Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
👉👉👉Only 3 BUSINESS DAYS until COOP Q2'24 earnings on July 25 (pre-market)
https://www.businesswire.com/news/home/20240709947408/en/Mr.-Cooper-Group-Inc.-to-Discuss-Second-Quarter-2024-Financial-Results-on-July-25-2024
My head is spinning and about to come off!
@Lodas ... While every normally thinking person fights for his values, there are those who want to impose their own opinion every day. It is lied and insulted and claimed to know it better. They talk contemptuously about others, without saying anything themselves.
.... and you are not alone! .... and you don't have to fear sacrificing an assassination attempt!
.... but if it turns out differently?
Let's see how quiet it will be around you if you have preached for nothing!
no need to call schwab
go to realized gain/loss then click on gainskeeper tab....
from there fill in the date pre 2012 so 2011
there they arre.
he is stirring up shiat once again.
be well
$27
wifi3714@gmail.com
Earnings week never disappoints!!!
mypennys
send me an email address, and I ll send you the copy of the page you are wanting on the ballott
daycabdepot@live.com
Make sure you say "hello J&J" so I ll know it is you
~ Thanks Gert, ... Yep, "It Should" I guess, LOL, but it won't ... But ? It Doesn't Matter At All, Nope Not At All ~
Yes….distributions coming real soon……laughing….side hurts..
~ mpenny's, ... In My Opinion, Check With "Your" Broker (Schwab) ... and Verify That Schwab Has a Record of Your WMI Holding Company's Original 2012' Release to Participate', ALONG With Your documented Election to ... "Accept The Plan" ... with a W-9 Attached ~
just sayin'
AZ
Arazona can you post a copy of what will filled out.
I don’t remember if I made a copy or not.
I do remember releasing and signing a 1099
Beyond that I don’t know who to call to get a copy of
What I signed. I have received shares after the
Bankruptcy. I have not received anything else.
Now people are saying you need to have signed something else.
Is there a phone number that I can call.
Because I don’t know how much help Schwab will
Be tomorrow when I don’t know what the hell to ask
them to look for when it was 15 years ago and may not
have records of it.
AZ, very convincing summary of all the steps to be taken, it should silence all the unjust criticasters of your integer efforts to provide this board of correct (verifiable) information. Your contributions kept me on track. Grazie mille!
BUT WAIT
""However, There Is More, A Lot More that would eventually be coming to a WMI Plan 7' Releasing Participant that ALSO voted to "Accept The Plan" """
YOu say it is over and nothing in the plan counts or at least not the payout matrix! SO WHICH IS IT the plan being a negotiated CONTRACTUAL agreement and has to be followed in it's entirety or it doesn't
Was is it that you don't understand about contracts
OK OK OK
BUT this was a given, YOU ACCEPT THE PLAN and vote for distributions AS LAID OUT IN THE PLAN ACCORDING TO THE """PLANS PAYOUT MATRIX""
Not sure how you just step around conditions of the plan as easily as you do , BUTT YOU DOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO
NOW you ARE GETTING REAL NIT PICKY
"""Accept the Plan" was necessary WELLLLLLLLLLLLLLLL DUHHHHHHHHHHHHHHHHHHHHHHHHHH
Silly quote after 12+ years in waiting………..”sometimes, the actual truth is ? difficult to accept ... did everyone actually "Accept The Plan" ? ? ... maybe, but maybe not' ... hhhhmmmmm ? ... maybe, explains the naysayers ?' “
If you received the converted shares to WMIH….yes you released…….either independent or through a broker house…..you released…..does not matter if you sold your WMIH shares now coop….you still released…..cactus is still trying to be relevant….y
~ Just Dotting the 2008' WMI / 2012 WMIHC / 2015 WMIH ... Financially Positive "I's" and crossing the "T's", Regarding the WMI Approved Plan 7' Reorganization' ... sorry, NO focus groups (LOL') and NO ad-hoc groups for this ol' cactus LOL ~
... ol' cactus roles solo ...
Yes, I like to ... ~ Know What I Own ~ ... all of the ol' cactus submitted Plan release documents have now been re-checked ... WMB Note / Euro Bonds are in fine shape ... nothin' personal or emotionally charged up' "ever" for this cowboy' ... period' ... just links ... k ? ...
