Mr Cooper Group Inc (COOP)

[UpTickMeA$AP]

Yeah. You guys are going to win. Deleted escrows, that were deemed worthless with no further distribution, will soon get distribution.

You guys are surely excited!


Enjoy your new found riches!

Hopefully $COOP will do half as good as escrows!

Go $COOP!

[jhdf51]

Why?

JHD

[sillyinvestor]

I'm not.

It was expected, sadly.

[jhdf51]

I’m surprised they are throttling it this hard today.

JHD

[newflow]

LOL, stop crying on former equity, they will WIN eventually.

[JusticeWillWin]

KBW to $92
https://www.marketscreener.com/quote/stock/MR-COOPER-GROUP-INC-46600303/news/Keefe-Bruyette-Woods-Adjusts-Price-Target-on-Mr-Cooper-to-92-From-86-Maintains-Outperform-Rat-46532910/

[jhdf51]

Barclays to $95

[JusticeWillWin]

And also Deutsche Bank RAISED COOP to $90 (from $88)

https://www.streetinsider.com/Analyst+Comments/Mr.+Cooper+Group+Inc.+%28COOP%29+PT+Raised+to+%2490+at+Deutsche+Bank/23113209.html

[jhdf51]

Wedbush raises to $100. https://www.marketscreener.com/quote/stock/MR-COOPER-GROUP-INC-46600303/news/Wedbush-Boosts-Price-Target-on-Mr-Cooper-Group-to-100-From-85-Keeps-Outperform-Rating-46531231/

[johnlconfer]

Thanks T I suspect the new billion dollar bond is going mainly to prop up share price, especially with 36m shares(or more) about to hit the market! Although I’m tired of COOP using my money for more new bonds, I’ll take the 7%+ return but I am concerned COOP is borrowing money for continuing operations. Hopefully there is a lot of assets coming with the completion of Project Eclipse!

Semper Fi

[t1215s]

78.94 pps as of this post ,live feed —

GLTA-Ts

[t1215s]

Good morning people, Today should be an interesting day to watch COOP-OTIS imho. Let’s see which way/ what floor does this elevator stops at 😉
Looks like a tuff day in the markets as of this post, better hold on 🥴

GogoooCOOP
GLTA-Ts

[Split T]

Xoom I'm curious as to how long before Piper Sandler comes out with a new Target price since the New Analyst worked under Kevin Barker.How much did they talk about COOP before Kevin Joined COOP. No matter what a few people say ,buddies share information and the Questions asked by the new analyst seemed quite rehearsed to me as well as the quick replies. Here are the two analysts I paid attention too.

Operator:  Thank you. [Operator Instructions] And our first question is going to come from the
line of Crispin Love with Piper Sandler. Your line is open. Please go ahead.
Crispin Love:  Thanks, and good morning. I appreciate taking my questions. Just first -- can you
discuss a little bit what you're seeing competition-wise in the origination segment, as you've seen
a solid improvement in margins and then also a pick-up in volumes in the quarter? And do you
think that you can hold margins steady or they might pull back a bit from the elevated levels you
had in the first quarter?
Mike Weinbach:  Yeah, hi, it's Mike. As we look across the originations market, obviously with
rates up, it continues to be a challenging market. But at the same time as our portfolio grows, we
have more opportunities to help customers take advantage of the equity they have in their homes,
find ways to have a lower rate or if they're looking to move, help them with a purchase in a new
home.
So we don't give specific guidance on margins, but we feel good about the opportunities we've
had to be consistently profitable in this space and to continue to take great care of our customers.
So, we expect it to continue to be a competitive market if rates are higher. Obviously, that'll
change if rates come down, but we mostly focus on being there to serve our customers regardless
of the rate environment.
Crispin Love:  I appreciate the color there. And then you also -- you mentioned that the MSR
bulk purchase market remains attractive and you put some numbers around that as well. But let's
dig a little bit deeper there and discuss, one the competition you're seeing, and then, two what
types of portfolios you're most interested in, and -- is it higher coupon, lower coupon, more
agency, or just any other color? Thank you, and I appreciate you taking my questions.
Jay Bray: Sure. Hey, this is Jay. Look, we think the bulk market is extremely attractive. I think
as Mike pointed out, we looked at over 50 opportunities in the quarter and it's a mix. It's a blend
of legacy portfolios, as well as at-the-money, kind of newly originated portfolios. And our
approach is just to maintain our discipline. We look at all these portfolios. We run them. We have
more data and more information probably than anybody in the industry around how certain
sellers are going to perform, how the collateral is going to perform from a prepayment
standpoint, default standpoint, et cetera. And we just exercise our consistent discipline in hitting
our targeted returns.
So I won't say we're indifferent with respect to what the portfolios look -- come out or what's in
the market, but we'll just continue to exercise our discipline and hit our targeted returns. But
we're very, very bullish on the opportunity, and we just actually bought some additional
portfolios this week. So we think the market is there and it's going to continue to be there.

