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Mr. Cooper Group, Inc. (COOP)

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Last Post: 5/22/2019 5:43:27 AM - Followers: 1639 - Board type: Free - Posts Today: 6

 


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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: Current Report Filing (8-k) 05/17/2019 06:04:57 AM
COOP News: Statement of Changes in Beneficial Ownership (4) 05/16/2019 06:35:31 PM
COOP News: Statement of Changes in Beneficial Ownership (4) 05/16/2019 06:32:10 PM
COOP News: Securities Registration: Employee Benefit Plan (s-8) 05/16/2019 06:09:45 PM
COOP News: Statement of Changes in Beneficial Ownership (4) 05/13/2019 09:27:31 AM
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PostSubject
#551470  Sticky Note House of cards! Are the underwriters quadruple dipping? Dmdmd2020 12/18/18 09:53:56 AM
#575749   To be honest, Why even reply to such t1215s 05/22/19 05:43:27 AM
#575748   hotmeat, I do not think anybody is actually Large Green 05/22/19 05:36:10 AM
#575747   Being told by certain posters that "we're all hotmeat 05/22/19 05:14:42 AM
#575746   Thank you very much for your detailed answer. MaPi 05/22/19 05:05:44 AM
#575745   " people posting promises of distributions " wowalters 05/22/19 02:54:59 AM
#575743  Restored 99 cents2ks 05/21/19 11:55:53 PM
#575742   Escrows 100% dead? longhaulq 05/21/19 10:26:50 PM
#575740   Handle. Support and pop tzebedee 05/21/19 09:55:23 PM
#575739   They cannot take anything from her. Period tzebedee 05/21/19 09:47:58 PM
#575738   COOP Daily Chart Golden_Cross 05/21/19 09:31:06 PM
#575737   IF that Really Happens and the Corruption is stoxjock 05/21/19 09:28:27 PM
#575736   Yes just don't ask when and how much ????? Royal Dude 05/21/19 09:25:31 PM
#575735   Does this mean escrow will see $$$$$.....TIA onco 05/21/19 08:56:35 PM
#575732   Trying to make things stick where it concerns BBANBOB 05/21/19 08:47:23 PM
#575731   constant cross checks imo. Investor pool Proof of tzebedee 05/21/19 08:45:04 PM
#575730   Ron BBANBOB 05/21/19 08:42:34 PM
#575729   Right on Royal! Thanks for the great dd! tzebedee 05/21/19 08:41:37 PM
#575728   I wouldn't doubt a spike to get some tzebedee 05/21/19 08:39:41 PM
#575725   They'd have to announce more negative shit tzebedee 05/21/19 08:38:13 PM
#575723   There's nothing left to shake. The tree is tzebedee 05/21/19 08:35:56 PM
#575722   tze they all sleep together and they will Royal Dude 05/21/19 08:35:11 PM
#575721   I'd bet it's a coincidence. Same incident, tzebedee 05/21/19 08:30:11 PM
#575720   Royal Dude Member Level Tuesday, 05/21/19 08:11:44 PM Royal Dude 05/21/19 08:24:42 PM
#575719   Isn't it her right to do as she tzebedee 05/21/19 08:22:58 PM
#575717   "VI. CONCLUSION Royal Dude 05/21/19 07:58:22 PM
#575716   Hopefully that at least will cause some increase xoom 05/21/19 07:57:48 PM
#575715   Me too just trying to keep my eye Royal Dude 05/21/19 07:31:34 PM
#575712   I love u man BUT who gives a shi$????? whereRtheTRUST 05/21/19 06:57:50 PM
#575711   I’ve been told by someone VERY close to whereRtheTRUST 05/21/19 06:56:02 PM
#575709   Really, this is way out in left field. PickStocks 05/21/19 06:11:22 PM
#575708   Ok. It is what it is. PickStocks 05/21/19 06:09:38 PM
#575707  Restored She could lose her PQ Markers for appealing hotmeat 05/21/19 05:58:51 PM
#575701   Rosen said EOY first of next but I Royal Dude 05/21/19 05:12:59 PM
#575699   I would be more concerned on how they Royal Dude 05/21/19 05:05:08 PM
#575696   they had the same as we did $1,000 BBANBOB 05/21/19 04:59:49 PM
#575694   BB0b, Have You Read, ron_66271 05/21/19 04:50:55 PM
#575693   What is the face value of leh preferred Bill48 05/21/19 03:43:10 PM
#575692   they have a hearing on the 30th. you seamus3500 05/21/19 03:40:14 PM
#575691   Do not be down I found out where Royal Dude 05/21/19 03:25:06 PM
#575690   Nobody is going to write you a check, JB3136 05/21/19 03:01:19 PM
#575689   Coop The Nationstar Connection RMBS and our value Royal Dude 05/21/19 02:56:14 PM
#575688   Then write me a check that should just Royal Dude 05/21/19 02:26:23 PM
#575687   yup squeeze the blood out of the turnip. JB3136 05/21/19 02:02:16 PM
#575686   That's the point, there's $15-$20M in funds left hotmeat 05/21/19 02:00:22 PM
#575685   Wirecard and Fannie Mae maybe justnormal 05/21/19 01:51:17 PM
#575684   8.91 support this morning is now resistance. R JB3136 05/21/19 01:47:15 PM
#575683   " I have another iron or two in goodietime 05/21/19 01:42:22 PM
#575682   Yeah we need another.. jhdf51 05/21/19 01:37:42 PM
#575681   sound like failed scare tactics coming out from 2221 05/21/19 01:31:41 PM
#575679   as of 3/31 yes, the downgrade was timed JB3136 05/21/19 12:48:50 PM
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