Mr Cooper Group Inc (COOP)

[lodas]

killinger should have taken the 8 dollars per share as that was the best offer he could get at the time...actually, had Killinger taken the money an folded WAMU into JPM, the old shareholders would have suffered no losses as the capitalization of both banks would have gone off the charts... as it was, JPM got WAMU for free by killinger not accepting the 8 dollars per share offer... Killinger was in no position to barter as he was on the ropes and the FDIC was starting to breath down his neck... if Killinger would have accepted the 8 dollars per share, you would have suffered no loss in value for your positions...as it was, WMI cancelled the preferred interest when they were converted to equity, and abandoned.... Lodas

[Royal Dude]

Guess what this is connected to: LMAO :) Washington Mutual???? Always thought thi is where the 176 Billion is coming from? AWRIX thought the These Large Portflio were desighed for part of our value for legacy. Now being used in the DTCC. Money or assignment of value is being used and will be hidden on April 11th.

"Effective April 11, 2024, the following firm will be deleted as Sponsored Member of the Government Securities Division: State Street Bank and Trust Company is the Sponsoring Member for these firms. Please note that only the designated Sponsoring Member is authorized to submit transactions against its Sponsored Members. Questions regarding this Important Notice should be directed to your DTCC Relationship Manager. Symbol Fund Name AWRIX American Century Variable Portfolios, Inc. - VP Growth Fund
https://www.capitalgroup.com/individual/investments/fund/awshx

https://res.americancentury.com/docs/Growth_vp_summary_1200_nc.pdf

https://www.capitalgroup.com/individual/investments/fund/awshx

https://www.americancentury.com/invest/funds/?t=perf&shareClass=investorClass&type=ETF&type=Mutual+Fund#

[newflow]

PIG offered $8/share which was rejected by WMI in 2008.Do you remember "Project West"?.

[t1215s]

Ok I don’t usually get involve ,but! American Dream Downpayment Act of 2003 When you give any business more loopwholes regardless and when everybody issss/was doing it ,jump in the waters fine was their moto AND OPEN THE DOOR TO THE HAVE NOTS OR THE FOOLISH ,hence I blame US.GOVT 99.9/10 % imo. My down fall was trying to catch the dot comes MID STREAM in 2000, OUCH MY BUTT STILL PUCKERS UP EVERY LONG ONCE IN A WHILE WHEN I GET FLASHBACKS AND THINK ABOUT BACK THEN
😳😂 No debating AIMHO.
GoGooooooCOOP
Have a great weekend people-Ts 😉

[JusticeWillWin]

LATEST $COOP PPS targets===>DEUTSCHE BANK👉$88, Piper Sandler👉$88, UBS👉$86, Wedbush👉$85, KBW👉$81, Barclays👉$80, Compass Point👉$76

[lodas]

my friend was in the real estate business writing liar loans to aliens from across the border and lived in a million dollar house in Chino, calif. during the runnup to the 2008 financial crisis.... needless to say he lost it all when it went bust, his house and savings, and now lives with his sister drawing social security....I went to many house parties at that time, and he was living high off the hog...too sad, and to this day, he never expressed remorse for his actions...Lodas

[UpTickMeA$AP]

Exactly.

But they don't care... Everybody in that game got rich during the years before the crash. From the top executives, all the way down to the moron loan officers. I saw kids fresh out of high school, driving Mercedes, having a million dollar home.

Nobody feeding off the madness wanted it to end, and many refused to believe it was coming to an end.

The smart ones are still rich today from that insanity.

Unfortunately, when people get rich, somewhere people are getting poor. Unsuspecting shareholders of these players, got slaughtered.

It's mind blowing that a few are still in denial about it, and to this day, still expect to get rich off it.

Money does strange things to people.

[lodas]

blame killinger and the BOD for running WAMU in the dirt...the US law had nothing to do with the corporate actions taken to deliberately sell chicken sh&t HELOC loans against rising equity values during the 2008 financial crisis....Lodas

[go_wamu]

....11 years nothing speaks volumes ...

....nothing for 11 years shows the weakness of the US law only, if someone can afford hundreds of lawyers!

[955]

Truth be told. CRA, subprime, no-doc, alt-A madness. Deliberate and intentional. They knew exactly what they were doing. Sabotage.

[JusticeWillWin]

>>>>>>>Mr. Cooper Group Inc. to Discuss First Quarter 2024 Financial Results on April 24, 2024

https://www.businesswire.com/news/home/20240404446961/en/Mr.-Cooper-Group-Inc.-to-Discuss-First-Quarter-2024-Financial-Results-on-April-24-2024

[BBANBOB]

Coops is up nicely in PRE MARKET

[t1215s]

Good morning people, Considering yesterday's market numbers IMO. COOP-OTIS done did good 😉(The FI's took a little smack) YUCK!!!, Lets see where we go today as of this post the market seems in favor of a little up-movement,But who knows later with the unemployment numbers do out
(Edit) market up 140pts)

GoGoooCOOP
Time to hit the gym
The diet issss done, off to the Club later today-cocktails and dinner😉
Have a great weekend people GLTA-Ts

[newflow]

LIBOR litigation is not a joke.Yale got some $780 million imagine FDIC-R claims?.Due to LIBOR manipulation WMB borrowing was under pressure and it also helped for its collapse.

