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Mr. Cooper Group, Inc. (COOP)

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Last Post: 12/18/2018 11:48:30 AM - Followers: 1624 - Board type: Free - Posts Today: 35


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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 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
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
PlusOneCoin Top Posts
#550907   Here comes our money. Don't be stingy Jamie Royal Dude 12/14/18 10:45:57 AM
#397110  Sticky Note WaMu Seesaws On M&A Speculation fsshon 03/24/14 04:17:07 PM
#499119   AZC, keep it up pal everyone here appreciates gg4 12/07/17 01:47:38 PM
#499118   Could there be a filing soon where FDIC RajuSondh1 12/07/17 01:45:17 PM
#499117   CBA09, thanks to you also for the information. gg4 12/07/17 01:44:16 PM
#499116   Can't wait General!! gg4 12/07/17 01:41:09 PM
#499115   Ref: Therefore, the FDIC must make "the Final CBA09 12/07/17 01:40:53 PM
#499114   Johnny, Thank you so much for taking time gg4 12/07/17 01:40:02 PM
#499113   PIERS first after claims are reconciled, then the Civil War General 12/07/17 01:20:03 PM
#499112   Judge never refused something Rosen asked her and katekir1234 12/07/17 01:11:44 PM
#499111   What distributions are Mr. Rosen referring to? "Distributions austin01 12/07/17 01:06:34 PM
#499110   10-4 Capt Johnnyiwantsome 12/07/17 01:00:34 PM
#499108   Yeah you knew that it was gonna Johnnyiwantsome 12/07/17 12:56:19 PM
#499107   He said nothing we didn't know already except katekir1234 12/07/17 12:50:23 PM
#499106   THEY ALWAYS DO DEAR, they have a hard BBANBOB 12/07/17 12:40:57 PM
#499105   Does Rosen email mean nothing coming by EOY ? rockie101 12/07/17 12:40:26 PM
#499104   from Mr Rosen, "You are correct that the austin01 12/07/17 12:37:12 PM
#499103   Ohhh..”confirmed AND consummated”. I like the sound footballref-8541 12/07/17 12:25:48 PM
#499102   ok what FDIC claims???? katekir1234 12/07/17 12:24:36 PM
#499101   HOW about a link or just your OPINION? E0M fwh3334zeke 12/07/17 12:19:21 PM
#499099   There are no FDIC claims left. katekir1234 12/07/17 12:16:27 PM
#499098   FDIC claims: Are they implied within Brian Rosen´s response? Mr_Simpson72 12/07/17 12:13:08 PM
#499097   Oh my Johnny...thank you for that!! footballref-8541 12/07/17 12:12:11 PM
#499096   ~ JJ, Good to see you here’ ~ AZCowboy 12/07/17 12:07:59 PM
#499095   From Brain R. Today! Johnnyiwantsome 12/07/17 12:03:13 PM
#499094   ~ Kate’ I’m Totally Not Worried ~ AZCowboy 12/07/17 11:59:56 AM
#499093   AZ, Well now it looks like your statement is Johnnyiwantsome 12/07/17 11:53:04 AM
#499092   NEWS Mr. B.R FROM THE WELL ITSELF Johnnyiwantsome 12/07/17 11:47:41 AM
#499091   AZ, so why not 6years from the signed/approved jjflash49 12/07/17 11:45:45 AM
#499090   ... Everything’ and I mean EVERYTHING’ looks different katekir1234 12/07/17 11:43:32 AM
#499089   The reason the LT wants 3 more years katekir1234 12/07/17 11:41:10 AM
#499088   Johnny, please elaborate, "Its coming down the pipe austin01 12/07/17 11:34:39 AM
#499086   Of course,they are getting sick of all this 2221 12/07/17 11:30:21 AM
#499085   Its coming down the pipe baby ! Its Johnnyiwantsome 12/07/17 11:28:08 AM
#499084   ~ Johnny (B), Just To Reaffirm My Own AZCowboy 12/07/17 11:26:58 AM
#499083   We need to make sure the Liquidation Trust mypenneys 12/07/17 11:17:55 AM
#499081   Appears that if C happens then we we're Countyroads 12/07/17 11:13:48 AM
#499080   BBAN Johnnyiwantsome 12/07/17 11:02:57 AM
#499079   Johnny I hope that really wasn't directed at BBANBOB 12/07/17 10:50:42 AM
#499078   wait to see what happens next;-) Johnnyiwantsome 12/07/17 10:46:39 AM
#499077   As you all know been here since 10/21/08 Johnnyiwantsome 12/07/17 10:45:07 AM
#499076   Of course,they are getting sick of all this katekir1234 12/07/17 10:41:59 AM
#499075   If we will get FINAL PAYMENT before due zulual 12/07/17 10:40:59 AM
#499072   "Neither Ms. Foster or I are (((able))) to BBANBOB 12/07/17 10:27:20 AM
#499071   AZ sorry to ask since you likely have es1 12/07/17 10:21:33 AM
#499070   So she can't answer this one.. did 90% Johnnyiwantsome 12/07/17 10:19:54 AM
#499069   #7 FDIC Janice Hello Barry. Johnnyiwantsome 12/07/17 10:16:40 AM
#499068   REQUIRED READING FOR THOSE WHO... UncleBo 12/07/17 10:14:48 AM
#499067   Aaron It's all a crapshoot, sooner or later t1215s 12/07/17 10:10:54 AM
#499066   ron I hope it works out that way, t1215s 12/07/17 10:06:12 AM
#499063   And what about all the other crooks?We have katekir1234 12/07/17 09:50:34 AM
#499061   And if we get paid I do not fwh3334zeke 12/07/17 09:43:14 AM