=================
Docket 0001' the WMI Holding Company's 2008' Filing For Chapter 11 showing, ... (showing, showing, showing,) ... Common Shares, 1,704,961.280 outstanding ! ! ~
https://www.docketalarm.com/cases/Delaware_Bankruptcy_Court/1--08-bk-12229/Washington_Mutual_Inc/1/
=================
The Documented Release WMI Value Associated CUSIP Numbers; ,,, (the wmi-lt' issued esc's were missing an important WMI value related number "3")
A properly Plan Released & "REGISTERED" wamuq common share ... cusip # 939322 10 3
A properly Plan Released Bond Participation, a wampq bond owned ... cusip # 939322 81 4
A property Plan Released participating subset of a P Bond, a wamkq owned ... cusip # 939322 83 0
=================
Direct from the CEO, ... COOP is merely the result of a WMIH 2018' Acquisition
https://www.sec.gov/Archives/edgar/data/933136/000119312518180676/d574669d424b3.htm
"Nationstar will merge with and into Wand Merger Corporation with Nationstar surviving the merger as a wholly owned subsidiary of WMIH."
=================
https://www.sec.gov/Archives/edgar/data/933136/000089375008000547/amend1.htm
DEREGISTRATION OF SECURITIES
"A Registration Statement on Form S-3 (Registration No. 333-150629) was originally filed with the Securities and Exchange Commission on May 2, 2008 by the Registrant. The Registration Statement registered the resale by certain selling securityholders named therein of up to 605,439,997 shares of the Registrant’s common stock and up to 36,642 shares of Series S Contingent Convertible Perpetual Non-Cumulative Preferred Stock (together with the common stock, the “Securities”). The Registrant is filing this Post-Effective Amendment No. 1 to the Registration Statement to withdraw from registration all unsold Securities previously registered for resale under the Registration Statement."
=================
And, ... The Plan 7 Voting Instructions;
https://veritaglobal.net/documents/0812229/0812229120217000000000008.pdf
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174785969
=================
sometimes, the actual truth is ? difficult to accept ... did everyone actually "Accept The Plan" ? ? ... maybe, but maybe not' ... hhhhmmmmm ? ... maybe, explains the naysayers ?'
just sayin'
AZ
Who really cares you either are released or not. Who is paying you to create noise????????????
They are done (P'S) to be paid Series nn and should be paid when they get their act together July 22nd/Oct 22 My solution is to make public "project West" and blow this thing wide open. Anyone else have any Balls here?????????????? Jamie would love it.
yo AZCowboy?......the chapter 11 closed 12 years ago, and in case you missed reading the amended POR7, "all common and preferred shares are cancelled and extinguished, and all prospectuses concerning dividend payments are NULL AND VOID!!!!!!!!!!!!......"......WMI states that with the bankruptcy settlement, no further distributions will be made to classes 19, and 22 because they are "impaired" from future recovery..... as for the commons, WMI makes the statement that Title to all assets before and after the completion of the reorganization belongs to the Grantor of the WMIL-T Trust is the REORGANIZED DEBTOR!!!!!!!!....now, show the message board where WMIH is going to award more recovery from a previous company which is now extinct..name calling does not cut it anymore.... put up your documentation that has been ratified by all parties to the agreements and signed by the judge. in short, WHERE IS THE MONEY, AND WHERE IS IT COMING FROM,AND WHEN??????? LODAS
~ Sorry' (pliss-reiko-claw-storms-loodie, etc. etc. etc.) Submitting a WMI 2012's Plan 7' RELEASE, allowed one to receive a receipt of the reorganized company's 2012 issued shares' of the Newco's Original 200m shares' ... by the use of a multiplier per, uq, P' and a K' ownership' ... But ?, per the Plan ? That Was NOT All, Nope, Not Hardly ~
... However, There Is More, A Lot More that would eventually be coming to a WMI Plan 7' Releasing Participant that ALSO voted to "Accept The Plan" ... Yes, to "Accept The Plan" would entitle a Plan 7 releasing participant' to, ... Yeppers, to receive a participation in the Entire WaMu Financial Enchilada LOL' ...
YES, one ALSO needed to "Accept The Plan" ... by checking the appropriate box on the release form with the proper cusip number imprinted per ownership ... the LINKED and documented PROOF has now been ol' cactus posted ...
ol' cactus' was also just now revisiting and reading the Courts Allowed Voting Package Insert, ... (yes, +promoted by coffeee' and + !) ... which stated and recommending to specifically vote "To Reject The Plan" ... hhmmmmm ? ... interesting stuff' ... I'm Good ! ! ... I didn't listen to the 2012's TPS, the Voting Package Insert, OR, ... the 2019 filing attempts to disrupt the Plan ...
