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IF IF IFIN as I feel will happen and we hook up with LEHI/FANNY/FREDDIE and pick up a few more along the way, the 60 bill in LOSSES that LEHI has, PLUS OURS ONCE WE GET and NEW TOTAL NOL loss letter, it will allow us conservatively to make close to 250-300 bill in profits and pay ZERO TAXES on that..............
NOW THAT is a KOOL THING
And not sure WHat Fanny and Freddie will have as far as losses since the FEDs have taken all their profits for all these years, WHICH IS UNCONSTITUTIONAL BY THE WAY
Thanks PICK!
Roge that PICK... LOL
AIMHO, STRIKE
Roger that BOB... the positive results should continue and elevate the share price so long as something negative / out of the blue happens or poor results are reported. "We shall see said the blind man"... and I mean no disrespect to the visually impaired... so keep quiet to the woke mob!!
AIMHO, STRIKE
How about a moderator who tells the truth…..your truth is right around the corner….april and then May 1st…
BTS... I do not have a crystal ball... and have no idea nor any certainty whether any monies whatsoever... are ever coming back after all this time.
What I do know is there has been plenty of time... YEARS... for someone to validate the premise that money is absolutely coming back... and a reasonable time table as to when said monies are coming back.
That being said... even I... a long time proponent that monies MIGHT be coming back... MAYBE...!... am tired of hearing the complaints about those supposedly "bashing"... it is everyone's right to be heard on this board... and to say whatever they want.
But to say monies are coming back without any particulars or details or concrete evidence... is where I have a big concern. I have never said monies are coming back... I have said I HOPE they come back... I have no evidence and clearly... not one person on this board has presented evidence to the contrary.
"hero or zero"... yep... but so far... it's a BIG ZERO.
As for me... I still believe we got screwed... but that does NOT mean we are going to see a Lincoln penny.
UP is not bashing... he's as tired as I am of anyone claiming monies are coming back... if they are... PROVE IT!!!!
AIMHO, STRIKE
JUST wait till our RICH RICH PARENT or GRAND PARENT gets into the mix HOLY MOLLIE !!!!!!!!!
HUGE MEGA MULTINATIONAL FINANCIAL CONGLOMERATE that currently is in an ADMINISTRATIVE HOLD while it being formed or built assembled.......
That WILL IMHO Dwarf WAMU/WMI as a whole, multiple times over.
Since we will eventually end up with a RICH grand parent with TON of assets and not have 3,200 locations and 47,000 employees to suck it down, and that can leverage these assets MULTIPLE TIMES OVER 10X's 20X's............. HUGEEEEEEEEEEE
Srike
I think the market had to see that we could repeat those good numbers quarter over quarter/YR over YR on a consistent basis before they were gonna give us any credibility
On a bright note... COOP is up over $33pps (84%) over the last 12 months... not too shabby.
FACT, STRIKE
Roger that UP... and well said !!!!
...not to be trusted too.
AIMHO, STRIKE
BOB... knowing only what I know, there should be no reason this stock does not measurably improve. Yep, at least double from here. I find it still hard to believe we have not moved much closer to the $100 level... let alone passed the $80 mark. Continued positive quarterly earnings reports will lead the way. We have been lagging here and hoping we see some love from the market.
As a sidenote... I echo your comment about "6 and 12".
AIMHO, STRIKE
IMHO far bigger than $100, more like $150 $250 but there will be splits along the way to keep it down imho
Roger that BOB... it's a strange personality disorder in my opinion... As long as I continue to see growth in COOP's pps I will hang in there... at some point, I will bail... but for now... let's see $80 +. I do believe this is a north of $100 stock but time will tell... so I guess, TIME IS THE TELL... LOL.
AIMHO, STRIKE
I for one can't wait till this all settles out and all can see what HAS HAPPENED here and just how things pan out. MY WAG is a COUPLE will just slink of into the SUNSET, as they have indicated they will do.
Their MINIONS are gonna be way mad when they find out that COURT ORDERS(GSA/POR) are going be followed even though the case is closed all imho
Goes back to WE ARE ALL IN THE SAME LIFE BOAT, SO ROW THE SAME DIRECTION.......