Operator:  Thank you. [Operator Instructions] And our next question is going to come from the
line of Bose George with KBW. Your line is open. Please go ahead.
Bose George:  Hey, everyone. Good morning. Can you talk about the potential longer-term
growth in the servicing portfolio? I mean, could we see, you know, $2 trillion at some point and
would regulators see that as a concern or as a plus as servicing moves towards larger, well-
capitalized servicers like you?
Mike Weinbach:  Yeah, hey Bose, it's Mike. Happy to start with that one and Jay and Kurt can
chime in as well. In the past, we had a target of reaching $1 trillion in servicing. I think as we
move forward, you're going to hear us talking a lot more about targeted returns. So we are not
targeting a certain size. We look at what the market offers. And as Jay just talked about, we're
disciplined in terms of the way we price opportunities and so the market really dictate what our
future growth is. We feel good about the ability to continue to earn good returns for our
shareholders.
The only thing I'd add though is, if you look at the market overall, there's about $14 trillion in
mortgages outstanding and actually over $30 trillion of equity in the homeowner's homes. And
that's grown probably from $10 trillion a decade ago. So there's been some slow and steady
growth in the market. You'd expect that to continue. In addition, it's a challenging business. It
requires -- making sure you're making the investments to stay compliant with Federal, State &
Local Laws and rolling out new programs that investors ask for four years.
So we're continually investing back in the business, and I think part of the reason you're seeing
us grow is because there's a lot of other people in the mortgage ecosystem who are focused on
something other than servicing, helping homeowners get into new homes, leading investment
and management platforms. And people have been able to partner with us either through us
offering subservicing where they could focus on what they do best or focusing on originations
and selling what they originate to be able to fund their business, which has allowed us to grow.
So a long way of saying, even with our growth in servicing, it's still a single digit share of an
overall market. And we think there's a lot of reasons for the market to continue consolidating. So
the rest of the ecosystem can focus on what they do best.
Jay Bray:   Yeah, the only thing I would add Bose, is that if you look at our performance,
scorecard standpoint, I mean we're consistently number one, number two from all of our
stakeholders. And so I think there's a lot of confidence in Mr. Cooper as a servicer. And it's just
natural, to Mike's point, it's a large scale matters, technology matters, investment matters. You
know, if you look at other financial services, you know, types of companies, market share can
grow considerably. And so we don't see any impediment to growth from here.
The last comment I would make is about half of our portfolio is subservicing, right? And so we
don't really have the capital risk or -- it's completely capitalized business. So long answer to your
question, but that's how we think about it.
Bose George:  That's great, that's very helpful, thanks. And then actually just a question on the

corporate segment outlook there. Actually, this quarter's number a reasonable run rate going
forward? I mean, there are a couple of little blips, but is this kind of a reasonable level?
Jay Bray:  No, I think we've actually made some investments in the corporate segment to look
to reduce it going forward. We think there's an opportunity in the coming quarters to actually
reduce expenses in the corporate segment. So you shouldn't think -- you should really look at that
as an investment that we made to actually identify some future savings.
Bose George:  So, just specifically, some of the expenses in the first quarter were the
investments, so you see it kind of trending down from here.
Jay Bray:   Exactly.
Kurt Johnson:  Although, Bose it's Kurt, I just wanted to comment that the debt expense had
only two out of three months on the new billion dollar issuance. So that will take up slightly, but
it's pretty close to our run rate. And we do call that out separately.
Bose George:  Okay, perfect. Thanks a lot.

