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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
 

 
COOP
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COOP News: Current Report Filing (8-k) 02/21/2020 09:01:15 AM
COOP News: Mr. Cooper Group Announces Election of Shveta Mujumdar to Board of Directors 02/21/2020 09:00:00 AM
COOP News: Amended Statement of Ownership (sc 13g/a) 02/13/2020 06:08:54 AM
COOP News: Amended Statement of Ownership (sc 13g/a) 02/12/2020 01:07:15 PM
COOP News: Statement of Ownership (sc 13g) 02/11/2020 04:50:30 PM
PostSubject
#609843  Sticky Note "My expectation is FDIC will distribute these Safe stoxjock 01/29/20 12:44:52 AM
#594702  Sticky Note This is the end...of the saga UncleBo 11/02/19 01:17:29 PM
#551470  Sticky Note House of cards! Are the underwriters quadruple dipping? Dmdmd2020 12/18/18 09:53:56 AM
#614550   "We are committed to providing our customers with Royal Dude 02/28/20 08:51:00 PM
#614549   This says it all IMO Now is the Royal Dude 02/28/20 08:36:14 PM
#614548   " Servicing Royal Dude 02/28/20 08:27:25 PM
#614547   Great Post... Thanks for sharing messages from DMDM stoxjock 02/28/20 08:25:31 PM
#614546   Always do BIZ get over it Royal Dude 02/28/20 08:24:37 PM
#614545   We are highly dependent upon loan programs administered Royal Dude 02/28/20 08:22:32 PM
#614544   cash for commons..preferreds get exchanged into J.P. Morgan tony_t 02/28/20 08:16:48 PM
#614543   Large Green- I take it your silence means "no"??? vodkadejour 02/28/20 07:32:55 PM
#614542   Please correct me if I'm wrong diamondguru-one 02/28/20 07:16:59 PM
#614541   Please use quotation marks when quoting and posting Bizreader 02/28/20 07:10:24 PM
#614540   We are highly dependent upon loan programs administered Royal Dude 02/28/20 06:59:22 PM
#614539   In case, anyone missed it: sillyinvestor 02/28/20 06:54:50 PM
#614538   The sooner the better just get it over with. JB3136 02/28/20 06:48:02 PM
#614537   JB are you sick...6,000 point drop better calm down. rockie101 02/28/20 06:46:41 PM
#614535   I can't get over the legally binding reality tzebedee 02/28/20 06:34:19 PM
#614534   The tax loss is permanent,(until used up),it travels zeus_0100 02/28/20 06:32:35 PM
#614533   This! JB3136 02/28/20 06:31:38 PM
#614532   not gunna happen royals dudes JB3136 02/28/20 06:29:50 PM
#614531   Servicing As of December 31, 2019, we served approximately Royal Dude 02/28/20 06:28:53 PM
#614530   what does boarded mean 654 Billion Royal Dude 02/28/20 06:24:50 PM
#614529   Gary that AF was for twenty shares inserted t1215s 02/28/20 06:24:45 PM
#614528   After hours means nothing are you new to rockie101 02/28/20 06:16:15 PM
#614527   AH= $13.98? Did something come out? garyhalvo 02/28/20 06:09:07 PM
#614526   Thanks, good of you to pass this on! vodkadejour 02/28/20 06:05:23 PM
#614525   By all means make sure you ask AZ. rockie101 02/28/20 06:02:45 PM
#614524   AZ did I read the 10K right? johnlconfer 02/28/20 05:47:57 PM
#614523   (6) Magic Beans ReikoBlack 02/28/20 05:26:48 PM
#614522   Dmdmd1 latest Update-GREAT Information & Thank You Very Large Green 02/28/20 05:23:20 PM
#614521   At this point is a crucial time. If Royal Dude 02/28/20 05:18:32 PM
#614520   1:1 for escrows at a pps value of Royal Dude 02/28/20 05:17:14 PM
#614519   RD whats your thoughts on the bottom line diamondguru-one 02/28/20 05:14:05 PM
#614518   Who do you think owns these???? Royal Dude 02/28/20 05:13:59 PM
#614517   This poop stock will be green when it PickStocks 02/28/20 05:11:42 PM
#614516   NOT PickStocks 02/28/20 05:10:48 PM
#614515   Did you see where ceo gets another bonus PickStocks 02/28/20 05:10:32 PM
#614514   So coop was green today while the market JB3136 02/28/20 05:09:38 PM
#614513   10K COOP Royal Dude 02/28/20 04:54:18 PM
#614512   Clawmann Besides last trading day of the month t1215s 02/28/20 04:54:15 PM
#614511   The fight does not end till the evidence continuity 02/28/20 04:35:12 PM
#614510   Sounds more like an Adult movie Tradeinman 02/28/20 04:32:47 PM
#614509   Maybe from the $12.50 puts he sold. creyno58 02/28/20 04:24:53 PM
#614508   clawman....how about a book entitled..."Mind Gapping as a lodas 02/28/20 04:19:52 PM
#614507   Thank you. goodietime 02/28/20 04:16:42 PM
#614506   goodie...about 11.47 or so, according to the charts...sorry, lodas 02/28/20 04:09:00 PM
#614505   Wells Fargo to Liquidate Wells Fargo Capital X Royal Dude 02/28/20 04:08:54 PM
#614504   " I really expected that the MM would goodietime 02/28/20 04:05:59 PM
#614503   The bottom may now be in. Monday will clawmann 02/28/20 04:01:14 PM
#614502   "Lose everything in 9 months"? Er, uh, it zeus_0100 02/28/20 03:56:14 PM
#614501   The fight is over man, fight all you JB3136 02/28/20 03:39:28 PM
#614499   I like!!! Thanks! $50 billion from continuity 02/28/20 03:09:30 PM
PostSubject