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Will you be playing the same game…..I know something you don’t know…….
JWW
"""and my estimated value of XOME, a value of $120+ is justified, or even $150+ when they monetize XOME, which is still a stategic initiative according to the COOP BOD"""
I still suggest that even IF IF IFIN IT IS EVER SOLD IT WILL BE SOLD TO A FAMILY MEMBER and HMMMMMMMMMMMM it may be negotiated that the values supported are just used to pay down the DEBT BORROWEDFROM A FAMILY MEMBER TO BUY NSM........................Remember some one, some entity (LMAO).loans the company the money to buy NSM.
I KNOW EXACTLY WHO I THINK THAT WAS(HMMMM) and it wasn't the TOOTH FERRY more like a really wealthy GRAND PARENT
You know parent of a parent of a parent........................ AS SHE RISE FROM THE ASHES
Around $100 is what we can expect based on the Cup and Handle BREAKOUT (based on the chart). Based on the fundamentals like EPS, and a multiple of book value, and my estimated value of XOME, a value of $120+ is justified, or even $150+ when they monetize XOME, which is still a stategic initiative according to the COOP BOD.
Thanks JWW...in you opinion where is the next level we should hit...(timing). Close to $90 by mid August?
JHD
Been a while since we have seen COOP locked in a trough(the 50's) but it appears it is again.......
Show us the Money!!!!!
Thanks JWW...in you opinion where is the next level we should hit...(timing). Close to $90 by mid August?
JHD
Not jumping on you at all hope you know that, just pointing out issues that counter the idea that there is nothing left.
1. Debtors and their risking IT and buying hand over fist PREFERREDS (remember JUDGE made OWL CREEK dispose some 800,000 K prefrds)
2. UW's fighting and spend 1-2 mill PLUS to fight ALICE over their 1% and their refusal to move to CLASS 22 where they should have been.
3. HOW do you AUDIT within a BK case and introduce those values in a BK case, when those assets are NOT INVOLVED IN THE BK CASE???? Since they had been legally transferred into SPE/1031 Exchanges/DST ?
4. Can't open a trust DST with no assets
5, Can't do a 1031 Exchange with no assets derived from a sale of property
6. 3 ACCTS at WELLS FARGO
It would be akin to your filling a BK and them wanting to AUDIT and expose your UNCLE's assets in your BK case, sorry but it don't work that way
YOU ARE NOT ALONE
Strike
THINK REAL HARD about this statement
""we had a horse in the race... but the race had already begun, without us (equity). Don't forget, the takeover was planned well in advance... and therefore, only those on the inside at that time (before takeover) understood what not only was going to happen, but had THEIR ducks all in a row before that fateful day"""
IF IF IFIN that in fact WAS/IS the CASE, why then did TEPPER E'TAL risk everything with their insider TRADING SCHEME (AFTER THE TAKE OVER)????????????????? AND GOT CAUGHT, which ALLOWED US to ALL participate albeit the JUDGE did slap them pretty hard with the payout matrix that was COURT ORDERED NEGOTIATED AGREEMENT to allow all to participate.
When this all settles down and pays out, I feel many here will see JUST HOW MUCH THE JUDGE COST them with her slap down
IF we lose they TOO LOSE, and I for one do not believe they would have risked everything, FOR NOTHINGGGGGGGGGGGGGGGGGGGGGGG if IF IFIN nothing is gonna be there for them and consequently AVG JOE SIX PACK LEGACY HOLDERS that hold the very same flavors that they do..............
Just my .02 cents all imho
COMMON SENSE AND LOGIC USE THEM THEY WORK .
New COOP PRESIDENT Mike Weinbach BOUGHT 17,000 common shares for an average price of 71.16, which is ~$1.2 MILLION
He doesn't expect COOP to be only $80+ or $100+ at some point in time IMO
Filing from 02/14/2024: https://www.sec.gov/Archives/edgar/data/933136/000093313624000010/xslF345X05/wk-form4_1707945315.xml
Footnote 1: The price reported in Column 4 is a weighted average price; the shares were purchased in multiple transactions at prices ranging from $70.78 to $71.3999, inclusive. Reporting Person undertakes to provide to Issuer, any security holder of Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote.
Roger that BIG... old and stale... as well as immature (to say the least).
AIMHO, STRIKE
NEW... funds... assets... did not mean $$$$... seems to me the administrators should have had a clear audit of these "assets".... where is the audit?
AIMHO, STRIKE
It ended long long ago....
Me too. This is getting old!
I agree; that XXXX stuff is getting old. Why not just come out and say this is XXXX; would certainly increase your credibility. However, by not saying this is XXXX, in the end, no one can say that you were wrong no matter the outcome. I guess some people will never take the chance that they may have to admit that they were wrong once everything is said and done.
STRIKE.....its was not about the funds, it was the assets debtors/creditors wanted for themselves and they tried their best to put Equity out of the equation.Assets not belonged to reorg WMI were put into WMILT for the benefit of creditors and equity holders thru GSA.Thats why the court appointed Administrators(former executives) to administer the Trust and its wind-up.In the FAQ released by WMILT in Jan 22 they clearly mentioned that they won't give any updates further,why?.Usually insiders are appointed as Administrators because they know where the bones are buried and they have to update original books and records.Trusts like WMILT could take 5 years to 10 years IMO.But, IMO they already parceled everything to DE and looking to buy or merge with a Bank or Bank holding company.GAME IS NOT OVER YET.
Looking forward to the day this ends.
JHD
Roger that PICK... on my calendar... can't wait... what's another date, right?
