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LATEST $COOP PPS targets===>DEUTSCHE BANK👉$88, Piper Sandler👉$88, UBS👉$86, Wedbush👉$85, KBW👉$81, Barclays👉$80, Compass Point👉$76
NO KIDDING LOL ALMOST LIKE THERE IS A REASON FOR IT AINT IT
Goodie
According to some they retired the shares, but they still have shares in TREASURY they can issue in their place..........Remember the TOTAL AUTHORIZED was originally 350 mill shares I think
Which is what I suspect they will do
When a company buys back its own shares, it has several options for what to do with the repurchased stock:
****
Retire the shares: The company can cancel the repurchased shares, effectively reducing the total number of outstanding shares. This is known as "retiring" the stock. Once retired, the shares cannot be reissued and have no financial value.
****
Isn't THIS what COOP did with the shares they bought back?
You attempt to attach EVERYTHING to your fantasyland escrow nonsense. Been doing it for over a decade... nonstop.
How many of your countless attempts over the last 15 years, have come true?
Zero. Not one even came close...
Why? Aren't you using common sense and logic, like you preach?
Do you find it strange, preaching common sense and logic, after a decade and a half of nothing but fantasyland failure?
Use common sense and logic to answer that... 😂
Do you include yourself in that categorization?
As far as I’m concerned, the discussions have always been all over the place and not confined to single topic. Therefore, I don’t get the point you’re trying to make!
what is the purpose of the conversation on this message board since the close of the chapter 11 over 11 years ago ????....WMI had made it very clear that your values in the old company, now deceased were cpmpensated with fair and reasonable recovery... Willingham, and Susman stated this at the conclusion of the mediation hearings, and signed by the judge, and equity committee....WMI made it very clear that by signing the release document, your equity values would be cancelled and extinguished forever, or that you had to sue for them if you did not sign a release...so, why are some still here bloviating future recovery after all these years??? it is denial, and non acceptance of what the official documents revealed years ago.....where have the goal posts been move to now, I forgot?..... Lodas
It's not like the buy back theory and the purpose of it is anything new.
It was suggested WHEN IT STARTED by me,that those shares were being bought back to ISSUE to common share holders to rebuild the shareholders base back to commons owning 51% of the corp and that at the same time then NEW PREFERRED shares would be issued in lieu of common shares to the PREFRD holders.
SO what I suggested several years back is NO NEW REVALUATION at all, well at least not to me, MAYBE some are having a light bulb MOMENT and are just finally catching on................
Even if the shares were or have been retired as some suggest, the ISSUANCE of the 36,000,000 mill shares out of authorized makes it easier to reach the 51% threshold required for a NEW IRS OPINION LETTER for the reorg'd company( WHEN WE COMPLETE THE MERGER), by putting it back to 51% common ownership
AZCowboy,
Appears that many of our resident genius's have a difficult time of staying on topic.
Hmmm,
~jb
Hi AZ. Listen I’m gonna have start receiving Royalties from you for using my Ol Cactus tag as I never signed THAT!! RELEASE 😉😂
GoGooooooCOOP
GLTA-Ts
~ LOL', What Happened ?, I Thought The Discussion Was Regarding Current Possibility's Associated to "COOP's" Buying Back of the 36million shares ?, comparative to COOP', (the 2018 acquired sub grouping) ... Original 2018' 100 million shares ... ? ... ~
... looks like the conversation took a detour somewhere ... LOL, "always" a good time round hear, (or, is the here' ?) ... to be expected'
(tested the water w/ afew @ 46 ... then, a lot @ $50.50) ... glad everyone cares' so much LOL ... but honestly, ol' cactus is doin' just fine ! ! !
"Abba Da Ayy"
just sayin' :)
AZ
Removed the FYI post about BP. GLTA-Ts
A Good belated morning people, Picks he does what he does and it does not effect me financially whatsoever, my monies my game ,if he sold some as you say at 46.+/- I don’t remember, I remember him saying in the 50.0+/- as I did it earlier on the third 50’s touch which is why I Remember that number, now I made that post in ref to the repetitiveness of his posts 98% just worded a little differently each time but the meaning is the same as a lot do on both sides of fence EOS
I drop in to say good morning and say GLTA as I still hold a decent amount of paper here
The same response on both side has run its course and has gotten old , but you never know when some good info might be posted
Have a great day people
GoGooooooCOOP GLTA(-Ts
This post has NOTHING to do with WAMU, cancelled escrows, or Libor. NOTHING.
Royal Dude
Re: dm57 post# 724928
Saturday, March 23, 2024 6:16:06 PM
Post# of 725480 Go
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
The Most Royal Dude
Lets Go Fishing
It is my belief that an objective outsider viewing this situation from a historical perspective would determine your guess is a good bet. I hold a decent portion of P's, so would love you to be wrong. However, if there were a way to take a financial position on the outcome of this month, I would put $5,000 down on you being right.
Lodas…let it play out…By Cactus…BTS…large green and others April is the month…by May 1st….we will see new theories
Yeah….you get the truth….yet they are all here waiting….
Maybe overloaded with too many theories with 100’s of billions coming back….
Even Cactus did not know that…or understood what it was for…
JB, please don’t say that the rare Solar eclipse has already disrupted BP lol
Link still being redirected to an unknown page as of this post.
(simple php filemanager by jcampbell1)
Seems FileManager php code copied from GitHub
Not had any problems myself, did yesterday for a short time
Understood as well, however, newcomers don’t have escrows. It is those of us, holding escrows, that need this to settle once-and-for-all so that we can move on. Once this is over and escrows are settled I’ll never post again. I’ll just ride off into the sunset as they say!
These references are for DTCC participants:
Annette can verify.
Questions or inquiries regarding this Important Notice should be addressed to your Relationship Manager, or to
Annette Nichols, Corporate Secretary, at (212) 855-1681 or anichols@dtcc.com.
Understood, I am saying for those new comer or ……
BR is playing with the power switch again. lol
Kevin,
Something appears to be broken with respect to Boardpost.net
Try a different browser.
Firefox does not work.
Microsoft Edge does not work.
Apple Safari does work.
Not sure what's going on.
~jb
How can any posts, at this point in time, play with our emotions? My emotions, regarding this bankruptcy, have gone out the window years ago. Everyone is just pulling at straws. I’ve come to the conclusion that no one here really knows anything concerning what is going on except the ones pulling the strings behind the scenes. How did I come to this conclusion: 15 plus years!
👉👉👉Mr. Cooper Group COOP 100% BUY @ barchart.com
=====> https://www.barchart.com/stocks/quotes/COOP/opinion
120k BUY at the close yesterday!
Board post - anyone know what happened to the BP message board? Over there you get real info.
Do you know why he keeps doing that? I also have the same doubt for a long time.
Does he have a habit to fool around the people on the board, making your emotions one day high, and the other day low. String on a puppet to make a joy himself.
there is a misconception on this message board that has persisted for years by which it is said the shareholders "own the estate"... this statement is false as illustrated by the following points:.... (1) WMI states that TITLE TO ALL ASSETS BELONG TO THE REORGANIZED DEBTOR , now called WMIH by reorganization...(2)... shareholders own assets minus liabilities call equity... thus, shareholders own the accumulated equity of a company which is solvent, NOT THE CORPORATION ... (3) WMI went through a reorganization of assets where creditor claims were paid as well as equity values in the old company were completed, and emerged from chapter 11 as a different company with new shares being issued to former shareholders as a continuum transfer, not a liquidation of the prior company....in essence the same "ship" with another name and different executive officers... Lodas
IF FDIC IS NOT DONE YET, WMILT ALREADY DONE?, LOL.
This is all related to 'DTCC Common Stock' ownership...How is this even remotely related to WaMu P/K/Common stock?
As usual, RD's meandering eyes get 'entranced' by some 'Shiny Object' and he says OK, "Jump' and the others scream in unison 'How High', without even bothering to look at what he posted....
If we got $100 per P in the next 3 months I would be happy as heck. I just hope we get something soon.
Well keep us posted this is really confusing to me. I don’t know what the amounts will be per share, p’s K’s or U’s. Will we get the amount of shares we released or what? They made it confusing for a reason I guess.
300 billion cold be our value if the get 1% because 50k 1 share = 59k $ is the amount to cover them for 3 years
To account for 75/25 they have used there own formula for any distribution before any placement in our accounts.Participant are our brokerage and we are their clients.
DENNY This is a process to create a fund for the 1% fee for the dtcc services the Series A and B notes and other instruments to the participants. Settlement date April 30th. There is also a possibility to follow the money move during all of April.
Royal I’ve read this a couple of times. I am confused as to how this is done.
How is it just over 50K commons are allocated, I don’t see the 19:1 share in the filing. Can you possibly explain it in layman’s terms?
Silly Rabbit, TRIX are for kids
SUUUUUUUUUURE!!!!!!!!!!
Professional Liability Annual Report for 2023
https://www.fdic.gov/resources/resolutions/professional-liability/annual-reports/pl-2023-annual-report.pdf
Authorized and Pending Lawsuits
During 2023, the FDIC Board of Directors approved one, and delegated authority
approved four, MMF cases, all of which authorized the FDIC to sue mortgage brokers for
indemnification. The largest of the five approved cases is against CTX Mortgage Company,
LLC (CTX), and Pulte Mortgage, LLC (Pulte Mortgage) as successor to CTX, for loans that CTX
brokered to Washington Mutual Bank (WaMu), Henderson, Nevada, and that WaMu in turn
sold to RMBS trusts. The FDIC settled claims related to defective loans that WaMu sold to
RMBS trusts for a $3 billion receivership certificate. Because CTX contractually agreed to
indemnify WaMu for losses resulting from defective loans it brokered to WaMu, the FDIC seeks
to recover the portion of its settlement with the RMBS trustee attributable to losses on the
CTX loans. On August 28, the FDIC filed the approved lawsuit against CTX and Pulte Mortgage
in federal court in the Central District of California seeking contractual indemnification plus
attorney’s fees and pre-judgment interest. In total, the FDIC filed 11 MMF lawsuits during the
year. WaMu failed on September 25, 2008, with $307 billion in assets.
CASH IS COMING TODAY to the participants unless they steal
DTC has received notification from Bank of New York Mellon/IPA DTC #1541, the issuing paying agent for GS Finance Corporation (GSG4), base issuer cusip 36255H, 40054K, 40054L, 40055A, 40055Q, 40056E, 40056F, 40056Y, 40057C, 40057E, 40057F, 40057H, 40057J, 40057K, 40057L, 40057M, 40057N, 40057P, 40057R, 40057T, 40057W, 40057X, 40057Y, that #1541 has refused to pay Interest Payments, Maturity Presentments and Reorg Presentments for this Issuer’s Medium Term Note that are due and payable on 04/01/24 through DTC. Therefore, in accordance with DTC’s rules and procedures, this Issuer’s Medium Term Note will not be completed. Bank of New York Mellon/IPA DTC #1541 has notified DTC that they received the funds after the DTC cutoff to make a funding decision and that they will pay Interest Payments, Maturity Presentments and Reorg Presentments for this Issuer’s Medium Term Note that are due and payable on 04/02/24.
DTCC.COM
www.dtcc.com
https://www.dtcc.com/-/media/Files/pdf/2024/4/1/19919-24.pdf?fbclid=IwAR33d4PL8kf5SObvLggjKn-N2tfVNHPpeYOHq_ApglXrZRsZLyLARO4dJbo_aem_ASCHm8EIltMc0r45pZZzFtlpnbZOzann7q0iackY3397M5wru9ddLuRlc646ft7TmpBN5T6NEtMr5uf8prWqLAYL
If not, they are stealing all notes coming from JPM
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Moderators Large Green xoom GO4AWILDRIDE stoxjock ron_66271 |
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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