Mr Cooper Group Inc (COOP)

[vodkadejour]

"it looks like a reveal is coming soon of who xxxx is!"

I absolutely wouldn't expect that. I believe there will never be an answer given for that. Love to be wrong, but thats the pattern.

[JusticeWillWin]

Q1 ended yesterday, SIGNIFICANT MOVE for COOP coming soon IMO!

[nhtrader]

AZ thx for your steadfastness! I still need to payoff my kids college tuition and it looks like a reveal is coming soon of who xxxx is!

[vodkadejour]

Because if so I'd come away with a mere $25K... not exactly a windfall. Can anyone expand on what "one to one" means?
Thanks in advance!

[AZCowboy]

~ LOL' ... Every Now and Then ?, COOP gets' a ray of sunlight', through the daily cloud' covering, causing the dim lighting' ... LOL ~

"Abba Da Ayy" ... ol' cactus is extremely pleased that the cowboy' choice was to "RELEASE" ... Especially the cowboy' owned WMI Common Share WMI Estate Ownership (wamuq), and the P's continuously associated with the Preferred Managing Sub" ... still SEC trackable LOL ...

ol cactus', DIRECT PURCHASED The WMB Notes' ...

Go COOP' ... wrap it up as COOP' ! !, and do what COOP needs to do' ... by the (XXXX) directives' ...

LOL' ... "One doesn't ever need to be the smartest person on the room, ... One only needs to be smart enough to KNOW who the smart people are" ... LOL'

... "Watch Your Six" ... and ... "Know What YOU Own" ...

just sayin' :) ...

AZ

[PickStocks]

What funny is you are still referring to XXXX just so you can claim to be the smartest person on the board…..just too funny…

[AZCowboy]

~ Hello JJFlash, watching this "COOP" ? sure is interesting as merely' a 2018 Acquired loan servicing Subsidiary Group ! ! ... SEC reporting with only one operational sub' ... "Hilarious" ~

Yepperini, ... ol' cactus is (LOL) DONE' (more, LOL) ... trying to breath a dash of ACTUALITY and REALITY Into a few that are still hanging onto wording that was specific only to the wmi-lt and the continued misunderstood retained earnings' ... it's all simply become silliness to waist (or, is that waste ? LOL) any time on, in my opinion LOL ... doesn't matter though ... "it is what it is"

Excellent logical Point!

"(If ? our returns were to be so easily ratio divided by the wrongfully promoted, 75/25' nonsense, then only ONE Cusip would have been used' ."

A few current' evolutionary' cowboy thoughts, just for ol' times sake ...

... IF' ? ... the FDIC is able to complete the seizure of WMB' ? and complete the PA&A's full transition to JPMC', per the GSA', and Plan 7', ... then (XXXX) will no longer be able to legally' remain in the back-round merely using a "registrant" to portray merely a portion of the ENTIRE "Corporate Structure" ... "SEC Allowances"

JPMC, Publically rocks out the WMB Bonds, ... and (XXXX) acknowledges the values of the entire estates, Reorganized Corporate Structure' ...

IMO, ... the COOP shares calculations, COOP needing to buy back roughly 36 million of the original 100 million. to square things up, RESEACH Thanks to JB92106 and DarkB4Dawn, makes complete sense' ! ! ... as well as Boris's work on the completion of the claims ...

those 75/25 ratio splits of value and the misread Feb MOR retained earnings numbers have all been "sloppy and poorly researched material", just like the koolaid-flavored coffee' ... that ?, was all done on purpose to disrupt the plan'

Anyhew, ... Have A Nice Day ... ol cactus pulled out the available Gallagher/KKR Ride profit made available to everyone' a few years ago now ... Now ? it's a gentle wait (or is that weight LOL) for the final completion, ... with everything ol' cowboy' spent on the Great WaMu ... now covered and all WaMu ownership, Now Free ... a special luv for those WMB Notes, and the CT's ...

just sayin'

AZ

[UpTickMeA$AP]

Another day in fantasyland. Another day of babbling.

$COOP went from $6 to $77 without any of your fantasy nonsense, and will continue to perform as it's value increases.... without it.

