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Mr. Cooper Group, Inc. (COOP)

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Last Post: 12/14/2018 5:13:47 AM - Followers: 1624 - Board type: Free - Posts Today: 12


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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
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#397110  Sticky Note WaMu Seesaws On M&A Speculation fsshon 03/24/14 04:17:07 PM
#499225   ~ WMIH-Corp, IS’ / WILL BE’ The “Tell” ~ AZCowboy 12/08/17 10:41:03 AM
#499224   Ahhh back down. Thats the WMIH we know AaronTrainer 12/08/17 10:29:28 AM
#499223   Quote..."It has been over 5 1/2 years since hotmeat 12/08/17 10:28:39 AM
#499222   Almost every trade has gone off at the BBANBOB 12/08/17 10:18:07 AM
#499220   statute of limitations for reference Johnnyiwantsome 12/08/17 09:59:07 AM
#499219   Good Morning Sir, ckaufman2160 12/08/17 09:55:20 AM
#499218   Nice read AZ!Great job and thank you. Johnnyiwantsome 12/08/17 09:55:05 AM
#499215   ~ PIERS Class 16 ? Not Until Year AZCowboy 12/08/17 09:12:33 AM
#499214   bk in brief - what is the ceiling on Donotunderstand 12/08/17 08:48:22 AM
#499213   Yes And such is fully anticipated Donotunderstand 12/08/17 08:46:13 AM
#499212   Ref: Is there a time limit for disclosure CBA09 12/08/17 08:04:10 AM
#499211   The tax refunds received to date and... bkshadow 12/08/17 07:12:33 AM
#499210   Dude, the reason for the 645 MM you nosch 12/08/17 05:02:25 AM
#499209   And when Rosen and the gang eat all katekir1234 12/08/17 02:49:33 AM
#499208   As I said before:the final payment was done katekir1234 12/08/17 02:33:15 AM
#499207   It has been claimed in the past, that hotmeat 12/08/17 12:23:26 AM
#499206   That will be the DAY!!!!! fwh3334zeke 12/07/17 11:31:50 PM
#499203   History and track records wrong again is just JB3136 12/07/17 11:00:07 PM
#499202   what about if their claims are based on Roach58 12/07/17 10:22:18 PM
#499201   how can you once again in the present Roach58 12/07/17 10:14:28 PM
#499200   yeah I know I was here. I believe Roach58 12/07/17 09:58:53 PM
#499199   It might be "High Time" for the powerful, austin01 12/07/17 09:37:17 PM
#499198   Thank you Bo! nosch 12/07/17 09:22:11 PM
#499196   Gary screwing been going for 9 years....how long rockie101 12/07/17 09:15:28 PM
#499193   We are HF’s also. Do you really believe garyhalvo 12/07/17 09:07:28 PM
#499191   BBAN, Time to give that Congressman a call. goodietime 12/07/17 08:59:19 PM
#499189   Exactly and once disallowed and Piers are paid hotmeat 12/07/17 08:36:48 PM
#499187   There is approximately $65M set aside for payment mwd44 12/07/17 08:26:09 PM
#499186   Tuff times don't last, tuff people do!! gg4 12/07/17 08:13:57 PM
#499185   Idk they don't seem concerned and still projecting JB3136 12/07/17 07:54:02 PM
#499184   The Bankruptcy is one thing. The FDIC Receivership is Civil War General 12/07/17 07:52:02 PM
#499183   There are some wonderful posters here that have austin01 12/07/17 07:44:23 PM
#499182   I never imagined that I would say this creyno58 12/07/17 07:41:18 PM
#499181   That really sucks! JB3136 12/07/17 07:38:04 PM
#499180   Just common makekers and wmih shares from GSA JB3136 12/07/17 07:37:28 PM
#499179   Yeah and early this year didn't we hear JB3136 12/07/17 07:36:28 PM
#499178   How much is the total for the employee ckaufman2160 12/07/17 07:36:03 PM
#499177   DUH it has been shown here SEVERAL TIMES BBANBOB 12/07/17 07:35:13 PM
#499175   JB, realistically, it's hard to argue that. So austin01 12/07/17 07:26:58 PM
#499174   For some reason I thought I had read JB3136 12/07/17 07:22:08 PM
#499173   For as long as they are out there JB3136 12/07/17 07:20:42 PM
#499172   Haven't I said more than once that the rockie101 12/07/17 06:59:45 PM
#499171   Absoltuely. This is total BS. kevins131 12/07/17 06:56:57 PM
#499170   The Employee Claims are being most obviously used hotmeat 12/07/17 06:45:49 PM
#499169   The money for employees claim is already in garyhalvo 12/07/17 06:24:39 PM
#499166   Summing up the incoming info bits and pieces Bizreader 12/07/17 05:55:03 PM
#499165   I already know it is on them to fwh3334zeke 12/07/17 05:52:42 PM
#499164   Did anybody see anything positive for escrows in austin01 12/07/17 05:48:00 PM
#499163   To be granted a second 3 year extension hotmeat 12/07/17 05:20:34 PM
#499162   nobody knows zeke, do you think we'll ever JB3136 12/07/17 05:15:17 PM