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Any idea how much they were paying KKR.
No fat finger, but a VERY SMART INVESTOR ...IMO
I know… did you see that fat finger trade on Friday?
COOP doesn’t own legacy P preferred assets. WMIH owns COOP, and WMIH separately owns P preferred assets.
COOP (frmrly nationstar) can’t own P preferred assets without paying for it…and I don’t know if that’s even ever gonna be on the menu. P preferred assets are instruments for WMIH (legacy WMI) benefit. Remember that’s how WMIH paid KKR’s preferreds A & B among other things. But KKR has been paid off years ago, and WMIH’s P preferred managing sub, has been storing the income ever since.
running off at the mouth as usual!!!!.... what courts , banks, governments, and FDIC is corrupt?....WAMU failed because Kerry Killinger and the BOD ran it in the dirt with billions in Loans, and HELOCS, who were not qualified to get loans from banks, so WAMU engaged in creating SUB -PRIME LOANS to unqualified lenders....blaming everyone but yourself is cowardly....you are to blame for your losses because you did not bother to read any documents, but listened to AZCowboy, L.G. and others who have failed to deliver on their promises that money is coming back... you are not entitled to jack s***t because your equity values were cancelled, along with the preferreds.... Lodas
Xoom, you think P owners will allow Coop to utilize assets without Ps getting paid? Aint gonna happen.
Maybe they could issue new Ps but that looks unlikely.
This is far more complex. Its not a simple calculation to the benefit of commons.
Nothing in this case is certain, but this is undoubtedly the closest we have come to seeing an escrow payout. In fact, several.
My concern is the corruption of the courts, banks, government, and Fdic. We are up against grave corruption.
Having said that proceed with caution until funds appear in your account. I'm not holding my breath. But I do like our chances at this time. I have particular confidence in Judge Buckwald that she will do the right thing.
Coattails
Xoom
how many more buckets will be coming to UQ ?
would you mind naming them, and putting behind each
one your estament on our return. ( $$ )
thanks kindly
J&J'
Yes $1.5 per UQ legacy but only for this bucket via new COOP shares.
Please see calculation in post below :
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174276840
Zoom you are saying $1.5 per uq legacy !
Is that $1,50 / per share or some other figure for uq legacy?.
help me out.
thanks
So if you revealed the soon….it is considered insider knowledge……..you have insider knowledge of the “soon”….just as you claim you are friends with Doreen and Gallagher……and part of the inner circle….you say this to continue putting a carrot in front of your followers……no insider information has been given to you….this is just too laughable and complete BS…..
Yes Nova...i will contact both COOP and IRS too in regards to the IRS form filed by COOP about former equity receiving Liquidating Trust Interests INEXCHANGE for the ASSETS transferred to WMI Liquidating Trust.
That is because Coop is the Tell….watch it rise…
I know… did you see that fat finger trade on Friday?
Yet still no news of any predictions coming true…
Yet your “soon” could be years!!!!! While coop is the tell and has been ever since you sold at 50.00 and stated coop was no longer the tell…..we could be above 80.00 and rising….
Roger that JWW... not for nothing but I like the $85 as a minimum of the group.
AIMHO, STRIKE
LATEST $COOP price targets==>Compass Point:$95, Piper Sandler:$88, DEUTSCHE BANK:$88, UBS:$86, KBW:$86, Barclays:$85, Wedbush:$85
But seriously with shares, Libor, and more coming yikes. Happy days on the way.
AZ wow, multitudinous posts today!
Did Alice buy you a tall cappuccino this morning?
LOL
But seriously with shares, Libor, and more coming yikes. Happy days on the way.
~ LOL', WMIH / COOP(s) version of ... "rip-van-winkle" ... LOL' go bk to sleep ~
n' take 36k etc., along with ... LOL
just sayin'
AZ
WMIIC
WMIIC does not currently have any assets or operations and is fully eliminated upon consolidation. Prior to September 26, 2008, WMIIC held a variety of securities and investments; however, such securities and investments were liquidated and the value thereof distributed in connection with implementing the Plan.
Competition
Upon emergence from bankruptcy on the Effective Date, we had no operations other than WMMRC’s legacy reinsurance business with respect to mortgage insurance which is being operated in runoff mode and we have not written any new business since September 26, 2008. Because WMMRC’s business is in runoff mode, we currently have no competitors in that line of business. However, because we are pursuing an acquisition strategy and competition for acquisitions generally has increased, we will compete for acquisition opportunities and some of those potential competitors for such opportunities are substantially larger and have considerably greater financial, technical, and marketing resources than we do.