AIMHO, STRIKE
May 1, 2024……is the date……
"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)"
Hmm...OK....And next week, I am flying into NYC...where I am going to drive over a Bridge called the Brooklyn Bridge...It's a very Nice Bridge, with a Lot of History...you see...Maybe I get a proposal to sell it to you? Just think about it...You may come into a Lot of Money next week...
"Unfortunately, IMO, we had a horse in the race... but the race had already begun, without us (equity). Don't forget, the takeover was planned well in advance... and therefore, only those on the inside at that time (before takeover) understood what not only was going to happen, but had THEIR ducks all in a row before that fat but had THEIR ducks all in a roweful day. Nothing was going to prevent what rolled out after that Thursday. Whoever were the recipients of any monies, wherever they might have been, if any... are long gone and in the hands of anyone else, but equity."
" but had THEIR ducks all in a row"
EXCEPT..... They didn't get the Holding Company......OOOOOPS!
With the other 150 billion, I think they have it covered :)
Roger that BOB... I have no clue about XXXX... to not share information on this board after all this time... by someone who claims he knows who XXXX is... shameful. Congrats Cactus... you are the recipient of the DB award.
AIMHO, STRIKE
PICK... his ego supersedes all... he loves believing he is he only one who knows what's going on here... ridiculous and immature. He cannot be trusted and I'm sure the people he calls friends (in person)... think he is immature as well.
Unfortunately, he will continue with "I'm smarter than you, all". IMO... he has a S constitution and his lack of integrity on this board just keeps getting worse.
Talk about a mental condition... WOW!! No Dr can help him.
AIMHO, STRIKE
NEW... I'm not sure... but I believe he knew that the only way to make sure funds did not evaporate in the hands of others... was to make certain equity had control... some control... over the fiasco already in process. Looking back, I believe it was all (Susman's & Nelson's efforts) for nothing.
Unfortunately, IMO, we had a horse in the race... but the race had already begun, without us (equity). Don't forget, the takeover was planned well in advance... and therefore, only those on the inside at that time (before takeover) understood what not only was going to happen, but had THEIR ducks all in a row before that fateful day. Nothing was going to prevent what rolled out after that Thursday. Whoever were the recipients of any monies, wherever they might have been, if any... are long gone and in the hands of anyone else, but equity. Just my 2 cents...
Many have said it before... equity usually gets cleaned out... I believe (in the absence of any irrefutable information to the contrary) that all water has passed over the dam.
AIMHO, STRIKE
How many times did you asked and got nothing from your leader…..you are still at the children’s table..
Picky, that is not important. The key thing is now you are ‘satisfied’
Live now: not much compared to earlier today, imo. But thank you for the suggestion on format.
I used to be hopeful for escrow returns, but had decided to sell my COOP shares.
But I've done a 180...
Now I have virtually no hope for escrow returns, but this morning I bought back in to COOP.
I believe COOP has a very bright future for years to come.
Best,
Vodka.
CAUSE THEY CAN, good money day in and day out
Up a dollar down a dollar...manipulation...
JHD
The suggestion being made is that JPMC =s XXXX
I think we would should focused on how to bring this to fruition
DIDN'T SAY it was OR in SEN TOM COBURN'S WORDs
""THIS WAMU THING ISN'T OVER BY A LONG SHOT and will be taken care of""
Did say I give up, just said I'd love for it TO BE OVER and DONE WITH, we've all spent far TOOOOOO much time on this ordeal
I have HAD two in my family that will never see the outcome so far and not interested in my being the THIRD just yet LMAO
You might not be wrong:
The Preferred Managing Sub, ... Has Never Been Liquidated or Removed ... It Is My Strong Opinion that it continues functioning thru to today ... ownership of the "Original Preffered Managing Sub, IS Maintained by (XXXX)
The owner of the WMB Notes is J.P. Morgan & Co. (JPMC). While JPMC is not the direct parent of Washington Mutual Bank (WMB), it does indeed play a significant role in servicing these notes through its investment bank.
Just would like to see cactus of saying rather than playing games…..
Thank you for the reply.
This is why you are still at the kids table..
The suggestion being made is that JPMC =s XXXX
I have a problem with this in a much as I remember it being said that ""JPMC/XXXX could NOT END UP OWNING CONTROL of the surviving reorg'd corp"".
Been wrong before and most likely will be again but, this is what I remembered being said
I JUST WISH THIS WHOLE THING WOULD BE OVER and DONE WITH MYSELF and I'm sure others feel the exact same way
I believe there was but been a while, but at the time is was being referred to as ""THE CALIFORNIA CASE"" and miraculously COOP endedup getting a new servicing bundle if IF IFIN I remember correctly of 65 bill in a matter of months after that from an undisclosed source
Ok just because you asked and keep on asking, here it is:
XXX is Triple X
And if you are not ‘satisfied’ you add another X and it becomes XXXX, ‘Quadruple X’ and hoping that is ‘satisfying’
Only takes a few minutes to find out from COOP that no such parent of COOP exists.
But that doesn’t count of course - why let facts disturb a nice story?
"TOOK DB/California case a long time to let go of the 65 bill didn't it, almost a year if I remember correctly"
"a long time to let go of the 65 bill".
BBAN, Was this amount made public before it was let go? Just an announcement of actual funds would make any wait more bearable.
Who is it then? Simple question, simple answer...
Gut say libor settles JUNE/JULY who knows, then how long to distribute any proceeds we may get from that who knows
TOOK DB/California case a long time to let go of the 65 bill didn't it, almost a year if I remember correctly
If he did so….then why continue with the charade with XXXX…all he has to do is just post it stating who XXXX no games and watch what happens…why don’t you post it…..and watch what happens….
Bob we go way back to the beginning of this saga. This is very complicated and I struggle to understand it myself however I think we would should focused on how to bring this to fruition!
Semper Fi
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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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