Mr Cooper Group Inc (COOP)

[UpTickMeA$AP]

They weren't even sacrificed "unfairly"...

Washington Mutual was one of the absolute worst offenders of writing EXTREMELY bad loans. The No Income No Doc kings. I could write loans for a person's pet using wamu.. Sparky could legit own 4-5 homes.

18 years ago, I worked both as a loan officer, during the boom, then switched to Recovery during the bust.

I both wrote WAMU loans, and also worked recovery on them.

They were soooooo bad.... Hundreds of billions of pure shit. They dug their own grave. The run was valid.

Sheep in denial, are just that.... Sheep in denial.

[b3]

But you really don't get it Bob. Just because we were unfairly sacrificed in 2008 and many on here are angry. That does not mean that anything more will be ever be coming back to us. Sorry for me, and everyone. Your own personal opinion doesn't mean anything WITHOUT documentation!!! If Billions were coming back, everyone would hear, read, and talk about it. Nothing is going on.............

Ban Bob Forever!!!!!!!!

[PickStocks]

C’mon man they are trying to pump themselves up….so what they have been wrong for years….what is one more year……cactus still getting his imaginary distribution….frim his imaginary friends….Doreen…so funny it is only one sided…

[UpTickMeA$AP]

Let's also reflect on the fact that what you've always said....for 15 years...

Has never been correct.

Lazy, and sloppy foolish fantasyland nonsense.

More research, less babbling. Much needed.

[BBANBOB]

I get it
I've always said WAMU was sacrificed to save JPMC and the worlds economy OK BUT NOW YA OWE US SOMETHING FOR THAT.

BUT YA OWE USSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSS

But the question is DOUBLE WHAT DR "A: 86 bill or the 299 outside the pie chart or the 635 bill we had in loans in force at the time, which when paid out would have been about 2 times that amount

[ron_66271]

Double Works For ME.

We released JPM for “Willful Misconduct” for a reason.


Ron

[BBANBOB]

JWW

CARE TO SPLAIN THIS or just ignore it

""I still have a problem with the company suggesting this has an intrinsic value of a billion $$$ but, it seems to be missing from their books""

[BBANBOB]

JUST A KOWINKIDINK RIGHTTTTTTTTTTTTTTTTTTTTTTTTTTTT

anyone wonder what is in allllllllllllllllllllllllllllllllllllllllllll those other boxes

HHHHHHHHHHHHHHHHHMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM

[newflow]

https://casetext.com/case/in-re-libor-based-financial-instruments-antitrust-litigation-2 IN 2019

[BBANBOB]

JWW

"" like a sale or spin-off,""

BY WHOM
I still have a problem with the company suggesting this has an intrinsic value of a billion $$$ but, it seems to be missing from their books

[JusticeWillWin]

SIGNIFICANT PPS MOVE for COOP coming soon IMO! Successful monetization of XOME, like a sale or spin-off, or any other great NEWS! BTW the could already have reached their $1 TRILLION UPB goal in MSRs by now.

[BBANBOB]

955

IMHO the 41.6 is the closest we will get to RICO !!!!

NOW imho there will be financial considerations given imho for the 41.6 but seriously doubt they will be any where near treble damages

[sillyinvestor]

"Please share your reason for slowed posting behavior."

Although I am not one you were most likely referring to, maybe it's because everything HAS been said for 16 years?

[955]

FDIC on behalf of 20 failed banks and Freddie Mac suing 16 big banks over 400 billions on libor manipulation between 2007 to 2023. The latest news is that taking depositions ended today. FDIC asked judge no more deposition is needed. It seems they have enough evidence and witnesses to get billions of dollars from 16 big banks . several bankers have gone to jail in UK. It is perceived that big banks will settle rather than going to court. It has been said between 100-200 billion will be the amount of settlement. How much of that will go to Freddie and I believe some money will go to FNMA because of libor manipulations Freddie and FNMA lost billions of dollars.