Government Regulation
We are subject to the regulations of the Securities and Exchange Commission (“SEC”) and the Insurance Commissioner of the State of Hawaii. We are also subject to the accounting rules and regulations of the SEC and the Financial Accounting Standards Board. Any of these laws or regulations may be modified or changed from time to time, and there is no assurance that such modifications or changes will not adversely affect us.
Compliance with laws, regulations and standards relating to corporate governance and public disclosure, including the Sarbanes-Oxley Act of 2002, and new regulations enacted by the SEC, are resulting in increased compliance costs. In addition, during the bankruptcy, WMI adopted so-called “Modified Exchange Act Reporting” under the SEC Staff’s Legal Bulletin No. 2 (“SLB 2”). Upon emergence from bankruptcy, WMIHC continues to rely upon the guidance set forth in SLB 2 and we have filed and will continue to file the Exchange Act periodic reports for all periods that begin after the Effective Date of the Plan. Compliance with different or evolving standards will result in increased general and administrative expenses and may cause a diversion of our time and attention from revenue-generating activities to compliance activities and could subject WMIHC to sanctions or investigation by regulatory authorities.
so, AZC.... are you saying that WMIH is reporting outside the SEC requirements, when this link to the WMIH 10-K says otherwise?......this link is from the 2013 SEC 10-K filing by WMIH.... look it up......
~ Hi XOOM, well in my opinion ?, COOP(s) squaring away of the necessary return to the original 100million shares, ? ? ? ~
is the reason why, I believe that COOP needs to go first' ... reconstitute the 36million shares, and simultaneously' maintain the pps above $50.00 ... then there would be other considerations' ... interest accumulated and still owed, etc. etc. ... "napkin math" so to speak ... I simply believe that it will ultimately be ... "Fair and Equitable" ...
I'm just a very happy cowboy, watching this finally coming together and I'm VERY GLAD that I DID NOT Drink any of the coffee flavored Kool-Aid, and as recommended and asked to consider the voting package inserts promoting that everyone, NOT to vote' NOT to Participate in the Judges Plan, while those inserts, and their directions to NOT Participate in the Plan WERE Promoted by bop' ... glad I didn't pay attention and ALSO glad I bought WMB Notes' after the Reorg and Before Globic Settled' ... which were all also discouraged at the time LOL' ... go figure ... and added, then in 2019', the failed attempts "filed" to once again, attempt to disrupt the plan, Thankfully ALL ALSO Failed', ... ! ! !
just sayin'
AZ
Hi AZ, speaking of ‘reasonable’ , what in your personal opinion or SWAG , would you consider ‘reasonable’ for a legacy UQ ?
Just for the record, the $1.5 ish per legacy UQ accomplished with the 36 million COOP new shares, is no way ‘reasonable’.
TIA
AZCowboy, please eat some German Schnitzel and friend potatoes for me :>)
They are soooo good. Have fun.
ND9
~ Oh and Added JustNormal, ... Contrary to numerous postings, by a few ad-hoc groups, ... NationStar and its Subs, Were "Acquired" by WMIH, in between July and October of 2018' ... NationStar, was earmarked to be the Company's SEC "registrant" Reporting with only ONE Operational Sub ... NationStar LLC. ... Xome', was also acquired, but Xome Is Never Listed in a COOP 10-K ... because merely a portion of what was acquired back in 2018' is being used for SEC reporting allowances, ... For the last 6 years (ish) Only LLC, the Loan Servicer was necessary, Now' Things Are Changing ~
also, contrary to ad-hoc group postings, ... the WMI Pre-BK and Post Reorganization, ... "Preferred Managing Sub" ... can very easily be reviewed on the SEC site, with the accounting revealed of BOTH, the Cash In and the Cash Out ! ! ... openly SEC reporting for many, many years, well Beyond the 2012 Reorganization ... so, NO Nothing was cancelled as there are those that continue to profess this' ... only the WMI Holding Company's wmi-lt completed its Court Ordered functions, and has Now' shut down ... (verified)
anyhew' Have A Nice Day
just sayin'
AZ
~ Hello JustNormal, a well known WMI / WMIH / COOP Long Time Participant', ... and You Are More Than Welcome ! ! Yes, I believe that WE will all be treated in a "Fair & Equitable" Manner, "COOP" is now on deck, and prepared to begin the party', using its 36 million shares, now Bought Back' ~
the word used so flippantly, "reasonable" is NOT Applicable ... everyone's opinion of "reasonable" could never have been accomplished.
