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Mr. Cooper Group, Inc. (COOP)

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Last Post: 1/22/2019 2:44:26 PM - Followers: 1625 - Board type: Free - Posts Today: 98


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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: Initial Statement of Beneficial Ownership (3) 01/10/2019 04:40:24 PM
COOP News: Mr. Cooper Group Names New Head of Investor Relations 01/08/2019 04:49:00 PM
COOP News: Mr. Cooper Group Announces $48 Billion Servicing Transaction 01/03/2019 04:15:00 PM
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
PlusOneCoin Top Posts
#555387   74,000,000(depository shares) x $24 = 1.8 Billion oops Royal Dude 01/17/19 11:24:09 AM
#555384   Waiting a long time for this IMO Royal Dude 01/17/19 11:04:28 AM
#551470  Sticky Note House of cards! Are the underwriters quadruple dipping? Dmdmd2020 12/18/18 09:53:56 AM
#397110  Sticky Note WaMu Seesaws On M&A Speculation fsshon 03/24/14 04:17:07 PM
#555939   Coop doesn’t trade options yet, but didn’t Nationstar? footballref-8541 01/22/19 02:44:26 PM
#555938   Old Nationstar options converted to COOP options I JusticeWillWin 01/22/19 02:43:29 PM
#555937   coop doesnt trade options yet tho seamus3500 01/22/19 02:36:49 PM
#555936   On Fidelity news alert waytogoman 01/22/19 02:35:12 PM
#555935   Royal Dude Member Level Thursday, 11/08/18 Royal Dude 01/22/19 02:29:21 PM
#555934   AZ, Would you say more about the reasons Tacoma WA 01/22/19 01:53:23 PM
#555933   Funny thing AZ, I just got a Trader Juschilln 01/22/19 01:36:15 PM
#555932   Go ask the FDIC for your $151B...plank! hotmeat 01/22/19 01:35:54 PM
#555930   "Copied and pasted" facts and documents vs opinionated hotmeat 01/22/19 01:33:29 PM
#555929   The 'Late' EC Filings, ron_66271 01/22/19 01:32:26 PM
#555926   where is it a must that Rosen must wcheng 01/22/19 01:28:03 PM
#555923   You said we hear something before 2/1/2019, did wamugold 01/22/19 01:20:48 PM
#555922   I get it, can't wait for LEH to BBANBOB 01/22/19 01:20:07 PM
#555921   BBob, You Got Treble. ron_66271 01/22/19 01:18:49 PM
#555920   Mad YGM BBANBOB 01/22/19 01:17:50 PM
#555919   Again presented to us today Royal Dude 01/22/19 01:16:41 PM
#555918   $8+$8+$8='s 24 THREE GOLDEN BRICKS!!!!!!!!!!!!!! BBANBOB 01/22/19 01:13:03 PM
#555917   ~ That’s Right’, B Rosen Began the Ending AZCowboy 01/22/19 01:08:51 PM
#555916   TO: dmdmd2020 & az cowboy cattop 01/22/19 01:07:51 PM
#555915   It's completely useless to explain anything to Z...all hotmeat 01/22/19 01:03:18 PM
#555914   Yes, The Timing Delay Mechanism, ron_66271 01/22/19 01:02:32 PM
#555913   ~ And A “Restructuring”, Timing Delay Mechanism’, Purposely AZCowboy 01/22/19 12:55:17 PM
#555912   $299 Billion for "WMB and it's Assets". ron_66271 01/22/19 12:51:46 PM
#555911   Good morning Bbanbob, you’ve mentioned this nitwhit play MadBadger 01/22/19 12:51:13 PM
#555910   Tree, Tree, Tree. ron_66271 01/22/19 12:45:26 PM
#555909   Thanks again for your DD! distrojunky 01/22/19 12:45:21 PM
#555908   This will imho linger on for a while BBANBOB 01/22/19 12:44:51 PM
#555907   I got my buy order in at 14.17, lodas 01/22/19 12:41:41 PM
#555906   I got 400 additional chairs with my nitwhit BBANBOB 01/22/19 12:41:00 PM
#555905   ~ Good Luck With All That’, I Obviously AZCowboy 01/22/19 12:36:13 PM
#555904   very fair and reasonable IMO :) Royal Dude 01/22/19 12:35:46 PM
#555903   The Big Rally Monkey is about to raise Royal Dude 01/22/19 12:34:37 PM
#555902   Even those numbers would be sweet!!!!!!!!!!!!!!!! BBANBOB 01/22/19 12:33:04 PM
#555901   IMHO JOINED AT THE HIPS like Siamese twins BBANBOB 01/22/19 12:32:10 PM
#555900   True seamus3500, I did not include annual compounded Dmdmd2020 01/22/19 12:31:46 PM
#555899   Still believe we are them :) Royal Dude 01/22/19 12:29:40 PM
#555898   ROYAL And remember we were RIGHT BEHIND them, time BBANBOB 01/22/19 12:28:02 PM
#555897   Goodie, https://www.alvarezandmarsal.com/our-people/bill-kosturos MadBadger 01/22/19 12:15:21 PM
#555896   DMD 46 Bil seems F&R thanks for your DD Royal Dude 01/22/19 12:12:12 PM
#555895   See post 454044 & 45 from 2016 about fwh3334zeke 01/22/19 12:08:18 PM
#555894   The assets ($45.8 billion) under line item “Available Dmdmd2020 01/22/19 12:07:53 PM
#555893   a lot of interest!!! tony_t 01/22/19 12:06:06 PM
#555891   Is this a change is opinion from your footballref-8541 01/22/19 12:02:44 PM
#555890   plus interest seamus3500 01/22/19 12:01:30 PM
#555889   Per The Congressional Subcommittee report as of April Dmdmd2020 01/22/19 11:55:54 AM
#555888   some of you guys are really laying it seamus3500 01/22/19 11:54:33 AM
#555887   Thanks mad! Makes sense. tzebedee 01/22/19 11:50:52 AM
#555886   Unfortunately your stuck with you own opinion. Makes tzebedee 01/22/19 11:49:43 AM
#555885   Your info is right on! Lol Not tzebedee 01/22/19 11:46:24 AM