SEEMS like a need to be important ""I KNOW SOMETHING YOU DON'T KNOW""
All would love to hear at least what his opinion is on who XXXX is and rightfully so as many have been here LONG before he showed up.
I hear ya BOB... I'm trying to get CACTUS to do a reveal instead of playing games... SMH.
I have been here for a long time and never had anyone tease the board with information they claim to know about... that is a coward and immature... and I'm being polite.
AIMHO, STRIKE
Srike
IMHO XXXX does not equal JPM
I for one feel that the ONLY involvement that JPM will have here is to pay for what they illegally gained control of in the seizure that was NOT WMB's or WMBFS's
XXXX... is JPM Chase (JPMC).
C'mon CACTUS... unveil and share what you know. PICK has asked you repeatedly over and over... why would you not share information which might possibly help this board?
AIMHO, STRIKE
It tiz, it tiz!
this link is what WMIH says about your theory..
1
Table of Contents
PART I
Item 1. Business.
Introduction
WMI Holdings Corp.
On March 19, 2012 (the “Effective Date”), WMI Holdings Corp. (“WMIHC”) emerged from bankruptcy proceedings as the successor to Washington Mutual, Inc. (“WMI”). WMIHC is a holding company organized on August 17, 1994 (under the name Washington Mutual, Inc.) and existing under the laws of the State of Washington. WMIHC is the direct parent of WM Mortgage Reinsurance Company, Inc., a Hawaii corporation (“WMMRC”), and WMI Investment Corp., a Delaware corporation (“WMIIC”). As of September 26, 2008 (the “Petition Date”), the date WMI filed a voluntary petition for relief under Chapter 11 of Title 11 of the United States Code (“Chapter 11”) in the Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”), WMIIC held a variety of securities and investments. As of 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 the Petition Date. All of the banking assets of WMI were sold to JPMorgan Chase Bank, N.A. (“JPMC”) by the Federal Deposit Insurance Corporation (“FDIC”) prior to the Petition Date and all of the securities and investments held by WMIIC were liquidated and the value thereof distributed in connection with implementing the Plan (as defined below).
Prior to the Petition Date, WMI was a multiple savings and loan holding company that owned Washington Mutual Bank (“WMB”) and, indirectly, WMB’s subsidiaries, including Washington Mutual Bank fsb (“FSB”). As of the Petition Date, WMI also owned, directly or indirectly, several non-banking, non-debtor subsidiaries. Prior to the Petition Date, WMI was subject to regulation by the Office of Thrift Supervision (the “OTS”). WMB and FSB, in turn, as depository institutions with federal thrift charters, were subject to regulation and examination by the OTS. In addition, WMI’s banking and non-banking subsidiaries were overseen by various federal and state authorities, including the FDIC.
On September 25, 2008, the OTS, by order number 2008-36, closed WMB, appointed the FDIC as receiver for WMB (the “FDIC Receiver”) and advised that the FDIC Receiver was immediately taking possession of WMB’s assets. Immediately after its appointment as receiver, the FDIC Receiver sold substantially all the assets of WMB, including, among other things, the stock of FSB, to JPMC, pursuant to that certain Purchase and Assumption Agreement, Whole Bank, effective September 25, 2008 (publicly available at http://www.fdic.gov/about/freedom/popular.html), in exchange for payment of $1.88 billion and the assumption of all of WMB’s deposit liabilities. As a result of this transaction, substantially all of the business and accounting records of WMI became the property of JPMC and WMIHC had extremely limited access to such records. The foregoing notwithstanding, over time, limited access to such records was obtained through information sharing arrangements. Access to WMMRC’s historical records was not significantly affected by WMB’s closure and receivership.
