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Is this pattern still holding?
By the time earnings are released this stock will be back to $39 or lower. The good earnings news may bring it back to above $40. It is hard to see how it ever reaches its previous high $53 or any where near its book value.
COOP's servicing income expected to DOUBLE in Q3 and DOUBLE AGAIN in Q4 according to...
Earnings call presentation page 7
https://s1.q4cdn.com/275823140/files/doc_financials/2022/q2/2Q'22-Earnings-Presentation_FINAL.pdf
...and also mentioned in the transcript:
https://fool.com/earnings/call-transcripts/2022/07/27/mr-cooper-group-inc-coop-q2-2022-earnings-call-tra/
Housing Paralysis Engulfs US Buyers With Prices Starting to Fall
A good read IMO.
https://www.bloomberg.com/news/articles/2022-09-22/will-home-prices-fall-higher-mortgage-rates-are-freezing-out-us-buyers?cmpid=BBD092322_MKT&utm_medium=email&utm_source=newsletter&utm_term=220923&utm_campaign=markets
GLTA-Ts
Good morning people, tze today we just might be glad that it’s TGIF. Babeeeeee with the DOW as of this post is down 370 the NAZ down 175 and COOP might touch my buyin target once again @ 40.01/10 and Then we’ll see if I get stuck for awhile or not for more freebies and if I do get stuck for awhile what the heck my Fi play has half of my play monies locked down and will continue to for what seems like a long while , soooo keep ur hands in ur pockets
GogooooooCOOP
Have a great weekend people -Ts
You might get your 20 range, BB!?? HmmmJMO
We are not all dead yet. Is there anything we can do?
Yep, they are quick to claim payment is in the works….then when they are called on it or the goal posts are moved then they attack without reason…
Why because I have not bought into you reasoning that payment is coming or RD’s that his theories are correct…. You keep believing it will happen soon…..any day that check will be mailed…
Pick.....there are some posters on the message board who know that nothing is coming back, but they post just to "spoof" and continue the narrative that started years ago....any sane reader of all the links posted of the official POR 7, and chapter 11 closing would come to the conclusion that nothing is coming back...so, it is just a "cat and mouse" gotcha game now...notice most of the old time posters are gone from the board....Lodas
"You want someone to say it is happening soon…."
Not in particular, but you, imo, 'try' to act like a know it all.
So either an insider, or???
You want someone to say it is happening soon….but yet we have heard that for years…..you can believe what you like….
"It won’t be a problem as it will not happen anytime soon or at all… "
Are you saying you actually have inside knowledge? Or are you just guessing at an opinion?
Yawwwwn.... No news whatsoever about anything materializing on the "F&R" front all these days in Sept...I know, I know, this is supposed to be the "COOP' Message Board and not supposed to discuss anymore on WaMu...Anyways, at this Pace, I doubt if we'll hear anything about "F&R" for WaMu Escrow-holders by EOM Sept 2022...Next Date: 12/31/2022....
It won’t be a problem as it will not happen anytime soon or at all…
"Even though I won't change much of anything" thats called Quality.
That would be sweet as again, I hold a few more LEH 25$ (K) equivalents than I do WMI K's
AND YEPPERS it would/WILL have been, WELL WORTH THE WAIT or at least to me on both LEH and WMI, even if both are only paid their FACE value would be a HLCE for me.
Even though I won't change much of anything
I don't know, Bb?? It's beyond weird for realzz
Yeppers to that !
Thanks Good the Best Fellow
"that in the event that all Allowed Claims in LBHI Classes 1 through 11 have been satisfied in full in accordance with the Bankruptcy Code and the Plan, each holder of an Equity Interest in LBHI may receive its share of LBHI consistent with such holder’s rights of payment existing immediately ..
..”prior to the Commencement Date”. (Sept 28th ???)..
EFFECTIVE DATE IS THE COMMENCEMENT DATE ON OCTOBER FOUR RATHER
RE: Administrator is authorized to abandon the Records “commencing” fourteen (14) business days following entry of this Order (the “Effective Date”);
“COMMENCING FOURTEEN BUSINESS DAYS”
——//———-//———
EXCERPT:
In the event that all Allowed Claims in LBHI Classes 1 through 11 have been satisfied in full in accordance with the Bankruptcy Code and the Plan, the Plan Trust may receive Stock Distributions which will then be distributable among the Beneficiaries consistent with each Beneficiary’s rights of payment as holders of LBHI Stock existing immediately prior to the “Commencement” Date,
It's not great I admit...but post after post of negative is not great either...The Fed will be pushing rates over next year and it's time to buckle up but I am still very positive here over long term...
