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That isn't even comparable...
That value was returned to shareholders, through value in the company. It would be comparable, if ALL the fantasy riches showed up at COOP, and the pps rocketed.
They didn't rain cash on deleted escrows..Not even close to comparable.
Either you have a total lack of understanding with what happened to Kmart, or this is another incredibly desperate attempt to show something that gives hope, that actually doesn't exist.
You are so wrong. Sears hid the real value of it's Real Estate during Bankruptcy with it's low outdated book value. Shareholders were wiped and CEO Eddie Lampert and his hedge fund, ESL Investments walked off with the spoils.
It’s not complicated
There is not a SINGLE example of a company somehow hiding billions of assets from its own shareholders (!) for many years and then somehow paying out these assets years later to investors.
The simple reason for this is that this would be fraud for which management would potentially go to jail.
Wow! It appears to me that the current PPS of COOP is being reflected by the covering of short shares. No one is really selling shares as can be seen in COOP's low volume. Here we have a stock that is said to be worth $80-$100, yet we are being held down so entity can grab shares on the cheap, that's a lot of work for so few shares gained. I recall when Carl Icahn made this same type of play with Chesapeake Energy. As soon as he got filled the price shot back up. It takes pretty deep pockets and coordination from several MM's for this type of Yo Yo action. To me this is very exciting as I look for a significant increase in the PPS of COOP or other rewards that may offset any price decline in the near future of COOP. I live by Faith, and I'm very comfortable with my past decisions. The recovery of a few of the 700+ redacted Bankruptcy Documents was the tell for me. GLTA
There is always a bit of a delay between the price increases from these analyst and the time we actually arrive in that area it’s coming for sure.
JHD
what was the evidence that WMI held no off balance, or Safe Harbor assets??....there was never any financial reporting by 10-K yearly SEC required company audits that showed up on any reports...no company that sells stock to the public can remove assets, and place them somewhere else without an audit trail as to where they went....Imagine that a stock you owned secretly removed assets from the balance sheet without telling shareholders... THAT WOULD BE FRAUD!!!!!!!!...In the Feb 2012 MOR handed to the bankruptcy court , (20.7 billion) in shareholders RE was shown on the line entry... where did it go?... there was no mention that it went somewhere... if WMI had moved the money "somewhere", it would have to be stated, else it would be fraud in reporting to the SEC, and the IRS...in short, the entry was a 20.7 billion shareholders RE LOSS as a result of the GSA settlement where WMI was given a 5.89 billion dollar NOL for cancelling their stock in WAMU...Lodas
Could be, but why did all the analyst who attended the earnings call increase their price targets to all time highs within 24 hours? What are they seeing that the market is not?
~jb
No one trusts the markets anymore?
Outlook is fantastic... yet no one buys the stock, expect for those fat finger purchases at the end of day or after hours!!
Genius Board: Why is the trading volume so low?
~jb
Thats different than a 1 or 2 penny dist.
Fact is, we dont know for sure what those are. Its likely nothing but it could be something due to frequency and timing.
Libor settlement is close now so who knows.
👉👉👉LATEST $COOP price targets==>Wedbush:$100, Compass Point:$97, Barclays:$94, KBW:$92, DEUTSCHE BANK:$90, Piper Sandler:$88, UBS:$86
Sorry, i called etrade and they told me that it was a margin fee charged to me.
Exactly! I do see the 'interest' from the Bank sweep in my Schwab accounts that are coming from TD Bank USA, as these Accounts were transitioned to Schwab, as part of the TD Ameritrade acquisition.
Every brokerage worldwide has an entire staff of IT professionals. Software engineers, code writers, and programmers that have various levels of expertise and access to their server. If the brokerage finds it necessary to perform a beta test, it’s not done on some unsuspecting end client to the tune of one penny. They simply build dummy account/s and perform their test. After all, this is 2024, AI could do the job as well. One cent here, one cent there. Somebody put a pot of coffee on, Gezzzzz!
You really just brush off all your grandiose delusional fantasyland lies with such ease, and slide right back into fantasyland...
You should address your lie, and apologize for making things up, to push your fantasy nonsense agenda. There is no "test" that " they usually only use a couple cents" with... That's a lie.
You absolutely made that up.
You constantly lie, brush it off, and continue right on to your next lie.
Shameless.
Thanks Order. You may be right.
Lets see what happens. Libor will be the first key. Hope we dont get screwed but I think we have a good shot.
What a bunch of brutish individuals and to think the cause was all over an appearance of one cent in their various account/s. All day long, messages back and forth over the grand appearance of one cent and the various reasons. Of course, that is quite significant, since billions weren’t distributed from LIBOR! It would appear that some here should obtain a few nitroglycerin pills, I can’t imagine the emotional response if significant monies, say, a couple of dollars, appeared in their accounts unannounced. Gezzzzz, seriously, sad, truly sad. Let’s see who responds!