Have a wonderful day babbling about delusional fantasyland nonsense. 😂

[vodkadejour]

Pardon my daftness, but by "one to one", surely you don't mean that for every "P" someone held they will get one COOP share (currently worth $77?? The other "one" that they get for each P must be something else, could you clarify for those of us without finance degrees please.

[BBANBOB]

It will happen imho when COOPS gets it's 2.5%

[PickStocks]

The UW’s were not fighting to stay in class 19…..the coffee lady was fighting for 1% that they would receive…in the end it was the coffee lady fighting really hard to get paid for filing appeals and be paid 3 million or so and that was turned down..

[JusticeWillWin]

COOP absolutely UNDERVALUED====>fair PPS is at least $200

Check COOP's current P/E ratio: https://finance.yahoo.com/quote/COOP/key-statistics?p=COOP

COOP's trailing P/E is only: 10.68
COOP's forward P/E is only: 6.23

The P/E ratios in this list (data is as of January 2024)
Financial Svcs. (Non-bank & Insurance) covering 172 companies is the correct row:

http://pages.stern.nyu.edu/~adamodar/New_Home_Page/datafile/pedata.html

Financial Svcs. (Non-bank & Insurance)
The average P/Es are:
Current: 34.63
Trailing: 25.59
Forward: 25.54

So COOP's P/E is way too low and COOP is absolutely undervalued.
The PPS should be $200 at least, if not even $280 to $315 considering the forward P/E in my opinion!

[Large Green]

Diamond, I believe former Preferred WILL BE one to one.

In my view, this is why the UWs spent millions, received a one year delay to cast their timely signed releases then fought Alice for several years to the very end ensuring they STAYED in CLASS 19.


…

[Bizreader]

I don't know what a "great" outcome is here. Obviously, receiving monetary value is not the number 1 outcome so far. Sixteen years of educational dialogue concerning the cost and value of out overall justice system is obviously one outcome which no one can deny has been somewhat educational.

Further outcomes are yet to be enjoyed however monetary outcome would be great. After all I've paid my dues, now I need to get some recompense.

[WAMUSHAMU]

Um sure

[newflow]

"LITIGATION TRUST"? https://www.fidelity.com/misc/wamu/WAMU-Class-19-Beneficial-Ballot-93934W-AA-3.pdf
Page 7/13 What is this Litigation Trust?.

[diamondguru-one]

LG you feeling a 1 for 1 for escrows. ????

[PickStocks]

I am a legacy holder of wamu…..I for one do not care about the pity you spread….i for one bought many wamu shares even after the Wamu P’s drop to 10.00 and sold in high 60.00’s….and bought back end with P’s and U’s. Then I sold again after WMIH at 1.50 and doubled my shares at .49. And sold again at 2.50 and bought back in at 1.00…..sold it all at 15.00….then bought back in at 5.00……and held and kept buying as it continues to grow…I for one did not sell when it 50.00 and continue to see coop rising….

[newflow]

https://www.kroll.com/en/insights/publications/issuer-services/soliciting-tabulating-votes-chapter-11

[b3]

You are correct. But I say it for myself too. I had a large amount of WAMU before the FDIC Midnight Raid, but fortunately I was able to buy more cheap shares.
But I have only made money as COOP has increased from $40 to $78. That is where I have done well.

[ron_66271]

It’s Because LIBOR Hasn’t Settled Yet.

XOME can’t be monetize when the valuation can’t be determined due to the interest rates manipulation by the big banks.



Ron

[PickStocks]

What are the outcomes…..a great outcome would be a distribution would you not agree….

[PickStocks]

Great opinion….now there just needs to be a distribution to make it true…do we wait another 15 years.

[Large Green]

TO ME, SEEMS VERY LIKELY TO HAPPEN ALMOST ANY DAY - 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 own XOME entirely, 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 own XOME entirely 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

• The other thought is there are ten million authorized and shelf-ready preferred shares that can be issued on a minutes notice that has been part of the plan since the (ED) Effective Date of 3/19/2012 so ALL 36 M common shares could go the the investors who released common share and the preferred investors receive 1-1 preferred which explains why the UWs want into class 19 so bad – yes, this is their expertise and they have always known the specific class the big money was to be recovered from…CLASS 19

• IF COOP issues 36M common shares at $71.00 per share that is 2.5B so if they give this to common shareowners that is roughly 25% of a POSIT of ten billion and they back preferred with 7.5B funding for a total of ten billion POSIT. NOW if COOP gets 2.5% of the 635B that Congress spoke about around year 2010/11 that means COOP gets 15.87B so with the ten billion funding of preferred and commons 36M shares at $71.00 it leaves roughly 5.6B for their own coffers driving the COOP common much higher

• Hopefully, these shares are coming soon to a timely-signed-released account near YOU



...

