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I searched-> 1:11-cv-02613-NRB FDIC <-
https://www.steptoe.com/a/web/rFSwFUb5JvHiGrqGpZMqmk/3ZFvgf/11-md-02262-20151103-libor-v-ruling.pdf
https://www.courtlistener.com/docket/6311391/federal-deposit-insurance-corporation-v-bank-of-america-na/
https://unicourt.com/case/rc-db1-federal-deposit-insurance-corporation-as-receiver-for-amcore-bank-na-et-al-v-bank-of-america-corporation-et-al-652901
Replace FDIC with WMB.
Results are in German?!??!
More;
I substituted FDIC for Washington Mutual;
https://amlawdaily.typepad.com/11302011libor_hausfeld.pdf
Ron
He still will not just share with you who XXXX is…..his most loyal follower
~ Yes XOOM. "COOP", will Reconstitute', the 36 million Shares It', ... Has Now Purchased Back ! ! (COOP's' own' share Buy Back Program ! ) ~
... "COOP", the current trading transitional result, of the 2018 "Acquired" Subgroupings Acquisition' ... will "soon" ! ! ... BEGIN to make everything ... "fair and equitable" ... Yes', for the REMAINING', ... the REMAINING'; ... the REMAINING', ... Original' WMI Holding Company's Reorganizational Releasing Participants' ... period' ... once completed ?, the "Kraken" will be released' ! ! ! ... (interest accumulated = napkin math LOL)
=================
WMB Note Claims amounts, have continuously' been shown on the FDIC site', yes, for years without change' ? ... and Yes, The revealed Claim Amounts, have never changed' ! ! ... and yet ?', the WMB Notes have ? and continue to be ! ! serviced' by a sub of XXXX ... think bout' that' ? ? ? ... and per functional cusip, continue to be able to be reviewed by a "cowboy" WMB Note' Direct Owner' LOL'
(move away from the MANY', MOTIVATED ad-hoc groups, and the (36k) FOS', research credit takers')
just sayin'
AZ
Just being sure. Is this not part of our case...
Set/Reset Hearings: Fairness Hearing set for 9/5/2024 at 11:30 AM before Judge Naomi Reice Buchwald. Associated Cases: 1:11-md-02262-NRB, 1:11-cv-02613-NRB
That hearing is not our case.
Hi AZ, IYO will XXXX bring in only new shares for legacy (escrow holders)?
TIA
That's not how it works.
I think I read somewhere that a fairness hearing is scheduled for September.
FORM Ds in 2021 and 2023 DIFFERENCE ON BUSINESS COMBINATION
FORM D 2021
10. Business Combination Transaction
Is this offering being made in connection with a business combination transaction, such as a merger, acquisition or exchange offer?
Yes X No
https://www.sec.gov/Archives/edgar/data/1876566/000187656621000001/xslFormDX01/primary_doc.xml
FORM D 2023
10. Business Combination Transaction
Is this offering being made in connection with a business combination transaction, such as a merger, acquisition or exchange offer?
X Yes No
https://www.sec.gov/Archives/edgar/data/1876566/000187656623000001/xslFormDX01/primary_doc.xml
Why with such great financials and the analysts expected future price predictions of COOP shares, why would “nobody have (has) the balls to buy?” Does that even make sense to you?
the FDIC says that WAMU still owes them $14.8 Billion
In my opinion, absolutely nothing!
This is not correct. Well, part of it is. The fact is, Covid relief money flooded the money supply but the economy was at a standstill so recipients of this money put it into the bank. But companies werent borrowing so the banks couldnt use the deposits for Loans. So they bought securities to generate a little interest income. Then rates shot up and the banks were forced to mark their securities portfolio to market. All those bonds lost value. THIS Much is accurate.
What is not accurate is that somehow these banks have avoided "declaring" these losses. The change in the fair value of these securities are recorded MONTHLY as an accounting entry called AOCI that doesnt go through the income Statement at all and goes STRAIGHT to equity on the balance sheet. the fair value of the securities is determined by models similar to Bloomberg, so there is very little room for accounting shenanigans. Nearly alll banks were impacted by this. Some more than others. Silicon Valley Bank is the poster child because their core business was to bankroll emerging tech companies prior to IPO. But during Covid alot of these companies slowed down their spending (and thus didnt need loans), and were flush with cash (and then deposited it at SVB).
Therea are no "zombie banks" just sitting on an "undeclared" powder keg of Securities losses. The bank that failed recently (Republic First, NOT First Republic) was only 6B in total assets and has zero impact on the broader industry. That bank was troubled for the last 5 years due to Management and Board disfunction. They failed for a completely different reason.
Yep..you are smart to add...difficult to find opportunities that have the potential to go up 30%+ per year.
I'd buy more If I didn't already own enough to sit on the board. 😂
JHD
Wasn’t April meant to be the month for that?
But there will be another April in 2025, 2026 and so on.
b3....there will not be any money going to equity holders if the FDIC gets settlement money from LIBOR.... why?.. the FDIC balance sheet is billions in the hole from Bank borrowings at the Discount window by "Zombie" banks ready to fail this year... we just saw the tip of the iceberg last year with NYCB, and the one JPM got recently, and (cant remember the name), and a few days ago First Republic?.....most of these zombie banks, including Bank of America is carrying "mark to market losses" on their balance sheets because they invested in Treasuries when interest rates were low in 2021, and 2022, and the FDIC is allowing them to carry these losses... but FED borrowing by Banks is over, and they will have to declare "mark to market losses"... this is what brings these "zombie banks" into receivership...so, the Credit card debt for people is high, Government deficits are 34 trillion, states are running huge deficits, commercial real estate set this year to refinance "zombie empty buildings". war financing for Ukraine and Israel, Treasury Bond sales at higher interest rates if Powell does not lower rates as expected, and housing market pricing, and rents starting to crack....downwards, while cost of living going up...The FDIC is broke, and is in bad shape if there is a banking correction on the horizon...I read this in an article on the news a few days ago... all is not good for the monetary situation, and the Dollar dominance is at risk of losing its place as the reserve currency...Debt is all to high in every category of fiscal finance from consumers to state and Federal government.... watch your "six", as AZCowboy says... your wealth could be at risk... Lodas
Because nobody has the balls to buy. Look at today's volume, 96k up to now, laughable I added 46 times and am tempted to add more now...
