we expect COOP to announce jerrylev 10/19/18 12:55:56 AM
#543015   That meant we would benefit as the Newco's hotmeat 10/18/18 11:25:25 PM
#543014   That idea is not only counterproductive, in that hotmeat 10/18/18 11:13:18 PM
#543013   We will have for review :) Royal Dude 10/18/18 11:10:35 PM
#543012   Yes split no worry they are well Royal Dude 10/18/18 11:07:19 PM
#543011   Exactly...I honestly don't get what these guys post hotmeat 10/18/18 11:04:03 PM
#543010   Royal, Yes, they sold a few shares 35K Split T 10/18/18 11:03:58 PM
#543009   Royal that is quite an eye opener. Dang, Split T 10/18/18 10:54:44 PM
#543008   "Anyone have the hutspa ????? Contact me at WMIHSAFE" Split T 10/18/18 10:40:55 PM
#543005   Stop talking about me. RickNagra 10/18/18 09:16:12 PM
#543004   Not to concerned by them owning only millions garyhalvo 10/18/18 08:47:46 PM
#543003   Mellon sells why ?????? Royal Dude 10/18/18 08:42:15 PM
#543002   Ed Sargent & Parker Folse if everyone will Johnnyiwantsome 10/18/18 08:32:08 PM
#543001   That is great....85 and still going. rockie101 10/18/18 08:01:44 PM
#543000   Fortunately it has not ruined mine, 85 years fwh3334zeke 10/18/18 07:57:51 PM
#542999   This stock has ruin several people on this rockie101 10/18/18 07:54:23 PM
#542998   JB I would not let any stock ruin fwh3334zeke 10/18/18 07:36:31 PM
#542997   Quite frankly your endless whining will never do tzebedee 10/18/18 07:31:39 PM
#542996   not true. JB3136 10/18/18 07:28:46 PM
#542995   It’s a head game. Don’t let them get garyhalvo 10/18/18 07:28:16 PM
#542994   You sir were RUINED before this!!!!!!!!!!!!!!!!!!!!!!You have never BBANBOB 10/18/18 07:26:37 PM
#542993   Darn right they will use their authorized stock gg4 10/18/18 07:25:20 PM
#542992   this saga has destroyed me. it's beyond cruel. JB3136 10/18/18 07:23:22 PM
#542991   All construed thru evil doers.. Imagine that tzebedee 10/18/18 07:21:50 PM
#542990   I’ll take look once I am off my stoxjock 10/18/18 07:17:48 PM
#542989   WMIH/COOP 3rd Quarter 10Q Was Scheduled For 11/08/2018 Large Green 10/18/18 07:13:10 PM
#542987   Look at Pg 8 footnote 68 bil coincidence Royal Dude 10/18/18 07:08:33 PM
#542985   We’ll be $12.00 next week... ie $1.00 pre-split... phu&$@k stoxjock 10/18/18 07:02:28 PM
#542984   The F&r day that never comes. JB3136 10/18/18 06:57:08 PM
#542983   Not "always", just so far. Bizreader 10/18/18 06:48:37 PM
#542982   so so very long. JB3136 10/18/18 06:34:25 PM
#542981   Same here JB3136 10/18/18 06:27:58 PM
#542980   Then why are you here taking up WMIH/COOP fwh3334zeke 10/18/18 06:08:41 PM
#542979   And I'm so glad. rockie101 10/18/18 06:00:53 PM
#542978   If you do not like what is happing fwh3334zeke 10/18/18 05:53:17 PM