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~ SMH', I DID NOT Say That' ... ~
... COOP' is the result of a 2018 acquisition, and is currently merely being used', as a convenient "registrant" ...
... P's were / are bonds, ... common shares (wamuq) ALWAYS own the estate' ... COOP does NOT represent the entire estate' ... it was all of those 75/25 split projections, and retained earnings crap that messed Everyone' up ... except for ol' cactus, nope, not this cowboy' ...
"Know What You Own"
I Have Been Consistent' ... AND' ... ol' cactus never drank any of the koolaid flavored coffee' ... LOL' ... "sloppy and poorly researched material"
just sayin'
AZ
~ My "COOP" as the "registrant" LOL' Thoughts ... There Is A Third Private Rights Offering Coming On The Horizon' ~
... all of the old timers remember the first two' ... right ? ... and the second one, allowed for the acquisition of a necessary "servicer" ...
just sayin' :)
AZ
AZ. Thanks. So nothing for P’s?
~ LOL', ... Hmmm ? ... Yepperini', (XXXX) Will Show Itself, Very, Very, Soon' IMO' ... LOL' ~
... for a WMB Bond Direct Owner cowboy', ... it was the WMB Bonds that originally revealed the process, that was still to come a while ago' ... LOL'
Good Luck to Everyone that has maintained their ownership of their WMI Holding Company's 2012' Reorganization's ... Released Common Shares ! ! ... wamuq's ...
As ol' cactus has stated many, many, times, ... the Released P's are and continue to be, connected to the WMI / to the WMIH Preferred Managing Sub' ... (XXXX) will be taking over' ... lock, stock, and barrel ... Everything' ! ! ... NO 75/25 splits of anything, and NO retained earnings cerap ! ! ... sorry guys'
Abba Da Ayy' ... Have A Nice Day'
Oh and XOOM, if ? we are completed or announced' still within the 1st quarter of 2024' ... (that's my opinion, anyway) ... calculate your numbers back to the 18th' ... and always, "Watch Your Six"
... JB92106, Thank You ... YOU are the / a true genius ! !
just sayin' :)
AZ
Great benefits for those that own JPM stock
Buy shares in coop and then you can criticize….he k you do not even own old equity..
This is a rich environment for "" THE PERFECT STORM"" to hit the markets, thunk about it !
DJI been popping all time highs, COOP popping all time highs, yet ya have foreclosures on the rise and inflation out the YAHOO, but the MARKET ACTS LIKE ALL IS WELLLLLLLLLLLL.
At the same time over the last 6 months we hear of DA BOYZ going to cash and selling stocks............................. COOP shouldn't have a problem as they only service loans and that servicing will still be needed AND as banks fold their portfolio's will be being sold off and that bears well for COOP as well and probably why the forward guidance that they will hit/ top a trillion in the coming year
ALSO why they WON'T BE SELLING XOME
TICK TOCK IT IS COMING
If this is not us, I will withdraw, because we have been stolen from.
"Exhibit 99
JPMorgan Chase & Co.
383 Madison Avenue, New York, NY 10179-0001
NYSE symbol: JPM
www.jpmorganchase.com
LOGO
News release: IMMEDIATE RELEASE
JPMorgan Chase to Redeem Four Series of Preferred Stock
Represented By Depositary Shares
New York, March 21, 2024 – JPMorgan Chase & Co. (NYSE: JPM) (“JPMorgan Chase” or the “Firm”) has announced that on April 30, 2024 it will redeem all of the 100,000 outstanding shares of its Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series U (“Series U Preferred Stock”), and on May 1, 2024 it will redeem all of the 150,000 outstanding shares of its Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series Q (“Series Q Preferred Stock”), all of the 150,000 outstanding shares of its Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series R (“Series R Preferred Stock”) and all of the 200,000 outstanding shares of its Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series S (“Series S Preferred Stock”). The shares of Series U Preferred Stock are represented by 1,000,000 depositary shares (CUSIP: 46625HJW1), the shares of Series Q Preferred Stock are represented by 1,500,000 depositary shares (CUSIP: 48124BAC9), the shares of Series R Preferred Stock are represented by 1,500,000 depositary shares (CUSIP: 48126HAA8) and the shares of Series S Preferred Stock are represented by 2,000,000 depositary shares (CUSIP: 46625HJQ4). Each depositary share represents a one-tenth interest in a share of Series U, Series Q, Series R or Series S Preferred Stock, respectively. The redemption price per share for the Series U, Series Q, Series R and Series S Preferred Stock will be $10,000 (equivalent to $1,000 per depositary share).
Payment of the redemption price for the Series U Preferred Stock will be made on the redemption date of April 30, 2024, and payment of the redemption price for the Series Q, Series R and Series S Preferred Stock will be made on the redemption date of May 1, 2024, in each case upon presentation and surrender of the depositary receipts evidencing the depositary shares to be redeemed to Computershare Inc., as Depositary, at 150 Royall Street, Canton, Massachusetts 02021. Depositary shares held in book-entry form shall be surrendered in accordance with applicable procedures of The Depository Trust Company.
April 30, 2024 will be the final dividend payment date for the Series U Preferred Stock and the depositary shares representing the Series U Preferred Stock. The record date for that dividend is April
Investor Contact:
Mikael Grubb
212-270-2479
Media Contact:
Joseph Evangelisti
212-270-7438
1, 2024. In addition, May 1, 2024 will be the final dividend payment date for the Series Q, Series R and Series S Preferred Stock and the depositary shares representing those series of preferred stock. The record date for those dividends is also April 1, 2024.
