Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
~ Hmm', I Could See How the 2018' Acquired' sub grouping' ... "COOP" ... would need to offer some sort of financial recovery to the "Original Releasing Owners" of the actual WMI Holding Company's 2012 Reorganization' ... ~
To Me ?, This concept actually makes the most sense out of all of the ... "cock-a-mamey" ... hundreds of billions' coming back and any chapter 11 reorganization for the WMI Holding Company being allowed to reorganize with billions of dollars in retained earnings allowed to be listed, NOT' ... my opinion of course'
some thought went into this ... nice work' ... it would be nice to end all of this' ... this could work
oh, and just for continuity, ... the GSA was settled between WMI and the FDIC' pre reorg' ... and the Dual Track in Judge Collyers Court settled with "Globic" post reorg ...
Oh and added: ... LOL' I threw my calculator out a few years ago' LOL ... I'll let a few of you others consider the numbers' ... LOL ... I'll be just fine with any ending and final result' ... as stated, I've already pulled out my WaMu costs from the COOP' profit train, rolling up from the single digits into the $50.00 pps share ... with enough COOP shares still left to pay attention ! ! (pun intended LOL)
have a nice day people'
just sayin'
AZ
I must be missing something still, $73 div by 12 is $6.08 that seems to be a very long way from .18 SPLAIN ME PLEASE in all sincerity
TIME TELLS ALL RD
The 18 cents was without factoring new shares. That’s current reality of commons .
Now if we factor in new shares it will go up. But 18 cents is current reality. Wouldn’t call it fair as of this writing.Even if COOP pps is $73, when translated into legacy WAMUQ, for those who did not buy more COOP, is still around 18 cents.
They are afraid to allow me to explain to the group that our value is not transferred in the Bankruptcy. The settlement had the goods that Brian Rosen could not get his hands on and have always used the bankruptcy to hide. Our legal representation from the Hedge funds settled outside of BK. Why would BR still be involved if there was not an outside settlement to Escrow/Legacy/ and remote assests. Read all Lotus BS only using the BK language. All Trust or remote assets language is completely separate and has become the great deception from the Rosen/Lotus machine. He thinks he is the master of the universe while being the demon of samantics. The definition of a lawyer. They will burn.
Royal
Lotus
Re: None
Monday, March 18, 2024 8:25:22 PM
Post# of 724726 Go
sadly. what some people on this board expecting more recovery dont understand is that THESE COMPANIES CEASE TO EXIST ANYMORE!!!....... when the chapter 11 was ratified and closed, and release signatures were secured, these companies went into lala land, or oblivion, and buried...a new corporate structure emerged from the old remains with no ties, or obligations to the old equity holders, AND THERE IS NO OBLIGATION TO MAKE THEM WHOLE AGAIN!!!!!!!....if you signed a release, then you gave up all your rights to any former values in the old company... if you did not sign a release, then you have to go to court and sue to get your values returned to you.... 6 that simple... for those of you who have waited, and are waiting to be made whole, you are waiting for a train that derailed on the tracks 12 years ago.....everything posted concerning returns, without documentation is hope and fantasy, and a waste of time....Lodas"
"WHAT: DTCC will be conducting a test of our business continuity and disaster recovery plans. As a result of this testing, DTCC’s Institutional Trade Processing (ITP) TradeSuite ID ® service will be temporarily unavailable. Although this system testing will impact some processing schedules, regular processing and access will resume immediately following the exercise.
WHEN: Please be advised ITP’s TradeSuite ID system will be unavailable between 12:00 PM ET Saturday, April 6th, 2024 and 12:00 PM ET Sunday, April 7th, 2024.
FOR MORE INFORMATION: If you have any questions, please contact us via MyDTCC or contact your Relationship Manager directly.
I see you are still working on buying escrow holders shares!! Hmmm !! I’m not a huge believer in this share compensation of coop shares our escrow shares!!
XOOM
Not sure how you figure this....... IF you were to get new shares @$71 TODAY, on top of what you have already gotten and you pay nothing for them, please tell me how they are only worth .18., seems to me they would be worth their trade able current value, over and above what you have already received.
Now granted the ones you have now are only worth INCLUDING ALL OF THE RV's are only worth .18 according to you but how is that even possible?????????