[xoom]

This is now a sticky post for easy access. Thanks Wwhatthe.

[Bizreader]

It is a known logical fallacy to predict the future solely based on the past. Our entire experience is based on the events of new outcomes.

[Bizreader]

It's a good sign for human beings when we can remember that which makes us great....

[vodkadejour]

Maybe you're right, I don't know, but I've always found Whatthe to sound quite credible. He and one or two others is the reason I have 5% hope of escrow returns vs 0%.

[wowalters]

Yes Easter is cool...

[rickstereo3333]

Absolutely unbelievable ye all are still peddling the eternally pending "Escrows" fantasy.

Wouldve thought everyone had awoken from that unrealistic dream already but then again..........

To silly to be taken seriously in 2024 and even worse beyond.

[wwhatthe]

Thank you, Spider-man,

Happy Easter to you too

Stay safe… Stay healthy
Good luck to you

And have a great day

Wwhatthe

[wwhatthe]

Large Green
Thank you for that post.

We differ on some points, but we both agree on a large recovery coming...
I'm sure nobody cares about how it gets here, as long as it gets here.

I've always agreed with your thoughts on the Depository Trust Company.
Because It's in the Disclosure statement.

Good luck to you

Wwhatthe

[Boris the Spider]

Payment for the bank, Libor, WMI assets, and more.

We are in for quite a year. I wouldnt take out a loan yet, but start conceptualizing what you will do with newfound wealth. Its Easter. So please be sure to help others and animals in your wealth plan. Together we can do great good.

[stoxjock]

Awesome Post! Thanks for your Effort & Sharing with us! I Hope whatever you have postulated is True/will come True and this is how The WaMu/WMI BK was CLOSED and all the Necessary Closing Activities were transacted By Law without any Corruption and STEALING of Escrow-Holders' assets by the Hedge Funds-Gang of Four &JPM Goon Lawyers for JPM.

This Gives me slight confidence that we may see some "F&R Promised"...Hope Springs Eternal. TIA & GLTU & GLTA!!!

[intuitive3]

wwhatthe, quite a post! Thanks!

[Royal Dude]

This post says it all on Easter He has Risen Indeed. Jesus is with us.

Thanks to "wwhatthe and Newflow for your work

Re: CAL622003 post# 724944
Saturday, March 30, 2024 5:00:47 PM
Post# of 725243 Go
CAL622003

You asked a good question.

I'm only an investor but, for Sits and giggles...
I would like to try to answer your question...

How on earth would anyone ever be paid?

All IMHO...

But first, Keep in mind,
The company’s liquidating trust pays off the creditors and distributes the new company shares.

The WMI liquidating trust had 200,000,000 new shares to distribute...
And only $7.3 Billion Dollars in cash...

This is because the FDIC seized $307 Billion in assets.

When the WMI liquidating trust closed... this indicated that all the creditors were paid,
and all the new company shares were distributed.

To illustrate my point...
This is a statement from judge MARY F. WALRATH
before the UNITED STATES HOUSE OF REPRESENTATIVES COMMITTEE,

It's after the bankruptcy,
She says…
Quote,
In excess of $7 billion was distributed to
creditors and shareholders. Virtually all creditors received
100% of their claims with post-petition interest and shareholders
received stock and warrants in a subsidiary that was capitalized
with $150 million in new money… End Quote

This excerpt shows us the creditors received about $7 billion Dollars and shareholders received new company stock.

The quote says,
“was distributed to creditors and shareholders”

But we're interested in,
How or in which way was that distributed?