[JusticeWillWin]

"Looking ahead to the second quarter, the momentum should continue with approximately another $100 billion in UPB scheduled to board, again, split between MSRs and subservicing. "

>>>>>TRANSCRIPT for Q1'24 earnings call here<<<<<

Transcript: https://www.fool.com/earnings/call-transcripts/2024/04/24/mr-cooper-group-coop-q1-2024-earnings-call-transcr/

[JusticeWillWin]

>>>>>TRANSCRIPT for Q1'24 earnings call here<<<<<

Transcript: https://www.fool.com/earnings/call-transcripts/2024/04/24/mr-cooper-group-coop-q1-2024-earnings-call-transcr/

[JusticeWillWin]

👉👉👉Mr. Cooper EPS of $2.73 BEATS BY $0.64, revenue of $564M BEATS BY $60.09M

From: https://seekingalpha.com/news/4093017-mr-cooper-gaap-eps-of-273-beats-by-064-revenue-of-564m-beats-by-6009m

[JusticeWillWin]

Great observation Split! But what I can say for sure is it has nothing to do with former WMI escrow holders!

I think we could see $100 in the coming weeks, and $120 to $150 by year end IMO...

Jay Bray: . You know we boarded [$130 billion] (ph) in the first quarter and our actual little compensation expense went down and we think we could board a [$100 billion] (ph) portfolio today and add less than 50 people. .


Jay Bray: But we're very, very bullish on the opportunity, and we just actually bought some additional portfolios this week."

1% in (new notes) might be close to buying $100 Billion in MSR's. Compass Point's, Giuliano Bologna just raised his Target to $95.00, it very conceivable that he learned of COOP's new Billion Dollar Notes and perhaps knew of an offering on new MSR in the $199 Billion range. The auction information and the winners Name is easily obtained. So who was the Buyers of the new 1 Billion in COOP notes?

My research leads me to believe this transaction was postpone until after the end of the First Quarter and has now possibly taken place, hence Compass Points new target of $95 and me raising my estimate of today's Price fro $82 to $84 + , we did hit the $82 Dollars today and the May Options at this hour indicate a range of $86-$87. I do believe Giuliano Bologna is onto something that wasn't observed by the other analysts and they will be raising their targets in the next few days to 2 weeks.

Wow, who could be the lucky Beneficial Owners of the new 1 Billion Notes that are getting such a handsome return for the next 8 years? Any Guesses?

[UpTickMeA$AP]

No, it is you that doesn't understand. Your nonstop conjecture, that you desperately spin into delusional proof, of something that doesn't exist, has led, and will always lead, to failure. You have proven that now, for a decade and a half.

You see the truth being told to you, as being "fingered"... Which is what denial does to you. It's an unfortunate deviation from reality, a rejection of reality, caused by the sickness of denial. You get angry at the truth, and will most likely continue to, forever.

[lodas]

This statement is from the amended POR 7, page 95, and 96..... your expected recovery depends on how you read the contents as a legal document, and not what you want it to say.....
41.2 Discharge and Release of Claims and Termination of Equity Interests:

(a) Except as expressly provided in Section 41.6 of the Plan or the Confirmation Order, all distributions and rights afforded under the Plan and the treatment of Claims and Equity Interests under the Plan shall be, and shall be deemed to be, in exchange for, and in complete satisfaction, settlement, discharge and release of, all Claims and any other obligations, suits, judgments, damages, debts, rights, remedies, causes of action or liabilities of any nature whatsoever, and of all Equity Interests, or other rights of a holder of an Equity Interest, relating to any of the Debtors or the Reorganized Debtors or any of their respective assets, property and estates, or interests of any nature whatsoever, including any interest accrued on such Claims from and after the Petition Date, and regardless of whether any property will have been distributed or retained pursuant to the Plan on account of such Claims or other obligations, suits, judgments, damages, debts, rights, remedies, causes of action or liabilities, or Equity Interests or other rights of a holder of an equity security or other ownership interest. Upon the Effective Date, the Debtors and the Reorganized Debtors shall (i) be deemed discharged under section 1141(d)(1)(A) of the Bankruptcy Code and released from any and all Claims and any other obligations, suits, judgments, damages, debts, rights, remedies, causes of action or liabilities, and any Equity Interests or other rights of a holder of an equity security or other ownership interest, of any nature whatsoever, including, without limitation, liabilities that arose before the Effective Date (including prior to the Petition Date), and all debts of the kind specified in sections 502(g), 502(h) or 502(i) of the Bankruptcy Code, whether or not (a) a proof of Claim based upon such debt is filed or deemed filed under section 501 of the Bankruptcy Code, (b) a Claim based upon such debt is allowed under section 502 of the Bankruptcy Code (or is otherwise resolved), or (c) the holder of a Claim based upon such debt voted to accept the Plan and (ii) terminate and cancel all rights of any equity security holder in any of the Debtors and all Equity Interests.

