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Cancel culture……when challenged…..
Now you are cactus Champion!!!! Awesome….
I believe, I could be wrong, that JPM is prohibited from buying the remaining assets belonging to our beloved WMI. At least that is what I remember but, then, much time has gone by.
Tried this sheet but doesn’t calculate.
here is a simple observation....... "if you cannot explain something that you believe to yourself, and others with facts, then it is just fantasy.........AZ Cowboy, with his opinions, without factual evidence, is trying to convince this board that WMI, exited chapter 11, with billions of assets hidden behind a company called "XXXX", which is non reporting, and allowed by the SEC to disseminate corporate material to people WMIH sold stock to in a public offering, without disclosing the true net worth of the companies holdings.... said another way:.. XXXX emerged from chapter 11 , and hid assets from the bankruptcy court, and exited as WMIH, then acquired NS, and it is using "coop", as a registrant to report earnings to the public, with support from the SEC, all the while, XXXX is allowed to remain hidden from the public with billions upon billions in unreported assets not disclosed to the bankruptcy court.... AZCowboy, further goes on to state, in his opinion, that XXXX will "soon emerge" from the background, and make restitution to former Wamu equity and preferred holders their former holdings, along with dividends that were suspended for 11 years!!!... of course, this is in contradiction to what the amended POR 7 states, but it does not matter to AZCowboy.... he says he can explain it very plainly with more time, and less documentation.... so, AZ, where are the documents for these assertions that you continually make in opposition to the official documents... either you are fabricating stuff, or WMIH is lying.. which is it?...... Lodas
Use the ignore feature. Let them talk to themselves.
Right on cue! AZ post a narrative and the twins appear, just like clockwork! Pick & Lodas, with their rebuttals toward AZ and his narratives. I noticed something a little different today, so obvious, the same ole by both .... and also ?!?!?! & !!!!.... 🤪 no doubt, this will be deleted!
Yes AZ this will be a big year.
Libor, shares, loads of cash, divvies, and my guess...that JPM buys it all and corners the mortgage servicing market.
Those who own COOP shares, and escrows, are going to have an amazing ride.
you have a lot of "opinions", but short on official documents.... here is one for you to read,,, the amended POR 7, page 96.... all common and preferred shares are cancelled, extinguished, and all obligations to pay dividends post chapter 11 closing is ended... it also says the Title to all assets belong to the reorganized debtor, JPM and the FDIC... it does not state that the former equity holders will be made "whole again" by some mysterious XXXX and give out shares... it also states the estate in no way belongs to former WAMU stock holders... it also say when you sign the release, you are barred forever from making an additional claim to retrieve assets, so, on, so on, so forth.... read it, and quit the BS... its up to the height of your boots now...in short,YOU ARE NOT A SHAREHOLDER ANYMORE , WITH ANY RIGHTS TO FORMER ASSETS OF WAMU WMI.....Lodas
What?!?!? Another prediction…
Quote: “Well Before 2024's Year End ~ “
You can’t go wrong unless 2025 comes and nothing happens…
Can you imagine the dividends that will be paid out now for those that held!
~ "COOP's" Release of All Operational Subsidiary's (Not All Assets) Is Only SEC Required in a Year End 10-K ... and IMO, COOP will make its outstanding share correction, and be at 100million shares out', (minimum) and XXXX will have shown up !, ... Well Before 2024's Year End ~
~ Know What You Own ~ ... or, don't own for that matter LOL' ... LOL' ... LOL' ... ol' cactus released and, Directly acquired WMB Notes' (cowboys' like lots of everything ! ! ) ... wooooo hooooo ! ! !