- Posted by fdicr on FNMA board

[vodkadejour]

There's a fascinating posting culture on this board, probably typical of other finance boards, but still mysterious.
The current situation we find ourselves in is such:
-A strong percentage of regular posters believe payment re escrow markers is very imminent.
-While this has happened a couple times a year for the last 15 years, reading the latest posts I would classify the mood this time as "very sure", probably in the top 5 of roughly 30 such instances in terms of the general posting crowd's surety of payout.
-As such one would expect non-stop posting from all different members about all different aspects of what is to come or what may be, after all there is sometimes non-stop posting about much less exciting developments.
-Yet, mysteriously, a bit of a quite has developed. If you calculate how many posts per hour at various different times or events, right now is surprisingly slow if you consider many posters are imminently expecting an event, and as a psych person I find that fascinating. So whats the reason? I see three possibilities:
1. Everyone is so sure of payout there's not much more to say, but just sit and wait for it to manifest.
2. Subconsciously there is reasonable trepidation that this is another disappointing false alarm and everyone is holding their breath.
3. A combination of 1 and 2.

As I am less a contributor, and more an observer of behavior of the posters here, I'd love to hear from you all, those who often post 30 times a day, every day, but now are less active. Please share your reason for slowed posting behavior.
TIA
Vodka

[955]

Settle’s the Final Valuation for WMB and it’s Assets for JPM to pay.
Plus 41.6 “Willful Misconduct”.

RICO awards?

[t1215s]

Good morning people, Glad to see the COOP-OTIS is going up today as of this post 😉

GoGoooooCOOP
Have a great dat -GLTA-Ts

[955]

What a novel concept!

[955]

Hope you're right. We're certainly overdue. Hopefully LIBOR is not just another slap on the wrist. Time to bring an end to Eric Holder days of time out.

[lodas]

interest on your preferred was declared null and void 11 years ago... sink back in the foxhole and take a nap.... Lodas

[cookacrook]

Hello guys, just wanted to raise my helmet on a stick from dug-out position 8242, eroded shirt colors, but still fully operational. I want to get Jamies axx served on a sliver plate with full face value plus 16 years of missing interest payments.

Solar Eclipse on April 8th would fit to depositions and an obscure merger...

[JusticeWillWin]

👉👉👉"...our STRATEGIC FOCUS is now SQUARELY on RETURN ON EQUITY..."

...said the COOP BOD at the last earnings call

See: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173821650

[rwdutch]

F&R along with an eclipse ! Are the stars lining up?

[stoxjock]

Great News, Thanks for sharing...At Least I like the Fact that the Judge has denied any extensions and ordered that tomorrow is the last Date by which Discovery has to be completed...Hopefully, WaMu escrow-holders get some of the "F&R' promised, from whatever FDIC recovers in this LIBOR litigation...

[Boris the Spider]

I'm naming my next child Naomi. LOL

[Boris the Spider]

This is The closest we've been to.payment in 16 years.

Lets see what the coming weeks bring! Wow. Incredible developments.

Nothing is 100% so dont get too excited but this looks big.

[Royal Dude]

Thanks, Ron. April 4th, Depositions are done, and better yet, no more delays.

[Royal Dude]

And The Court’s Response to the FDIC.

4001 04/03/2024
ENDORSED LETTER addressed to Counsel from NAOMI REICE BUCHWALD UNITED STATES DISTRICT JUDGE dated 4/3/2024 re: The Court is in receipt of the Direct Action and OTC Plaintiffs' letter of April 2, 2024. ENDORSEMENT: Dear Counsel: The Court is in receipt of the Direct Action and OTC Plaintiffs' letter of April 2, 2024. See ECF No. 4000. Of course, the Court has no interest in interfering with counsels' continuing cooperative efforts as reflected in the existing scheduling order and its prior iteration. However, regardless of counsels' efforts inter se, the Court considers fact discovery closed as of April 4, 2024. Further, as the Court has repeatedly made crystal clear, there cannot and will not be any further adjournments of the class certification, summary judgment, and Daubert motions. Very truly yours, NAOMI REICE BUCHWALD, UNITED STATES DISTRICT JUDGE. (Signed by Judge Naomi Reice Buchwald on 4/3/2024)

https://www.docketbird.com/court-cases/In-re-Libor-Based-Financial-Instruments-Antitrust-Litigation/nysd-1:2011-md-02262

OTC is code word for Derivatives.

