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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 in the last earnings call...
HOLDING COMPANY WAS NOT TOUCHED SUNSHINE !!!!!!!!!!!!! FACTS ARE FACTS !!!!!!!!!!!
LATEST COOP short-interest today AFTER 4:00 p.m. ET
https://www.nasdaq.com/market-activity/stocks/coop/short-interest
But the saddest part of your post, is that you are responding to a Spam Advertisement!!!! WOW.
And, IF IF IF there is any kind of $$$ coming back to the estate, it will ALL go to impaired Class 18, and there will be nothing left for 19 and above.
If anyone on this board feels that this is unfair and unreasonable, you should file a claim with the FDIC:
FDIC as Receiver of Washington Mutual Bank
1601 Bryan Street, Suite 1410
Dallas, TX 75201-3479
Attention: Claims Agent
(888) 206-4662
$COOP price targets====>DEUTSCHE BANK👉$88, Piper Sandler👉$88, UBS👉$86, Wedbush👉$85, KBW👉$81, Barclays👉$80, Compass Point👉$76
Lol … 80 and a new all time high will be nice. Let’s go!!
WOW....I GUESS I WAS RIGHT SUNSHINE !!!!!!!!!!!!! YOU CANT TOUCH WMI HOLDING COMPANY !!!! PERIOD !!!!!!!!!!!!!!!
"". Excluded from the transaction are the senior unsecured debt, subordinated debt, and preferred stock of Washington Mutual's banks. JPMorgan Chase will not be acquiring any assets or liabilities of the banks' parent holding company (WM) or the holding company's non-bank subsidiaries.""
MANY.....MANY BILLIONS of DOLLARS coming to ESCROWS !!!!!!!!!!!!!!!!!! MARK IT !!!!!!!!!!!!!!!!!!
Just trying to get the facts and understand how everyone is thinking here............
So we had JPM paying $1.9 Billion to the FDIC in 2008, and taking over ownership of WAMU.
But you are saying that somehow they left $800 Billion on the table .
And now old Equity Shareholders can just walk in 15++ Years later, declare ownership. and become Millionaires?
I find it interesting. BK Vultures usually eat 99.999% of the Carcass.
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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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WMIH: Here's how old shares relate in value to the new shares.
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