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Does not work for me either!
first off... I only get 3 posts per day because of some moderators deliberate intentions to get me banned from this board.... now , on to your question of why 4 members of the WMIL-T were represented by equity..... simply explained that 2 represented commons , and two represented the interests of preferred, so that no question of the division of 7 billion dollars went to the right classes who held valid claims.... why two from each from common and preferred?.. so that each oversaw each other for fraud that might occur....now you say that I have a weak and manipulated personality?....my posts are gathered from the official SEC documents... yours are speculative and want supportive answers, and which never rose to court approval... what does 4 members from equity serving on the WMIL-T have to do with the chapter 11 that is already closed?...do you suspect fraud was committed against you?... reopen the chapter 11 and sue Rosen and WMI...I could care less about your DD, because its meaningless now that the chapter 11 is closed... I ask you again: "do you believe Rosen, and WMI lied about Safe Harbor assets, or off balance sheet assets"?...this question is seminal to any further discussions from me in response to your questions...If you say they committed fraud, then we can discuss the topic further... if they DID NOT LIE, then all this conversation for all these years is moot....remember, I only get 3 posts per day, so if I dont answer you, you will know why, and that I am not evading you....
Cool! I noticed 711,084 at close.
JHD
There was a reason BSH liked OBMA, OBMA did nothing. So there were no investigations and no top layer arrests. The corrupt politicians are making rich super rich and they themselves are becoming rich, making poor more poor.
lota i conclude that you have a weak and manipulative personality.
SANITY CHECK
COURT ALLOWED 4 EC MEMBERS TO BE ON THE BOARD OF WMILT WHERE THERE IS NO MONEY FOR EQUITY?.
AND EC MEMBERS CONTINUED THRU JAN 2020, UNTIL TRUST MODIFIED ITS AGREEMENT WITH PARTIES THERE TO WHILE TAB MEMBERS WERE EXITING?.
UNDER WRITERS WERE OK WITH CLASS 19 WHILE THEY HAD THE RIGHTS IN A HIGHER CLASS 18?.
distr.
“My Prediction has not changed in the past several years. Naysayers want to discredit me with setting up the wrong dates . That will not stop the inevitable., whatever the Date.
Cash payment first for P' and Qs : April 26th dd = GS sec filing
As of December 31, 2020, we have 29,999,400 depositary shares, each representing a 1/1,000th ownership interest in a share of our Series A Preferred Stock, with an aggregate liquidation preference of $749,985,000, 8,000,000 depositary shares, each representing a 1/1,000th ownership interest in a share of our Series C Preferred Stock, with an aggregate liquidation preference of $200,000,000, 53,999,000 depositary shares, each representing a 1/1,000th ownership interest in a share of our Series D Preferred Stock, with an aggregate liquidation preference of $1,349,975,000, 7,667 shares of our Series E Preferred Stock, with an aggregate liquidation preference of $766,748,000, 1,615 shares of our Series F Preferred Stock, with an aggregate liquidation preference of $161,504,000, 40,000,000 depositary shares, each representing a 1/1,000th ownership interest in a share of our Series J Preferred Stock, with an aggregate liquidation preference of $1,000,000,000, 28,000,000 depositary shares, each representing a 1/1,000th ownership interest in a share of our Series K Preferred Stock, with an aggregate liquidation preference of $700,000,000, 2,000,000 depositary shares, each representing a 1/25th ownership interest in a share of our Series M Preferred Stock, with an aggregate liquidation preference of $2,000,000,000, 27,000,000 depositary shares, each representing a 1/1,000th ownership interest in a share of our Series N Preferred Stock, with an aggregate liquidation preference of $675,000,000, 650,000 depositary shares, each representing a 1/25th ownership interest in a share of our Series O Preferred Stock, with an aggregate liquidation preference of $650,000,000, 1,500,000 depositary shares, each representing a 1/25th ownership interest in a share of our Series P Preferred Stock, with an aggregate liquidation preference of $1,500,000,000, 500,000 depositary shares, each representing a 1/25th ownership interest in a share of our Series Q Preferred Stock, with an aggregate liquidation preference of $500,000,000, 600,000 depositary shares, each representing 1/25th ownership interest in a share of our Series R Preferred Stock, with an aggregate liquidation preference of $600,000,000, issued and outstanding, and 350,000 depositary shares, each representing 1/25th ownership interest in a share of our Series S Preferred Stock, with an aggregate liquidation preference of $350,000,000. On February 5, 2021 we redeemed all outstanding shares of our Series M Preferred Stock.
The Series A Preferred Stock, Series C Preferred Stock, Series D Preferred Stock, Series E Preferred Stock, Series F Preferred Stock, Series J Preferred Stock, Series K Preferred Stock, Series N Preferred Stock, Series O Preferred Stock, Series P Preferred Stock, Series Q Preferred Stock, Series R Preferred Stock and Series S Preferred Stock rank equally with the Series T Preferred Stock as to dividends and distributions on liquidation and include the same provisions with respect to restrictions on declaration and payment of dividends and voting rights as apply to the Series T Preferred Stock.
Holders of Series A Preferred Stock are entitled to receive quarterly dividends when, as and if declared by our board of directors (or a duly authorized committee of the board), at a rate per annum equal to the greater of (1) 0.75% above LIBOR on the related LIBOR determination date and (2) 3.75%. Holders of Series C Preferred Stock are entitled to receive quarterly dividends when, as and if declared by our board of directors (or a duly authorized committee of the board), at a rate per annum equal to the greater of (1) 0.75% above LIBOR on the related LIBOR determination date and (2)
S-15
https://www.sec.gov/.../000119312521.../d275909d424b2.htm...
https://www.sec.gov/.../000119312521.../d142285d424b2.htm...
(1)
The initial public offering price set forth above does not include accrued dividends, if any, that may be declared. Dividends, if declared, will accrue from the date of original issuance, expected to be April 26, 2021.
(2)
An underwriting discount of $10.00 per depositary share (or up to $6,750,000.00 for all depositary shares) will be deducted from the proceeds paid to us by the underwriters.
The underwriters expect to deliver the depositary shares in book-entry form only, through the facilities of The Depository Trust Company, against payment on or about April 26, 2021.
Stock Issue for COOP April 29th
COOP Conference call and discussion of 1st Quarter
DALLAS--(BUSINESS WIRE)--Mr. Cooper Group Inc. (NASDAQ: COOP) will discuss its financial results for the first quarter 2021 on Thursday, April 29, 2021 at 10:00 A.M. Eastern Time
https://www.businesswire.com/.../Mr.-Cooper-Group-Inc.-to...
SEC.GOV
424B2
RD -
Your link's not working for me...
https://www.sec.gov/.../00011931252406.../d745782dfwp
Permission denied
Lota why there 4 EC members on TAB of WMILT thru Jan 2020 and why were two insiders were appointed as administrators, why did Kosturos go?.
Why RALTA is a non public document?.
Why did Mr.Nelson wanted control of WMILT after the claims were paid?.
Why did THJMW signed a document which stated equity was a beneficiary of WMILT?.
Why did they file form 8937 and mentioned that equity received LTIs in exchange of its cancelled shares?.
Got it?. Use common sense if you can, otherwise agree that you lack one.
https://www.tastylive.com/concepts-strategies/triple-witching
2024 Triple Witching Dates :
March 2024: The third Friday is March 15.
June 2024: The third Friday is June 21.
September 2024: The third Friday is September 20.
December 2024: The third Friday is December 20.
serafino1 , AZ may have a different answer to your question = , "what can you say about the 1.2m shares last night? 18.01pm?"
Friday was Option expiration date always 3rd Friday of month where after hour volume is high caused by the rebalancing of expired or assigned
PUTS and CALLS. So you will always see a high volume on 3rd Friday of each month. IMO
In all of the confusion do not miss this post . This alone will take care of P's and then some. 1000 shares at 10,000 per share.= 10 m
We are offering 2,500,000 depositary shares, each representing a one-tenth interest in a share of our perpetual 6.875% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series NN, $1 par value, with a liquidation preference of $10,000 per share (equivalent to $1,000 per depositary share) (the “Preferred Stock”). Each depositary share entitles the holder, through the depositary, to a proportional fractional interest in all rights, powers and preferences of the Preferred Stock represented by the depositary share.
We will pay dividends on the Preferred Stock, when, as, and if declared by our board of directors or a duly authorized committee of our board, quarterly in arrears, on March 1, June 1, September 1 and December 1 of each year, beginning on June 1, 2024. From the original issue date to, but excluding, June 1, 2029, we will pay dividends when, as, and if declared by our board or such committee at a rate of 6.875% per annum, beginning on June 1, 2024. From and including June 1, 2029, for each reset period (as described in this prospectus supplement), we will pay dividends when, as, and if declared by our board or such committee at a rate equal to a five-year treasury rate (as described in this prospectus supplement) as of the most recent reset dividend determination date (as described in this prospectus supplement) plus a spread of 2.737% per annum, beginning on September 1, 2029. Dividends on the Preferred Stock will not be cumulative. Upon the payment of any dividends on the Preferred Stock, holders of depositary shares will receive a related proportionate payment.
We may redeem the Preferred Stock on any dividend payment date on or after June 1, 2029, in whole at any time or from time to time in part, at a redemption price equal to $10,000 per share (equivalent to $1,000 per depositary share), plus any declared and unpaid dividends, without accumulation of any undeclared dividends. We may also redeem the Preferred Stock after a capital treatment event (as described in this prospectus supplement), subject to regulatory approval. If we redeem any Preferred Stock, the depositary will redeem the related depositary shares.
https://www.sec.gov/.../00011931252406.../d745782dfwp.
Not sure how, as $27 wouldn't even put a bra on it anymore, MAYBE PANTIES
I don't sell anything naked I always put clothes on.
Probably NOT NAKED selling, but JUST SELLING in anticipation of a share issuance that has LONG BEEN SUGGESTED HERE
All imho
Hi AZCOWBOY, what can you say about the 1.2m shares last night? 18.01pm?
Your opinion as the price was pushed down. Naked selling? hard to believe, otherwise the price would be even lower
thanks
XXXX
~ Yeppers', Regarding this WMI, to Investment WMIH' ? (with now acquired sub, COOP), "SEEKING" The TRUTH and REALITY Are Always DOMINANT' in ol' cactus world ... Period ... ~
... the coffffeeee'-cup 2019 attempt to disrupt plan 7' ... FAILED ... thankfully'
... the WMI 2012's Court Approved P-7's wmi-lt ... and within its defined, specific ordered liquidating trust (wmi-lt) ... IS CLOSED NOW, after completing its Court Ordered Functions' ...
... the Reorganizations WMI Jan 2012' and the Feb 2012' ... submitted 2012's monthly operating reports are being Mis-Understood and Mis-Read ... Profit / (Loss) ... actually, the Jan MOR shows exactly where those $20 billion ish financial considerations, were applicable to ... the ENTIRE Document Needs To Be Read ... and NOT on a phone' ...
... YES, years ago, I taught and showed ron the supporting and cusip segregated ABS Cert Trusts and how they functioned, and the privately held commercial lines trusts' ... privately ... he' broke the trust' (pun intended) ... and now without a CT position, but needing message board interaction on the CT's ... SAD SAD SAD ...
... YES, greennnie asked me to come here for, and to assist the "People" ... however, my agreement DID NOT included stepping into any type of a group following' ... or, any simple belief that ol' cactus COULD NOT Verify Documented Information and be in disagreement ! ! ! ...
sometimes people are simply wrong', and then sometimes there are people that simply are not able to accept that' ... they are wrong' ...
No Arguments or Debates, ... the WMIH 10-K Documents Speak For Themselves' ... things began to "boogie" in 2015' ...
AZ
Funny how everyone else ends up being an idiot , EXCEPT YOU aint it
IT might just end up being a long fall from that PEDESTAL you have put yourself on.
~ Thanks, (AZ), Ol' Cactus Is Just Fine' "WMIH" with its 2018 Acquired Sub group (nationstar etc) "COOP" Is also Fine ! ! ... COOP's Share Platform Re-Set Is Coming ~
... ol cactus has already come to opinions / conclusions / and is now simply waiting for the actional events that COOP will activate' ...
over the last week ish, ol cactus hasn't seen anything interesting is all ... only the continuation of the debates and arguments between unstudied and document revealed reality ... plus, the incorrect presentations ...
... If' ? ... anyone (invested) is truly interested ? ... prior to blindly following, just request for your own review, TWO links from the constant drone of INCORRECT mb' poop ... the 2012's WMI Reorganizational Jan MOR, Plus the Misread and Mis Understood WMI 2012's Feb MOR' ... a return review of those documents easily DEBUNK the "pipe dream" of $20 Billion ish in Retained Earnings being held for a 75/25 distribution ... That ? Is NOT Going To Happen' ...
... If' ? ... anyone is (invested) truly interested ? ... prior to blindly following, just request for your own review, ... HOW the Reorganized WMI Plan 7' Court Approved, NOW CLOSED Liquidation Trust Is In A Position To Return ANY ... "beneficial Interest" ... again, at the ridiculous considerations of a 75/25 sharing' IS AT ALL POSSIBLE ? ? ? ... That ? Is NOT Going To Happen' ...
... and the Corporate Actions have significantly moved forward beyond the drone of the 2013' 10-K ... oh my' ... SMH ... k' ? ?
... BONDS (p's and k's) ARE NOT THE SAME AS A COMMON SHARE ... COOP is all commons on purpose' ... 2012's Released and REGISTERED WMI Common Shares (wamuq's) Are Important' ...
=================================================================
... the WMB Notes / Euro Bonds, ... with proper cusip assignments are functioning properly
... the sequencing and the following of the 2012 WMIHC to the 2015 WMIH ... SEC filed 10-K's show EXACTLY What Was Done, HOW it Was Done and WHO Didi It ... and as a sub note, (nationstar, the loan servicer, WAS ACQUIRED ON PURPOSE, just sayin')
... life moves forward for ol' cactus ... ol' cactus doesn't have any questions, especially most of the mb'rs that DO NOT CONSIDER ACTUAL THE FILINGS' LOL or the one with a goal of merely being popular (emoji guy' goal) here' and on the CT's Without a position or CT ownership ... LOL ... and ... ol' cactus makes sure that the brokers used, know EXACTLY WMO He Is ...
... and' ... everyone Should Understand that after 2019's Failed attempt to disrupt the Plan' ?, ... that "trash" talkin' trash some 36,000 plus ? ... is simply a joke' ...
"Abba Da Ayy" ... people ...
just sayin'
AZ
I hadn't thought about protecting themselves but yeah that's very funny what you said about constant posting about women's stuff cuz cuz yes
💥💥💥>700k BUY at the close!!!
Good morning people, Vodka I believe ur under a misconception on why I brought up the gold prices in the first place, here was my reasons for doing so below in short ,it was not to praise the price, but a warning EOS.
https://www.google.com/search?q=when+gold+goes+up+the+us+dollar&sca_esv=3d2729c58a978d77&sca_upv=1&rlz=1C9BKJA_enUS854US854&hl=en-US&sxsrf=ADLYWIJcw6X4W6wqwNCwCsVFMYjAZgIwwA%3A1726914953455&ei=iaHuZoW4G6n_ptQPx8O4
Have a great weekend people
GLTA-Ts
march 2012 WMI emerged from chapter 11... so whats your point?.....why do you pester me with your dumpster bin findings?...none of your findings ever reached the approval of the court...why not be pro active and file a lawsuit to substantiate your assertions that Rosen and WMI lied in court?.....I cannot help you with your suppositions of why this or that cannot jibe with your understanding of these documents... the court signed the documents , not me... I just read them with dispassion as they were written... now answer my question.... do you believe Rosen and WMI lied in court about hidden assets??...this question is the basics of any returning recovery for you... whatever your answer you give to this question demands action from you.. a yes means you must hire a lawyer and sue WMI in court.... a no answer means that you wasted many years in pursuit of something that did not exist... your life, your choice... what is your answer?....
lota Chapter 11 was not closed 12 years ago.
https://www.prnewswire.com/news-releases/wmi-liquidating-trust-to-initiate-final-distribution-and-wind-down-of-operations-300984639.html
Rosen made that statement of No safe Harbor assets in 2012, not 2018.....WMI said in 2012 that All assets of WMI were submitted to the court, both reportable, and those NOT REQUIRED TO BE REPORTED!!!!.....Why did WMI have to report all assets to the court?....the judge , after mediation hearings where the SNL's were caught with colorable insider. trading, asked for a "cure" for the remedy... WMI agreed to liquidate 7 Trusts which held reinsurance assets.plus the assets of WMIIC to VALUE THE 200 MILLION SHARES that were created for former shareholders to BE INCLUDED IN THE CHAPTER 11 SETTLEMENT!!!!!!!!! former WAMU shareholders "were the beneficiary of the 7 trusts, plus WMIIC which was liquidated...the trusts were converted to 200 million shares and given to former equity in the ratio of 25/75% common and preferred in return for their releases...the only Trust remaining is WMMRC which held the residual assets of 34 million dollars according to the 2013 WMIH 10-K....now, your questions are speculations, suppositions, and have never been taken up by the courts... again, I ask you the seminal question of assets:...was WMI lying in court about the statement that "all assets were submitted to the court"?... if the question is no, then all posts for the last 12 years were a waste of time... who do you believe?... WMI, or members on this message board extolling that WMI held billions in Safe Harbor, and off balance sheet assets?????.....
Royal Dude
Re: Royal Dude post# 734368
Thursday, September 19, 2024 4:27:27 PM
Post# of 734369 Go
PRESS RELEASE | SEPTEMBER 5, 2024
FDIC-INSURED INSTITUTIONS REPORTED NET INCOME OF $71.5 BILLION
Net Income Increased From the Prior Quarter, Driven By Lower Noninterest Expense and One-Time Gains
Community Bank Net Income Increased Quarter Over Quarter
The Net Interest Margin Declined Slightly, Driven by the Largest Banks
Domestic Deposits Decreased From the Prior Quarter
Asset Quality Metrics Remained Generally Favorable, Though Charge-Offs Increased
Loan Balances Increased Modestly From the Prior Quarter and a Year Ago
The Deposit Insurance Fund Reserve Ratio Increased Four Basis Points to 1.21 Percent
Quarterly Banking Profile - Quarterly Net Income“The banking industry continued to show resilience in the second quarter. Net income increased and asset quality metrics remained generally favorable. However, the banking industry still faces significant downside risks from uncertainty in the economic outlook, market interest rates, and geopolitical events. In addition, weakness in certain loan portfolios, particularly office properties, credit cards, and multifamily loans, continues to warrant monitoring.”— FDIC Chairman Martin J. Gruenberg______________________________________________________________WASHINGTON— Reports from 4,539 commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation (FDIC) reported aggregate net income of $71.5 billion in second quarter 2024, an increase of $7.3 billion (11.4 percent) from the prior quarter. A decline in noninterest expense and one-time gains on equity security transactions contributed to the quarterly increase. These and other financial results for second quarter 2024 are included in the FDIC’s latest Quarterly Banking Profile released today.
The Industry’s Net Income Increased From the Prior Quarter, Driven By Lower Noninterest Expense and One-Time Gains: Second quarter net income for the 4,539 FDIC-insured commercial banks and savings institutions increased $7.3 billion (11.4 percent) from the prior quarter to $71.5 billion. A decline in noninterest expense (down $3.6 billion, or 2.4 percent) along with higher noninterest income (up $1.2 billion, or 1.5 percent) and higher gains on the sale of securities (up $937 million) were the primary factors driving the increase in net income. Higher provision expenses offset some of the increase in net income.
The quarterly increase in net income was largely driven by nonrecurring items including an estimated $4 billion reduction in reported expense related to the FDIC special assessment, approximately $10 billion in gains on equity security transactions by large banks, and the sale of an institution’s insurance division that resulted in an after-tax $4.9 billion gain.[1] These increases were partially offset by several large banks selling bond portfolios at a loss and a $2.7 billion increase in provision expense.
The banking industry reported an aggregate return-on-assets ratio (ROA) of 1.20 percent in second quarter 2024, up 12 basis points from first quarter 2024 but down one basis point from first quarter 2023.
Community Bank Net Income Increased Quarter Over Quarter: Quarterly net income for the 4,104 community banks insured by the FDIC was $6.4 billion in the second quarter, an increase of $72.6 million (1.1 percent) from first quarter 2024. Higher net interest income (up $546.4 million, or 2.7 percent) and higher noninterest income (up $253.9 million, or 5.0 percent) more than offset higher noninterest expense (up $365.7 million, or 2.1 percent) and higher provision expenses (up $140.5 million, or 18.2 percent). The community bank pretax ROA increased one basis point from last quarter to 1.14 percent.
The Net Interest Margin Declined Slightly, Driven by the Largest Banks: The industry’s net interest margin (NIM) declined one basis point to 3.16 percent in the second quarter as the growth in funding costs slightly exceeded the growth in earning-asset yields. The industry’s second quarter NIM was nine basis points below the pre-pandemic average NIM after falling below that level last quarter.[2] The NIM increased quarter over quarter for all size groups except for the largest banks, those with assets over $250 billion, who in aggregate reported a four basis-point decline in the NIM. The community bank NIM of 3.30 percent increased seven basis points quarter over quarter, reversing a five-quarter declining trend, but was still 33 basis points lower than the pre-pandemic average.
Asset Quality Metrics Remained Generally Favorable, Though Charge-Offs Increased: Noncurrent loans, or loans that are 90 days or more past due or in nonaccrual status, remained unchanged from the prior quarter at 0.91 percent of total loans and well below the pre-pandemic average of 1.28 percent. Despite the stability in overall noncurrent loans, the noncurrent rate for non-owner occupied commercial real estate loans of 1.77 percent was at its highest level since third quarter 2013, driven by office portfolios at the largest banks. However, these banks tend to have lower concentrations of such loans in relation to total assets and capital than smaller institutions, mitigating the overall risk.
The industry’s net charge-off rate increased three basis points to 0.68 percent from the prior quarter and was 20 basis points higher than the year-ago quarter. This ratio was also 20 basis points above the pre-pandemic average and remained the highest quarterly rate reported by the industry since second quarter 2013. The credit card net charge-off rate was 4.82 percent in the second quarter, up 13 basis points quarter over quarter and the highest rate reported since third quarter 2011.
Loan Balances Increased Modestly From the Prior Quarter and a Year Ago: Total loan and lease balances increased $125.8 billion (1.0 percent) from the previous quarter. The increase was driven by higher loans to nondepository financial institutions (NDFIs) (up $76.0 billion, or 9.6 percent) and consumer loans (up $25.8 billion, or 1.2 percent). Much of the growth in NDFI lending appears to be due to reclassification from other existing loan categories. The majority of banks (75.1 percent) reported quarterly loan growth, and all major loan categories except construction and development loans showed quarter-over-quarter growth.
Total loan and lease balances increased by $244.5 billion (2.0 percent) from the prior year. The annual increase was also led by loans to NDFIs (up $77.5 billion, or 9.8 percent), likely due to reclassifications in the second quarter, as well as credit card loans (up $77.0 billion, or 7.5 percent) and adjustable rate 1-4 family residential mortgage loans (up $69.3 billion, or 7.5 percent). A large majority of banks (82.9 percent) reported annual loan growth.
Community banks reported a 1.7 percent increase in loan and lease balances from the previous quarter and a 6.3 percent increase from the prior year. Growth in nonfarm, nonresidential CRE loans and 1-4 family residential mortgage loans drove both the quarterly and annual increases in loan and lease balances. Loan growth was broad based across community banks with over three quarters of such banks reporting higher loan balances from the prior quarter.
Domestic Deposits Decreased From the Prior Quarter: Domestic deposits decreased $197.7 billion (1.1 percent) from first quarter 2024, well below the pre-pandemic average second-quarter growth of 0.2 percent. Both savings and transaction deposits declined from the prior quarter, with growth in small time deposits partially offsetting the declines. Brokered deposits decreased for the second straight quarter, down $10.1 billion (0.8 percent) from the prior quarter. Banks with over $250 billion in assets drove the quarterly decline in deposits.
Estimated insured deposits decreased $96.0 billion (0.9 percent) and estimated uninsured domestic deposits decreased $50.4 billion (0.7 percent) during the quarter. Banks with assets greater than $250 billion reported lower uninsured deposits in the second quarter, while banks with assets less than $250 billion reported higher uninsured deposit levels.
The Deposit Insurance Fund Reserve Ratio Increased Four Basis Points to 1.21 Percent: In the second quarter, the Deposit Insurance Fund (DIF) balance increased $3.9 billion to $129.2 billion. The reserve ratio increased four basis points during the quarter to 1.21 percent.
The Total Number of Insured Institutions Declined: The total number of FDIC-insured institutions declined by 29 during the quarter to 4,539. Three banks were sold to credit unions and 26 institutions merged with other banks during the quarter. One bank failed in the second quarter but did not file a call report in the first quarter, and no banks opened.
# # #
ATTACHMENTS:
Quarterly Banking Profile Home Page (includes previous reports and press conference webcast videos)
Charts and Data
Chairman Gruenberg’s Press Statement
MEDIA CONTACT:
Julianne Breitbeil
202-340-2043
JBreitbeil@FDIC.gov
FDIC: PR-76-2024
Court knows everything, equity ownership was evidenced by recording shareholders info and number of shares they held in a book-entry form. Using that they must have already transferred those interests as in 2018 10K.
Subject to certain limited exceptions, the Liquidating Trust Interests are not transferable or assignable.
LTIs are not transferable or assignable except by will, intestate succession or operation of law. Accordingly, there is no liquid trading market in the LTIs. Under certain circumstances, transfers of LTIs have been permitted upon the winding up or dissolution of vehicles that previously held LTIs on behalf of such vehicles or the beneficiaries thereof. There can be no assurance that the Trust will consent to any such transfers in the future.
https://www.sec.gov/Archives/edgar/data/1545078/000119312519092649/d658548d10k.htm
If they transferred those assets in 2018 or 2019, yes Rosen could say that there is no assets and no equity from WMILT. He can't say that some other entity will distribute.
answer my questions first, then I will answer yours..... do you believe Rosen was lying to the court about Safe Harbor assets being non existent?....If you believe that he was lying, then it is your task to prove him wrong in court for FRAUD.....I will entertain your questions if you can prove both WMI, and Rosen was lying in court to the judge, or the judge acquiesced to this lie....dont answer a question with a question.... mine is seminal to all discussions of returning assets.... so , did Rosen and WMI lie in court?..... Lodas
Lotas why there 4 EC members on TAB of WMILT thru Jan 2020 and why were two insiders were appointed as administrators, why did Kosturos go?.
Why RALTA is a non public document?.
Why did Mr.Nelson wanted control of WMILT after the claims were paid?.
Why did THJMW signed a document which stated equity was a beneficiary of WMILT?.
Why did they file form 8937 and mentioned that equity received LTIs in exchange of its cancelled shares?.
Got it?. Use common sense if you can, otherwise agree that you lack one.
@ newflow.......WMI makes the official statement, and on record that..... "all assets, both reportable, and those NOT REQUIRED TO BE REPORTED were disclosed to the bankruptcy court by WMIL-T, as successor to WMI.......what is your opinion of that statement by WMI?.....
(1) do you believe it was a clerical mistake and WMI did not mean to state this?
(2) do you believe that WMI meant to imply that only those assets needed to settle creditor claims were included, and the rest of the assets were withheld from the court to be distributed to classes 19, and 22 at a later time after the chapter 11 closed?
(3) do you believe that Rosen lied to the judge when he said WMI held no Safe Harbor assets, and that they were all sold off to GSE's....this question is seminal to all discussions of the message board for 12 years now, and it must be answered, and settled for any further discussions of money coming back..
what is your opinion of the above statements, and what are you prepared to do if any one of them is rejected by you?...........
https://seekingalpha.com/article/4720233-jpmorgan-chase-and-co-jpm-barclays-global-financial-services-conference-2024-transcript#hasComeFromMpArticle=true
JPM way of keeping it sticky. Look at the 92B net From First Republic
Royal
Maybe so, and now ihub's count has also caught up.
Damn, the games that go on with this...
Anyone has any idea what happened to AZ. Haven't heard from him for 10 days. Ther goes soon.
My platform shows 1,260,125 traded.
....maybe its COOP buying stock?
That can't be right, just looked at after-hours.
But what is up with those slew of 16:00:01 trades?
Wow over a million shares traded today!
Semper Fi
It's cheap to renew these Domain names. They probably just want to make sure that the website isn't taken and used against them for several years.
(I mean there are some crazy people hanging out on Online Chat Groups and posting all kinds of crap every second of the day about WAMU..........Haha.)
"I've seen you over the past year pushing crypto, obviously you're excited over it. "
- I seek never to "push", only to inform. And I'm not "excited" over it, I just see from watching and studying since 2017 that it is inevitable.
"it's (gold) NOT supposed to be an investment, but rather insurance"
- Excellent point, because that it is, but many see it as an investment. Good on you for eyeing the difference.
"gold and silver have been valued for 5000 years"
- Yes, and the vast majority of that time was vastly less technological than today is. Once we went to cars, we'll never go back to horse and buggy. Once we went to internet, we'll never go back to no internet. And now that we can something with many of the good qualities of gold without the hinderances of gold, we will not go back. The move toward digitization of all assets is happening at full speed as we speak, I promise you that. See what Chainlink is doing.
"with ledgers everywhere and in everyone's hands, it (Bitcoin) cannot be manipulated?"
- There is some concern that in 10-20 years, quantum computing could be a threat, but estimates for Bitcoin price at that time are in the multiple millions, and one would be wise to redistribute their profits before that.
"why is it that Bitcoin is also displayed visually as a shiny gold coin?"
- Because we humans are simple creatures with primitive minds and can't fully grasp value that doesn't look at all like value we're already familiar with. So people make pictures newbies can relate to because explaining blockchain ledgers is not going to stick for most.
"I don't even really trust my BANK to be there if worse comes to worse"
- Very wise, and no one should.
"My COOP stock sits in Charles Schwab, and I feel the risk is low, but what if Schwab folded unexpectedly?"
- Excellent point. Schwab is your 3rd party custodian you must have faith in, and in that you've just pitched Bitcoin. Bitcoin can be owned and transferred to the other side of the planet for next to free, nearly instantaneously, and can be done without the need for a 3rd party.
"And Blackrock? Excuse me, for feeling less than warm about them"
- Well duh lol. Of course not, they're the devil. That's irrelevant. They have power, control, and influence over the world's financial culture, and THAT is the point. They will always win. I'm not advising you love them, but it's wise to follow what they're doing.
"spread your risk around"
- 100% agreed
----------------------------------
Thanks for your thoughts.
If they didn't renew it that would be a bummer. So I'm kind of curious what they're going to use the domain name for in the long run.
Its very very significant for me.
Bit (binary digit) is a on and off switch - it can be turned off anytime. No one would ever know where it went. Ask any software person. Can I create a virus that would go dominate internet and start to delete all bit related information? LOL.. Picture Cyberdyne Systems going around deleting all related information.. Very simple in my opinion
Well sure, let's discuss this.
Yes, the USD is on a path to collapse. I guess it's time to pick your poison. I've seen you over the past year pushing crypto, obviously you're excited over it. I too, held both Bitcoin and Bitcoin Cash, making a profit on it back in 2021 (the tax reporting was annoying) when I got out.
Gold has now outperformed the S&P for the past 20 years, Go look it up. But it's NOT supposed to be an investment, but rather insurance. Is there a place for the 100x Apple? Of course. Or the Nvidia, well yes, there are a lot of stocks I wish I had invested in years ago, but that hadn't been on my radar.
You mention the only reason people value gold is because it's "(supposedly) scarce", ignoring the fact both gold and silver have been valued for 5000 years, without pointing out a very real modern industrial need for especially silver and new technologies. Ask yourself why central banks have been stockpiling gold? Then you point out the 21 million limitation on Bitcoin (yes, I understand block technology, been a senior analyst and developer for almost 30 years now and it does have it's purposes), without also admitting that even with ledgers everywhere and in everyone's hands, it cannot be manipulated? Do you really believe that? You believe it has value, because it cannot be tampered with. but IT'S track record barely dents 20 years? And why is it that Bitcoin is also displayed visually as a shiny gold coin? Because people value that! Now, people who have invested in precious metal ETF's have lost their investment when a shady firm folded (Oxford Gold anyone?), rather than holding it IN their custody with no counter-party risk. Pointing to your digits on a screen is nice, but when that moment no one expected arrives, you believe it will still be there? Hell Vod, I don't even really trust my BANK to be there if worse comes to worse. My COOP stock sits in Charles Schwab, and I feel the risk is low, but what if Schwab folded unexpectedly? Yes, your stock is insured, but get in line waiting to be reimbursed and after watching the WaMu debacle for almost 18 years, let's just say my confidence isn't extremely high.
And Blackrock? Excuse me, for feeling less than warm about them.
The best I can say, is spread your risk around. That probably means hard assets (real estate, etc), stocks, bonds, precious metals, crypto, cash. Because no one really knows where the next blow is coming from, no matter how much people want to claim otherwise.
Hello Wodka,
by golly, I am glad to read and see that not only in small circles there are people who know how to think and combine some facts of high finance.
I cannot deny that I thought I could read such a conversation even here in this room.
I am pleased.
XXXX
I'm showing a gap around $90. I hope they just get it filled soon and move on up from there. Getting old waiting for this to hit $100. eom jj
I see a lot of people excited about the recent performance of Gold. Well I'm not here to pour cold water on anyone's investment, but I think it's good to look at everything in perspective. In the last 30 years this is how these assets have increased in price:
Gold: 5X
Exxon: 10X
Microsoft: 20X
Apple: 100X
And interestingly if you just look at the last ten years, the best overall investment has been (drum roll please)........
BITCOIN!
Yes, you read that correctly.
Over the past year, the two best stocks have been Nvidia and Microstrategy. Microstrategy is no surprise as it's basically a bet on Bitcoin as Michael Saylor has made MSTR predominantly a Bitcoin development company, and MSTR trades at a premium to Bitcoin.
Regarding gold, one should keep in mind that the only reason we value it is because it's (supposedly) scarce. However it's generally understood that the amount we've mined is just 1% of what's mineable in the land and sea. Think about it- If the price of gold goes up enough, they'll just start new gold mines and ramp up operations at existing mines, thereby increasing supply and thus bringing cost back down.
Bitcoin on the other hand is cryptographically limited to 21 million. By "cryptographically", what that means is that in order to produce more than 21 million, you would need to change how math itself works, for example you would need the power to make it so that 1+1 no longer equaled 2. In other words, 21 million is the hard cap limit.
Blackrock is investing in Bitcoin because it sees the USD collapsing as our government's 35 Trillion dollar debt is realistically not payable and default is just a matter of time.
Have a great day folks!
Vodka-
$3K by end of this year - and by 2030 5K+.
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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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