[mikepgator]

Mr. Cooper Group Inc. to Discuss First Quarter 2024 Financial Results on April 24, 2024

[mikepgator]

https://stocks.apple.com/AXBxhWo-ZQICCOplnVVEzDA

[Royal Dude]

The FDIC will take care of the rest.

[Royal Dude]

ASAP This summer, JPMORGAN took care of the rest of the $ last summer with the 1st Republic. I can't believe I am feeling sorry for you, not

[lodas]

yoiu are not a shareholder anymore, because your prior values i WAMU, and WMI were abandoned as a result of the GSA negotiations which resulted in WMI being able to exit chapter 11 with 6.5 billions and 5.89 billion in NOLS, in settlement for the 20 billion dollar claim against the FDIC.. WMI was able to negotiate over 12 billion dollars in recovery of the 20 billion dollars they tried to sue the FDIC for, but failed, as the case was thrown out of court for lack of substantiation, and proof...all dividends to preferred were deemed null and void because the claims were backed by UNSECURED LOANS......Long Beach Mortgage was writing gobs of HELOCS on rising equity home values that went sour during the financial crisis when many homeowners went bankrupt.... my tenant who rents one of my apartments went to Las Vegas in 2010 and bought 5 homes... the banks were giving them away at 50,000 dollars a piece... they had been listed at a value of 350,000 dollars before the 2008 financial crisis!!!!!!!!... so he got 5 , 350,000 dollars homes for 250 ,000 dollars.... he was renting them out for more than what the loan on them was worth... today he is a millionaire....timing is everything...someones loss, is your gain in financial matters..... nothing is coming back from the chapter 11 now closed......common sense, use them, they work!!!!!....11 years of nothing speaks volumes... Lodas

[UpTickMeA$AP]

You are misrepresenting the derivatives as a tool that covered all losses, like you misrepresented so much. Hence, the reason you lost, and the reason wamu shit on itself. They took advantage of the situation, and wrote an insane amount of pure junk.

You won't ever see another dime here.

Maybe another 15 years of failure will open your eyes.

[ron_66271]

The Community Reinvestment Act…

required the banks to make loans to unqualified applicants.

Thanks JC and BO.

Banks like WaMu recognize the risk and helped create the ABS/RMBS market.

Now the Banks like WaMu loan risk portfolio is even lower because now the losses are covered by the insurance policies of the Derivative insurance contracts.

Therefore;
No losses to the loan holders (ABS/RMBS).



Ron

[dm57]

I’m here because I believe I will be paid. If I didn’t believe - I wouldn’t be here

[b3]

I am here because I own a lot of COOP stock. I also signed releases. Just because I have to see documentation and real proof, you now question me?
The real question is WHY are you here??

[BigBang]

To help us believers to see the light that nothing is coming back to escrows! A futile goal!

[BigBang]

Your own personal opinion doesn't mean anything

I’m glad you brought that up. Please keep that in mind!

[BigBang]

Now that is a good question. I was wondering exactly the same thing. And why do they need to be destroyed? Shouldn’t those boxes be retained until the FDIC closes the receivership?

[UpTickMeA$AP]

They weren't even sacrificed "unfairly"...

Washington Mutual was one of the absolute worst offenders of writing EXTREMELY bad loans. The No Income No Doc kings. I could write loans for a person's pet using wamu.. Sparky could legit own 4-5 homes.

18 years ago, I worked both as a loan officer, during the boom, then switched to Recovery during the bust.

I both wrote WAMU loans, and also worked recovery on them.

They were soooooo bad.... Hundreds of billions of pure shit. They dug their own grave. The run was valid.

Sheep in denial, are just that.... Sheep in denial.

[b3]

But you really don't get it Bob. Just because we were unfairly sacrificed in 2008 and many on here are angry. That does not mean that anything more will be ever be coming back to us. Sorry for me, and everyone. Your own personal opinion doesn't mean anything WITHOUT documentation!!! If Billions were coming back, everyone would hear, read, and talk about it. Nothing is going on.............

Ban Bob Forever!!!!!!!!

[PickStocks]

C’mon man they are trying to pump themselves up….so what they have been wrong for years….what is one more year……cactus still getting his imaginary distribution….frim his imaginary friends….Doreen…so funny it is only one sided…

[UpTickMeA$AP]

Let's also reflect on the fact that what you've always said....for 15 years...

Has never been correct.

Lazy, and sloppy foolish fantasyland nonsense.

More research, less babbling. Much needed.

[BBANBOB]

I get it
I've always said WAMU was sacrificed to save JPMC and the worlds economy OK BUT NOW YA OWE US SOMETHING FOR THAT.