So,
Let's start here,
This is from pdf page# 355/755 of the,
DISCLOSURE STATEMENT
It is about our tracking markers or contra-CUSIP positions.
It’s also about our escrow positions and the Depository Trust Company... (DTC)

Quote…
…The Trustees may conclusively rely upon the distribution instructions received from the debtors or their agents with respect to contra-CUSIP positions and escrow positions set up by the Debtors or their agents with the Depository Trust Company, and the Trustees shall close and terminate the original CUSIPS after making initial distributions of Creditor Cash and shall have no further distribution obligations thereafter…
End quote

Here where it says,
“may conclusively rely upon the Distribution instructions received from the debtors or their agents with respect to contra-CUSIP positions and escrow positions set up by the Debtors or their agents with the Depository Trust Company”

They are talking about our escrow position which according to the above excerpt, was set up by the Debtor (the company).

Every class has an escrow position... Every class has a Trustee.

The company had your information on record,
and because of the bankruptcy... it was used to set up your escrow position with the Depository Trust Company.

If you own your shares by street name... which means your shares are registered in your brokers name on the company's books... Which most do.
So, if you purchased your shares through a brokerage firm, they have your W9 tax information and would know how many shares you had.

Or,
If your shares are registered in your name on the company's books.
They know how many shares you had, but you may have had to provide a W9 tax form.

Either way, the company and TDC would have your name and information... including the use of your W9 tax information from your broker.

Our escrow positions... is because...

When you purchased shares in WMI, you created an equity position in WMI (the company).
When WMI filed for bankruptcy your equity position... also became an escrow position.

It's,
The Debtors (the company) or their agents who set up our escrow positions with the Depository Trust Company.

IMO... Not if, but when,
Anything comes back the Depository Trust Company has all the information they would need to make a distribution.
It would be the same as when it was done for the creditor’s cash, and our new company shares.

The contra-CUSIP number is assigned by DTC for use in reorganization activities, such as distributing company shares or cash.

For example, from the plan,
Some elected to receive shares...

So, some common and preferred shareholders received new company shares and were owed shares from the Disputed Equity Escrow Account.

So,
The Depository Trust Company knows if you are allowed to have shares or not...
That's because of the distribution instructions it received from the debtors (the company).

A contra-CUSIP number was used to distribute the 200,000,000 new shares.

Likewise,
The creditors were owed $7.3 Billion Dollars in cash.
A contra-CUSIP number was used to distribute the cash.

All from the Depository Trust Company with instructions from the debtors (The company).

The contra-CUSIP position is temporary... once the shares and the cash are distributed the numbers are no longer needed and they are removed.

Again,
The company’s liquidating trust pays off the creditors and distributes the new company shares.

There were 200,000,000 shares...
And only $7.3 Billion Dollars in cash...

When the WMI liquidating trust closed... this indicated that all the creditors were paid,
and all the new company shares were distributed.

Now,
Our focus should be on the FDIC’s $307 Billion in assets...
Because if the creditors are paid, then everything the FDIC has is equity and it belongs to the shareholders.

To illustrate this point.
This is from one of the SETTLEMENT AND RELEASE AGREEMENT’s

keep in mind,
WaMu is the Bank... and the Bank is owned by the WMI shareholders.

Quote,
FDIC-R succeeded to all rights, titles, powers and privileges of WaMu, including those with respect to its assets. Among the assets to which FDIC-R succeeded were all of WaMu's claims, demands and causes of action against mortgage brokers that originated mortgage loans for WaMu.
End quote.

The FDIC is a Conservatorship and Receivership...
As Conservatorship the FDIC protects the individuals and their estate.
As Receivership the FDIC preserves the value of the property.

The Estate and property are owned by the WMI shareholders.

One more about the FDIC...
This is from one of the court documents...

Quote,
“In its role as receiver for a failed depository institution, the [FDIC-R] has a statutory obligation generally to maximize the return on the sale or disposition of the receivership estate’s assets. The receiver distributes any funds realized from its liquidation efforts to the failed institution’s creditors and shareholders in accordance with the FDIC’s priority scheme.”
end quote.

So, the FDIC-R, sells the WMB’s assets and distributes the funds in accordance with the FDIC’s priority scheme…
Which is also, the distribution procedure and priority in the Plan on page 141 of the D/S…
And would also use the Depository Trust Company.

Keep in mind the creditors have already been paid by the WMI liquidating trust.

Also,
The FDIC is not a for-profit organization It's independent.
Their primary mission is to maintain stability and public confidence in the banking system,
The FDIC doesn't have shareholders or owners who receive profits... So, they do not generate profits. The FDIC is funded by premiums paid by insured banks, not by selling goods or services.

I know this post is getting long...

But,
Let's add this statement from JPMorgan Chase.

Because they purchased these assets from the FDIC-R...

Here in a statement Dated, Jan 13, 2010
JPMorgan Chase, Testimony before the Financial Crisis Inquiry Commission.

JPMC states…
With the acquisition, we purchased approximately $240 billion of mortgage and mortgage related assets… with $160 billion in deposits…. and $38 billion in equity… We immediately wrote down most of the bad or impaired assets (approximately $31 billion) …. and established proper reserves for the remaining assets, ….as well as for severance and close-down costs.

So,
To answer your question...

How on earth would anyone ever be paid?

Our escrow positions were set up by the Debtors or their agents with the Depository Trust Company,
The Depository Trust Company received Distribution instructions from the company... including your W9 tax information it had from your broker... we don't have to do anything but stay updated with our brokerage firm.

And,
We don't get paid for our escrow shares/markers...
We get paid for our Escrow position.

Sorry for the long post...

All IMHO...
Good luck to you.

You may also be interested in my post #720961
"We don't get paid for our escrow shares/markers... We get paid for our Escrow position"

Thank you for reading my post.
Stay safe… Stay healthy

And of course,
Just my opinion, research, and curiosity…

Wwhatthe

[BBANBOB]

IF IF IFIN any are seriously in that great of need for $$$$$$$$$$$$$$$$$$$$$$$$$$$$$

"""""TO GET YOU ROPED AND TIED IN WITH THEM AND BE YOUR LMAO""" BE YOUR BEST BUDDY"""

One might CONSIDER looking at several """OTHER""" sources from which to obtain a loan, if if IFIN we end up getting anywhere near what has been proposed, there should be ample places to go rather than YOUR BROKER and the broker would be the last place I would go

[BBANBOB]

RAY
"Why they will give us loan? """TO GET YOU ROPED AND TIED IN WITH THEM AND BE YOUR LMAO""" BE YOUR BEST BUDDY["""

[Bizreader]

Resurrection is cool.

[Oberthal]

Releases with account numbers and tax forms

[mypenneys]

Is there something happening now. I only hold P K Us

[BBANBOB]

Yes have a BLESSED DAY

[wowalters]

Everyone have a wonderful Easter...

[PickStocks]

Why…? Is that a new theory…give us loans so they can make money on short term loan interest…..really….

[Ray_137]

Why they will give us loan? Strange conclusion.

[newflow]

o.k poo.

[lodas]

did you read the article I posted about the demise of WAMU?.....do you agree with what the article says?... I am not the subject of discussion, goodie brought up the assertion that the US government was corrupt in taking WAMU.... why do you always corrupt me and my posts as being against your expectations of monetary returns?... the article states factual events that brought WAMU down, not me... I had nothing to do with the demise of WAMU, or Project West... I just read the facts and present them to the board for reference and factual discussion....you seem to disagree with all SEC documentation, stories about the 2008 financial crisis, and want to spin some event that will not happen ....did you read about WMI dissolving WMIIC to get assets to place in the WMIL-T to fund the closure of the chapter 11?....WMIIC would have been where all the assets of WMI were held, yet it was dissolved to zero... so where is your recovery coming from?..... did you also read how equity got their shares from the 147 million dollars infused by the hedgies to include equity and preferred in the chapter 11?..... quit ragging on me , and read and absorb the contents of the documents related to the chapter 11 closing, and not how you want your personal outcome to be.......simply put, Wamu, and WMI ran out of money to pay full, class 18 claims, and equity and preferred classes were impaired from future recovery... discuss these facts, and not ME!!!!!!!.... Lodas

[newflow]

poo...lucky buyer and lucky seller too.just missed accounting 101.

[newflow]

Lo....you work for JPM?.What was PROJECT WEST?.

[jhdf51]

Thank you.

JHD