High Times
Home > Boards > US Listed > Insurance >

Mr. Cooper Group, Inc. (COOP)

COOP RSS Feed
Add COOP Price Alert      Hide Sticky   Hide Intro
Moderator: Gmenfan, Evintos, jhdf51, GO4AWILDRIDE, pm1012244448, LuckyPanda
Search This Board: 
Last Post: 10/18/2018 2:15:39 AM - Followers: 1619 - Board type: Free - Posts Today: 4

 


Home  Press Releases About Us  Directors and Officers  SEC Filings  Contact Us 

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.

 

 U.S. Chart

Level 2

Level 2 Alternative Link
 




 

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
 

 
High Times
COOP
Current Price
Volume:
Bid Ask Day's Range
  • 1D
  • 1M
  • 2M
  • 3M
  • 6M
  • 1Y
  • 2Y
  • 3Y
  • 5Y
PlusOneCoin Top Posts
No plusone'd posts yet. Be the first!
PostSubject
#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
#502628   not trying to persuade anyone is just common sense!! wamugold 01/03/18 01:23:59 PM
#502627   Guess what? Even if you provided the most longhaulq 01/03/18 01:21:51 PM
#502626   Let me give you some free advice there wamugold 01/03/18 01:20:16 PM
#502625   zeke, In that equation at 2%, wouldn't it austin01 01/03/18 01:19:15 PM
#502624   Its called a legal process.....Yeah you are right Johnnyiwantsome 01/03/18 01:16:02 PM
#502622   100 x your investment, Where did you read wamugold 01/03/18 01:15:19 PM
#502621   If I make 100 times my investment, I longhaulq 01/03/18 01:11:24 PM
#502620   In other words they are getting 2 MILLION fwh3334zeke 01/03/18 01:09:10 PM
#502619   LOL Quote "So no they are NOT gonna wamugold 01/03/18 01:08:05 PM
#502618   Not so bright...what no wants this investment to Johnnyiwantsome 01/03/18 01:03:07 PM
#502617   100,000,000 x .02 = 2,000,000 David West 01/03/18 01:03:00 PM
#502616   What is A & M getting 2 MILLION fwh3334zeke 01/03/18 12:57:43 PM
#502615   Jan 5 2018 has absolutely no significance anymore. wamugold 01/03/18 12:47:22 PM
#502614   so I can expect more than the 3x Roach58 01/03/18 12:41:03 PM
#502613   SAFE HABOR READING WMI 'Understanding" Johnnyiwantsome 01/03/18 12:37:00 PM
#502612   yeah MM's whom will then sell it later JB3136 01/03/18 12:33:00 PM
#502611   Well that doesn't make any sense if they're bond-007 01/03/18 12:31:17 PM
#502610   don't know if it means anything or not, Roach58 01/03/18 12:31:02 PM
#502609   """Exactly what court did what lawyers just make BBANBOB 01/03/18 12:27:27 PM
#502608   Volume pretty low today, unfortunately most of it JB3136 01/03/18 12:24:56 PM
#502607   Try to pull a trick as with WAMU Upperlippy 01/03/18 12:23:43 PM
#502606   Aaron, As I said earlier Johnnyiwantsome 01/03/18 12:19:26 PM
#502605   """Left overs - ALL OF THEM - from BBANBOB 01/03/18 12:18:07 PM
#502604   why do I spend time Donotunderstand 01/03/18 12:17:05 PM
#502603   OMH SKY IS FALLING SKY IS FALLING, down BBANBOB 01/03/18 12:11:27 PM
#502602   BBAN Thank you Donotunderstand 01/03/18 12:08:06 PM
#502600   If good news is a possibility tomorrow, why AaronTrainer 01/03/18 12:00:34 PM
#502598   32 Billion Donotunderstand 01/03/18 11:55:16 AM
#502597   It make perfect sense for them to pay bond-007 01/03/18 11:48:02 AM
#502596   "OUR BOD has always been the LAP DOGS goodietime 01/03/18 11:46:51 AM
#502595   AS BBANBOB says "BINGO!" Johnnyiwantsome 01/03/18 11:44:09 AM
#502594   I have always felt it should have been. BBANBOB 01/03/18 11:42:22 AM
#502593   YES YOU ARE CORRECT! As I said Many Johnnyiwantsome 01/03/18 11:42:17 AM
#502592   because the stock price is too damn low JB3136 01/03/18 11:39:44 AM
#502591   Please note the use of the words "Form mordicai 01/03/18 11:39:16 AM
#502590   Man why so neg? How bout ya look BBANBOB 01/03/18 11:34:59 AM
#502589   feels that way, so frustrations should be directed JB3136 01/03/18 11:32:59 AM
#502588   IRS GUIDELINES ON CORPORATE DISSOLUTION newflow 01/03/18 11:31:32 AM
#502587   JB I think this is what you have BBANBOB 01/03/18 11:30:29 AM
#502586   LOL nope, just simply the date the new JB3136 01/03/18 11:27:30 AM
#502585   Yeah, they would all be Russian. What a follow_me 01/03/18 11:24:36 AM
#502584   Cool maybe i will be the date we bond-007 01/03/18 11:23:08 AM
#502583   ;-) Smiling intuitive regards, Johnnyiwantsome 01/03/18 11:19:03 AM
#502582   I think that is the date the new JB3136 01/03/18 11:15:11 AM
#502581   dung...don't sound so good Roach58 01/03/18 11:11:04 AM
#502580   On the site when you come here , BBANBOB 01/03/18 11:10:13 AM
#502579   What again is the significance of this date bond-007 01/03/18 11:05:45 AM
#502578   As far as any possible potential payouts to BBANBOB 01/03/18 11:04:49 AM
#502577   If Trump was in charge we would have mypenneys 01/03/18 11:04:05 AM
#502576   Johnny BBANBOB 01/03/18 11:03:17 AM
PostSubject