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Mr. Cooper Group, Inc. (COOP)

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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: Mr. Cooper Group Reports Third Quarter 2018 Financial Results & Signed Agreement for Strategic Acquisition of Originator with... 11/08/2018 07:00:00 AM
COOP News: Mr. Cooper Group Inc. to Discuss Third Quarter Results on November 8, 2018 10/30/2018 11:23:00 PM
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#539980  Sticky Note I want to attach this post to the Dmdmd2020 10/02/18 01:01:28 PM
#397110  Sticky Note WaMu Seesaws On M&A Speculation fsshon 03/24/14 04:17:07 PM
#546620   Anyone can goose the economy, give it a MasterBlastr 11/12/18 05:50:36 PM
#546619   But you are going to get paid with jerrylev 11/12/18 05:46:00 PM
#546618   THATS THE SMARTEST THING I HAVE HEARD YOU BBANBOB 11/12/18 05:43:12 PM
#546617   That's MM manipulation at its best, look at JusticeWillWin 11/12/18 05:25:41 PM
#546616   Civil War General, Obama added $10 TRILLION to Nightdaytrader 11/12/18 05:20:01 PM
#546615   We can't never go back to the 50s jerrylev 11/12/18 05:09:56 PM
#546614   yep, like I've said, once my Escrows gets Major_Bankz 11/12/18 05:07:10 PM
#546613   The employment growth graph is simply a continuation Civil War General 11/12/18 04:53:31 PM
#546612   No doubt. Largest Bankruptcy in history. Hedge funds Civil War General 11/12/18 04:45:44 PM
#546611   You have to look at the entire picture. jerrylev 11/12/18 04:38:24 PM
#546610   Compliments of Crispy Cream, just enjoy them donuts, Major_Bankz 11/12/18 04:26:25 PM
#546609   I'm just the messenger, he said the employment Major_Bankz 11/12/18 04:24:50 PM
#546608   New name same SCAM REALtime64 11/12/18 04:18:16 PM
#546607   Everything is rigged. We are also rigged, jerrylev 11/12/18 04:17:58 PM
#546606   Talk about falling off a cliff... this PPS blows. Jestiron 11/12/18 04:16:38 PM
#546605   And the criminal like mm activity continues.. jhdf51 11/12/18 04:09:28 PM
#546604   Prove it. Pro tip - you can't SamuraiProgrammer 11/12/18 04:08:26 PM
#546603   those employment numbers are rigged. Fake news. Major_Bankz 11/12/18 03:53:00 PM
#546602   Just before the election, the mainstream media called jerrylev 11/12/18 03:50:55 PM
#546601   I would not be telling COOP anything they Royal Dude 11/12/18 03:42:06 PM
#546600   We may be ending up with a lot Royal Dude 11/12/18 03:35:53 PM
#546599   this market correction has nothing to do with Major_Bankz 11/12/18 03:29:21 PM
#546598   Tell it to COOP management. Prepare to jerrylev 11/12/18 03:27:13 PM
#546597   You have been yelling fire from the rooftop jerrylev 11/12/18 03:25:18 PM
#546596   Just the tip of the iceburg Civil IMO Royal Dude 11/12/18 03:25:11 PM
#546595   It is our Money pit, to be shared Royal Dude 11/12/18 03:20:14 PM
#546594   market correction again, these corrections has been happening Major_Bankz 11/12/18 03:18:34 PM
#546593   MM walking through the 15 dollar level now... lodas 11/12/18 03:09:06 PM
#546592   Do we , mall shareholders have a specific Fiduciary? goodietime 11/12/18 03:07:11 PM
#546591   Wrong. During bad economic times, COOP scooped jerrylev 11/12/18 03:06:04 PM
#546590   Nothing to do with you buying at $10. fwh3334zeke 11/12/18 03:05:04 PM
#546589   yep, just like that b!tches vacation, very long. Major_Bankz 11/12/18 03:00:03 PM
#546588   Major, you are one very smart trader you ItsMyOption 11/12/18 02:58:59 PM
#546587   Love hpw they take this down then bring jhdf51 11/12/18 02:58:54 PM
#546586   LOL, LONG WAIT. fwh3334zeke 11/12/18 02:56:33 PM
#546585   waiting for my stop loss at $10 to trigger. Major_Bankz 11/12/18 02:55:28 PM
#546584   If you believe in what you post why fwh3334zeke 11/12/18 02:53:20 PM
#546583   COOP is in a bad sector $2 soon, Major_Bankz 11/12/18 02:32:19 PM
#546582   The NASDAQ is down 2 percent Coop is dine 11/12/18 02:18:40 PM
#546581   God Bless America and all those who Served Emptyhead 11/12/18 02:02:50 PM
#546580   I didn't do much as an Army feller dine 11/12/18 01:47:31 PM
#546579   THANKS TO ALL OUR VETERANS OUT THERE BBANBOB 11/12/18 01:32:52 PM
#546578   after her Court training in Zimbabwe, additional court Major_Bankz 11/12/18 01:32:32 PM
#546577   works for me every time I buy when lodas 11/12/18 12:59:02 PM
#546576   It's easy. All money transactions in the jerrylev 11/12/18 12:51:54 PM
#546575   judge mw should be working in broward county willie424 11/12/18 12:40:14 PM
#546574   It is trading higher than the NASDAQ. I'm dine 11/12/18 12:32:04 PM
#546573   How does this have to do with WMI? bond-007 11/12/18 12:20:07 PM
#546572   JB the trading day is not over 4:00 fwh3334zeke 11/12/18 12:18:21 PM
#546571   its very sad this can't hold a gain JB3136 11/12/18 12:14:25 PM
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