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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
Account
XXXX - 1234
Date posted04/30/2024Amount$1.09DescriptionThru 04/30/24 for 3 days
Morgan Stanley Bank must be so rich that they are sharing the wealth.
Sorry for the false alarm, guys.
HHHHHHHMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM
I have E-Trade and I got .01 also but it was last month
Date posted 03/28/2024
Amount $0.01
Description 0.01 MORGAN STANLEY BANK N.A. (Period 03/01-03/31)
Good thought, goodie. As I started to do that, I (sadly) realized that this cannot be a pre-waterfall test. The penny is paid into a new account (for options trading), and not the existing three accounts that held WAMU shares in the past. Cannot be related.......
Interesting. I have an Etrade account as well, but no such lucky penny for me.
Can you call them and find out for sure?
WMIH has told you in plain english that in return for your release, new stock was given for your claims in the old company... they also said that no more distributions are going to be made, ever.... they said in no uncertain terms that the Title to all assets belong to WMI, JPM, FDIC, and that the estate belongs to the reorganized debtor in all instances after reorganization, and nothing should be construed otherwise as to the owners of the estate....spinning stories of personal wishes to own WMIH estate after 12 years is nothing but folly, and hype, and is meritless...I suggest that you read the amended POR 7, the chapter 11 closing document, the GSA, and the FDIC reports that say nothing will result in monetary returns for equity classes when the Receivership is closed...classes 19, and 22 are "impaired from future recovery, as they were cancelled, extinguished, and all rights to former prospectus is null and void..... what dont you understand about what these official documents reveal?.....Lodas
mine came through with this explanation: (Note odd time frame)
(Never got this before, nor has my son)
You received the following dividend or interest payment(s) on 04/30/2024.
Security: MORGAN STANLEY PRIVATE BANK NA- (PERIOD 04/18-04/30) (MSPBNA)
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.
0.01 is one cent, 0.1 is ten cents, which is it?
Cash (a couple of bucks) in the account incurred interest, after all it is the first of May!
Test distributions are common when brokers feel something could be coming. They want to be prepared so there are no glitches. Lets see if others get them.
Nah, she would put us all into a song and embarrass the whole board.😊
JHD
We need Taylor Swift buying 😉
Incredibly low volume, for a company that kicks a$$ just about every quarter.
I know that shares are available for purchase anytime, because I've bought and sold, without any issue.
Everything we've read ,says the stock is a solid buy with great upside...so where are the buyers?
E*Trade account, yes today 0.1 also.
I did not thru Ameritrade.. It could be a mistake. We did get a deposit years ago which many thought was the test, but who knows.
JHD
She is like LOTUS , such and such.
When the price falls she screams , sale VOLUME LOW, or when she buys m she screams at the top of her lungs , big buy.
Then the price falls and she sings , that's why it fell ..for the big buy.
BUT SHE REALISES; 72.2/30 EQUALS ONLY $2.4??????? Or if you just want 12/1 equals only $0.2
In fact this coop signatory is only at 21c because 30/1---------12/1 ,we see it that way then of course , those who own the reorganised as AZC did , well they are new shareholders .
I can't understand , how can you say , the coop is worth Ca, 250$ , whoever says this , shows how incompetent he is , which is absurd .
A comparison would be Global Payments Inc. which is also a global service for all modes of payment for private individuals and companies worldwide.
The current Registrand is only in view of the possibility of receiving a maximum of 2.5% in the near future, OK this is possible!
Whoever claims here in the room, that the goods belong to the new registry, well I can only say to stop swallowing harmful stuff!
You are just an oppurtunist with a whip in the air
Sincerely greetings to the real hard-working people in the room who dig in the murky sewers and make us participate in their relevance.
serafino1 is of the same opinion as me
XXXX
My son and I got 1 cent 'dividend' payments from Morgan Stanley into our ETrade accounts this morning. We cannot fathom why, but we are hoping it is a pre-WAMU waterfall test deposit. Anyone else get one?