On the Petition Date, WMI and WMIIC (together, referred to herein as the “Debtors”) each commenced with the Bankruptcy Court voluntary petitions for relief under Chapter 11 (Case No. 08-12229 (MFW)). On December 12, 2011, the Debtors filed with the Bankruptcy Court the Seventh Amended Joint Plan of Affiliated Debtors Pursuant to Chapter 11 of the United States Bankruptcy Code (the “Filed Plan”) and a related disclosure statement (the “Disclosure Statement”). The Filed Plan was subsequently modified and, on February 24, 2012, the Bankruptcy Court entered an order (the “Confirmation Order”) confirming the Filed Plan as modified by such modifications (the “Plan”). On the Effective Date, the Plan was substantially performed and became effective.
The Plan provided for, among other things, the distribution of cash, Runoff Notes (as defined in Note 1 in our Consolidated Financial Statements (“The Company and its Subsidiaries”) in Item 8 of this Annual Report on Form 10-K) and liquidating trust interests in WMI Liquidating Trust (the “Trust”) to certain holders of claims against the Debtors. The Plan also provided for the distribution of newly issued shares of WMIHC’s common stock to holders of preferred and common equity interests in the WMI. On or about March 23, 2012, the Trust distributed approximately $6.5 billion in cash and other assets as contemplated by the Plan.
This could be the next dates in the works IMO
Original issue date (settlement date): expected to be the fifth scheduled business day after the trade date (i.e., between March 13, 2024 and April 5, 2024)
Original issue price: 100.00% of the principal amount
Underwriting commission/discount: up to 1.25% of the principal amount*
Net proceeds to the issuer: % of the principal amount
See “Summary Information — Supplemental Use of Proceeds” on page PS-8 of thi pricing supplement for information about the components of the original issue price of the notes.
*J.P. Morgan Securities LLC, which we refer to as JPMS, acting as agent for JPMorgan Financial, will pay all of the selling commissions it receives from us to an unaffiliated dealer. In no event will these selling commissions exceed 1.25% of the principal amount. See “Plan of Distribution (Conflicts of Interest)” on page PS-86 of the accompanying product supplement.
https://www.sec.gov/Archives/edgar/data/1665650/000121390024020151/ea171137_424b2.htm
$125,157,168,784 JPMORGAN CHASE & CO. Debt Securities Warrants Units Purchase Contracts Guarantees JPMORGAN CHASE FINANCIAL COMPANY LLC Debt Securities Warrants We, JPMorgan Chase & Co., may from time to time offer and
https://www.sec.gov/Archives/edgar/data/19617/000095010323005751/crt_dp192097-424b2.pdf
~ the mr cooper group', "COOP" as an acquired sub group and, a corporate allowed SEC "registrant" ... submits its SEC submissions' that are VERY, VERY, VERY' Carefully Prepared ~
"chess players" ... understand the language' ... LOL ... thanks DB4D ! ! ... well said' (they're simply misunderstood LOL')
just sayin'
AZ
10. Business Combination Transaction - NO IN PREVIOUS FORM D
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
10. Business Combination Transaction - YES IN THE LATEST FILED IN 2023
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
So what you‘re saying is that COOP‘s management is intentionally LYING in their detailed officially SEC filings like the annual Proxy Statement etc, thereby risking criminal liability and prosecution for fraud?
Whereas you (anonymous writer on a message board) are telling the truth?
there is no holding company, they were ALL LIQUIDATED AND THE FUNDS PLACED IN THE WMIL-T for distribution to creditors....there is no 299 billion in cash held at the FDIC that belongs to WAMU.....did you read the amended POR 7 that I posted?..... TITLE TO..ALL ASSETS BELONG TO THE REORGANIZED DEBTOR...did you read the section concerning RELEASE OF CLAIMS???????....you will get nothing post chapter 11. all the official documents have told you 12 years ago.... quit laughing, and do some reading... there was no corporate shield, the documents say all assets both reportable, and not reportable WERE DISCLOSED .... you have wasted 15 years of your life laughing and waiting for nothing !!!!!!!!.....read the documents again, especially the POR 7, the chapter 11 closing, and the GSA.....finally, a chapter 11 does not guarantee that shareholders get the estate... if it were a chapter 7, then shareholders would get any funds after claims are paid.... you know nothing!!!!... get back to laughing to old age... Lodas
~ hmmmm, another irrelevant interruption ? (SMH) ... COOP's NationStar's Mortgage LLC being reported as the only operational Sub ?, is hilarious ! ! ~
as well as the irrelevant interruption's LOL'
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174029785
the statement / question was specifically presented ! ! ...