JPMorgan Chase & Co. (NYSE: JPM) is a leading financial services firm based in the United States of America (“U.S.”), with operations worldwide. JPMorgan Chase had $3.9 trillion in assets and $327.9 billion in stockholders’ equity as of December 31, 2023. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and asset management. Under the J.P. Morgan and Chase brands, the Firm serves millions of customers, predominantly in the U.S., and many of the world’s most prominent corporate, institutional and government clients globally. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.
# # #
Investor Contact:
Mikael Grubb
212-270-2479
Media Contact:
Joseph Evangelisti
212-270-7438
Good day, folks,
but how nice, I read some interesting opinions,BOB AZC. about the XOM.
Folks logic sometimes works even in the shark world of Wallstreet.
Yes you rightly said , that the coop does not own xom, the coop IS ONLY A REGISTRANT.
Yes the coop is not in a position to decide how and when xom will be sold, or not. It will be decided by the so called XXXX.
Yes it is true JPMC cannot buy anything else, JPMC still has to pay what it received from the FDIC, the WMB.
Yes it is possible, that the old WMI will soon wake up and buy everything, the money is available, maybe it is even better than receiving liquidity, the old lawyers who gave their consent will all be happy, even though 15 years have already passed.
By golly, this forum is getting clean, nice to read constructive dialogues and not the rantings of a few bought up people.
Happy weekend folks, the plane will take off in 3 hours 12 hours of flight time.
TICK TOCK TICK TOCK
Interesting, with such a Bullish Outlook you would think we would see higher volume.
Genius Bar: Why is the volume so very low? This morning I see time gaps of 8min (9:45 - 9:53), 8min (9:53 - 10:01)... Hmmm?
~jb
$COOP price targets====>DEUTSCHE BANK👉$88, Piper Sandler👉$88, UBS👉$86, Wedbush👉$85, KBW👉$81, Barclays👉$80, Compass Point👉$76
All though I said this was coming I was POO POO'd off that the economy was in great shape, WELL IT HAS STARTED
Some states are handling the problem better than others, which is to be expected, but the simple explanation for this is that more and more people are struggling to afford the cost of living. Biden is ruining people’s lives.
The FOX Business Network reports:
Home foreclosures are soaring nationwide – and rising fastest in these 5 states
Home foreclosures rose again in February as Americans continue to grapple with the ongoing cost-of-living crisis.
That is according to a new report published by real estate data provider ATTOM, which found that there were 32,938 properties in February with foreclosure filings, which includes default notices, scheduled auctions and bank repossessions. That marks an 8% increase from the prior year, although it is down 1% from the previous month.
“The annual uptick in U.S. foreclosure activity hints at shifting dynamics within the housing market,” said ATTOM CEO Rob Barber. “These trends could signify evolving financial landscapes for homeowners, prompting adjustments in market strategies and lending practices.”…
Housing affordability is the worst it has been in decades, thanks to a spike in home prices and mortgage rates. Combined, the two have helped to push the typical salary required nationwide for homeownership up to $106,500 — a stunning 61% increase from the $59,000 required just four years ago, according to Zillow.
Far to many bought houses to the very edge of what they could afford because of low interest rates, b.ut what they did NOT TAKE into consideration was the issue of inflation or the costs of maintaining a much large home. Then couple on the rises we have all seen in taxes dues to higher valuations the same is true with insurance costs, gas bill, electric bills, repair bills
This is why I suggested that going into a time where foreclosure are getting ready to ramp up, COOP WILL NOT sell XOME,
1. I do not think they have control of it(own it) or have been told NOT TO SELL IT
2. Going into a climate of coming foreclosure it would be a idiotic thing to do as it would become very useful and a profit maker for COOP
EDITED
I took all political comments out of the article
One share traded @ 81.88.
$81.88 pre-market? What is going on? Some news?
insert-text-here
JPM:COOP pps ratio seems to be stuck at 2.5 for a bit now
200 / 77 = 2.5 approx
Both JPM and COOP at an all time high
Good morning people, They have COOP OTIS crazy numbers this morning 81 to 83 lol As all here know the before the bell numbers are not to be trusted/counted on, with COOP OTIS but I have those numbers two diff sites ,
Anyhow I have things to do today so happy trading day to alllll Seya at buzzer time
TGIF Babeeeeee
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 😉
The law only favors those with connections! Anyone else would be spending time in prison.
Why not just email him to confirm your theories…
2.6 Transfers of Avoidance Actions Trust Interests.
(a) General. Avoidance Actions Trust Interests shall not be transferable or
assignable except by will, intestate succession or operation of law.
(b) Book Entry System. The Book Entry System shall include a register (which
may be electronic) setting forth the names and addresses of the Avoidance Actions Trust
Beneficiaries, and the amount and class of their Avoidance Actions Trust Interests from time to
time. Any transfer or assignment of an Avoidance Actions Trust Interest by will, intestate
succession or operation of law shall not be effective unless and until such transfer or assignment
is recorded in the Book Entry System, which shall be completed as soon as practicable. Subject
to Section 2.4(d) hereof, the entries in the Book Entry System shall be conclusive absent manifest
error, and the Avoidance Actions Trust and the Trustee shall treat each Person whose name is
recorded in the Book Entry System pursuant to the terms hereof as the owner of Avoidance Actions
Trust Interests indicated therein for all purposes of this Trust Agreement, notwithstanding notice
to the contrary.
https://cases.ra.kroll.com/PRAATrust/
Another case Mr.Smith will be engaged with atleast for a decade imo.Same language like wmilt about book-entry.
Thank you BBANBOB for bringing this back up. I never did understand how the law allowed JPM to get away with this.
"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"
I would agree, but with the Laws being ignored left and right , by 'the favored', who knows?
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
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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
WMI Equity Escrow Calculator
WMIH: Here's how old shares relate in value to the new shares.
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