She is NOT messing around!
Ron

[Boris the Spider]

Ron, love it! No more delays!
She knows theyve jerked around the shareholders for 16 yrs. Enough is enough. Gavel drop! Settlement time.

GLTA

[ron_66271]

The OTC Defendant’s (JPM and Friends),

Need to settle and pay for their Derivative insurance obligation’s.

This settles WaMu, Lehman’s and F&F, a few others.

Settle’s the Final Valuation for WMB and it’s Assets for JPM to pay.
Plus 41.6 “Willful Misconduct”.



Ron

[Boris the Spider]

Goodie, thanks. Great news. Next week we rock.
Looks like Fdic wants this wrapped up.
Wow.

[Nightdaytrader]

Ron_66271, thanks… sounds like they might be negotiating a settlement and were asking her for more time.. but she said no.. did I get that right?

Nd9

[ron_66271]

And The Court’s Response to the FDIC.

4001 04/03/2024
ENDORSED LETTER addressed to Counsel from NAOMI REICE BUCHWALD UNITED STATES DISTRICT JUDGE dated 4/3/2024 re: The Court is in receipt of the Direct Action and OTC Plaintiffs' letter of April 2, 2024. ENDORSEMENT: Dear Counsel: The Court is in receipt of the Direct Action and OTC Plaintiffs' letter of April 2, 2024. See ECF No. 4000. Of course, the Court has no interest in interfering with counsels' continuing cooperative efforts as reflected in the existing scheduling order and its prior iteration. However, regardless of counsels' efforts inter se, the Court considers fact discovery closed as of April 4, 2024. Further, as the Court has repeatedly made crystal clear, there cannot and will not be any further adjournments of the class certification, summary judgment, and Daubert motions. Very truly yours, NAOMI REICE BUCHWALD, UNITED STATES DISTRICT JUDGE. (Signed by Judge Naomi Reice Buchwald on 4/3/2024)

https://www.docketbird.com/court-cases/In-re-Libor-Based-Financial-Instruments-Antitrust-Litigation/nysd-1:2011-md-02262

OTC is code word for Derivatives.

She is NOT messing around!
Ron

[suzuki1a]

I’ve said it before and I’ll say it. I hope you’re right and I’m wrong.

[stoxjock]

And it took so long for the GubMint (FDICK) K*sockers & WMI-LT scundrels to put up this Message?

[goodietime]

I believe the date has changed. Now 04/04/24

From hold on BP: 04/02/24 4pm

"FDIC filed a motion/request to ask the court to take limited # of depositions by Thursday April 4th. It seems that close of discovery is on 4/04 and not 4/14. With that we line up perfectly for some real actions starting next week.

4000 04/02/2024 LETTER MOTION for Conference to request approval from the Court to take a limited number of depositions following the close of fact discovery on April 4, 2024 addressed to Judge Naomi Reice Buchwald from James R. Martin and William Christopher Carmody dated 4/2/2024. Document filed by FDIC, as receiver, Federal Deposit Insurance, The Federal Deposit Insurance Corporation as Receiver, The Federal Home Loan Mortgage Corporation."

[jhdf51]

yep...but remember..."three more weeks" is a well used term amongst many on the board.

JHD

[Boris the Spider]

In our favor is Judge Naomis age at 80.
I love that she wont roll over. This case will be her legacy and she will want to end her career with justice for the little guy. All 8500 of us who got screwed by this corruption.

[Boris the Spider]

Apr 14 is deadline for Libor depositions to be filed with the court.
Oct 4 is the deadline for discovery. I am quite sure of this. Check with hold2wm on BP but I am certain.

[BigBang]

I believe that depositions occur after discovery. If, as you say, IBOR depositions get filed with the court at the end of next week, it must mean that discovery has been done.

[suzuki1a]

I’m going with option 3. “Or will these arrogant thieves wait and go to trial knowing that perjury and contempt of court no longer get processed.”
Jamie D, don’t give two turds about the possibilities of him being punished for anything criminal! Your correct BTS, “Not even a slap on the rest.” Sad, but too true!

[t1215s]

FYI.Mr Cooper Group Inc authorized number 300,000,000 shares of common stock according to their business contracts Justia:
GoGooooooCOOP
Have a great evening people, GLTA-Ts 😉

[Boris the Spider]

End of next week Libor depositions get filed with the court.
Will settlement occur prior, or will Dimon and his bank elitists wait till Oct 4 discovery deadline.
Or will these arrogant thieves wait and go to trial knowing that perjury and contempt of court no longer get processed. Not even a slap on the wrist.
Thats justice in America.
Lets hope Judge Naomis ruling has teeth.

[PickStocks]

What Large Green pumped this for years…..any day LTI will make a distribution…..

[Boris the Spider]

No money coming to escrows per KCC today:

From the LT. Of course we knew this.

"A CERTIFICATE OF CANCELLATION FOR WMI LIQUIDATING TRUST HAS BEEN FILED WITH THE DELAWARE SECRETARY OF STATE’S OFFICE, EFFECTIVE AS OF DECEMBER 31, 2021. There will be no further distributions or correspondence from the WMI Liquidating Trust."

Thank you,
Xxx

[PickStocks]

C’mon man we are still fighting for that 1% and 75/25……any day now……can not make this up..lol

[BBANBOB]

Why (I've) we've waited 16 yrs so whats 16 weeks or so more lol
And yes ya know I wish it was already done

In about 3 months it has gone from 61 to now sitting at 75 sounds pretty good to me

[jhdf51]

Yes...only it better reveal itself sooon

JHD

[JusticeWillWin]

Exactly!

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?

[BBANBOB]

Enjoy 🍌

Conspiracy theorists are convinced that a tiny organisation owns all of the wealth in the US.

Who owns America? That depends who you ask. A growing body of opinion points to an obscure, but immensely powerful organisation called CEDE and Company.

This small New York based financial institution has a dozen directors and no more than a half dozen employees but holds, according to some reports, some 34 trillion dollars in assets. A complex system of interlocking bodies, such as The Depository Trust & Clearing Corporation, the National Securities Clearing Corporation and the Fixed Income Clearing Corporation oversee all stock trading in the US. They all come under the umbrella of Cede.

And, on paper at least, own all the stocks traded. The multi-trillion dollar secret works like this: The Depository Trust Company is a private bank for securities. Every other financial organisation in the US, bankers and brokerage houses, is obliged to secure membership with DTC. Like the Federal Reserve, DTC is a private company entrusted with national responsibility. It processes all stock and paper securities for every US bank and brokerage house.

Cede technically owns nearly all of the publicly issued stock in the United States. Private investors don’t own the stock they think they own, but rather have contractual rights that are part of a complex chain of rights ending up at Cede and Company.

It sounds dry and academic, but it impacts every American. And as long as the USA remains the preeminent economic power on Earth, it affects the rest of us too.

The Depository Trust Company absolutely controls every paper asset transaction in America and they physically hold the majority of stock and bond certificates in their name. Very few people hold genuine stock ownership certificates. Most trust their brokers to do that for them.

And many Americans, who unlike Brits depend on private finance for all of their retirement and health needs, are concerned that these precious stocks could at any moment ‘vanish’ overnight to service the country’s staggering national debt. The Depository Trust & Clearing Corporation is notoriously publicity-shy, but the DTC’s Jim McNeff spoke to financial journalist Anthony Wayne. Explaining to Wayne how infallible the DTC’s governance of the US stock market was, he said ”DTC's first controlled test was 4 or 5 years ago. Do you remember Black Monday? There were 535 million transactions on Monday, and 400 million transactions on Tuesday". "DTC cleared every transaction without a single glitch!".

Wayne’s conclusion from that interview that Black Monday – a colossal financial downturn that ruined many Americans – was a controlled test. That it was a deliberately manipulated disaster for the benefit of the DTC.

With the global financial system becoming ever more complex, it’s increasingly hard for even the experts to understand much more than a part of it.

The 2008 financial crash which led from a crisis in the US subprime mortgage market to a series of massive bailouts that taxpayers are still paying for is just one symptom of a system that’s not only too big to fail.

As one Reddit user put it: “America has gone bankrupt 4 times. The government has mortgaged the entire country. No one really owns anything...we don't even have our original birth certificates. Titles and deeds have small print telling you the original is with the DTCC.

“All the people, and their property, are really owned by Cede, which is owned by the private bankers… “It is not a lawful system, but it is legal.”