I'm still considering a part time flat in Garmish, and I just visited the Duaco' in Milan and looked around there as well ... a nice mug of EichBahm and hot potato salad sounds wonderful' ... :)
Have A Great Day, and My Very Best To You and Yours ... Have A Nice Day Old Friend'
just sayin'
AZ
Hi AZCowboy thanks for your information. Hope you and your beloved doing well. Hope to meet some day to have a good beer together.
Looking forward to see you in Germany.
Greetings just
Libor disbursement of funds starting. Ours could be next.
40210 4/20/2024 MOTION for Disbursement of Funds AFTER DETERMINATION OF REASONABLE FEES DUE, IF ANY. Document filed by David Klusendorf. Return Date set for 5/6/2024 at 11:59 PM.
The word, “soon” is such a wonderful adverb that encompasses everything and nothing at all
If I counted how many”soons” were lobbied to expectant escrow owners I’d be counting for days.
JHD
You just wasted a post!
Yes, coming up with a magic day would reveal itself to perhaps someone having insider knowledge and of course we can’t have that Martha Stewart so better to keep it general, but …The word, “soon” is such a wonderful adverb that encompasses everything and nothing at all..😊
JHD
~ "ppffftt", Really ?, the "When" ? is obviously still a secret', COOP's "When" Revealed Here ? ? ?, could be considered "insider knowledge" (duh) ~
... always good for a small chuckle' ... here ya go, ... When = Soon'
"COOP" will "Tell" (LOL, pun intended)
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174278000
life lesson ! ! LOL', ... "the pea isn't under any of them" ... now, pay-up and move along ! ! LOL
just sayin'
AZ
When...lets see how good you are..When?
JHD
~ 2018' ol' cactus, 1st Time: "Watch The Newco WMIH / COOP It Is The "Tell" ... Now ?, 2024' ol' cactus, 2nd Time: "Watch The Newco WMIH / COOP It Is The "Tell" ... k ? ... ~
Make Sure That Your Brokerage (or bank, if used) Accounts Are All Up To Date; ... and Pay Attention (pun intended)
It Is My Opinion, that "COOP" will correct back to its original 100 million shares' ... reconstituting 36 million shares (ish) ... the final numbers will be perfect ! !
And', ... the Preferred Managing Sub' ! ! ... will settle up with the original' WMI Releasing Fixed Income Bonds' ... Separately ...
the SEC accounting filed and placed on the SEC site for this WMI Preferred Managing Sub, BOTH pre BK, and post reorganization is able to be reviewed by everyone' ... Showing the Cash In and the Cash Out Transactions, and I may add, ... "WELL BEYOND THE March 2012 WMI Plans Implementation" ...
The WMB Notes, ... are again, a Separate Consideration, and will transition with the Bank as described in the P&AA ... Oh, looked this morning, those WMB Bonds Are Doing Just Fine ! !
It Is My Opinion That, ... Things Are Gettin Better All The Time ...
"Abba Da Ayy"
just sayin'
AZ
"I have already posted and others have as well who XXXX is"
Then why not STOP using XXXX, and just state the name in your posts?
We can always add suck up to yours…I have already posted and others have as well who XXXX is…..however…..your mentor keeps posting it like a carrot in front of you so you can continue to drink his koolaid….fabrication is what you and cactus do….why not just ask him to reveal who XXXX is and see what happens…since he is the only one who claims to receive a distribution….and friends with a bk administrator Doreen and the inner circle with Gallagher….
Split
"" I just don't believe that would happen as those Institutions that own the Majority of COOP would have a cow."""
ORRRRRRRRRR they would jump for JOY and buy hand over fist everything they could get their hands ON , PLUSSSSSSSSSSSSSSS I still believe they will short at these highs and will make money going DOWN and then MAKE MONEY WHEN IT GOES RIGHT BACK up, as I have suggested before.......
Nobody is gonna change anything so we all just have to wait
So we will add fabricator to your moniker.
Maybe someday you will figure out XXXX all on your own?
Nope, as DD is not your game free rider...
Enjoy the lack of response to the zero value add you bring.
You will contact COOP so that they explain the content of a 4 year old filing to you regarding the distribution of some COOP shares by the LT?
