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Remember the Alamo
"Royal Dude
Re: None
Thursday, October 12, 2023 11:24:33 AM
Post# of 717322 Go
Who do you think owes us money? My Hero who saved the US Banking system.
"Failed Bank Information for First Republic Bank, San Francisco, CA
On Monday, May 1, 2023, First Republic Bank was closed by the California Department of Financial Protection and Innovation and the Federal Deposit Insurance Corporation (FDIC) was appointed Receiver. No advance notice is given to the public when a financial institution is closed. JPMorgan Chase Bank, National Association (N.A.), Columbus, Ohio acquired all deposit accounts and substantially all the assets."
https://www.fdic.gov/resources/resolutions/bank-failures/failed-bank-list/first-republic.html
"Key transaction elements following the FDIC’s competitive bidding process include:
Acquisition of the substantial majority of First Republic Bank’s assets, including approximately $173 billion of loans and approximately $30 billion of securities
Assumption of approximately $92 billion of deposits, including $30 billion of large bank deposits, which will be repaid post-close or eliminated in consolidation
FDIC will provide loss share agreements covering acquired single-family residential mortgage loans and commercial loans, as well as $50 billion of five-year, fixed-rate term financing
JPMorgan Chase is not assuming First Republic’s corporate debt or preferred stock
First Republic branches will open on Monday, May 1, as normal, and clients will continue to receive uninterrupted service, including digital and mobile banking capabilities."
https://www.jpmorganchase.com/ir/news/2023/jpmc-acquires-substantial-majority-of-assets-and-assumes-certain-liabilities-of-first-republic-bank?fbclid=IwAR2AyM-Ty3uCWixvskVSzzlSArvkU3kZPAnRUM2E_WIOVAMHMRY4I4Su1lg
Bullish
BULLISH"
COOP OTIS 😉seems to be moving well I’m happy to say
GogooooooCOOP
Have a great day people AND don't let the noise from dark places bother you cause haters are going to hate regardless,-GLTA-Ts 😉
MATTERS LOTS TO ME as I honestly want NOTHING TO DO WITH JPMC since THEY ORCHESTRATED THE TAKE DOWN of WMI with their 10 HORSEMEN the employed to buy WMI and when WMI wouldn't sell, THEY ALL IMHO WITHDREW funds to cause the """RUN ON THE BANK""" and that my friend is easy enough to prove. YET HMMMMMMMMMMMMM NOBOSY even looked at it as it was a HANDS OFF SUBJECT
NOW ifin you want to be in bed with the DEVIL FOR A DOLLAR, then WHORE YOURSELF AWAY.
ME I HAVE MORE SCRUPLE than that............................ANd ifin we get JPM stock for what they took, I will wait for the sell off and then dump it all
PLUS I STILL say that JPMC can NOT acquire the REORG'd COMPANY
They can only buy or PAY FOR what they should not have obtained from the FDIC
AND I SAY IT WILL BE WMI not JPM
The grandpa with a J or the grandpa with a W or don’t matter, they all the ‘same’ ?
AZ
Just as I have been saying for some time the GRANPARENT has not given permission and I seriously do NOT expect them to, ESPECIALLY when the GRAND PARENT backed imho the money to buy NSM
Yep you need that afternoon nap…..
~ LOL, "COOP" the 2018' acquired sub grouping' ... simply Needs Permission' from' (well' ya know, right ?), to actually go through with a sale of Xome' ... LOL ~
yep, COOP is merely an SEC allowed "registrant" ...
... oh, and it's time for a good ol' cowboy ... "poop" ! ! ... just for the ol' cactus 24/7 - 365 activity trackers' & mind-readers' ! ! ... LOL ... shower and a nap' around 2:00pm ... happy hour "out" afterword ! LOL ...
just sayin' :)
AZ
Whatever they end up doing, equity will most likely benefit nicely. Things have already been going great. No hurry.
Agreed.
Also, they are in no hurry. They have a history of making great moves, and won't settle for anything less. Things are going great, as is.
Coop has been saying for years they will sell xome for years…..all talk….and here we are again….coop saying they will sell xome…..yet no action..I would love for them to sell and eventually they will but so far it has been just talk to pump the price…..is this what they are doing talking sell to pump the pps but not do it……when it goes happen…it will be good for coop and shareholders…
Correct, COOP BOD said they are going to sell XOME, and they will sell it! Could be tomorrow, in April, or later, but I think it will happen in Q2
Selling XOME should boost COOP's PPS to $95 to $100 IMO
Let’s see what happens….i would love for them to sell as the pps will rocket up……great for anyone owning shares who did not sell out at/around 50.00.
What’s the value for people to make up stories like “COOP doesn’t own all of XOME” if it literally takes minutes to find out that this all just meaningless nonsense?
They do have the final say... They own it. They're not going to state publicly to top holders, they plan to sell something they don't own. This should be common sense...
As much as this could be great to hear but will not happen coop does not have final say or they would have done years ago…
TIME WILL TELL and so far TIME HAS SAID,, IT AINT GONNA BE SOLD, now one has to ask WHY has it not been sold yet !!!
DO they OWN IT ? is it shown on the books at 2 bill in value as has CONtinually been suggested here ?
THINGS THAT MAKE YA GO HMMMMMMMMMMMMMMMMMMMMMMMMMMMMM
I will still lay ODDS IT IS NEVER SOLD, at least buy COOP since I don't think they have control of it to sell it or it would have been shown on that books at 2 bill $$
COOP can be $95+ OVERNIGHT when NEWS about the successful MONETIZATION of their subsidiary XOME hit the wires IMO...
This is a long planned strategic initiative as the BOD confirmed...
No worries. I like sharing info but don't need the stock advice. Im fine, very fine.
BTW...One thing I'm not is fragile.
JHD
Maybe he was following cactus’s advice as he sold at 46 and 50.00..Bob may have sold for different reasons…..it was cactus who claimed to be the smart one
UPTICK thanks for the clown face as it tells me I STRUCK a NERVE
Take a long hard look at the Venn diagram below and you will come to a full understanding of how the crooks wound up with all the assets.
That was 10+ years ago. Today it's many times worse. Allow conflict of interest a foot in the door and soon it takes over. Also take note Gary Gensler is current SEC chief. Think our banking system is on stable footing? Think again.
You people hate truth, and are very fragile. Do I care.... Nope. 😂
Don't PM me for stock advice anymore. lol
Distribution of shares to executives coming soon
Will hit 80.00 very soon
For years now I have suggested that the market will hit all time highs as will COOP right before there is a distribution of shares, thus allowing the shorts to short COOP at its ALL TIME HIGHS right before the share issuance causing dilution.......
HMMMMMMMMMMMMMMMMMMMMMMMM ARE WE GETTING CLOSE
Yes thank you. Some folks have an ego, (edging God out) that does not allow them to offer their good side.
Perhaps he’s young and has not yet been confronted with a serious life setback that offers
humbleness and clarity to one’s vision of themselves and others.
JHD
Don’t let him bother you. He’s just a nasty individual.
Of the 4 items I mentioned that are driving the exuberance of getting paid more money, I believe that there is a combined ZERO % chance of any large amounts of money coming back to old WAMU equity. Maybe 2 years ago I held a 1% chance, but today that is a big fat ZERO. It's been too long, and all the crooks have stolen all the assets. The only way former shareholders of WAMU are going to get more compensation is if Congress gets involved, and that is NOT going to happen. Nice to see COOP taking off. Hope this run helps out with all those old WAMU shareholders who lost big money in the FDIC raid.
There is an issue getting unemotional and unbiased data
Remember this quote: “Docket # 5885 was the agreement, ... Doclet # 9901 was the completion of the agreement by BOTH', ... WMI and the FDIC ... as WMB Was Released and Serviced by JPM)
Docket # 5885 was the GSA Settlement Acknowledgement Between WMI and the FDIC;
http://www.kccllc.net/wamu/document/0812229101112000000000029
And, With Only The "Equity Interest" in WMB Originally Being Released, Docket # 9901 was part of WMI's Portion of the GSA Settlement Realized while the litigation continued to a settlement in D.C. ... "Globic" ...
http://www.kccllc.net/wamu/document/0812229120316000000000016
=============================
Now Reorganized as an SEC allowed Subsidiary, COOP' and holding a pps above $50.00 ... if this is maintained ? ... the Debt Structure is Released' ... Finally'
just sayin'
AZ”
Holding a pps above for 60 days and still no distribution….you also claimed you sold your shares at 46…and the rest at 50.00…..hate to say this just a little quick for an accredited investor to sell and not see it would go beyond 46.00 even 50.00…
Ha! screw you too!
JHD
$80 bucks here we come!!!!!!!!!
Thank you.
Thats an odd response based on your prior input. Did you misunderstand my last question?
Pliss, are you stating this is worse than being negatively obsessed with escrows and bashing them 24/7 ?
This should be a fun end to the week here, in coopland.
And there she goes! Love it. :0)
Why can’t you, place him on ignore if he bothers you so?
I don’t think I’ve ever seen a non-negative comment from you. That’s also a disorder.
Because your pessimistic nonsense. 😂
Who gets upset over a fifty cent pull back after a new all time high?
A clown. lol
You'll be ok. 😂
Why do you constantly refer to yourself in third person? Are you aware that it's a disorder?
76.43 one second before close then 76.38
Maybe Day Trader or shorts, just my opinion Who Knows?
Could be stock buy back by the company.
What’s the clown face for? Haha
JHD
Why in the heck does it drop so much after the close?
JHD
wow..dopped back to $76.41 close?
JHD
Nice SP, Close $76.38 volume 528,407 High SP of $77.00
10/90-day avg. volume 569K / 539K
63,794 trade at the close.
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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
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