(b) Except as provided in Sections 41.6 and 41.12 of the Plan or the Confirmation Order, all Entities shall be precluded from asserting against any and each of the Debtors and the Reorganized Debtors, and any and each of their respective assets, property and estates, any other or further Claims, or any other obligations, suits, judgments, damages, debts, rights, remedies, causes of action or liabilities of any nature whatsoever, and of all Equity Interests, or other rights of a holder of an Equity Interest, relating to any of the Debtors or the Reorganized Debtors or any of their respective assets, property and estates, including any interest accrued on such Claims from and after the Petition Date, and regardless of whether any property will have been distributed or retained pursuant to the Plan on account of such Claims or other obligations, suits, judgments, damages, debts, rights, remedies, causes of action or liabilities, or Equity Interests or other rights of a holder of an equity security or other ownership interest. In accordance with the foregoing, except as expressly provided in the Plan or the Confirmation Order, the Confirmation Order shall constitute a judicial determination, as of the Effective Date, of the discharge and release of all such Claims or other obligations, suits, judgments, damages, debts, rights, remedies, causes of action or liabilities, and any Equity Interests, or other rights of a holder of an equity interest and termination of all rights of any such holder in any of the Debtors, pursuant to sections 524 and 1141 of the Bankruptcy Code, and such discharge shall



96


void and extinguish any judgment obtained against any of the Debtors or the Reorganized Debtors, and their respective assets, property and estates at any time, to the extent such judgment is related to a discharged Claim, debt or liability or terminated right of any holder of any Equity Interest in any of the Debtors. As of the Effective Date, and in consideration for the value provided under the Global Settlement Agreement to effectuate the Plan, each holder of a Claim or Equity Interest in any Class under this Plan shall be and hereby is deemed to release and forever waive and discharge as against each and any of the Debtors and the Reorganized Debtors, and their respective assets, property and estates, all such Claims and Equity Interests.
The contents of this document was extant at the time releases were asked to be signed years ago, but some on this message board refused to read it, and vilified those who were pleading others to read it!!!!!......There is, and never will be additional payouts to any common and preferred equity holders according to the above document signed by all those that negotiated the POR 7 amended document... Lodas

[newflow]

Uptick...do you have any idea why WMI asked for W-9s from released shareholders?. Escrows are gone, i second that, Do you know why WMILT mentioned Alice Griffin was a former trust beneficiary and incase of further distribution to former Trust beneficiaries, she would get her allocated part?.They mentioned this in year 2021 after they initiated winding-down.Thats reality and you have no clue. If you have coop and happy, be happy.Why do you finger with former equity holders?.

[jhdf51]

Good for you. We all hold to what works..

JHD

[dimples52]

Yeah...that's why he made that short message and disappeared.

[PickStocks]

Yet Cactus status soon which could be decades or longer….so far no action to distributing anything to old escrows….

[xoom]

It’s amazing that Bologna knows more about this stock than the rest of the analysts and shareholders, combined.

[johnlconfer]

Oh Rah T
Semper Fi

[Split T]

And I can say with a great deal of confidence that My staff and I along with several other long time holders of Escrow Shares have seen several Court and Government Documents obtained through FOIA.gov filings that prove you and your buddies are wrong, but you can believe what you want as it's no skin off my nose. Carry On!

[Large Green]

NDT, I do not see it either unless he said it during the CC this morning but surely other people would have heard it as well.

No other comments regarding this potentially huge revelation.


..,

[Nightdaytrader]

MadBadger, in link you posted, where does it say that there are two new "shareholders" and one of them holds Trust accounts of the Estate? Am I just missing it? I don't see it..

thanks,
ND9

[UpTickMeA$AP]

You hold tight to your one percent, that doesn't exist. I'll stick to what I know.

