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Mr. Cooper Group, Inc. (COOP)

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Last Post: 5/8/2021 12:40:10 AM - Followers: 1708 - Board type: Free - Posts Today: 1


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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

Current Price
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COOP News: Mr. Cooper EPS beats by $3.55, beats on revenue 04/29/2021 07:11:34 AM
COOP News: Quarterly Report (10-q) 04/29/2021 07:06:24 AM
COOP News: Current Report Filing (8-k) 04/29/2021 07:02:57 AM
COOP News: Mr. Cooper Group Reports First Quarter 2021 Financial Results 04/29/2021 07:00:00 AM
COOP News: Mr. Cooper Q1 2021 Earnings Preview 04/28/2021 02:23:28 PM
#632660  Sticky Note BOARD WARNING: IH Admin [Shelly] 09/04/20 09:56:32 AM
#656175   Night......Thanks, and I appreciate your reply to my post....Lodas lodas 05/08/21 12:40:10 AM
#656174   Seriously? You think all these delays are Nightdaytrader 05/07/21 11:22:56 PM
#656173   The following topic is open for discussion: lodas 05/07/21 10:40:50 PM
#656171   Perfect cup today.. I'll take it as a tzebedee 05/07/21 09:41:13 PM
#656170   Good luck on that one... so many variables Sunnybank 05/07/21 08:59:37 PM
#656169   Hi AZ, while we wait, it’s fun to speculate. xoom 05/07/21 07:37:20 PM
#656168   You just got ripped off PickStocks 05/07/21 04:50:23 PM
#656167   Here is the explanation page when you get drynoodle 05/07/21 04:27:00 PM
#656166   For legal reasons, any entity out of business boarddork 05/07/21 04:17:04 PM
#656165   Again ~116k and ~63k trades after-hours JusticeWillWin 05/07/21 04:11:58 PM
#656164   Night....what do you mean come on man?......Banks raise lodas 05/07/21 04:11:26 PM
#656163   Thanks. drynoodle 05/07/21 04:09:43 PM
#656162   Trust Good Standing Planet Paprika 05/07/21 04:06:38 PM
#656161   Banks raise money all the time and they Nightdaytrader 05/07/21 03:57:37 PM
#656160   LuckyPanda, Here is some info for you. I, like drynoodle 05/07/21 03:56:34 PM
#656159   Good luck with that..... PickStocks 05/07/21 03:39:17 PM
#656158   "...almost under any scenario, tangible book is going JusticeWillWin 05/07/21 03:16:29 PM
#656157   nova.......Banks sell bonds when interest rates are low, lodas 05/07/21 03:06:18 PM
#656156   As I said before, get your "facts" straight. JusticeWillWin 05/07/21 03:04:47 PM
#656155   Le bubble tzebedee 05/07/21 02:51:42 PM
#656154   We need to see a change in command, cura asada 05/07/21 02:32:06 PM
#656153   Banks are selling bonds which get settled by novascotiaSTS 05/07/21 02:05:47 PM
#656152   As AZ has stated you have to read PickStocks 05/07/21 01:03:02 PM
#656151   Oh yeah money is just moving around every PickStocks 05/07/21 01:01:53 PM
#656150   preposterous. JB3136 05/07/21 12:50:25 PM
#656149   LOL....RD has been 1000% correct about money MOVING diamondguru-one 05/07/21 12:47:49 PM
#656148   they are raising money because they think they diamondguru-one 05/07/21 12:46:01 PM
#656146   How do you know the Cap trust still Unicorns r Clowns 05/07/21 12:14:24 PM
#656144   I voted no! woodstock_guy25 05/07/21 11:50:01 AM
#656143   JWW, serafino1 05/07/21 11:40:06 AM
#656141   While they are not including bonuses yes the PickStocks 05/07/21 11:34:29 AM
#656140   You have literally made hundreds of these „predictions“ novascotiaSTS 05/07/21 11:31:55 AM
#656139   $COOP is a rigged joke. JB3136 05/07/21 11:24:06 AM
#656138   Increases to CEO Compensation Might Be Put On Planet Paprika 05/07/21 11:23:08 AM
#656137   How often is this posted here? BlackVoodoo 05/07/21 11:13:15 AM
#656136   Yeah big money coming back may 12 big PickStocks 05/07/21 11:05:47 AM
#656135   Well, Don't know about his 'MOMO Trading' but stoxjock 05/07/21 11:00:39 AM
#656134   RoyalDude.....with all due respect for your diligence in lodas 05/07/21 11:00:00 AM
#656133   Look at the ASK and the MMs! Also, woodstock_guy25 05/07/21 10:57:55 AM
#656132   If so, then it reconfirms how this Geo serafino1 05/07/21 10:56:40 AM
#656131   Imo, the Cooper group 10Q's are the cura asada 05/07/21 10:55:24 AM
#656130   Issssssssssssss ole Cactus Momo trading these days Hmmmm? t1215s 05/07/21 10:45:31 AM
#656129   it's completely rigged managed $COOP has unperformed after JB3136 05/07/21 10:43:22 AM
#656127   BBAN.....The Fed is in the hole bigtime now lodas 05/07/21 10:40:32 AM
#656126   Woody If IF IF ya want to understand JUST BBANBOB 05/07/21 10:07:45 AM
#656125   ~ Hey, There's ZERO Wrong With Adjusting Positions, AZCowboy 05/07/21 09:59:22 AM
#656124   Could the markets wants nothing to with a PickStocks 05/07/21 09:35:39 AM
#656123   MEMX and BATS 4 minute trades sent to SEC woodstock_guy25 05/07/21 09:34:56 AM
#656122   BID and ASK spread: woodstock_guy25 05/07/21 09:32:57 AM
#656121   LATEST $COOP price targets: Wedbush==>$43, Credit Suisse==>$41, Pi JusticeWillWin 05/07/21 09:31:38 AM
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