JHD
I’m carrying the goalposts to my place in celebration when first bucket of cash???? arrives!!
Have you figured out why when xome is valued at maybe 2 billion it is not accounted for on the corporate structure yet coop has only one sub and it is not xome…..
Wow….this should be trading at twice this value…..is the market not accounting the pretend value of xome…..xome is worth billions……
What we have not received the first buck of cash…RD’s and large green research all pointed to escrows being paid…..did they move the goal posts again….
What the western media will never report.............tick tick tick tick.
Fyi real estate accounts for ~30-35% of the chinas gdp.....do the math.
Lets hope they can avert this latest disaster.
50 million homes are empty in China
EVERYTHING is now in a race to the bottom.
Me? I will continue to hold until the 12th of never, and in the meantime continue to stack the shiny (which is also on sale).
If you cant handle the stark reality of where we're at then i suggest only reading posts that present a glowing outlook that makes you feel warm and fuzzy inside.
Loads of those available on this board.
They have created the FRUSTRATION LEVEL they wanted before their next move IMHO
LOL """NO COMMENT"""
Coop?? Hello, anyone home?
Ya'd think, it'd ne at least 57.. what is the problemo?!
Weekly chart======>Huge Bullish Pennant! BREAKOUT next week?
See: https://www.investopedia.com/terms/p/pennant.asp
COOP's book value increased to $56.34 in Q2, but trading only at 76%
See also: https://ycharts.com/companies/COOP/price_to_book_value
Do you remember the Fed Statistics during the Planancial Crisis. Everything they learned from that Crisis they went and used it during the Plandemic. People paid their Credit Cards and not their Mortgages. They would rather keep up with their lifestyle and rent than have a place to live.
And you have been so positive…
JHD
Apparently some dont understand basic household economics where food and other basic necessities people require to live will always be given precedence over mortgage payments.
MadBadger, I sleep with one eye open and a SW 38 under my Pillow. lol
They wont catch me asleep and I'm not a long timer at this point...2 years Max. and I will take a powder.
"We’re good until 2026. Notes are due in 2027. NOLs will peak and best utilized between 2024-2026. It was in the graphs in the very beginning.
I hope after following this debacle your not falling for Their Bullsheeit Lies and are Ready for their a Hustle. “The Crash”"
Just means more mortgage defaults you can only squeeze people some much before they throw in the towel and walk away. Banks will cause the crash with high interest rates on credit cards and mortgage’s. People don’t have the money right now and are using the last source they have CREDIT CARDS.
Again market fails to see that rising rates are very positive for COOP's servicing income (which is already expected to DOUBLE in Q3 and DOUBLE AGAIN in Q4 as the BOD said), and higher rates are even more positive and should increase it even more. And COOP will also post another positive mark-up of their huge MSR portfolio end of Q3 (end of September)...
pennies...but still green...for now.
The market is going down due to the Fed Rate Hike just announced, and COOP is still green. That should tell longs something.
Well the market was green 225/30 a short while ago which was a surprise to me and is as of this post +146 and declining which is no surprise to me , it is possible in these times the market will end up in the red
GogooooooCOOP
GLTA-Ts
Seriously, what you say doesn’t even make any sense. You are equating buying a business like XOME and growing it with buying COOP stock? Haven’t you seen how this works with other parts of tech belonging to COIP being bought by blend jabs and others to grow enhance their business.
COOP is different than their peers/competitors thanks to COOP's balanced business model and tons of unrestricted cash and liquidity and their strategic plans...
It should trade much higher IMO
If I had 2B to buy XOME, I would instead buy 2B of COOP.
That way I own 60% of COOP, which still owns 100% of XOME.
Why would I just buy XOME if I had 2B???
COOP has sold nany of their side businesses for substantial amounts, because those were not being accounted in PPS. Selling gas not hurt COOP price, only helped it. The same is the case for XOME, except XOME is the most valuable.
COOP’s is doing very well all things considered. Have you looked at the rest of the market? NDX down from 16,764 to 11,890. COOP down from $53 to $44. RKT down from $18.13 to $7.56.
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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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