$71 divided by 12=s 5.91
ALSO how many paid .01 to .10 and or didn't avg down if they were able? Heck even MW paid .20 and $5.91 divided by .20 is a pretty darn good return 20.99 X's ROI based on $5.91
Not saying that we were treated fairly, but I see NOTHING negative about possibly getting additional shares today @ $71 and ifin you don't want them if this happens I AM SURE there are many here that would gladly take them for you
What are you afraid of…..that lodas is right…if you want him to stop posting….show him the truth as to why he is wrong…very simple….
I do not even see the name LODAS , unless someone responds to his post and I see it is in response to him, IGGY here on IHUB takes the poster out of the lime light
If there is a crash….. I am ready for it…..coop is the tell….hope you are in or you are buying coop…
Why not just email him and ask him what you’re thinking…
Maybe you are just wrong and just need to quit talking because nobody wants to hear you.
Thanks LG, so what would that pay old preferred owners?
JHD
man your the BEST....YOU got a answer for EVERYTHING !!!!!!!!!!!!!!
read the official documents again, or get a lawyer to read them for you... YOU ARE NOT A SHAREHOLDER ANYMORE IN WAMU, AND NO RIGHTS TO ANY POST CHAPTER 11 ASSETS (THERE ARE NONE) OF WMI.......!!!!!.........I am getting tired of repeating this stuff to you guys who do not read the documents..... the only thing that was said in court, or out of court thats matters is WHAT WAS AGREED TO AND SIGNED BY THE JUDGE AND FILED ON AN SEC DOCUMENT!!!!!!!!!!!!!!!!!!!!!!Lodas
Rosen said in court: There are assets other than these equity committee can go after those assets. Second if nothing exists why they changed interest rate on Ps?
Big guys will buy puts before market crashes. Makes sense.
It’s less than 18 cents per share (UQ)
So made out well is completely false for a 15 year hold.
WMI Entities: WMI, WMI Investment, Ahmanson Obligation Company, H.S. Loan Corporation, WAMU 1031 Exchange, WM Mortgage Reinsurance Company, Inc., WM Citation Holdings, LLC, WMI Rainier LLC and Washington Mutual Capital Trust 2001.
(https://www.sec.gov/Archives/edgar/data/933136/000090951812000087/jg02-2712_8ke21.htm)
--------------------------------------------------------------------------------------
“WMI Entities” shall mean WMI, WMILT, WMIIC, together with their present and former subsidiaries, affiliates, successors and assigns, including, without limitation, WMI Holdings Corp.
(https://www.sec.gov/Archives/edgar/data/1545078/000090951815000162/mm06-0115_8ke101.htm)
--------------------------------------------------------------------------------------
Which are the WMI entities now??
is Woodway fiduciary & advisors LLC a current WMI entitie??
Phone: 2066612310
Email : CHARLES.E.SMITH.WMI@GMAIL.COM
Clinton
""So fair and reasonable going from 1.8 billion shares before reverse splitting 12 to 1""
Only 1.2 elected to participate and if you were to get shares valued @ 71$ when ya paid pennies for them even after a 12/1 seems you'd make out pretty well, UNLESS YOU WERE A PRE
Brian is this you?
You’re obviously wasting your time by continually reading, critiquing and responding to the opinions of others.🤔 Geeezzzzz, Hollywood, gotta script for ya, it’s a good one!
So you've already linked a certificate of dissolution (or equiv) for WMI, and everyone missed it?
For that matter, does COOP still exist? Technically, I shouldn't be questioning the obvious, but you don't seem to be right in the head.
Lodas,
I think everyone has heard you. If people want to believe something, let them. I think EVERYONE on this board that have been here since the beginning already has their mind made up on what they want to believe. The newbies that came after and follow COOP don't have escrows ( worthless or not ) to even talk about so you are not talking to them anyway. Stop beating your head against the wall. If someone wants to believe they MAY get something back, let them. It's not hurting anyone.
"So if one had 200,000 old commons ÷ .03 ÷12= and recieve apx. 500 new shares x 75.00ish currently price per share=roughly 37,500.00? Wow sounds too good to be true....not!"
