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Mr. Cooper Group, Inc. (COOP)

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Last Post: 5/27/2022 9:30:55 PM - Followers: 1723 - Board type: Free - Posts Today: 33


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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 (COOP) Gets a Hold Rating from BTIG 05/25/2022 07:15:51 PM
COOP News: Current Report Filing (8-k) 05/25/2022 03:01:22 AM
COOP News: Statement of Changes in Beneficial Ownership (4) 05/23/2022 01:10:12 PM
COOP News: Statement of Changes in Beneficial Ownership (4) 05/23/2022 01:08:22 PM
COOP News: Statement of Changes in Beneficial Ownership (4) 05/23/2022 01:07:09 PM
#632660  Sticky Note BOARD WARNING: IH Admin [Shelly] 09/04/20 09:56:32 AM
#689097   It seems like they are saying over and Civil War General 05/27/22 09:30:55 PM
#689096   Thanks Newflow; The WMI Non-Debtor Subs are Not ron_66271 05/27/22 08:53:25 PM
#689095   Ok Bizreader 05/27/22 07:51:02 PM
#689094   7. Assets of WMI’s Non-Debtor Subsidiaries, Other newflow 05/27/22 05:59:16 PM
#689093   Cura would not lie about this…,c’mon man! PickStocks 05/27/22 04:49:48 PM
#689092   Xome is nothing more than a pump and PickStocks 05/27/22 04:48:22 PM
#689091   Most of these dates are nothing but misleading RajuSondh 05/27/22 04:19:36 PM
#689090   There was some very strong buying activity towards PinkZombie 05/27/22 04:16:29 PM
#689089   That because it does exist. PickStocks 05/27/22 03:02:24 PM
#689088   XOME spin-off on the way? Chris Marshall said: JusticeWillWin 05/27/22 02:17:50 PM
#689087   Nothing in the mailbox today either. if mailboxes JB3136 05/27/22 02:08:13 PM
#689086   Cura could you please link those dates, Can't Royal Dude 05/27/22 01:54:15 PM
#689085   Oh yeah and we reach 50.00 pps for PickStocks 05/27/22 01:42:58 PM
#689084   Well, so far no payment. You and the PickStocks 05/27/22 01:41:30 PM
#689083   Provide the full document for this…. PickStocks 05/27/22 01:37:50 PM
#689080   I wasn't at all and told that poster BBANBOB 05/27/22 10:13:44 AM
#689079   What HAPPENED You were the one pumping borbash 05/27/22 10:08:44 AM
#689078   What HAPPENED to """COOP WILL GO BBANBOB 05/27/22 09:51:08 AM
#689077   Good morning people, Well as of this post t1215s 05/27/22 09:34:21 AM
#689076   2 class 19 and 1 class 22, according cura asada 05/27/22 09:33:54 AM
#689075   $COOP chart https://www.stockscores.com/chart.asp?TickerSymbol=COOP&TimeRan Thugmuffin 05/27/22 09:28:44 AM
#689074   RON """Plus cost money.""" AND A WHOLE LOT BBANBOB 05/27/22 08:42:49 AM
#689073   NEWFLOW """"The use of a liquidating trust structure is BBANBOB 05/27/22 08:35:48 AM
#689072   Chart=======>Unfilled gap @ $49.90 / $50.49 JusticeWillWin 05/27/22 08:20:40 AM
#689071   Maybe somebody could ask Edgar if the case cookacrook 05/27/22 08:08:52 AM
#689070   LP, Retained Earnings and Non-Debtor Subs Have Nothing ron_66271 05/27/22 12:58:53 AM
#689069   Ron, I'm not suggesting that we hire attorneys...but LuckyPanda 05/27/22 12:36:01 AM
#689068   As long as WMIH exists, the IEN carried Bizreader 05/27/22 12:35:27 AM
#689067   Agree. If attorneys get involved there will be jhdf51 05/27/22 12:23:35 AM
#689066   Lawyers are Just Going to Muddy up the Process. ron_66271 05/27/22 12:05:27 AM
#689065   I did not submit w9 for LEHJQ. and Ray_137 05/27/22 12:00:26 AM
#689064   I think we need a very good corporate Ray_137 05/26/22 11:52:03 PM
#689063   It was appox. In year 2016. I actually Ray_137 05/26/22 11:29:17 PM
#689062   Ron, I agree with you 200% that the LuckyPanda 05/26/22 11:22:06 PM
#689061   Many of the BK WMI Institutional Investors Held Class19. ron_66271 05/26/22 11:14:45 PM
#689060   I'm not saying anything illegal happened. I'm just LuckyPanda 05/26/22 10:58:29 PM
#689059   Thank you Ray. Can you tell me LuckyPanda 05/26/22 10:55:50 PM
#689058   Great Discussion, I Have LEHPQ’s Escrows. ron_66271 05/26/22 10:22:03 PM
#689057   " I have a suspicion that it is goodietime 05/26/22 10:08:00 PM
#689056   I'm there too. Bizreader 05/26/22 10:03:16 PM
#689055   LEHJQ IS $25 FV. Lehman preferred. Ray_137 05/26/22 09:55:44 PM
#689054   We need to all focus on why the LuckyPanda 05/26/22 08:57:48 PM
#689052   Yes, and the same Piper / Kevin Barker/ Split T 05/26/22 08:18:38 PM
#689051   Yeah….the check is in the mail…just like the PickStocks 05/26/22 07:44:07 PM
#689050   That's astonishing. I don't recall Willingham saying much austin01 05/26/22 07:01:05 PM
#689049   Novscotia "The use of a liquidating trust structure newflow 05/26/22 06:38:54 PM
#689048   I am aware of non public companies where LuckyPanda 05/26/22 05:34:51 PM
#689044   No pick, Ron’s Source is the February MOR ron_66271 05/26/22 03:35:39 PM
#689043   UPDATED $COOP price targets: Piper Sandler:$71, Wedbush:$60, BTIG:$60 JusticeWillWin 05/26/22 03:16:33 PM
#689042   Not a single institutional investor raised any concerns novascotiaSTS 05/26/22 03:06:14 PM
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