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Mr. Cooper Group, Inc. (COOP)

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Last Post: 12/4/2020 6:25:34 AM - Followers: 1692 - Board type: Free - Posts Today: 4

 


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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) 12/02/2020 09:13:12 AM
COOP News: Mr. Cooper Group Inc. Announces Pricing of Offering of $650 Million of Senior Notes 12/02/2020 07:00:00 AM
COOP News: Amended Statement of Beneficial Ownership (sc 13d/a) 11/20/2020 04:44:52 PM
COOP News: Initial Statement of Beneficial Ownership (3) 11/20/2020 04:41:23 PM
COOP News: Current Report Filing (8-k) 11/12/2020 07:01:38 AM
PostSubject
#632660  Sticky Note BOARD WARNING: IH Admin [Shelly] 09/04/20 09:56:32 AM
#640601   When has he not?? vodkadejour 12/04/20 06:25:34 AM
#640600   These dividends will never be happen IMO. Dividends BlackVoodoo 12/04/20 03:23:45 AM
#640599   Wait until you see what is coming. It jhdf51 12/04/20 12:51:34 AM
#640598   Just watched on NTD on YouTube (because the stoxjock 12/04/20 12:14:00 AM
#640597   Dead on. It is being handled. The boys wowalters 12/03/20 11:11:01 PM
#640595   Thanks, Royal garyhalvo 12/03/20 09:09:08 PM
#640594   Where did that come from yes it will come Royal Dude 12/03/20 08:14:44 PM
#640593   If there is nothing coming back to escrows. austin01 12/03/20 08:10:34 PM
#640592   "It's either BR et al was telling the Royal Dude 12/03/20 08:07:54 PM
#640591   Once the REITs are available they must distribute Royal Dude 12/03/20 08:02:59 PM
#640590   IRS rule for end of year. 90% rule. garyhalvo 12/03/20 07:37:15 PM
#640588   Wish I had your confidence in this dividend hotmeat 12/03/20 07:15:31 PM
#640587   90 percent of what? Interest for 51 quarters? Bill48 12/03/20 06:52:29 PM
#640586   I want December first to see if that garyhalvo 12/03/20 06:19:18 PM
#640585   I want to see how this ends in March. footballref-8541 12/03/20 06:03:32 PM
#640584   I am not looking for the billions but PickStocks 12/03/20 05:41:39 PM
#640583   yes I still believe this will be our Royal Dude 12/03/20 05:40:34 PM
#640582   Hey You guys Are actually sounding positive!!!!! Dmceng4 12/03/20 05:29:22 PM
#640581   They have no escrow markers. Is that simple! mufa 12/03/20 05:19:24 PM
#640580   Sour Grapes.. they didn’t sign releases testdaduda 12/03/20 05:16:46 PM
#640579   Why do some people on this board try Thundergulch 12/03/20 05:13:19 PM
#640578   RD you still feeling this could be our diamondguru-one 12/03/20 04:42:09 PM
#640577   So would I and every other so called hotmeat 12/03/20 04:41:46 PM
#640575   Repost: BOD statements why COOP is UNDERVALUED JusticeWillWin 12/03/20 02:30:14 PM
#640572   Look I would love for this to happen. PickStocks 12/03/20 01:21:56 PM
#640571   Focus man. Nothing personal, really. New investors Bizreader 12/03/20 01:02:10 PM
#640569   The Pied Piper is leading the "loyal" ever hotmeat 12/03/20 12:57:06 PM
#640568   This community process, almost like translating runes, requires Bizreader 12/03/20 12:56:22 PM
#640566   Exactly it puts them in the same room, Royal Dude 12/03/20 12:52:36 PM
#640565   Instead of repeating info that's long been public hotmeat 12/03/20 12:52:19 PM
#640564   Agreed. Definitely a good restructuring move by, and for UpTickMeASAP 12/03/20 12:51:43 PM
#640563   Again, this is for business at hand for PickStocks 12/03/20 12:34:52 PM
#640562   ~ LOL Biz, You Were Reading My Mind AZCowboy 12/03/20 12:19:03 PM
#640560   Thank you for saying. Bizreader 12/03/20 11:54:23 AM
#640559   ~ The Fundamental “Differences” Between Tomorrow’s Debt Offering, AZCowboy 12/03/20 11:44:17 AM
#640557   $27.085, still low volume, next leg up soon? JusticeWillWin 12/03/20 10:51:28 AM
#640556   expect nothing, never be disappointed. JB3136 12/03/20 10:51:08 AM
#640555   Good morning people, Theres a little battle going t1215s 12/03/20 10:35:59 AM
#640554   not about amount just about time and players Royal Dude 12/03/20 10:25:34 AM
#640552   Yes, there was suppose to be a “TELL”, PickStocks 12/03/20 10:17:24 AM
#640551   Yep $27 12/03/20 10:08:41 AM
#640548   Could be but at least there is a Royal Dude 12/03/20 10:01:32 AM
#640547   Probably just another administrative formality like the last hotmeat 12/03/20 09:55:50 AM
#640546   Wasn't something supposed to happen at $27.30??? hotmeat 12/03/20 09:48:42 AM
#640545   They are the lucky ones because they wont hotmeat 12/03/20 09:47:12 AM
#640544   Are these ....K's? $27 12/03/20 09:46:58 AM
#640543   Something is happening Thanks Night Royal Dude 12/03/20 09:42:49 AM
#640542   Tracking of historical debt originally owned by wamu. PickStocks 12/03/20 09:35:04 AM
#640541   US Mortgage Applications Soar 28% During Thanksgiving Holiday JusticeWillWin 12/03/20 09:26:43 AM
#640540   Chart========>PT ~$31.50 after BREAKOUT of Inverse Head & JusticeWillWin 12/03/20 09:13:56 AM
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