BUT YA OWE USSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSS

But the question is DOUBLE WHAT DR "A: 86 bill or the 299 outside the pie chart or the 635 bill we had in loans in force at the time, which when paid out would have been about 2 times that amount

[ron_66271]

Double Works For ME.

We released JPM for “Willful Misconduct” for a reason.


Ron

[BBANBOB]

JWW

CARE TO SPLAIN THIS or just ignore it

""I still have a problem with the company suggesting this has an intrinsic value of a billion $$$ but, it seems to be missing from their books""

[BBANBOB]

JUST A KOWINKIDINK RIGHTTTTTTTTTTTTTTTTTTTTTTTTTTTT

anyone wonder what is in allllllllllllllllllllllllllllllllllllllllllll those other boxes

HHHHHHHHHHHHHHHHHMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM

[newflow]

https://casetext.com/case/in-re-libor-based-financial-instruments-antitrust-litigation-2 IN 2019

[BBANBOB]

JWW

"" like a sale or spin-off,""

BY WHOM
I still have a problem with the company suggesting this has an intrinsic value of a billion $$$ but, it seems to be missing from their books

[JusticeWillWin]

SIGNIFICANT PPS MOVE for COOP coming soon IMO! Successful monetization of XOME, like a sale or spin-off, or any other great NEWS! BTW the could already have reached their $1 TRILLION UPB goal in MSRs by now.

[BBANBOB]

955

IMHO the 41.6 is the closest we will get to RICO !!!!

NOW imho there will be financial considerations given imho for the 41.6 but seriously doubt they will be any where near treble damages

[sillyinvestor]

"Please share your reason for slowed posting behavior."

Although I am not one you were most likely referring to, maybe it's because everything HAS been said for 16 years?

[955]

FDIC on behalf of 20 failed banks and Freddie Mac suing 16 big banks over 400 billions on libor manipulation between 2007 to 2023. The latest news is that taking depositions ended today. FDIC asked judge no more deposition is needed. It seems they have enough evidence and witnesses to get billions of dollars from 16 big banks . several bankers have gone to jail in UK. It is perceived that big banks will settle rather than going to court. It has been said between 100-200 billion will be the amount of settlement. How much of that will go to Freddie and I believe some money will go to FNMA because of libor manipulations Freddie and FNMA lost billions of dollars.

- Posted by fdicr on FNMA board

[vodkadejour]

There's a fascinating posting culture on this board, probably typical of other finance boards, but still mysterious.
The current situation we find ourselves in is such:
-A strong percentage of regular posters believe payment re escrow markers is very imminent.
-While this has happened a couple times a year for the last 15 years, reading the latest posts I would classify the mood this time as "very sure", probably in the top 5 of roughly 30 such instances in terms of the general posting crowd's surety of payout.
-As such one would expect non-stop posting from all different members about all different aspects of what is to come or what may be, after all there is sometimes non-stop posting about much less exciting developments.
-Yet, mysteriously, a bit of a quite has developed. If you calculate how many posts per hour at various different times or events, right now is surprisingly slow if you consider many posters are imminently expecting an event, and as a psych person I find that fascinating. So whats the reason? I see three possibilities:
1. Everyone is so sure of payout there's not much more to say, but just sit and wait for it to manifest.
2. Subconsciously there is reasonable trepidation that this is another disappointing false alarm and everyone is holding their breath.
3. A combination of 1 and 2.

As I am less a contributor, and more an observer of behavior of the posters here, I'd love to hear from you all, those who often post 30 times a day, every day, but now are less active. Please share your reason for slowed posting behavior.
TIA
Vodka

[955]

Settle’s the Final Valuation for WMB and it’s Assets for JPM to pay.
Plus 41.6 “Willful Misconduct”.

RICO awards?

[t1215s]

Good morning people, Glad to see the COOP-OTIS is going up today as of this post 😉

GoGoooooCOOP
Have a great dat -GLTA-Ts

[955]

What a novel concept!

[955]

Hope you're right. We're certainly overdue. Hopefully LIBOR is not just another slap on the wrist. Time to bring an end to Eric Holder days of time out.

[lodas]

interest on your preferred was declared null and void 11 years ago... sink back in the foxhole and take a nap.... Lodas

[cookacrook]

Hello guys, just wanted to raise my helmet on a stick from dug-out position 8242, eroded shirt colors, but still fully operational. I want to get Jamies axx served on a sliver plate with full face value plus 16 years of missing interest payments.

Solar Eclipse on April 8th would fit to depositions and an obscure merger...

[JusticeWillWin]

👉👉👉"...our STRATEGIC FOCUS is now SQUARELY on RETURN ON EQUITY..."

...said the COOP BOD at the last earnings call

See: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173821650

[rwdutch]

F&R along with an eclipse ! Are the stars lining up?

[stoxjock]

Great News, Thanks for sharing...At Least I like the Fact that the Judge has denied any extensions and ordered that tomorrow is the last Date by which Discovery has to be completed...Hopefully, WaMu escrow-holders get some of the "F&R' promised, from whatever FDIC recovers in this LIBOR litigation...