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Mr. Cooper Group, Inc. (COOP)

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Last Post: 5/20/2019 10:47:10 AM - Followers: 1639 - Board type: Free - Posts Today: 17

 


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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) 05/17/2019 06:04:57 AM
COOP News: Statement of Changes in Beneficial Ownership (4) 05/16/2019 06:35:31 PM
COOP News: Statement of Changes in Beneficial Ownership (4) 05/16/2019 06:32:10 PM
COOP News: Securities Registration: Employee Benefit Plan (s-8) 05/16/2019 06:09:45 PM
COOP News: Statement of Changes in Beneficial Ownership (4) 05/13/2019 09:27:31 AM
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PostSubject
#551470  Sticky Note House of cards! Are the underwriters quadruple dipping? Dmdmd2020 12/18/18 09:53:56 AM
#575537   Remember Jamie said publicly that he found 30 Royal Dude 05/20/19 10:49:31 AM
#575536   AND ? What's your point? Why are tzebedee 05/20/19 10:47:10 AM
#575535   Really? Ok. Sounds good tzebedee 05/20/19 10:43:50 AM
#575534   My current ETrade showing about 40k. goodietime 05/20/19 10:37:52 AM
#575533   Schwab shows 595,433 BBANBOB 05/20/19 10:34:30 AM
#575532   Thanks for your comment, Zues_.00100 dragoon76 05/20/19 10:30:50 AM
#575531   EXACTLY !! and thanks for letting that entity dragoon76 05/20/19 10:29:41 AM
#575530   NO!has been anything but enjoyable JB3136 05/20/19 10:14:51 AM
#575529   Enjoy your " FAIR AND REASONABLE" !! zeus_0100 05/20/19 10:13:04 AM
#575528   and so begins another craptastic week of craptasic JB3136 05/20/19 10:08:36 AM
#575527   Live trading on Etrade market caster shows 579,823 traded. rockie101 05/20/19 10:07:18 AM
#575526   Yahoo shows a little over 28K REAL TIME fwh3334zeke 05/20/19 10:04:17 AM
#575525   11 minutes into the day and we've already BBANBOB 05/20/19 09:42:44 AM
#575524   $10 or $20 dollars is not 10 or BBANBOB 05/20/19 09:12:49 AM
#575523   That is not at all true;EC told us katekir1234 05/20/19 07:40:49 AM
#575522   JB People have lives and other things to t1215s 05/20/19 06:51:49 AM
#575521   He sure does and it's impossible to know wowalters 05/20/19 04:16:59 AM
#575520   Not sad double tasking as usual with wife Royal Dude 05/19/19 11:03:41 PM
#575519   You know what’s sad RD? Just us two JB3136 05/19/19 10:55:59 PM
#575518   Ziltch, zippo, nutn JB3136 05/19/19 10:53:43 PM
#575517   Love comes in many forms LOL coming IMO Royal Dude 05/19/19 10:50:33 PM
#575516   Zip Nada JB3136 05/19/19 10:47:16 PM
#575515   Buried in the best ready for distribution 5 Royal Dude 05/19/19 10:43:21 PM
#575514   Has nothing to do with us RD JB3136 05/19/19 10:37:05 PM
#575513   DESCRIPTION OF COMMON STOCK Royal Dude 05/19/19 10:29:03 PM
#575512   Any reason to believe good week ahead or JB3136 05/19/19 10:04:54 PM
#575511   It would stand to reason JB3136 05/19/19 09:49:22 PM
#575510   CSNY hasn't posted on other message Board since Nightdaytrader 05/19/19 09:48:46 PM
#575509   Yes you are right and everyone else is tzebedee 05/19/19 09:42:57 PM
#575508   Wow fhat is lol! tzebedee 05/19/19 09:38:46 PM
#575507   Thats right! We were all always wrong and tzebedee 05/19/19 09:36:41 PM
#575506   It's easy it is at JPM in the Royal Dude 05/19/19 09:20:50 PM
#575505   Wow! You just offered to put up $10,000 vodkadejour 05/19/19 09:04:13 PM
#575500   Tomorrow is May the 20th, 2019 JB3136 05/19/19 08:11:21 PM
#575498   That’s great TPS is in class 19. PickStocks 05/19/19 07:57:46 PM
#575497   TPS argued that the conversion to preferred never jerrylev 05/19/19 07:57:37 PM
#575496   That's strange since they've been doing a perfect hotmeat 05/19/19 07:52:26 PM
#575495   Not sure where you are getting your info hotmeat 05/19/19 07:23:57 PM
#575494   Yeah, what about tps staying in 18 and PickStocks 05/19/19 07:08:10 PM
#575492   Oh no, the elusive final payment is as jerrylev 05/19/19 05:59:51 PM
#575490   Agree Olti, we need more than a petition. Royal Dude 05/19/19 04:42:18 PM
#575487   Win Win Win IMO Royal Dude 05/19/19 04:37:19 PM
#575486   "510(b) is an over-funded Claim and is the goodietime 05/19/19 04:31:29 PM
#575485   Exactly , when taken into Bankruptcy, a solvent Royal Dude 05/19/19 03:59:01 PM
#575484   TOO BIG TO HIDE tzebedee 05/19/19 03:42:55 PM
#575481   Yes they do have more rights than the hotmeat 05/19/19 03:17:30 PM
#575480   Minimum $86B plus interest will be paid to wowalters 05/19/19 03:12:46 PM
#575479   Of course in a bankruptcy or seizure, everybody jerrylev 05/19/19 03:05:39 PM
#575478   The DIF is to secure Customers Deposits in hotmeat 05/19/19 02:42:56 PM
#575477   hot, I believe at their, FDIC, last notice, goodietime 05/19/19 02:39:23 PM
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