GREAT Q2'24 OUTLOOK for $COOP
See transcript of the Q1'24 earnings call: https://www.fool.com/earnings/call-transcripts/2024/04/24/mr-cooper-group-coop-q1-2024-earnings-call-transcr/
Now this is funny as I can assure you, there are MANY HERE that have heard this share issuance suggestion, since 3-19-2012 to bring the company back to it's previous share structure to maintain and ALSO get a new IRS opinion letter for additional losses...........Thus creating a TRUE REORG
What I feel is really telling is that nobody seems to want to cross the line and validate it, but several here know this is NO NEW FOUND DISCOVERY, LIKE ANY THAT POST ON THIS BOARD
This statement is laughable and YEPPERS you were told 100s of times there would be more shares issued and you know it
"" MOTIVATED ad-hoc groups, and the (36k) FOS', research credit takers')
Could it be that they see an additional 36 mill shares being issued and are just avoiding the dilution it will create ????????? That is real close to a 50% dillution of current TOS, so why not wait IMHO
No, it doesn't make sense to me. But look at today's chart and the large transactions at the close., That's why they took the PPS down. They wanted these shares. And also yesterday after-hours. Next leg up soon IMO
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?
I think you said the election of 2020 played a factor in not receiving distributions and now you are claiming 2024 is impacting distributions….could be 2028 elections could delay distributions as well or the election after that or after that…
Lol. Now you see why most are done with this thought.
JHD
2026 doesnt exactly exude confidence!
I think it will come in several phases and will be a combo of JPM COOP shares, dividends, and cash.
Libor is our first shot at money. Then COOP shares. This year will be the start.
Of course he does not….yet this is how he stays relevant with his flock…..
Yes, good point but even that is narrowed down greatly from what it was from the get-go.
I say we may find out something almost any day but could be as long as mid 2025 to mid 2026.
Hopefully, the election is playing a role to either get this started and/or over with before the election.
…
Only remaing question is when?
Ron, yes, all investors who signed timely releases will do just fine with more than likely life-changing wealth. However, there will be some that do better than others.
One nice caveat is I believe we all agree with this summation.
…
Large Greed. WMB has $26 Billion in Backing Assets
The $14 Billion that is on the FDIC balance sheet for WMB is covered by $26 Billion in assets.
EURO Covered Notes.
We are just awaiting for JPM to take responsibility for the notes, with LIBOR adjustments for the ABS/CDS/RMBS/REIT’s for multiple WMI/WMB assets.
Ron
I can assure you AZCowboy does NOT know who XXXX is or he would have told you long ago. He knows there is another participant but he does not know for sure who that is!
…
My wild guess it is "COOP"
Keep Following the Case Numbers.
https://www.pacermonitor.com/public/case/2998527/Federal_Deposit_Insurance_Corporation_et_al_v_Bank_of_America_Corporation_et_al
See the defendants list.
Ron
Yeah, you’re probably right. This thing is absolutely laughable to get price targets revamped up to $100 plus a good report and then it falls two dollars.. No rhyme or reason.
JHD
Don’t Stop Know.
1:11-md-02262-NRB FDIC
Defendant’s, 5/51;
https://www.lendersliborsettlements.com/admin/api/connectedapps.cms.extensions/asset?id=dba1269c-4392-4208-a03c-5eeed08c17db&languageId=1033&inline=true
WMB;
“AMENDED STIPULATION AND PROTECTIVE ORDER CONCERNING CERTAIN HARD COPY RECORDS.regarding procedures to be followed that shall govern the handling of confidential material. So Ordered. (Signed by Judge Naomi Reice Buchwald on 6/22/2021) Filed In Associated Cases: 1:11-md-02262-NRB, 1:14-cv-01757-NRB, 1:18-cv-01540-NRB”
Document #3290,
https://www.docketbird.com/court-documents/In-re-Libor-Based-Financial-Instruments-Antitrust-Litigation/AMENDED-STIPULATION-AND-PROTECTIVE-ORDER-CONCERNING-CERTAIN-HARD-COPY-RECORDS-regarding-procedures-to-be-followed-that-shall-govern-the-handling-of-confidential-material-So-Ordered-Signed-by-Judge-Naomi-Reice-Buchwald-on-6-22-2021-Filed-In-Associated/nysd-1:2011-md-02262-03290
“... WMB Case 1:11-md-02262-NRB Document 3290 Filed 06/22/21 Page 1 of 7. aluised. 6/22/2021, 7:06:11 AM. -2-Boxes”) of Washington Mutual Bank (“WMB”) that JPMC ...”
The court documents never lie.
Ron
Have Fun. It’s All Intertwined.
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
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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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