03/01/24 05:40 AM ET
Dividend or Interest Paid
Account: XXXXX-
You received the following dividend or interest payment(s) on 02/29/2024.
Security: MORGAN STANLEY BANK N.A. (PERI-OD 02/01-02/29) (MSBNK)
Amount credited: $.01
If you're enrolled in dividend reinvestment, your dividend will be automatically reinvested in the same security. Otherwise, the dividend (or any interest payment) will be credited to your account.
For more information, see our article on dividends. You can also get answers to the most common questions about E*TRADE account features and services in our comprehensive FAQs.-
Same thing on my end, but it Was back in March
I just noticed it.
Makes total sense thanks for the clarification.
JHD
Hi people, the small account entries for a penny or two that you are seeing are coming from the "sweep" bank account that is owned by Morgan Stanley. They acquired E-Trade a while back. If you have any cash in your etrade accounts, it gets swept into the Morgan Stanley Bank and what you are seeing is the interest payment for that small amount of cash you have in etrade. I also received 7 cents in mine (I keep a few thousand in cash to facilitate quick stock buys), and that is the interest for that cash "sweep". I wish it were a precursor to payment from WAMU, but it's not. We just need to be patient a while longer. Thanks.
Cheers to everyone who does their own research! In the age of information, ignorance is a choice.
I can definitely respect that.
Good on you.
I will call tomorrow.
You know what a sane, intelligent person would do?
Simply call the broker, and clarify what it is....
But, that would involve truth, and reality... Two enemies of the fantasy nonsense...
It's all so laughable, and childish.
Shows up as an alert.
They amount of stuff you have made up over the last decade and a half, is mind blowing. Everything that happens, is desperately attached to deleted escrow fantasy riches... And if course, always falls flat, because it's desperate fantasyland nonsense.
It's cruel to string people along for a decade and a half, with one lie after the next, nonstop.
My favorite lie, is.... They need to pay the hundreds of billions, to save the economy!
Escrows, saviors of the US economy!!!
What a load of grandiose delusional fantasyland foolishness that is!
I have Etrade and nothing so far.... What part of the website and/or in what category is the $0.01 showing up? Transactions??? Stock page? Full portfolio??
TIA
I use Etrade and got Nada.
Account tests are usually 1 or 2 cents.
As for previous tests, that was done many many years ago. Much has changed since then.
Amazing this is getting traction, what your seeing in your account is more than likely interest, etc. There is No need to do a test deposit as that was successfully done years ago to all of us with those shares. Please stop creating BS stories here, "if" we ever see a cent it will be in your account(s) before any smart person living on this site can say boo.
I got.02 cents in my E*trade account today! Didn’t see any transactions today on my Schwab account! Gltu
The just dont want to release the share price yet...but soon I imagine.
Pick.......Banks and Brokerages can send a couple of small amounts to an account to verify it's accuracy. They would notify the account holder first, and let them know that 2 small deposits are going to be made. They want the account holder to verify the amounts, and then they are usually deleted. They are never going to be for one penny, and there is always going to be 2 different small amounts, under $1. It's insane to believe that this one penny interest transfer is a precursor to Billions of Dollars coming out of no where into our accounts. Insane.
We are waiting for Cactus to confirm he got his and we are all good……lol
Anyone have Ameritrade that sees this dribble of money...I don't. Gettin a little crazy trigger happy...🙃
If you look in your transaction history, you should see previous interest payments, I think they only started sending alerts for these payments today.
That $76 support it was on was a perfect launch pad for the rate news.
Looking good!!
Looks like too many people got the one cent Why just anyone call the broker and ask him about it and see why and what it's?
Federal Reserve...No Rate increase! Watch COOP take OFF!
https://www.pbs.org/newshour/economy/watch-live-fed-chair-powell-holds-news-conference-following-interest-rate-meeting
Yes…..coming soon…..wow…
This was not a test distribution for escrows or for Libor….
Test distributions a precursor to Libor settlement?
Our Libor case will likely wrap up this month and the brokers are starting to prepare.
Will it be 208b as hold2wm speculates? I hope hes right but my guess is 100b. That's still a lot of money, the most ever for the Fdic.
1 penny per client.
$1.09 IN MY ETRADE ACCOUNT
TypeMISC
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XXXX - 1234
Date posted04/30/2024Amount$1.09DescriptionThru 04/30/24 for 3 days
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Moderators Large Green xoom GO4AWILDRIDE stoxjock ron_66271 |
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
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