Good luck
I KNOW THEY DON'T TOUCH ANYTHING I PROVIDE WITH A LINK.
Split... just watch Paladin,IMO. COOP is KKR's and other creditors and whoever bought after reorganized. ARLTA is not a public document.JMO.WAMU RECEIVERSHIP IS OPEN.THERE IS TOO MUCH MONEY AND POSSIBILITY OF TOO MUCH CORRUPTION.
so far, after 15 years, no one expecting a return from the chapter 11 or assets held by WMI, now WMIH has produced ONE OFFICIAL WORD FROM ANY AGENCY CONNECTED TO THIS AFFAIR that WMI, WMIH, FDIC, JPM will return money for escrows, preferred stock, common stock.......period.... it is all speculation, gut feelings, dot connecting, common sense, and wishful thinking and hope...., and worst of all drinking kool-aid mixed by the great gurus AZC, Boris, ron, LG, BBAN, xoom.goodie, milkduds, bizreader, and some others.....the theory is that WMI cancelled the common and preferred as necessary to close the chapter 11, but somehow these assets will return post chapter 11 to holders of escrows, or because former shareholders "own the estate".... if this is your belief, then to be credible, you must prove your assertions by documents !!!!!..... where are these documents?... failure to produce evidence proving your assertions is just "hog wash".... so lets start with the big cheese, AZCowboy:.... where are the documents that say there is a preferred managing sub, when WMI stated officially that all common, and preferred shares were cancelled and extinguished?....where is the documents of this docket that any lawsuit will be, or has been adjudicated into law that WMI will go to court to retrieve assets taken from them illegally, when the 2013 10-K states there are no on going court cases??..where does it say WMIH has to issue post chapter 11 shares to make former shareholders "whole again"?....where is your proof that CWG e-mail from Doreen Logan was bogus?....what is your opinion about the statement that WMIH made that "all TITLE TO ASSETS BELONG TO WMIH, FDIC, AND JPM?.... what is your opinion when WMI stated classes 19, and 22 are "IMPAIRED FROM FURTHER RECOVERY"?....is it your contention that WMI is still extant behind some SEC allowed reporting scheme to hide unreported assets from shareholders by using XXXX, and the SEC is allowing this?... where are the documents that stipulate this assertion?....dont answer my post with ascerbic remarks, but with documents to the ABOVE ASSERTIONS THAT YOU HAVE CONTINUALLY MADE OVER THE YEARS...............Lodas
Tax problem is best solved if they give P for P.
Split t. It may be that 2.5b comes to COOP from Libor if the Wamu estate gets 100b.
So Fdic sues for 400b. Settles for 200b. Wamu gets 100b. COOP gets its 2.5% and issues those shares without affecting SP.
Hmmmmm.
Hey Zoom, My gut is telling me we may see the PPS hit $82+, at some moment on the 24th as exuberance will cause people to jump in on some expected good news. The Mark to Market trend is extended for a couple more quarters IMO. I believe that COOP was hedged well in the first quarter and will continue that trend in the 2nd Quarter as I suspect BlackRock, their ESG mentor, is whispering in their ear.
Why….if this drops to 50.00 or even 25.00…..then I would buy more because it will stay that low for long….
Clinton, I have asked myself several times what would happen if the 36,000,000 shares did come back to old Commons and the priced drops to $50.00 as you and others have suggested. I just don't believe that would happen as those Institutions that own the Majority of COOP would have a cow. I personally lean towards a huge increase in Equity value showing up of about $2.88 Billion+ that would offset the increase in shares while sightly increasing the PPS of COOP from it's present $77.50. When An entity or entities are buying 120,000 shares at $77.55 as they did at close on Friday It's hard for me to believe that smart money is will to take a hit of $27.,55 in the very near future. I closely watch this Monster each night after hours and it is heavily manipulated day in and day out. If the PPS drops to $50.00 I may have two cows. lol
Have a great weekend, or what's left of it. Good luck to you and your family.
And hopefully more than just this one bucket of beneficial interests to follow.
The funny part I do not need your validation…..I for one never claimed I was an accredited investor or OG or claimed to be friends with Doreen or Gallagher or claim to be the smartest investor….even believe in cactus and predictability even drink his koolaid like you do…..maybe you need cactus’s validation….to each his own….it is ok if you want him to validate your existence….the more power to you…..
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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.
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.
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