Yea exactly and why? This thing oughta be crossing borders now and going into higher territory, given all the price valuations.
JHD
Lodas, AZ, anyone.........Per the FDIC website, the Receivership Balance as of Sep30, 2023 is $14.8 Billion of liabilities. In other words, the FDIC says that WAMU still owes them $14.8 Billion. IF, Libor settles and earmarks more than a $14.8 Billion payment to FDIC, would any of the extra money go back to the old WAMU shareholders? Of course, we wouldn't get any money until everyone ahead of us gets paid back first. What if FDIC ends up getting $20 Billion just from WAMU Libor claims.........is there any scenerio where the old WAMU Preferreds, and Commons will see money trickling down to US????? Any way???
The Libor was a good play….but not in the billions and as long as the FDIC controls the outcome…..old escrows are just not part of the plan…
Yea exactly and why? This thing oughta be crossing borders now and going into higher territory, given all the price valuations.
JHD
What….no news….now we are kicking the can down the road for another year……Coop….still is the tell…
Analysts $COOP price targets====>Wedbush:$100, Compass Point:$97, Barclays:$94, KBW:$92, DEUTSCHE BANK:$90, Piper Sandler:$88, UBS:$86
This stock is HEAVILY MANIPULATED in my opinion!
https://thefly.com/news.php?symbol=COOP
Soon there will only be one side to all these matters: The past.
What does that mean with the AH buys them a down day to start?
JHD
COOP absolutely UNDERVALUED====>fair PPS is at least $200
Check COOP's current P/E ratio: https://finance.yahoo.com/quote/COOP/key-statistics?p=COOP
COOP's trailing P/E is only: 8.33
COOP's forward P/E is only: 7.89
The P/E ratios in this list (data is as of January 2024)
Financial Svcs. (Non-bank & Insurance) covering 172 companies is the correct row:
http://pages.stern.nyu.edu/~adamodar/New_Home_Page/datafile/pedata.html
Financial Svcs. (Non-bank & Insurance)
The average P/Es are:
Current: 34.63
Trailing: 25.59
Forward: 25.54
======>115k AFTER-HOURS BUYS, news pending?<======
https://www.nasdaq.com/market-activity/stocks/coop/after-hours
IF that even happens, just don't remove more than $1m per year to stay under 20%. David Tepper tears won't hurt my feelings
18 states have zero estate tax.
As for settlement money it may not be taxable. Lets hope anyway.
Originally I believe it was to pay off the debt from the Civil War.
How did the original Income Tax start out????
Yep he’s screwed up for sure. Then come to Washington and add Insley who has a separate 7% capital gains tax. That’s why I set up my LLC’s in Wyoming.
JHD
If you make over a million dollars year in ordinary income that kicks in. Everybody wants to leave that little detail out.
Yes thanks! Gltu
Bill48. I do what I can. You know what I mean.
I wonder if those who have been touting billions coming back to former worthless escrows are suffering from a form a PTSD? They just cannot get over the fact that it's over and done. That may be very traumatic for them
Thanks for posting and keep up the good work!👍
Libor mega settlement very soon.
I cannot fathom it going into next year.
Your spot on correct, it truly is. All playing games!
Pick, Lodas, Lodas, Pick, who ever,
I don't care, unless someone responds to me other than the person I addressed. I care at that point, because it makes no sense. As far as winning, I'm not winning anything, Nor do I claim to be smart, actually just the opposite. However I do find it extremely amusing that one person (Pick) responds for another (Lodas). As far as distributions coming soon, I highly doubt it. Oh and ...... ..... ..... and .....
Where is Lodas? .....
This whole message board is a scam.
Who cares….you win…you’re so smart….distributions coming SOON!!!!…
The left side of the BOAT is rowing FORWARD while the right side is rowing BACKWARD.
No wonder we keep going in circles.
GLTU
GO4AWILDRIDE
No, You're incorrect again, I'm not speaking of Cactus as you refer, If I were I would have addressed him, not Lodas. The fact that I addressed Lodas initially and you responded is beyond my understanding. Seriously, Lodas spins a yarn on a message board that you (Pick) read the documents. I post a narrative to him (Lodas) regarding his post. You (Pick) respond, are you and Lodas the same person? It certianly appears that way, one post, the other responds, with affirmation, every time. .....!? ..... Please go back and read my initial post to Lodas, if you're Lodas, continue to respond as Pick on Lodas behalf! Geeezzzz!
I think you are speaking of Cactus as he has been the only one claiming he has read all and understands all and is part of the inner circle….and the only one who has claimed to receive a distribution….my attention is on coop…..
Both may work hand-in-glove on the timing
Nay contrary wizz kid, as I too believe there’s nothing more to come! I have nothing more to prove than you. I simply don’t understand why two yahoos constantly spew the same narrative, back to back, over and over again! Okay, so both of you, or one of you read ALL of the documents and claims on a message board the other person read the documents. Do you not comprehend how stupid that narrative is ? So what? Or should I say …….?
Are talking about the libor settlement or the next possible bucket for escrow holders? I surely hope the libor settlement doesn't roll into 2025
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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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