just sayin'
AZ
John
I have as well suggested that COOP amy very well stay public and that the PARENT will become a stock mill( like a puppy mill) where they buy and fund companies, spin them off and operate them under COOPS umbrella as a sub..........WMI (THE CONGLOMERATE) creates or buys a company HOLDS say 51% of it's stock at the conglomerate level and spins the rest off to COOP( or COOPS gets their 2.5%) and keeps doing this time and time again.
NOBODY WASTES the opportunity to have this KIND of MONEY and not put it to work.
THE GIFT THAT KEEPS ON GIVING
~ John, Correct and I Agree ! ! ... the mr cooper group / COOP, as an SEC allowed corporate "registrant" ONLY', ... reports only ONE' operational Sub, NationStar Mortgage LLC ~
and obviously, ... NationStar Mortgage LLC' was merely a "Loan" servicing sub' "ACQUIRED" as part of the acquisition of the NationStar group in 2018 ... AND' continues on as merely a "Loan" servicing sub ...
... NOW ?' ... the mr cooper group / COOP, maintains its position in the corporate structure of (XXXX) as merely an acquired subsidiary group' ...
Trading symbol WMIH / COOP allowed for a money making project ... as it rose from the single digits to the current pps' ... (the Gallagher / KKR ride) ... thanks' for giving the opportunity to recover initial losses' ...
it's the Big Dog (XXXX) and it's sub WMIH ... that is now relevant ! ! ... I'm very pleased that I acquired WMB Bonds, ... and properly released P's, K's, (?, hopeful, but not sure). and the WMI Holding Company common share uq's, in the WMI Plan of Reorganization ... (CT's as well of course) ... ALL purchased according to the given' guidelines' ...
just sayin'
AZ
SISI
As all here know , I have suggested that for years on end, that we WILL IN TIME hook up with LEH (60 bill in NOLS) and possibly Fanny and Freddie as well ANDDDDDDDDDDDDDD I STILL SEE THAT HAPPENING . I'm Glad you too have now apparently come to that same conclusion as well....................With the types AMOUNTS of money we have and its ABILITY to make money, we could sure use THE LEH NOL's.
Now along those lines, I truly believe the REAL HOOK UP will be on the private side with WMI/LEH/Fanny/Freddie combined as the parents, with WMI being the GREAT GRAND PARENT since theye have the money but the others bring value in their own right, NOL's and mortgage handling capabilities ect and MBS's
"""A HUGE MEGA MULTINATIONAL FINANCIAL CONGLOMERATE"" , the likes of which have never been see before
AZ, I agree with you COOP is over leveraged. It appears though legacy WM owners own the last two bond issues. And if you add the need to cleanup the mess from Project Eclipse it might be easier to take COOP private. Yes COOP is an independent operation but are still just a subsidiary.
Semper Fi
Not that my vote matters but I’ll second that!
Her own words:
RAGGI
UHHHHHHHHHHHH NO LET's not and say we did
When we berate Sheila Bair, we do her an injustice, because the title of her book, „Bull by the Horns: Fighting to Save Main Street from Wall Street and Wall Street from Itself“, proves that she was actually on our side, protecting us from that diabolical club on the East Coast, Wall Street. In fact, she did something good for us, because money corrupts character! She saved our salvation by taking the money away from us and to the East Coast, which was unmistakably an active fight against Wall Street with our money.
Indeed, life is much easier with empty pockets, the pressure of responsibility disappears, you can float above it all with relief, almost like an innocent angel. Yes, it feels wonderful, almost heavenly, when you can let go, almost divine. We should be grateful to Sheila and repay her for our salvation by lobbying Pope Francis for her canonization. Let us not wait much longer, let us send a delegation of saved souls to Rome and ensure her eternal remembrance🕊
Hallelujah!