It's served me extremely well in life.

[jhdf51]

Yes they were “deemed” but that does not mean the “absolute truth”…it means they were regarded or considered. Thus lies the one percent hope I have.
And you’re not living in reality to disregard the potential of anything.

Never forget the one percent.

Kindly,

JHD

[UpTickMeA$AP]

How are you to comprehend my factual post about escrow fantasy, as a pessimistic outlook on life? Quite the jump, from what I posted, to me being pessimistic on life.. Maybe you're projecting. Idk..

I love my life! I love my family! I love my friends! I also love the freedom I have achieved through being intelligent, and living in reality!

I care not about your company. I'm not looking to be employed, and have someone elses signature on my checks. You talk about hope, but in reality, it's delusional fantasyland nonsense, born of denial. There is no hope for escrow distributions...

They were deleted because they were deemed worthless, with no further distribution.

Cheers!

[jhdf51]

Well, on one hand, you wouldn’t have made it through the front door of my company given your pessimistic outlook on life. I always hold a one percent chance for anything.. but you are correct when examining COOP. It is the deal and will be a big deal and applause to those that took advantage of the share price when it dropped back.

JHD

[PickStocks]

It will not be old escrows….that much we do know….Coop has been doing wonderful looking for the price moving up

[UpTickMeA$AP]

I can say with 100% confidence who it isn't.

Any connection to deleted fantasy escrows.

I'm surprised it took until this evening to attempt to connect today to fantasy. Usually it happens earlier in the day...

Is there anything you guys haven't tried desperately to connect to the fantasy nonsense?

Another earnings comes and goes, with no mention of fantasy nonsense by $COOP. Many more years of this to come.

On a bright note! $COOP is doing awesome! And continues to rise, without any fantasyland nonsense!!

Cheers!!

[jhdf51]

Great call on the $82!

JHD

[Split T]

Jay Bray: . You know we boarded [$130 billion] (ph) in the first quarter and our actual little compensation expense went down and we think we could board a [$100 billion] (ph) portfolio today and add less than 50 people. .


Jay Bray: But we're very, very bullish on the opportunity, and we just actually bought some additional portfolios this week."

1% in (new notes) might be close to buying $100 Billion in MSR's. Compass Point's, Giuliano Bologna just raised his Target to $95.00, it very conceivable that he learned of COOP's new Billion Dollar Notes and perhaps knew of an offering on new MSR in the $199 Billion range. The auction information and the winners Name is easily obtained. So who was the Buyers of the new 1 Billion in COOP notes?

My research leads me to believe this transaction was postpone until after the end of the First Quarter and has now possibly taken place, hence Compass Points new target of $95 and me raising my estimate of today's Price fro $82 to $84 + , we did hit the $82 Dollars today and the May Options at this hour indicate a range of $86-$87. I do believe Giuliano Bologna is onto something that wasn't observed by the other analysts and they will be raising their targets in the next few days to 2 weeks.

Wow, who could be the lucky Beneficial Owners of the new 1 Billion Notes that are getting such a handsome return for the next 8 years? Any Guesses?

[newflow]

SECTION III: ·waiver of Dividends and Proceeds from Litigation
To the extent, if any, that MMMC is or was a shareholder o:f W aMu or its holding
company and by virtue thereof is or may be entitled to a dividend, payment, or other distribution
upon resolution ofthe receivership ofWaMu or proceeds in any litigation that has been or could
be brought against Federal Deposit Insurance Corporation in any capacity or against the United
States based on or arising out of, in whole or in pa.it, the closing ofWaMu, or any alleged acts or
omissions by Federal Deposit fusurance Corporation in any capacity, the Unitect·States
government, or any agency or department ofthe United States government in connection with
WaMu, its conservatorship, or receivership, MMMC hereby knowingly assigns to FDIC-R any
and all rights, titles, and interest in and to any and all such dividends, payments, or other
https://www.fdic.gov/foia/plsa/10015-wamu-masonmcduffie-mortgagecorp-2023.pdf

[jhdf51]

Thanks Pick... ♥️

JHD

[jhdf51]

I see...$4.137B in unsecured senior notes. Could you further explain what you mean by over leveraged?

