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Mr. Cooper Group, Inc. (COOP)

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Last Post: 5/18/2022 10:16:09 PM - Followers: 1723 - Board type: Free - Posts Today: 51

 


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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: Initial Statement of Beneficial Ownership (3) 04/28/2022 01:54:17 PM
COOP News: Quarterly Report (10-q) 04/28/2022 12:08:38 PM
COOP News: Mr. Cooper Group Reports First Quarter 2022 Results 04/28/2022 12:00:00 PM
COOP News: Current Report Filing (8-k) 04/21/2022 05:02:46 AM
COOP News: Mr. Cooper Group Announces Executive Promotions 04/21/2022 05:00:00 AM
PostSubject
#632660  Sticky Note BOARD WARNING: IH Admin [Shelly] 09/04/20 09:56:32 AM
#688646   jb... post your proof Doreens letter was fake...just lodas 05/18/22 10:16:09 PM
#688645   "So I'm sticking with the FACT that it PinkZombie 05/18/22 10:03:54 PM
#688644   Pick, Is this a serious response from you? Too Ron’s jb92106 05/18/22 10:01:27 PM
#688643   The only person that stated that he was PickStocks 05/18/22 09:54:52 PM
#688642   Lodas, Did CWG Give DL His SSN and ron_66271 05/18/22 09:48:13 PM
#688641   Pure insanity. UpTickMeASAP 05/18/22 09:42:28 PM
#688640   Nonsense… and you know it… ~jb jb92106 05/18/22 09:41:01 PM
#688639   Large Green, I certainly agree with your time Split T 05/18/22 09:18:18 PM
#688638  Restored jb.....how do you know it was a fake lodas 05/18/22 09:18:17 PM
#688637   Lodas, Enough with the reference to a fake email jb92106 05/18/22 09:02:49 PM
#688635   COOP Price Desperately Trying To Tell Us Something Large Green 05/18/22 07:59:33 PM
#688634   Has this been the usual for Annual Meetings? goodietime 05/18/22 07:19:25 PM
#688633   If your attending in person, yes...deadline for attendance DarkB4Dawn 05/18/22 07:14:42 PM
#688632   Can we listen to the meeting tomorrow? bumpkin 05/18/22 05:52:57 PM
#688631   Yeah, the big gifting of shares to be PickStocks 05/18/22 04:07:24 PM
#688630   ===>Shareholders meeting tomorrow, Thursday, May 19, 9:00 AM, JusticeWillWin 05/18/22 03:30:00 PM
#688629   dimon s worth between 10 and 12 dollars pm1012244448 05/18/22 02:32:48 PM
#688627   So do we have a breach yet? Bizreader 05/18/22 01:28:21 PM
#688625   Very fast, I am amazed , also because serafino1 05/18/22 12:45:39 PM
#688624   Funny stuff, “JPMorgan Shareholders Reject Jamie Dimon’s $50 PickStocks 05/18/22 12:16:45 PM
#688622   Good morning people , Well the streets are t1215s 05/18/22 11:27:01 AM
#688619   I'm surprised COOP is up today with the JB3136 05/18/22 11:03:08 AM
#688618   I don't doubt that the housing market will PinkZombie 05/18/22 10:40:52 AM
#688617   IDK he could be right, but then again JB3136 05/18/22 10:34:45 AM
#688616   You are amazing. I'm not sure about the PinkZombie 05/18/22 10:29:54 AM
#688614   LOL bond-007 05/18/22 09:31:06 AM
#688613   Chart=======>Unfilled gap between $49.90 and $50.49 JusticeWillWin 05/18/22 09:29:32 AM
#688612   RobinHood is still commission free xoom 05/18/22 09:29:09 AM
#688611   Very interesting BBANBOB 05/18/22 09:08:53 AM
#688610   BS, it was from 2017 and was all JusticeWillWin 05/18/22 08:17:17 AM
#688609   This is about the INCENTIVE plan for the woodstock_guy25 05/18/22 08:09:28 AM
#688608   Nothing interesting, it is all about this "WMI JusticeWillWin 05/18/22 08:07:56 AM
#688607   Mortgage apps down 11% JB3136 05/18/22 08:05:22 AM
#688606   i would like to know AZ thoughts on Petewamu 05/18/22 07:24:27 AM
#688605   The Last of Lehman Brothers, May 18, 2022 t1215s 05/18/22 07:00:49 AM
#688604   How did this work out? This was June 2019 JusticeWillWin 05/18/22 04:56:38 AM
#688603   The assets of WMIIC at the moment of JusticeWillWin 05/18/22 04:42:45 AM
#688602   JWW, So How Much Was WMIIC Worth? ron_66271 05/18/22 04:01:58 AM
#688601   All of WMIIC's assets were transferred to the JusticeWillWin 05/18/22 03:51:28 AM
#688600   How did this Dell deal work out? And JusticeWillWin 05/18/22 03:22:57 AM
#688599   Yep you’re a wiz. jhdf51 05/18/22 02:28:47 AM
#688598   No, but See the Important Document Text. ron_66271 05/18/22 12:51:03 AM
#688593   44 WAMUSHAMU 05/17/22 10:46:50 PM
#688591   Very interesting date. xoom 05/17/22 10:40:08 PM
#688590   14 years for $2.5 ? xoom 05/17/22 10:38:33 PM
#688589  Restored there is going to be about 5 lodas 05/17/22 09:24:05 PM
#688588   Cut and Paste; ron_66271 05/17/22 09:13:27 PM
#688586   Petewamu, Super Thank You. Busy Reading. EOM. ron_66271 05/17/22 09:00:14 PM
#688584  Restored The 2012 Plan took effect on May 22, Petewamu 05/17/22 08:41:58 PM
#688583   We Have Never Seen WMIH/COOP Reveal WMIIC Assets. ron_66271 05/17/22 07:46:42 PM
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