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Are they more in the know? Hold2wm
JHD
Protective order. Means we don’t know the settlement, terms etc. FDIC can hide it and we will never know. Typical BS.
Libor is happening. Just released:
401804/17/2024PROTECTIVE ORDER AND STIPULATION.regarding procedures to be followed that shall govern the handling of confidential material. So Ordered. (Signed by Judge Naomi Reice Buchwald on 4/17/2024)
We are getting close. The judge has a fiduciary duty to follow the proper disbursement of settlement funds.
Very nice, and agreed!
I hate to say it, but bring on "higher for longer".
Go $COOP!
My chart PT is also ~$100, fair value is even ~$200 considering the low P/E when compared to other companies in the financial sector.
So exciting times ahead IMO
Pretty awesome that they ALL have impressive PTs, with nice upside from here!
It's going to be very cool when we get out first $100 PT.
GO $COOP!!
😁
Pretty awesome that they ALL have impressive PTs, with nice upside from here!
It's going to be very cool when we get out first $100 PT.
GO $COOP!!
😁
LATEST $COOP price targets==>Compass Point:$95, Piper Sandler:$88, DEUTSCHE BANK:$88, UBS:$86, KBW:$86, Barclays:$85, Wedbush:$85
Hold2wm now thinks settlement is days not weeks away.
I agree but we dont know for sure. A friday afternoon news dump would be prudent. Bury it in the news.
100% true,the "disclaimer" was added recently.
Living in a alternate reality,where what you post no one understands ( on purpose)...and then claim victory,by twisting what was said.
"COOP is the tell"...became "I told you to buy COOP,when it was 5 bucks". LOL,what a joke.
Nothing like jumping on the COOP board to brag about your so called "achievements",when you have none...lol!
What the new Fdic order of protection tells us.
This Libor order was approved by the judge. So it means 2 things.
A settlement is underway.
The Fdic does not want the terms public.
This may be good or bad.
Will we ever know the amount of the settlement?
How will we know that the Fdic is going to be fair with its distributions?
Lets hope the judge makes those determinations.
We know the Fdic is corrupt so how do we know they will divide the settlement appropriately?
ol cactus has always attempted to properly use terms like, ... "in my opinion" ... or ... "my conclusions lead me to believe"
AZCowboy..... you said everything now is coming to a head................what is coming to a head, and when?....... spell it out in documents, statements, or links to any information that you possess.....the reorganized company said that your common equity, and preferred values in WAMU, and WMI cancelled by official statements, and signed by the court judge, and releases given to all parties involved with this affair.......Lodas
~ THANK YOU Boris' and JB92106, ... "COOP" was the Result of a 2018 Acquisition', One could Start' at 2018, and Move Forward and Experience the Promotions that a mere' SEC allowed "registrant" Was Able to financially represent' for a Multi Billion Dollar Corporation' (WaMu) That Successfully Went Through A Reorganization and "Only The Holding Company" ~
... "COOP" is merely the name changed result of a 2018 acquired loan servicer, that SEC reports merely with one operational sub' ... That ? in and of itself is hilarious' ... LOL' ... and' ... and sick as that may sound, all of these actions are allowed by the SEC' ...
... ol cactus has always attempted to properly use terms like, ... "in my opinion" ... or ... "my conclusions lead me to believe" ... and not once has this cowboy EVER recommended a Buy, Sell, or Hold ... to anyone, Here or anywhere else' ... ! ! ... the closest I ever came in an effort to help out ?, was at the end of 2017' and beginnings of 2018 ... was to say ... "Watch the Newco WMIH / COOP It Was The "Tell" ~ ... believing that a rapid rise from the single digit pps was going to happen up to the $50.00 pps minimum that would be necessary to release the Debt' available ... I Participated in that pps move up' ... Heavily as stated' ...
Everything is NOW coming to a head ...
"Abba Da Ayy" ... (beginnings of, everybody luvs ray) Have A Nice Day)
just sayin'
AZ
You said it did not…..remember the only person who claims they are friends are cactus….
Please keep claiming billions upon billions coming back…soon….or bk is not closed…the fdic is not done…. Happy to say I am wrong……the fact is……where is the money in your account for old escrows…not there…until then keep the theories coming……fact….until money shows up…..after 15 years…and counting….nothing….no cash….maybe you should have taken cactus advice and invest in coop….
👉👉👉COOP BOD wants to "...COMPOUND tangible BOOK VALUE at a DOUBLE-DIGIT PACE..."
From the COOP 4Q'24 earnings call on Feb. 9, 2024:
But we will work diligently to compound tangible book value at a double-digit pace which for us is an exciting prospect.
Yes and by pure logic we know that on each of these highly active influential boards holding billions of dollars for someone there are detractors.
Voldemort is not going to say he is a detractor nor will some of the others however we know you're here. Oh and detractors are not truth tellers.
Picky, You mean AZ talks to himself pretending DL is standing next him ?
👉👉👉Only 4 BUSINESS DAYS until COOP Q1 earnings on April 24 (pre-market)
See: https://www.businesswire.com/news/home/20240404446961/en/Mr.-Cooper-Group-Inc.-to-Discuss-First-Quarter-2024-Financial-Results-on-April-24-2024
Good morning people,, jb9 Maybe ol’Cactus just likes jerking the chain every once in a while to get his jollies off, hey no skin off of my back but! it has left scares on others as you can read lol., otherwise why say/post what he does when he does these days hehehe
On another note, COOP-OTIS has and isssss doing fairly well and will be interesting to watch in the upcoming days once again
GoGooooooCOOP Have a great day people GLTA -Ts😉
Pretty soon….it will also be proven that Doreen is only a one sided friendship and it is cactus….
JB, I think he shared enough info even for anybody with 1/4th of a brain, to put 2 and 2 together and predict/speculate a potential future event/events.
IMO there is no new actor. It’s the same old actors who have always been here.
Sensing a positive event soon for all of us who have waited for 15.5 years for a meaningful return on their investment.
GLTA
Tier 1 of 8.4 Before the Orchestrated ‘Run on the Bank’.
Tier 1 of 7.8 according to JPM own 2008 Annual Report regarding WMB, and JPM was only 3.5 according to the same filing.
WaMu saved JPM and the Government.
JPM’s derivative portfolio was underwater TRILLIONS!
Yes, TRILLIONS!
The Government couldn’t bailout JPM.
The Government needed real cash.
WMBfsb had $40 Billion on hand for WMB.
41.6, time to pay!
Ron
WAMU was solvent!
Park to Market overnight I'm unnecessary greedy piggy really stupid deal that they did with women brothers and Morgan Stanley and whoever else sucked a big one. 2 years later they decided yeah that was stupid let's not do that again. Yeah so you know diamonds not a leader.
Hardly.., AZ knows exactly what he’s talking about, simply chooses not to share the information on iHub!
Yes true. One thing I always do is cross T’s and dot I’s…. I released for myself, my wife, the trusts for my kids… all done W 9’s the whole works. Signature receipts on everything.
JHD
Nd9...he will not answer you because he doesn't know. AZ has been saying this for years. It's a shame he keeps doing this. It's obvious he is getting something out it what I don't know. Anytime someone keep using "XXXX" and not the name to me it indicates an emotional problem.
PROTECTIVE ORDER AND STIPULATION.
4018 04/17/2024
PROTECTIVE ORDER AND STIPULATION.regarding procedures to be followed that shall govern the handling of confidential material. So Ordered. (Signed by Judge Naomi Reice Buchwald on 4/17/2024)
Ron
We only have to be right once.
Its a corrupt world so nothings certain anymore. But all things are lining up now.
So ask yourself this.....do you feel lucky? Did you release?
Given the past missed guesses by many, no one really knows.. it could be still forever, or never.
JHD
Understand if they take off the 12 Billion they claim as a deficit.
LOL. So the FDIC keeps 400b???
Where do you people come up with this nonsense?!
Loads claims nothing coming back to us, goes all to FDIC.
I saw $1.2 Million showed up in my Etrade account early this morning! Sadly I woke up shortly after.
Have a great evening everyone, I'll check in again in May, history says everyone will still be sitting around waiting.
Vodka.
Latest 2024 Proxy Statement from COOP shows (again) in a legally binding document that AZ‘s claimed secret parent “XXXX“ simply does not exist. Just like in all prior years since he came up with this claim.
And just like in all prior years this will of course be completely ignored.
https://s1.q4cdn.com/275823140/files/doc_financials/2024/sr/2024-proxy-statement-bookmarked.pdf
Why not just ask him….while he still claims XXXX…playing a kids game “I know something you don’t”. Does he not trust you to hear the truth who XXXX is….yor is he just leading you with a carrot to stay in the fold…
This post is a total croc of Sh*t, and displays a total misunderstanding of the differences in settlements of chapter 11, an chapter 7 bankruptcy filings...
(1) chapter 11 is a company restructuring of assets whereby the Creditors are paid values for their holdings according to agreements between creditor, and debtor, and signed by the court...any assets remaining BELONG TO THE EMERGENT COMPANY TO CARRY ON THE BUSINESS, AND TITLE TO ASSETS BELONG TO THE COMPANY, NOT SHAREHOLDERS!!!!!!!!!!
(2) a chapter 7 is a LIQUIDATION OF COMPANY ASSETS, WHEREBY CREDITORS ARE PAID WITH EXISTING ASSETS FIRST, THEN IF THERE ARE ASSETS REMAINING, THEY ARE GIVEN TO SHAREHOLDERS......... the company then ceases to exist!!!!!!!!
WMI was a chapter 11, the creditors were paid, existing shareholders given stock in a new company, and ALL TITLE TO ASSETS BELONG TO THE DEBTOR.......you are not a shareholder in old WAMU, or WMI assets, as they were cancelled , extinguished, and all rights unto previous prospectus are null and void.... what you are is a shareholder in the new company called WMIH, which were given to you, in exchange for your release signature.... YOU POSSESS NO RIGHTS TO FORMER ASSETS OF WAMU, OR WMI.....and stop laughing until these facts are understood....Lodas
CONSERVE & PROTECT IS NOT CONCEAL, ITS A FIDUCIARY DUTY.
AZCowboy, sounds great! Thanks you very much! When you say, “it won’t be long,” are you thinking a couple of months? A few months? A year? I know that is a hard question since you don’t control the process but any thoughts would be appreciated.
Thanks again,
Nd9
XOOM,
1) JPM is responsible for the 15B in (SD) now grown to about 34B
2) The SD was placed in Tranche Five (Equity last in line for spoils tranche 6) of the now officially closed and terminated WaMu bk cases effective Jan 20, 2020
3) JPM is also responsible for all of the assets they purposely took from the former WaMu Estate and must pay Book-Value for them such as 24B in shelf-ready MBS assets plus much more as it was illegal to seize the WaMu Holding company in year 2008
4) JPM was ONLT to receive Servicing fees for handling the 650B in 2008 MBS assets
5) So, much more to come at some point BEFORE JPM CEO Dimon departs in late 2026 OR BEFORE
...
~ Just Checked', the WMB Bonds Are, and Continue to be Serviced By a Sub of (XXXX) ~
There will NOT BE a Claim on the FDIC site by the WMB Bonds to Satisfy
The WMB Bonds are quite Healthy, ... LOL'
The Preferred Managing Sub has only experienced Cash In ! ! since 06/30/2018 ... qtrly coupons ended and the run-off notes were paid off'
Released Commons are Greeeeat', ... because they OWN the Original Estate, ... Ordered by Judge Walrath to continue all business operations, while only the holding company was to be reorganized' ... now ? wait for it, it won't be long LOL'
just sayin'
AZ
Don’t JPM and COOP send mortgages for servicing back and forth ?
Isn’t JPM servicing AZ’s bonds ?
So they are related in some way ?
Why are you sooooo concerned ?
You can believe in anything you wish. Yes, this BK is not actually closed by the FDIC yet.
However......IF IF IF, as you say, JPM is going to pay old WAMU Shareholders some cash to close out the BK, it does NOT have to raise money by selling long term or short term bonds. JPM has currently $900 BILLION in Cash. It does NOT have to sell Bonds to pay us.
So everything Royal is posting is total BS.
The iggy button... Now why kids is Valdemort and others still constantly negative on a board??? Nothing coming back, The sky is falling...HAHAHAHA The funny thing is that we old share holders can not buy or sell anymore in the US... We are all waiting sitting on the coat tails of Billionaires. The debtors are done but remember this is a chapter 11 not a 7. This means what kids??? Yes the story continues, the company continues. Does any one remember the FDICR finishing up their work? Nopey. Does anyone remember JPM paying book value yet, not just the 1.8 B? Nopey Has the LIBOR suits been resolved yet?? Nopey Well then kids this is not complete then is it!!!!hahahahaha The sky is falling, the sky is falling!!! Well it actually is, but I believe it's raining $$$$$$$$$$$$$$$$. So if we ignore the above and only believe there was 24B that has grown over the years that would mean $$$$$$$$$ is coming back toooooooo..... Anyone remember Dr A or the 86B???
Do your own research, believe what you will because it's easy to judge. What is hard in life is to learn. Any one read know what you own??? Is this finished yet....Nopey!!!
I had some time today so I thought I might share some of my thoughts with you today. Feel free to do with them as you wish. I always laugh when I hear nothing is coming back, I always feel sad for those poor souls.
Have a great day!!!!! It is a beautiful day to be alive!!! Enjoy your family and friends!!!
EXO
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: 10.35
COOP's forward P/E is only: 8.38
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
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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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