@ AZ Cowboy.... see what the SEC says about "registrant".......
h
ttps://www.law.cornell.edu/wex/registration_statement
in order for a company to issue shares to the public, ALL ASSETS MUST BE DISCLOSED.... that would imply that even if there was this mysterious xxxx, those assets would also have to be revealed!!!!... so, WMI, coop et.al., NEVER DISCLOSED THERE WAS A COMPANY BEHIND COOP, OR WMI . here is the facts... according to the amended 7 POR as ratified by all parties to the agreement, page 96...." all common and preferred shares will be cancelled, extinguished, and all dividends obligated unto the prospectus is NULL AND VOID, AND WILL NOT BE PAID!!!!!... now, what is your opinion about that official statement?....now , as for your docket,,,, it was stayed pending the outcome of the GSA settlement, and JPM paid about 250 million in penalties, and with signing of the GSA, ALL PARTIES GRANTED RELEASES TO EACH OTHER.....your docket is "kaput"... never will happen.... what say you?.... Lodas
COOP has still CAPACITY LEFT in their CURRENT STOCK REPURCHASE PROGRAM, but I am sure they will either extend it or start a regular DIVIDEND, which would even be better for the PPS
~ It's ALL Good, Even With "COOP's" Correction Back To A 100m Shares Out' ? ~
... COOP ... will NEVER Drop Below $50.00pps (IMO of course) ... and ... even if a drop in pps occurs, COOP will only be in that range for a very very short time because the Original "Posit" ... and ... the availability and the use of the 2.5 billion in Debt Structure Becomes a Reality ... (WMICT) ...
returning statutory interest is calculated and returned per each individual original released WMI ownership ... whether a WMI releasing common share owner' or a P fixed income bond releasing owner calculated separately ...
... any continued fixation with the now closed down and completed wmi-lt, or any reorg r/e, or any 75/25 ratios' of sharing' is ... Out The Window (long ago) ... it simply the reality' of "it is what it is"
nothing less than genius' ... (~ One Simply Needs To Figure Out WHO The Smart People Are ~) ... LOL'
and now for the 2nd time ... ~ Watch The Newco "COOP" It Is The Tell' ~
Wow thanks for that. I didn’t know.
JHD
Yep...its a crap shoot,but I can say this....COOP has DOUBLED in the last year!
Fingers crossed,we double again from here to next May!!!!!
May 9 2023 42.38....and today 83.00++++
Well, I don’t think anybody’s ever wrong with this one because you never know right?
JHD
Super happy to be wrong!!!
~ Yes John, "It's Coming" "COOP" "the registrant" Will Set The Stage For The GSA's Completion Between The FDIC and WMI, By Moving Itself Back To 100million Shares Out' ! ! ! ~
... "COOP(s)", share Buy Back program ... "Now FINALLY Makes Sense" ...
NationStar's Acquisition back in 2018', to "the mr cooper group", trading as symbol "COOP" ... able to legally be used as an SEC "registrant", able to SEC report with only ONE Operational Sub ... (LOL) ... NationStar LLC' ... the acquired Subs' loan servicer' ... "FINALLY" and COMPLETELY ... Makes Sense' ... ! ! ! !
Yes, the following is' On The Approved WMI BK' Docket, as the result of the GSA Settlement Docket # XXXX, and then' Fulfilled and Completed as Docket # XXXX at the 2012 Reorganization; and also placed upon the Formal Docket'
========
In its capacity as a creditor, WMI claimed, among other things, that;
(I) the FDIC dissipated WMB’s assets by selling substantially all the assets of WMB to JPMC rather than liquidating WMB’s assets, and thus the FDIC breached its statutory duty to maximize the net present value of such assets, and therefore owes damages to WMI;
(ii) the FDIC’s wasting of WMB’s assets constitutes a taking of property without just compensation in violation of the Fifth Amendment to the United States Constitution;
(iii) the FDIC’s refusal to compensate WMI for property taken in the receivership constitutes a conversion of WMI’s property, actionable under federal law;
(iv) the FDIC’s refusal to compensate WMI for property taken in the Receivership constitutes a conversion of WMI’s property.
========
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174290105
========
And The Numbers of Shares Necessary (now, Available) for "COOP" to utilize
~ "Defined" ... "COOP's" (current) Common Share pps, Is Directly' Related To a (2/3rd ish') Original Released WMI / WMIH (wamuq) (Plan) Common Share ~
The Following Transitional Event(s) ... were only' related to the WMI wamuq released common shares' ...
initial conversion @ .03349842 on 03/27/2012
conversion completion @ .00076346 on 08/03/2012
Upcoming COOP Conversion @ .0414252113836481 (IMO) ... Calculations Provided By The reorganized Holding Company's Actual 10-K
the tracking of the plan 7' released WMI (wamuq's) had to be "perfect" (in my opinion, for what is now' soon to come ! ! - COOPs return to 100m shares' ... yes, all planned for, a very very long time' ago ! ! ! )
any and all excess P' ... "Cash In" ... funding, would always have been maintained within the WMI / WMIH "Preferred Managing Sub" (segregated & NOT' involved in the Holding Company's Reorg) ... always maintained and held, for the original P' Fixed Income Bond, releasing Plan Participants' ...
yes, it's all coming together
======
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174311276
=================
From The ACTUAL 10-K
Released wamuq' WMI Common Shares ... OWN The Original WMI Holding Company's Estate'
the K's ... Depositary Shares each representing a 1/40,000th interest in a share of Series K Perpetual Preferred Non-Cumulative Floating Rate Stock ... again, on the ... New York Stock Exchange
the P's ... 7.75% Series R Non-Cumulative Perpetual Convertible Preferred Stock ... NOTE WHAT WORDING IS MISSING ? ? ... (the P's are and continue to be ! ! Managed by the WMI / now the WMIH Preferred Managing Sub ! ! !)
It didn’t hold its at $83.25! 😉
JHD
Quote: “They are 6 people who never owned ESCROW, or if they did own them, then they did not give consent , they believe , that those who gave consent , would give it all up . “
You have stated you do not own any escrows or coop shares but are quick to criticize others……you can not make this up…….lol
83.04!....doubt it will hold.
By the time I edited, its back under....
Wow only 939 shares trade at open!
It’s coming!
Semper Fi
Serafino
""ALL HERE WERE WARNED in 2008-09, that there would be people here attempting to get a following and that THEY WOULD TURN at the very WORST TIME and show their true colors."""
Hello Split T
I fully agree with you.
They are 6 people who never owned ESCROW, or if they did own them, then they did not give consent , they believe , that those who gave consent , would give it all up .
Or they never really owned the old WAMUs and now they refuse to believe, that there will be a handsome reward, plus a distribution of shares by the registering "coop" to be able to use NOLS in the future, which can grow from a minimum of 7B- to approx. $30B.
But the thing they hate is that they had the dove in their hands, but they opened their hand and the dove flew away.
Someone wrote, I think SUZUKI , that Judas has a double alias, which I thought some time ago.
Personally I don't have the time to read all those lies he churns out, but I think he has a job in this forum.
Good day to you
XXXX
👉👉👉COOP's @ $82 now but fair PPS is $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: 8.64
COOP's forward P/E is only: 8.18
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
Are you wanting Biz to teach you to invest….hey the Libor is coming soon……
You are just angry that you and cactus are not best buddies…..
The bad whale investment sent Dimon to the hill to explain what happened….
Yeah and in the meantime he's willing to side with all sides.
Pick & Lodas are the same person. One post, the other follows with in minutes, with what he perceives to substantiate the other’s post. Oh and always follows up with …. And a couple more sentences and ….. too funny ….
General information for the Board
https://docs.google.com/spreadsheets/d/1pwCKc7u2dfGuduf29OuF9u1Jag44gUl-q3ycCZgwz3w/template/preview?pli=1
15
Pre-Bankruptcy Exit Post-Bankruptcy Exit
16
17
Share Type / Name Former CUSIP Number
(Now Cancelled) # Original "shares outstanding/trading" at Filing of Bankruptcy (Est.) Quantity - Total Number of Released Shares
(See tabs for details) % that released Original
"Face Value" Equivalent # of $1000 face-value
(eg, Convert K's from $25 to $1000 equivs) % of Total 'Preferred' Pool New CUSIP for "Tracking" (aka, Escrow Share) Calculated
$ Total Paid "per released share" Calculated
Total Paid to entire "Share Type/Name" group / type
18
19
Class 19 - Preferreds Class 19 - Preferreds
20
TPS / aka REITs
(Trust Preferred Securites) multiple ??? 3,729,658 ??? $1,000 3,729,658 52.60% ??? 0.000000 $0
21
WAMPQ Preferreds
(aka Series R) 939322814 3,000,000 2,906,421 96.88% $1,000 2,906,421 40.99% 939ESC992 0.000000 $0
22
WAMKQ Preferreds
(aka Series K) 939322830 20,000,000 18,166,565 90.83% $25 454,164 6.41% 9393ESC84 0.000000 $0
23
24
Total Preferred (Class 19) Pool
(In $1000 'Face Value' equivs): 7,090,243 100% % per POR allocated to Preferreds = 75% $0
25
26
Class 22 - Commons Class 22 - Commons
27
WAMUQ
(Common Shares) 939322103 1,704,958,913 1,194,340,178 70.05% n/a
(market priced) n/a n/a 939ESC968 0.000000 $0
28
29
Total Common (Class 22) Pool: 1,194,340,178 % per POR allocated to Commons = 25% $0
30
31
Total to former Equity Shares 100% $0
WMIH: Here's how old shares relate in value to the new shares.
1 WAMUQ = 0.03349842 WMIH
1 WAMKQ = 0.4950146 WMIH
1 WAMPQ = 19.8005825 WMIH
1 WMIH = 29.85215422 WAMUQ
1 WMIH = 2.020142436 WAMKQ
1 WMIH = 0.050503565 WAMPQ
PickStocks..... "london whale fiasco " of JPM.... Lodas
Trader Bruno Iksil, nicknamed the London Whale, accumulated outsized CDS positions in the market. An estimated trading loss of $2 billion was announced. However, the loss amounted to more than $6 billion for JPMorgan Chase.
Why….when anyone disagrees with you or friends who think billions upon billions coming back you think they did not sign off…….for some we did….and….however we do not just hold old escrows we also own coop shares….and they look great at 80+ pps….some of us did not sell off when it fifty and claimed coop no longer matter….what have you posted has been right….jpm stole the bank…. Paid 1.89…..GSA and received 600+ million on top of 30 billion and 11 billion and threw away 11 billion to a bad whale investment..
playing the "piano between the crack in the keys" always results in cacophony.... yada, yada, yada, on and on with this stuff that has been adjudicated 11 years ago by the bankruptcy court.... Doreen Logan asserted in her e-mail to CWG that WMI paid out 6.9 billion dollars in claims from funds associated with the GSA, and the liquidation of 7 subs of WMMRC... the WMIL-T was not obligated for liabilities of other claims because that was not what it was intended for... the WMIL-T did not engage in business activities but was a Grantor pass thru vehicle to disburse money to legal claims held by equity holders...... YOU ARE NOT A SHAREHOLDER ANYMORE IN WAMU, WMIL-T, WMI......there is no responsibility for post chapter 11 payments to cancelled, and extinguished equity holders, and all rights to dividends upon the effective date of closure of the chapter 11 HAVE BEEN SUSPENDED!!!!!!!!!!!!!!!!!!!!!!...fishing in a lake with no fish will produce fish no matter how long you wait!!!!!!... its over, read page 96 of the amended POR 7 that I posted on the message board....Lodas
Split T, This is the Answer I Received.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174375835
The number I use for released UQ’s is 1.215 Billion common’s.
876M + ~900M(from Bonderman Preferreds) = 1.7 Billion commons before WMB seizure and WMI bankruptcy.
1.215/36 = .03375.
?
Ron
Also if you look at the number of your original WAMUQ commons, pre 2012 reorg, and multiply it by 0.03, you will get the number of your WMIH shares you got after reorg in 2012.
Some more were added from the disputed reserve, but that was a very small number.
So :
your original WAMUQ commons pre 2012 reorg * 0.03 = your WMIH shares ( converted from WAMUQ commons)
DCR - Pursuant to the Plan and the Trust Agreement, the Liquidating Trustee (A) treats the DCR as a “disputed ownership fund” governed by Treasury Regulation section 1.468B-9, and (B) to the extent permitted by applicable law, reports consistently with the foregoing for state and local income tax purposes. Accordingly, the DCR is a separate taxable entity for U.S. federal income tax purposes, and all distributions from such reserve are taxable to such reserve as if sold at fair market value. Any distributions from the DCR will be treated for U.S. federal income tax purposes as if received directly by the recipient from the Debtors on the original claim or equity interest of such recipient.
Page 5
https://www.sec.gov/Archives/edgar/data/1545078/000119312519092649/d658548d10k.htm
"Pursuant to the plan,the liquidating trust assets are treated, for U.S. Federal income tax purposes, as having been transferred directly to the holders of claims or equity interests in satisfaction of their claims or cancellation of their equity interests"
Page 4
https://s1.q4cdn.com/275823140/files/doc_downloads/irw/IRS_forms_8937/Mr.-Cooper-Group-WMI-Liquidating-Trust-Disputed-Equity-Escrow-distributions.pdf
The claims attributable to the funds and LTIs in the DCR are not a liability of the Trust
Assets of the DCR will be made available to the LTI holders in accordance with the Plan as and when disputed claims become disallowed. The claims attributable to the funds and LTIs in the DCR are not a liability of the Trust; therefore, no estimate has been made as to the amount of claims which will ultimately be allowed and the distributions which will go to disputed claimants as opposed to current LTI holders. Rather, the financial statements report the net assets being held specifically on behalf of the disputed claimants and the net asset value available to all LTI holders.
https://www.sec.gov/Archives/edgar/data/1545078/000119312519092649/d658548d10k.htm
So whose liability is equity claims/LTIs in DCR?.
Largegreen, it doesn't get any clearer to those that can actually read and understand English.
" Assuming Ban will pay to the Corporation, or the "Corporation will pay to the Assuming Ban, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of Ban Closing)"
What's the board consensus on voting our shares for the upcoming shareholder meeting? For or Against?
Are COOP BOD's in any way responsible for delay in payment for our escrow shares?
2221, I vaguely remember someone posting the .0414252 number and it's had to do with KKR's conversion as I recall. Maybe someone else can provide real documentation as to it's relevance in our situation.
Split T, here are the facts with the P&A
Split T, you said the following to poster, Pickstocks
As a matter of fact, JPM only made an initial down payment of $1,89 Billion. The hundreds of Billions of the balance is pending and waiting adjustments, including LIBOR, when the Receivers closes the Receivership. It makes no difference to me whether JPM pays me or the FDIC.
Because of Jessie Brays 63 Million golden parachute payout on a change of management I suspect his payout will be when JPM takes control in the near future.
I see from you previous post you dabbled in Fortress Stock, that certainly helps explains your position and negativity....Wow! No escrow shares. I would be jealous too.
Carry on with your nonsense as it mean nothing to me nor my friends.
____________________________________________
WaMu Purchase Assumption Agreement
WaMu Purchase Assumption Agreement-SOME NEED TO CONCENTRATE ON THE MEANING OF INITIAL PAYMENT
Maybe there should be further research by the ZERO MONIES RETURNING GROUP but first they need to understand what the term, "INITIAL PAYMENT" means
The end of the WaMu saga will NOT OFFICIALLY end UNTIL the "R" or Receivership has finally been resolved/terminated and closed with FDIC being released.
https://www.fdic.gov/foia/files/washington_mutual_p_and_a.pdf
***PDF Page 20***
ARTICLE VII
BID; INITIAL PAYMENT
$1,888,000,000.00 for the The Assuming Ban has submitted to the Receiver a positive bid of
Assets purchased and Liabilities Assumed hereunder (the "Bid Amount"). On the Payment Date, the Assuming Ban will pay to the Corporation, or the Corporation will pay to the Assuming Ban, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of Ban Closing) from and including the day following Ban Closing to and including the day preceding the Payment Date at the Settlement Interest Rate.
...
As a matter of fact, JPM only made an initial down payment of $1,89 Billion. The hundreds of Billions of the balance is pending and waiting adjustments, including LIBOR, when the Receivers closes the Receivership. It makes no difference to me whether JPM pays me or the FDIC.
Because of Jessie Brays 63 Million golden parachute payout on a change of management I suspect his payout will be when JPM takes control in the near future.
I see from you previous post you dabbled in Fortress Stock, that certainly helps explains your position and negativity....Wow! No escrow shares. I would be jealous too.
Carry on with your nonsense as it mean nothing to me nor my friends.
Would love to see that by beginning of next year.
JHD
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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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