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Mr. Cooper Group, Inc. (COOP)

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Last Post: 1/23/2019 11:17:14 AM - Followers: 1625 - Board type: Free - Posts Today: 24

 


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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.

 

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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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COOP News: Initial Statement of Beneficial Ownership (3) 01/10/2019 04:40:24 PM
COOP News: Mr. Cooper Group Names New Head of Investor Relations 01/08/2019 04:49:00 PM
COOP News: Mr. Cooper Group Announces $48 Billion Servicing Transaction 01/03/2019 04:15:00 PM
COOP News: Mr. Cooper Group Names New Chief Financial Officer 12/12/2018 04:30:00 PM
COOP News: Mr. Cooper Survey: Holidays Bring Spending Stress to Many Americans 12/06/2018 09:00:00 AM
PlusOneCoin Top Posts
#555387   74,000,000(depository shares) x $24 = 1.8 Billion oops Royal Dude 01/17/19 11:24:09 AM
#555384   Waiting a long time for this IMO Royal Dude 01/17/19 11:04:28 AM
PostSubject
#551470  Sticky Note House of cards! Are the underwriters quadruple dipping? Dmdmd2020 12/18/18 09:53:56 AM
#397110  Sticky Note WaMu Seesaws On M&A Speculation fsshon 03/24/14 04:17:07 PM
#556007   Tell that to the 234 Institutional holders who fwh3334zeke 01/23/19 11:38:23 AM
#556006   Poop that keeps on Giving & Giving off Emptyhead 01/23/19 11:17:14 AM
#556005   Dmdmd2020 Tuesday, 01/22/19 12:31:46 PM tony_t 01/23/19 11:09:31 AM
#556004   kate. Puzzling isn't it? goodietime 01/23/19 10:53:29 AM
#556003   Last 13F report 12/31/2018 ItsMyOption 01/23/19 10:37:21 AM
#556002   if we could look at a specific example jjflash49 01/23/19 10:34:24 AM
#556001   "Key Facts about the Acquisition Royal Dude 01/23/19 10:33:52 AM
#556000   COOP IS POOP! danti 01/23/19 10:12:41 AM
#555999   Open $14.31, now $14.26 ==========> real-time chart JusticeWillWin 01/23/19 09:40:45 AM
#555998   ~ Mr Gold, YES Filing # 12499' Lead AZCowboy 01/23/19 09:19:20 AM
#555997   The Trade Trigger was not "after-hours", I use Juschilln 01/23/19 08:41:11 AM
#555996   Aftee hours , bid / ask fluctuates. tzebedee 01/23/19 08:12:28 AM
#555995   CWG Redacted lol before they did it on deadmeat ;-) t1215s 01/23/19 08:12:24 AM
#555994   No replies from anyone. Surely I wasn't Juschilln 01/23/19 06:48:00 AM
#555993   Know what you own. So far, anything post PickStocks 01/23/19 05:11:38 AM
#555992   Yep, and rosencrap led them to the water. PickStocks 01/23/19 04:59:14 AM
#555991   So JPM first paid $1,88 billion for WMI,then katekir1234 01/23/19 02:45:45 AM
#555990   No sir, that’s categorically not true... EscrowDollars 01/23/19 02:01:28 AM
#555989   I actually did since many of the questions hotmeat 01/23/19 01:07:11 AM
#555988   Do you remember CBA09? READ HIS ANSWERS FROM Pegaso 01/23/19 12:59:52 AM
#555987   This is the response I received from Edgar hotmeat 01/23/19 12:55:16 AM
#555986   Our Escrow Markers are for share distributions while hotmeat 01/23/19 12:46:10 AM
#555985   Jus Any followup confirmation from anyone? dmceng 01/23/19 12:27:01 AM
#555983   “for the avoidance of doubt, shall be contributed Civil War General 01/22/19 10:47:27 PM
#555980   Just like when we entered this everyone was brokedaddy 01/22/19 09:20:21 PM
#555979   Hooray!! So I will get at least Juschilln 01/22/19 09:19:21 PM
#555978   I tried that 5 years ago, JG Wetworth brokedaddy 01/22/19 09:16:01 PM
#555977   I want my money and I want it NOW! Maniek 01/22/19 09:15:12 PM
#555976   I hope this is all wrapped up before JB3136 01/22/19 09:11:48 PM
#555975   Ha 2 more weeks...then 3?...March? April? jhdf51 01/22/19 09:08:18 PM
#555974   ~ Yep, So I Know, I’ve Been Right AZCowboy 01/22/19 09:01:10 PM
#555973   Know what you own and who has control Civil War General 01/22/19 08:42:26 PM
#555972   You’re welcome. MadBadger 01/22/19 08:36:20 PM
#555971   Couple more weeks JB3136 01/22/19 07:50:56 PM
#555969   "VBNR" Good one! goodietime 01/22/19 06:59:56 PM
#555968   and a Great Big Cache, ron_66271 01/22/19 06:50:14 PM
#555964   Boris, do you anticipate semi-annual escrows distributions? If austin01 01/22/19 06:12:50 PM
#555963   The next 2 weeks are crucial IMO. Boris the Spider 01/22/19 05:59:09 PM
#555962   Treble meaning 3 times something. I can remember zeus_0100 01/22/19 05:58:19 PM
#555961   Oh, yes, I do. Many thousands, and they zeus_0100 01/22/19 05:45:28 PM
#555960   AZ again thanks for all u do!! wamugold 01/22/19 05:35:12 PM
#555959   You don’t have any markers tony_t 01/22/19 05:34:19 PM
#555958   Thank you. goodietime 01/22/19 04:59:23 PM
#555957   Then why are the markers in my account, zeus_0100 01/22/19 04:44:15 PM
#555956   If this is in effect correct, they should Royal Dude 01/22/19 04:36:15 PM
#555953   ~ LOL’, Well ? Not For Everyone’ I AZCowboy 01/22/19 03:53:59 PM
#555952   Yes, The GSA is between WMI and the FDIC. ron_66271 01/22/19 03:50:33 PM
#555951   Your Quote: "the GSA is still between WMI hotmeat 01/22/19 03:47:07 PM
#555949   We dont have a single number about the Olti100 01/22/19 03:40:26 PM
#555948   Quote from bban; zeus_0100 01/22/19 03:36:46 PM
PostSubject