(hhhmmmmm, did the TPS consortium follow their own voting package inserts advice ? to Vote to "Reject The Plan" ... hope so' ... that would mean there's more financial P' returns for ol' cactus soon coming' ...)
uh, YES one DID ALSO NEED To "Accept The Plan" ...
=================
... I have properly LINKED The Relevant Documents ... and, more importantly !, the actual PROOF' ... of what steps were properly necessary' to Completely Participate in ones submitted ballot' in the Great WaMu Values' beyond the mere shares issued at the implementation of Plan 7' ... just the facts' ...
https://veritaglobal.net/documents/0812229/0812229120217000000000008.pdf
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174785969
just sayin'
AZ
Any ideas about what’s happening to P’s?
Quit making things up. You didn't need to "accept the plan" in order to receive a distribution as long as you didn't "elect to opt out". Pay attention to the Note.
6 of 13
ITEM 3. Release Election. By checking the box below, you elect NOT to grant the releases contained in
Section 41.6 of the Plan. Election to withhold consent is at your option. Please be advised that if you
check the box, you WILL NOT be entitled to a distribution under the Plan.
Check the box: Elect to opt out (and receive no distribution)
Note: By failing to check the above box, even if you vote to reject the Plan, you will be deemed to consent to the release.
https://www.fidelity.com/misc/wamu/WAMU-Class-22-Beneficial-Ballot-Code-GG-939322-10-3.pdf
This is because the underwriters will accept the Junk at a different time, The Dtcc will still get their cut no mater what date they do it.
B #: 20491-24
Date: 07/12/2024
To: Underwriters, Participants, & Issuers
Category: Asset Services
From: DTC Underwriting
Attention: All Underwriters, Participants, Agents, & Issuers
Subject: DTC Eligibility One-Day Surcharge Late Submission Fee (Fee ID 434)
"This Important Notice is intended to inform Underwriters and Issuers of a change to the DTC
eligibility surcharge when submitting an eligibility request one business day prior to the
scheduled closing date (“One-Day Surcharge”) (see filing SR-DTC-2024-005). Beginning July
29, 2024, issuances that are sold in a private sale will be exempt from the One-Day Surcharge.
Privately transacted securities include (i) issues exempt from Securities and Exchange
Commission registration under Rule 144 A or Regulation S, and (ii) continuously issued
structured note programs drawn down from a CUSIP block provided by CUSIP Global Services
and submitted into DTC as an equity derivative or debt derivative."
https://www.dtcc.com/-/media/Files/pdf/2024/7/12/20491-24.pdf
~ XOOM Okay, I hope that "most" checked the ... "accept the plan" ... relevant box' on their ballots submitted', of the actual 886 million wamuq common shares' that WERE actually "REGISTERED" ~
... posting that if one released and received shares back in 2012' ?, that they were good ?, ... was INCORRECT' ... proper additional documented steps were needed to also be in the money', a cognizant choice to "Accept the Plan" was necessary
... ol' cactus is good' ... the WMB Notes / Euro Bonds, are good (just checked) ... the cowboy is, happy' as usual ... maybe my .058 calculation is low ? ... its all good
"Abba Da Ayy"
AZ
Wish all would talk about something about timing and factual dd. and not beating up on one another. Below is the reason for our delay and lack of settlement payment. Hope we see more info tomorrow. The dd is all public. You do not have to be an insider. Hope they rewrite this crap and give us real value.
"DTC has received notification from Citibank, N.A. DTC #2790, the Issuing Paying Agent for
Prudential Fin Inc (PFA4), Base Issuer Cusip 74432A that #2790 has refused to pay
reorganization presentment for this issuer’s Medium-Term Note that are due and payable on
07/03/24 through DTC. Therefore, in accordance with DTC’s rules and procedures, this
issuer’s reorganization payment will not be completed. "
https://www.dtcc.com/-/media/Files/pdf/2024/7/3/B20447-24.pdf
~ IF a 2012' Submitted WMI Plan 7' Release Document, Checked The ITEM 2 Box to "Accept The Plan", ... and, left the other boxes blank' ? ... Your Future is BRIGHT' ... YES, VERY VERY BRIGHT' ~
... period' ... documented links of PROOF have been provided by ol' cactus
=================
cowboy's NOT trying not to confuse anyone, however ... if a 2012' Submitted Plan 7 Release document shows ... an individual's CHOICE' to "Reject The Plan" ... or ... an individual's CHOICE to "Elected to Opt Out" of the Plan ? ... then the amount of the WMI reorganized company's shares issued way back in 2012' is ALL ... That's It ...