GoGooooooCOOP!
👉👉👉$COOP BOD:"...our STRATEGIC FOCUS is now SQUARELY on RETURN ON EQUITY..."
...said the COOP BOD at the last earnings call
See: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173821650
Good morning people Hi DB4D , A reply in jest , Be it a Soapbox race or a Nascar race a W isssss a W, and datzzzz dat wit dat 😉😂
GoGooooooCOOP GLTA,ERIN GO BRAGH -Ts😉
The official doc's of the debtors not the HOLDING COMPANY THAT THEY COULD NOT BREAK THE CORPORATE SHIELD TO... Isn't that bankruptcy ch 11 over?? YES it is... So kids whats the difference in a Ch7 vs Ch11 again... Yea ch 11 is an ongoing concern... Some here do not want to know the truth... They refer to only part of the picture... hahahahaha Can we buy or sell our old shares?? Nope... Can you do anything but wait?? Nope... So how much does the FDIC have again???? 299,000,000,000.00 yes kids 299 billion... They forget facts that make their rants look stupid but stupid is like a box of rocks. It's missing a few pebbles... Can't fix stupid...hahahhahahah
Have a great day!!!
EXO
WMI has made it very clear .............. ALL THE OFFICIAL DOCUMENTS STATES THAT ALL ASSETS BELONG TO THE REORGANIZED DEBTOR.... in addition, Release claims are forever barred from further recovery if one signed them..those who did not sign will have to initiate a court action to prove your rights to further recovery.....I posted the links to these documents many times, but some refuse to read them, in the belief that WMI is joking, or that they possess more knowledge than WMI....for those of you that have waited 12 years for recovery, there will be none... these words are not from me , but from the official source which is WMI, Now WMIH....read the documents newflow, and quit searching in dumpster bins for some clues... smarter lawyers than you wrote these chapter 11 documents, and they are airtight......Lodas
Accredited investor would a true accredited investor would have held for more profit…….
Pardon me, I meant "average yearly increase in COOP price" on that second line, not per capita. I was mixing in wording from a completely different topic.
Diet……getting ready for more green…..coming soon
Hi COOP people, I thought I'd share some pretty cool info I just calculated.
Over the past 5 years, the average per capita increase in COOP price has been a multiple of 1.38 over the previous year, which is a tremendous rate of return. As this is exceptionally high, lets imagine the speed of growth cuts in half (worst likely case scenario). I know there are people of various ages here, so I've given both a ten and twenty year growth period.
At a multiple of just x1.19/year (half our current growth rate/year), we arrive at $416 by 2034, and $2,372 by 2044.
And if rate stays at x1.38/year (our current five-year rate/year), we arrive at $1,829 by 2034, and $45,804 by 2044!!
Even the more conservative numbers are pretty eye popping! Obviously it's safest to factor for the lower number, but in truth it'll may be in the middle.
Good on all of you COOP investors.
-Vodka
That is true.
JHD
THIS INDICATES MERGER/ACQUISITION SOON IN 2024.
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
https://www.sec.gov/Archives/edgar/data/1876566/000187656623000001/xslFormDX01/primary_doc.xml
I received a notice from Charles Schwab.
The trade settlement period will be shortened to one day beginning May 28, 2024.
Trades executed on or after May 28, 2024 will settle on the next business day (T+1) for most U.S. and Canadian securities traded on U.S. exchanges. Currently, the settlement period is two business days after the trade date (T+2).
New shortened settlement period reduces risk.
This is an industry-wide change for most security transactions, which includes stocks, bonds, municipal securities, exchange-traded products, unit investment trusts, certain mutual funds and limited partnerships that trade on an exchange. The T+1 settlement period may benefit investors like you by reducing credit and liquidity risks present between the trade date and the settlement date.
Your next steps.
There are no actions for you to take. The new T+1 settlement period will automatically be applied for any new trades executed on or after May 28, 2024. There will also be no change to the settlement period for options or futures as they already use the T+1 settlement period.
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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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