JHD

[PickStocks]

That does suck. I pray she has better days!

[jhdf51]

Was a great close..

JHD

[wowalters]

Trying to figure out the top of the new escalator is the hard part. 85,90,100,200 LOL

[t1215s]

JWW. Daily closes inserted
Date Open High Low Close Adj Close Volume
Apr 24, 2024 81.00 81.98 78.39 81.72 81.72 1,043,594
Apr 23, 2024 78.48 80.21 78.47 79.48 79.48 596,800
Apr 22, 2024 77.68 78.62 77.28 78.06 78.06 453,800
Apr 19, 2024 75.61 77.67 75.61 77.55 77.55 389,200
Apr 18, 2024 75.76 76.76 75.69 75.77 75.77 271,800
Apr 17, 2024 75.90 76.57 75.28 75.71 75.71 208,600
Apr 16, 2024 75.30 76.01 74.49 75.56 75.56 194,400
Apr 15, 2024 77.16 77.17 74.71 75.49 75.49 271,900
Apr 12, 2024 76.62 76.96 75.00 75.87 75.87 273,100
Apr 11, 2024 76.55 77.29 76.03 77.22 77.22 279,700
Apr 10, 2024 75.83 77.72 75.32 76.45 76.45 498,800
Apr 9, 2024 78.51 78.54 76.25 77.57 77.57 245,600
Apr 8, 2024 77.68 78.15 77.06 77.54 77.54 463,800
Apr 5, 2024 75.92 77.53 75.53 77.13 77.13 602,300
Apr 4, 2024 76.20 76.90 75.44 75.94 75.94 376,900
Apr 3, 2024 75.49 76.23 75.06 75.74 75.74 507,900
Apr 2, 2024 75.79 76.26 75.16 75.84 75.84 401,400
Apr 1, 2024 77.46 77.67 76.59 76.74 76.74 321,900
Mar 28, 2024 78.28 78.53 77.76 77.95 77.95 600,000
——————-
GogoooooCOOP-
Have a great evening people-Ts
GLTA-Ts

[t1215s]

Well all in all still nice close today ,AF #s ,let’s see what tomorrow brings with COOP-OTIS, I HOPE 80+ is the new escalator

After Hours Time (ET) After Hours Price After Hours Share Volume
18:03:27 $82.18 1
17:51:25 $82.19 1
17:35:15 $82.19 2
17:23:27 $82.18 1
17:15:57 $82.25 13
17:15:15 $82.21 13
17:01:22 $80.14 1
16:47:00 $82 50
16:34:14 $82.15 29
16:34:10 $82.15 1
16:21:44 $82.2 100
16:13:24 $81.72 7,500
16:06:40 $80.14 1
16:01:50 $81.72 16
16:01:28 $81.72 128
16:01:24 $81.72 1,188
16:01:17 $81.72 704
16:00:46 $81.72 5
16:00:40 $81.72 114
16:00:03 $81.72 210
16:00:01 $81.72 109
16:00:00 $81.72 67
16:00:00 $81.72 584
16:00:00 $81.72 1,251

GOGOOOOOOCOOP
Have great evening people GLTA-Ts

[jhdf51]

Thanks Pick. I agree. My last parent. The long slide and deteriorating effects of Alzheimer’s sucks

JHD

[newflow]

https://www.courtlistener.com/docket/4215192/12735/1/washington-mutual-inc/
Page 7
Provider further, however that,
(a)in the event that former Trust Beneficiaries receive a distribution and,
(b)Griffin is a fomer beneficiary of the Trust, Griffin shall be entitled to receive her allocated portion of any such distribution.

[JusticeWillWin]

Short-interest slightly increased to 1.65M as of 04/15/2024

Also latest COOP SHORT-INTEREST today AFTER 4:00 p.m. ET

COOP short-interest: https://www.nasdaq.com/market-activity/stocks/coop/short-interest

Dissemination dates: https://www.nasdaqtrader.com/Trader.aspx?id=ShortIntPubSch

[PickStocks]

Mom’s are the best. I hope she gets better.

[xoom]

Thanks MB. But how would that impede JPM making its payment for WMB ( and not the 1.9B crap spewed by the resident naysayers) ?

[jhdf51]

Thanks Mad. Yes mom not so good but thank you.

JHD