You got that right. $37,500/200,000 = $0.1875 :(
sadly. what some people on this board expecting more recovery dont understand is that THESE COMPANIES CEASE TO EXIST ANYMORE!!!....... when the chapter 11 was ratified and closed, and release signatures were secured, these companies went into lala land, or oblivion, and buried...a new corporate structure emerged from the old remains with no ties, or obligations to the old equity holders, AND THERE IS NO OBLIGATION TO MAKE THEM WHOLE AGAIN!!!!!!!....if you signed a release, then you gave up all your rights to any former values in the old company... if you did not sign a release, then you have to go to court and sue to get your values returned to you.... its that simple... for those of you who have waited, and are waiting to be made whole, you are waiting for a train that derailed on the tracks 12 years ago.....everything posted concerning returns, without documentation is hope and fantasy, and a waste of time....Lodas
So if one had 200,000 old commons ÷ .03 ÷12= and recieve apx. 500 new shares x 75.00ish currently price per share=roughly 37,500.00? Wow sounds too good to be true....not!
If you are just referring to WAMUQ legacy commons
First R/S was times 0.03
Second R/S was /12
So if you had 1 million WAMUQ legacy common shares :
After first R/S during the 2012 reorg = 1,000,000 * 0.03 = 30,000 shares
After second R/S = 30,000 / 12 = 2,500 shares
Now for the bigger picture, only 1.19 Billion commons released in 2012. You multiply that with 0.03 you get 36 million shares for commons
Sadly the 2 reverse splits do reduce the share count and also the $$ value drastically .
So fair and reasonable going from 1.8 billion shares before reverse splitting 12 to 1 twice and now deviding somewhere between 9 and 36 million shares for common holders, essentially the equivalent of 1.8 billion shares in value?
throwing stuff against the wall and hoping it will stick is not the way to make HJCE.....why wont you ever quote what the official documents revealed 12 years ago?.. the company that supposed to give you stock or money does not exist anymore... it was cancelled, extinguished, and all rights to former prospectus were deemed null and void........this is the law, not your speculations....Lodas
In spite of all the fines, JPMC, JD and all the top brass are banking, pun intended! Nothing has changed since the last Financial meltdown and the snatching of WAMU!
JPMorgan Chase Pays $348M Penalties by Fed & OCC
https://news.bloomberglaw.com/banking-law/jpmorgan-chase-pays-348m-penalties-by-fed-occ-1
JPMorgan Chase Bank pays a $250 million civil money penalty imposed by the Office of the Comptroller of the Currency related to deficiencies in its trade surveillance program.
Separately, the Federal Reserve Board fined the firm about $98.2 million for an inadequate program to monitor firm and client trading activities for market misconduct
The board’s action requires JPMorgan to review and take corrective action to address the firm’s inadequate monitoring practices, which occurred between 2014 and 2023
Ts
This year, before the stock market crash.Big boys wants the cash before the market crash (2025 is the year of the biggest market crash in the last 100 years)
Pick, will not affect you financial in any way, shape, or form. It only apply to the ones that signed and released.
When do suppose this happening 2034….
ALSO I'll suggest that P's will have NO CONVERSION CLAUSE to commons in their prospectus and POSSIBLY can only be sold back to the company
LG
""More than likely we will be issued 1-1 P as they have ten million authorized and shelf-ready preferred set to issue""
with NO FACE VALUE assigned to them as of yet
JUST MAYBE…….you doubt it even though you post it….
More than likely we will be issued 1-1 P as they have ten million authorized and shelf-ready preferred set to issue
As BANBOB just said all the 36M shares go to commons
The numbers are cute. Will be fun to see.
Time will tell for all accredited investors.
Be well
$27
I think they give the whole 36 mill to commons and P's get new P's which should get commons real close to back at 51% ownership
" roughly 27M shares for the Preferred "
How many shares per P?
I still say they went back in T stock and like ya say if not they have 250 mill left they can issue
Or if someone wants to say those commons purchased back are cancelled, so be it then as they can just issue new set of 36M commons however they are smarter than that
…
AND AGAIN IF THE whole 36 MIL IS USED to go to commons we are right back where we started @ 100 mill and then issue prefrds
I've always said they are buying these back on the cheap and they will be used to pay off commons........ AND put them in T-stock where many say they have been retired
REMEMBER, COOP has ten million authorized and shelf-ready PREFERRED shares to use on a minute’s notice and they can use 1K, 10K, 20K denomination they or any amount they want
…
>>>>HIGHLIGHTS from the last COOP 4Q'23 EARNINGS CALL<<<<
Recording of the webcast: https://edge.media-server.com/mmc/p/y3cdmnwt/
Presentation: https://s1.q4cdn.com/275823140/files/doc_financials/2023/q4/4Q-23-Earnings-Presentation-FINAL.pdf
Transcript: https://www.fool.com/earnings/call-transcripts/2024/02/09/mr-cooper-group-coop-q4-2023-earnings-call-transcr/
My favorite parts are...
The WMIH merger brought us 1 billion in deferred tax assets. At the time, there was skepticism about their value.
Today, we have realized 63% of that balance in the form of incremental cash flow, which has helped us exceed expectations in terms of both growth and stock repurchase. So, where are we going from here? We're now seeing some of the best growth opportunities in the company's history. And we will continue to grow our servicing portfolio as we have for the past 15 years. But our strategic focus is now squarely on return on equity, which shouldn't surprise you since we've been commenting on ROTCE on every quarterly call.
But we will work diligently to compound tangible book value at a double-digit pace which for us is an exciting prospect.
But I don't think one-time tangible book is the end of our story, not by a long shot. Certainly not for a company with such a successful track record and now such an impressive leadership position.
Title of the Class of Securities To Be Sold Name and Address of the Broker Number of Shares or Other Units To Be Sold Aggregate Market Value Number of Shares or Other Units Outstanding Approximate Date of Sale Name the Securities Exchange
Mr Cooper Group Inc
Merrill Lynch
1301 Gervais Street Suite 1500
Columbia SC 29201
29166 (2131742.00 64602234 )03/18/2024
Nasdaq
THe share price today is 73$ you do that X's the outstanding of 64 mill and you are at 4.7 bill $$$$$$ not 2.13 bil
RECENT COOP FILING – THE PUZZLE NOW FIGURED OUT – JUST MAYBE
https://archive.fast-edgar.com/20240318/AS2E422CZ22EI2Z2222P2CEZA7GSZZ62B262/
JUST maybe with the help of BBANBOB plus some others who agreed with us like Cura Asada, Dmdmd1 and others that the COOP merger with NSM was not totally completed and POSSIBLY there is a positive finale. At least until they issue the owners of the former WaMu Estate who signed timely releases by 3/2012 shares.
These same investors just mentioned also agree that COOP does NOT totally own XOME as for years they have talked about monetizing XOME worth roughly one to two billion. Strange, after multiple years they cannot monetize XOME and we have said this is because COOP does not totally own XOME until they finish issuing the shares. More than likely this ownership of XOME is tied up in a DST owned (75/25) by those investors who signed timely releases.
***NOW LET US LOOK AT SOME NUMBERS***
• Post COOP 12-1 RS around Oct/2018, the outstanding COOP shares became roughly 100M
• The recent filing above shows around 64M COOP outstanding shares after a multitude of COOP buy-backs
• The difference is now 36M shares of COOP which MAY BE owned by timely signed investors
• If these 36M shares (36M + 64M) are given back to timely signed investors, then this takes the outstanding COOP shares back to around 100M but lowers the COOP price to roughly $50.00 a share based on current prices of around $72.00
• Now we have heard that XOME should be worth around 2B or so, NOW figure in 2B ($20.00 a share) on those 100M outstanding shares and WOAH back to $70.00 plus a share
• NOW figure the 75/25 ownership on the 36M shares and guess what you have roughly 27M shares for the Preferred and 9M shares for the Common
• Hopefully, these shares are coming soon to a timely-signed-released account near YOU
...
BB. LOL.But !
"As of this post the stock seems to be still moving in a upward trend so far ( ya just never know with these little left over numbers)" All joking aside I do understand This stock should be named COOP OTIS, Hey we've all seen this before and might in the future, one can hope for the next level 😉 GLTU bud
Ts
Followers
|
1761
|
Posters
|
|
Posts (Today)
|
48
|
Posts (Total)
|
733168
|
Created
|
11/07/07
|
Type
|
Free
|
Moderators Large Green xoom GO4AWILDRIDE stoxjock ron_66271 Split T |
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
WMI Equity Escrow Calculator
WMIH: Here's how old shares relate in value to the new shares.
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |