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Created: 11/07/2007 07:19:43 PM - Followers: 1711 - Board type: Free - Posts Today: 1

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.

 

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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.

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
 

 
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#632660
BOARD WARNING: IH Admin [Shelly] 09/04/2020 01:56:32 PM
#695785
It's always perhaps until it happens. Have you Bizreader 09/25/2022 12:13:39 AM
#695784
even if I wrote positive posts supporting your lodas 09/24/2022 09:34:23 PM
#695783
you confirmed what I said ....A-L= 16 lodas 09/24/2022 09:19:40 PM
#695782
Bbanbob, you posted the following. This is EXACTLY Large Green 09/24/2022 07:49:50 PM
#695781
disposed and wiped off,thanks for your help. newflow 09/24/2022 07:20:09 PM
#695780
Yes They are All Connected. ron_66271 09/24/2022 07:04:46 PM
#695779
Dead 185 years fking man talking from his RajuSondh 09/24/2022 06:54:42 PM
#695778
Perhaps for Lehman. goodietime 09/24/2022 06:48:57 PM
#695777
ron....is there a reason WMI filed for chapter lodas 09/24/2022 06:29:21 PM
#695776
That's a good one. This Wednesday then! Bizreader 09/24/2022 06:23:08 PM
#695775
Lehman is The Tell :-) StillHoping 09/24/2022 06:14:27 PM
#695774
BOOM !!!!!!!!!!!! dragoon76 09/24/2022 05:31:49 PM
#695773
this is where the ambiguity is about safe lodas 09/24/2022 05:22:35 PM
#695772
read WMIL-T frequently asked questions......in this report Rosen lodas 09/24/2022 05:11:51 PM
#695771
Lodas, care to define "WAMU" ? Half Split T 09/24/2022 02:55:46 PM
#695769
CLASS 19, AS CLOSE TO PROOF as we Large Green 09/24/2022 02:20:01 PM
#695768
And in Rosen's one little statement, all the nhtrader 09/24/2022 01:05:29 PM
#695767
SAME HERE BBANBOB 09/24/2022 01:01:11 PM
#695766
R D GO4AWILDRIDE 09/24/2022 12:17:49 PM
#695765
This will trigger the mergers of Coop Royal Dude 09/24/2022 12:07:50 PM
#695764
That’s right. From COOP is the tell now StillHoping 09/24/2022 11:37:02 AM
#695762
You mean MONEY LIKE THIS BBANBOB 09/24/2022 10:52:51 AM
#695761
Rosen said WAMU had no safe harbor assets BigBang 09/24/2022 10:31:39 AM
#695760
Wamu already received everything they will get from PickStocks 09/24/2022 10:15:29 AM
#695759
Yes they were deemed worthless and today they PickStocks 09/24/2022 10:13:40 AM
#695758
Now you are attaching escrows payout to Lehman…..really…… PickStocks 09/24/2022 10:11:54 AM
#695757
Sorry about your issue: Large Green 09/24/2022 09:30:12 AM
#695752
You know People Lie Right? There was nothing MadBadger 09/24/2022 07:13:27 AM
#695750
$0.00 PER COMMON rickstereo3333 09/24/2022 05:11:31 AM
#695748
B-U-L-L-S-H-I-T-E rickstereo3333 09/24/2022 04:01:25 AM
#695747
Best part is, even if any recovery is Sunnybank 09/23/2022 11:25:01 PM
#695746
lodas, lodas, lodas, come on, Rosen was working Nightdaytrader 09/23/2022 10:51:39 PM
#695745
WAMU securitized 2 trillion i RMBS?....there needs to lodas 09/23/2022 10:47:58 PM
#695744
Rosen said WAMU had no safe harbor assets lodas 09/23/2022 10:06:54 PM
#695743
According to the FDIC; ron_66271 09/23/2022 09:58:31 PM
#695742
many of you that are expecting more returns lodas 09/23/2022 09:51:50 PM
#695741
Did you hear maybe the EOY this year PickStocks 09/23/2022 08:43:18 PM
#695740
Price drop today was bank……. PickStocks 09/23/2022 08:42:16 PM
#695739
It is not a demand either..,. As if PickStocks 09/23/2022 08:20:53 PM
#695738
disposed and wiped off,thanks for your help. newflow 09/23/2022 08:12:16 PM
#695737
Resolve! This is all About Derivative Contracts Resolve. ron_66271 09/23/2022 08:10:23 PM
#695736
Yeah, just a few more months. Except, BigAW 09/23/2022 07:49:14 PM
#695735
THANKS LG...........whats a few more months......I've always said diamondguru-one 09/23/2022 07:39:59 PM
#695734
in the end, the only thing that matters lodas 09/23/2022 07:30:42 PM
#695733
what difference would it make? ckaufman2160 09/23/2022 07:08:55 PM
#695732
LOL jhdf51 09/23/2022 06:55:32 PM
#695730
LG IF IF IF THERE IS NOTHING ANYWHERE THAT BBANBOB 09/23/2022 06:34:12 PM
#695729
NOT NOT NOT IF AS YOU IMPLY, BBANBOB 09/23/2022 06:24:47 PM
#695728
YES... Live in TRUTH then you will have FAITH... wowalters 09/23/2022 06:07:52 PM
#695727
diamond, something to think about regarding timing. Keep Large Green 09/23/2022 06:05:42 PM
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