Those That CHOSE To "Accept The Plan" ... will continue to financially benefit' from the Great WaMu
(rejecting the plan or choosing to opt out, ... would have been an error' regarding the financial future' of that choice')
just sayin'
AZ
Hi AZ, I think almost all folks who followed Susman Godfrey’s voting packet insert :
1. Accepted the plan
And
2. Did NOT check the box to opt out and thus received the newco WMIH shares in 2012
Was there anything special you did other than the 2 steps outlined above, because there is only 2 things you could do with those ballots, and not a bunch of multiple choice options like a GRE or a GMAT test
TIA
~ ol' cactus is (right now'; this minute) is manually checking the WMI Holding Company's submitted ballot to Participate in the WMI Plan 7 Court Approved Reorganization ~
... WMI Value Associated Cusip Number, ... 939322 10 3 ... depicting the wamuq' common share ownership of the Holding Company
ITEM 2. ... the directions are to check one box: ... Accept the Plan (ol cactus checked this box') ... or Reject the Plan (ol'cactus' DID NOT check this box' ... ballot shows the box is blank)
ITEM 3. ... Check the box ... elect to opt out and receive no distribution ... (ol' cactus DID NOT check this box, box shows blank) ...
some additional ITEM 3 text, placed on the actual ballot ... "Please Be Advised that if you check the box, you WILL NOT be entitled to a distribution under the Plan".
(ol' cactus other ballots submitted for Dimes, P's and K's show the same' choice to participate ... ) ... the Direct Ownership of the WMB Notes / Euro Bonds are totally separate'
this IS Important' ...
just sayin'
AZ
The stance is: “if you signed releases and submitted them….this is all you need….if there is a distribution only for those who released….then you will be part of any distribution if a distribution happens.”
~ NO', NO', NO', NOT TRUE, NOT TRUE ... simply a receipt of the 2012' Plans originally issued Reorganized Company's Shares' ... DOES NOT mean a continued or a future participation of the moving forward WaMu Process, the WMI Holding Company's release of additional Assets and CASH' still to come' ! ! ... Like so many others, Those 36,000 plus Presentations ARE NOT TRUE ! ~
Because the TICK loves to make some here upset when he eludes to him being that smartest investor here and to make them worried about if they will get paid or not.
IMHO IF IF IFIN ya got shares if there is a payout you will be paid......... IN SPITE of the TICKS confusing comments.
And we will see how accurate he is on changing conditions of a payout matrix once it was APPROVED and 8k filed by the company
Of course, now you’re just regurgitating the known.. Yes you had to grant them the release… sent your W9. You received some shares iin COOP., had CUSIiP numbers show in your account and everyone received a few little pennies in their account which I am sure just to make sure everything was set up, should money flow…but all that doesn’t matter because right now the only thing that matters is the stock everything else is just hopes and dreams.. You’re all good.
Simple Simon..
~ "ballots without having checked the box opting out of granting the releases" ... Will NOT Be Financially Considered Beyond merely' The Plan 7 Implementation ! ! ! ... ~
... READ, READ, READ The ol' cactus posted and Relevant Linked Documents' ...
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174785969
... TWO Things were required to Financially participate in the future financial results of the Great Reorganized WaMu, simply beyond the 2012's issuing of the Plan's initial shares' ... Hopefully, EVERYONE, Released AND CHECKED THE APPROPRIATE BOX' on their submitted form ...
YES, ... ol' cactus properly Released AND ALSO' Checked The Appropriate BOX' on the submitted ballot' ...
* First, a Plan 7 Ballot with the proper Cusip number needed to be submitted ...
* Secondly, the properly submitted 2012' Ballot MUST have NOT HAD The "opt out" BOX Left Blank' ! ! !
~ Know What YOU Own ~ ... we're gettin' close
"Abba Da Ayy"
AZ
For those that like to celebrate their greatness by offering complexity and confusion, that's too simple.
JHD
Why not make it simple and state: “all who signed….will benefit if there is a distribution…”…..
~ As the WMIH 2018 Acquired' COOP' ... will use its "Share Buy Back Program" ... refer back to the WMI Holding Company's Original Release Instructions' ... ~
... an ol' cactus relevant REMINDER, of what will soon be financially relevant as this finally comes to a completion ...
=================
https://veritaglobal.net/documents/0812229/0812229120217000000000008.pdf
"As previously recommended by the Company and the Equity Committee, if you are a holder that holds WMI common or preferred stock through a bank or broker, you should NOT send your ballot to the Company’s solicitation and tabulation agent, Kurtzman Carson Consultants, LLC (“KCC”). Rather, your ballot must be returned TO THE BANK OR BROKER and NOT KCC.
If stockholders return ballots without having checked the box opting out of granting the releases set forth in Section 41.6 of the Plan in sufficient time to permit the bank or broker to “block” the positions and return all ballots to KCC before the Release Deadline, those stockholders will be entitled to receive a distribution under the Plan. (ol' cactus inserted text'' ... only' ... that is all those voters will receive ! ! ! ) ... DO NOT DELAY IN RETURNING YOUR BALLOTS. Stockholders should allow enough lead time to make sure ballots are received by the bank or broker well in advance of the Release Deadline. Stockholders who elect to not grant the releases set forth in Section 41.6 of the Plan by checking the “opt out” box on the ballot will NOT receive any distribution under the Plan.
Again, note that, if you are a holder that holds WMI common or preferred stock through a bank or broker, your ballot must be returned TO THE BANK OR BROKER and NOT KCC."
=================
... Those That CHOSE To NOT RELEASE in 2012' by a choice placed upon a submitted ballot'' ... WILL NOT RECEIVE any additional financially beneficially returns' ... ~ Know What YOU Own ~
just sayin'
AZ
~ the 2018's "WMIH" ACQUIRED nationstar, ... the mr cooper group, the SEC allowed "registrant" ... "COOP", ... Will correct the necessary financial "separations" between an Original 2012' WMI Holding Company's owner, ... and those that came on much much much later in 2018' ~
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174773906
... ... included have been the ol' cactus linked SEC filed document basis for the cowboy's conclusions on this matter ... sadly, they became, confusing to the already confused' ... however, humorously, the comments have continued' ... just like the 36,000 promotions regarding the now closed and completed wmi-lt and all of that' ... none of which now matters ...
* the COOP "Share Buy Back Program"
* the Financially Relevant Plan 7' Release Forms "CUSIP" ... Linked Documents'
* The Sept 2008' WMI BK Filing showing ... Common Shares, 1,704,961.280 outstanding ... ... Linked' Document'
* then, very very soon after in 2008', ... the Filing of the DE-REGISTERED Commons' ... Linked' Document'
* and then, at the 2012 WMI Plan 7' reorganization ... ALL of the wamuq' common shares, ... BOTH Registered and the DE Registered common shares were allowed by the Court to be submitted and counted ...
* NOW ?, ... COOP's Reset of the platform, will only address the Original REGISTERED, and Properly RELEASED wamuq common shares, ... dictated by the proper WMI HOLDING COMPANY assigned, CUSIP Number ...
~ Watch YOUR Six ~ ... and ... ~ Know What YOU Own ~
Correct 2221', ... those numbers don't fit on the cowboy's napkin ... LOL' ...
"Abba Da Ayy"
AZ
Believe they are having trouble accepting the junk series A bonds. They think the head funds are stupid to except such nonsense. Let’s publicly announce why :)
Money Included in the Settlement, The BK is done and they could not get their hands on this value. This is not a complete list. I already forgot the DS Tusts I can't predict that someone may get that estimate. Their are many ways to find the amount of the settlement. I stared with the calculator for POR 7 and WMB. Then I look at the suit against the FDIC for $299 Billion . Then we could approach the $$$ amount from each Agency or court evolved.
https://docs.google.com/spreadsheets/d/1ZoUYA5R7n6pEB-JxSS6NxEayKqNmtbKAaXwf_rOaeZQ/edit?gid=1#gid=1
From the FDIC
121 Bil Fdic $121 Billion
16.3 Billion/13.4 Basis points = $121,641,791,002/Amjb
"Special assessment"
11 B 11.0 Bil + 121 B (from tne redemption of qrst series P's
to NN p's).
Series UQRS = 2.5, 3.0, .5, 2.5, 2,5 = $11 B
2. RWMAX Washington Mutual Fund/AMJB Alerian
181 Bil (2,500,000 Depositary Shares) $181.Bil
3. Series A/Not to exceed $130 Bil
.058 conversion rate Legacy to Coop
4. $200 pps 2,500,00 (depository shares = 50 Bill
JPM is in the center of all of this between our value of WMI and the Control of COOP. The proceeds will be buried into WMI and hiding behind the FDIC to protect their involvement. I will not be adverse in receiving JPM Stock. The P's will be well healed as well for $10,000 pps even if it is a 5-10 year plan AJMO
Total distribution to us real $$$ Total + 493 Bil
Uncle Sodas, there are 2 banters
1. Lodas banter on Ihub
2. THJMW and Bop’s banter in the US Bankruptcy court
I am betting on 2 above.
Why ?
Because the people in 2 above are real people associated with bankruptcy courts and the individual in 1 above was born in the early 1900’s (by his own admission) and is not familiar with both accounting and law and spends most of time typing on Ihub.
If you ACTUALLY paid attention dragoon76 you would know why and how. There are documents and dates that allow us to know certain things Like a phoenix, rising from the ashes.
newbee troll....................hmmmmm
@ xoom....... so, let me conclude.... from this banter between the Judge and Alice, you are waiting for an unsubstantiated amount of money, and decided to invest 1/8 of your lifetime with no results....????
Why do you guys constantly bring up so-called "prediction dates"? No one on this board was in the room signing agreements, etc., therefore how can one truly predict a date. So, IMO, if YOU look at other posters predictions as some sort of truth, then you're a damn fool. Plain and simple.
Bump for Bban’s buddy (post from 2021)
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=164560116
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=164631460
($96 per original UQ)
JMHO
FWIW
Actual court conversation (you don’t see this on the balance sheet, Uncle Sodas)
Alice Griffin: This is an extraordinary settlement for 100%
Judge Mary Walrath: Well, 100% not as a claim though...not as a creditor.
Alice Griffin: Yes
Judge Mary Walrath: In a class below creditors.
Alice Griffin: Yes
Judge Mary Walrath: So, and, I think even in this case, shareholders are...that class is not going to get 100%. Is it?
Alice Griffin: We don't know.
Judge Mary Walrath: Class 19?
Alice Griffin: Well, your Honor, there's hope.
Judge Mary Walrath: Ok.
Shareholders' equity:
Preferred stock
7,498,857 7,498,857 (108,750 )
(h)
(7,390,107 ) -
Common stock
13,088,962 13,088,962 (36,250 )
(h)
(13,052,712 ) -
New common stock
- - 155,000
(h)
- 155,000
(h)
Retained earnings - pre-petition
(20,770,849 ) (20,770,849 ) - 20,770,849 -
Retained earnings - post-petition
(645,627 ) (645,627 ) 79,151 566,476 -
Total shareholders' equity (deficit)
(828,657 ) (828,657 ) 89,151 894,505 155,000
Total liabilities and shareholder's equity
7,752,095 7,752,095 (6,530,728 ) (936,367 ) 285,000
Balance Sheet Check - - - - -
(a) Consolidated Debtors, WMI and W
notice the (20.7 billion) loss in pre petition shareholders equity..... why did WMI write it off?,,,, perhaps as the result of the GSA negotiations where WMI agreed to abandon the stock in return for 5.8 billion in NOL'S??????.....WMI stated in BK court 32 billion in assets -8 billion liabilities, or 24 Billion illegally taken from them and threatened a lawsuit against the FDIC and JPM for recovery.... WMI NEVER WENT THROUGH WITH THE LAWSUIT AS BEING TO COSTLY AND THEY COULD LOSE!!!!!!!...... so what was the quid pro quo from the GSA settlement between all parties?..... WMI got 4 Billion in deposits, 2.5 billion in Tax returns, and 5.8 billion in NOLS, making a grand total of 12.3 Billion dollars without having to go to court and might have lost!!!!!!!!!!!!!..... in this way, WMI recovered 12.3/20 billion, or 62% recovery without DOING NOTHING AND NO RISK OF LOSING THE COURT FIGHT!!!!!!!.... lawyers fees, and time alone would have eaten up WMI resources.......bottom line is this: WMI came out better than if they took JPM and the FDIC to court for a protracted fight for the 20 billion dollar claim they said was "stolen " from them.......thanks for posting this document......Lodas
Followers
|
1760
|
Posters
|
|
Posts (Today)
|
5
|
Posts (Total)
|
731418
|
Created
|
11/07/07
|
Type
|
Free
|
Moderators Large Green xoom GO4AWILDRIDE UpTickMeA$AP stoxjock Split T |
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.
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.
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |