is I like stocks
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“yada, yada, yada, yawwwnnnnnnn.......this post and 5 dollars will get you a cup of joe at Starbucks...old stuff, hashed, rehashed into inedible fodder......Lodas”
Around n around we go, I posted this on BP.
Quote from: T1215s on February 10, 2023, 04:58:20 PM
“I’m getting that ole TPG feeling again ??”
GoGooooooCOOP
GLTA-Ts
————————————.
Yesterday Feb.11, at 07:45:52 PM »
Well, well, well , hard to believe when you got time on ur hands AND ON A WINTER DIET LOL
MR MICHAEL O’HANLON ,how do you do hmmmm?
Chairman
Roosevelt Management Company
Dec 2010 - Present12 years 3 months
New York, NY
Chairman
Rushmore Loan Management Services LLC
Dec 2010 - Present12 years 3 months
Irvine, CA
Senior Advisor
Sixth Street Partners
Oct 2008 - Present14 years 5 months
New York, NY
TPG
Senior Advisor
Oct 2008 - Present14 years 5 months
New York, United States
TPG Capital LP investment in Roosevelt Management Co LLC
https://kando.tech/company/roosevelt-management-co-llc/funding/tpg-capital-lp-investment-roosevelt-management-co-llc
————————
Sixth Street was formed as a strategic partnership with TPG, which initially made $2 billion of their fund commitments available for investment by the Sixth Street team. While TPG had a minority stake in Sixth Street, the firms operated autonomously.
—————————
TPG and Sixth Street Partners Announce Completion of Agreement to Become Independent, Unaffiliated Businesses Mutual decision follows successful 11-year partnership
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GoGooooooCOOP
GLTA-we might need it -Ts
People I wouldn’t get to excited about Mount Rushmore’s hitch just yet
Select Portfolio Servicing Inc. (SPS) has struck a deal to acquire certain assets of Texas-based Rushmore Loan Management Services LLC. Rushmore also has a property management division through its subsidiary Dakota Asset Services.
This is the settlement website for the class action lawsuit known as Fernandez v. Rushmore Loan Management Services LLC, pending in the U.S. District Court, Central District of California
A $1,645,840.00 settlement has been reached in a class action lawsuit alleging that Rushmore charged borrowers convenience fees to make mortgage payments by phone. The Action asserts that Rushmore’s practice of charging such fees, among other things, violated the Fair Debt Collection Practices Act and the Rosenthal Fair Debt Collection Practices Act, and breached the terms of the borrowers’ loan agreements. Rushmore denies the allegations asserted in the Action.
Rushmore was named a Fannie Mae Servicer Total Achievement and Rewards™ (STAR™) Performer for 2020 by Fannie Mae in recognition of Rushmore's outstanding performance in the General Servicing category
Rushmore Mortgage is a debt collector. They have a debt collection department that operates throughout the United States and Puerto Rico. A debt collection company buys existing debt for a fraction of its total value and then resumes responsibility for collecting payment..
Roosevelt Management Company, last week shuttered its correspondent channel business and laid off its staffers. According to data from mortgage software firm Modex, the company has originated about $822,000 in mortgage loans through August.Sep 19, 2022
————————-
Let time take its course to truly get excited IMO.
It s possibly cutting the fat was part of the deal
GoGooooooCOOP
GLTA-Ts
jhd
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171182314
It’s this darn winter diet and the extra workouts lol
GOGOOOOOOCOOP
GLTA-Ts
DB4D hehehe tru dat, lol ok, ok ya got me , THE NEXT trading session should be interesting imo.
It must be my annual winter diet and the workouts
GoGooooooCOOP
GLTA-Ts
Looks like a great day in the Neighborhood.on COOP Ave. I believe tomorrow afternoon just might be interesting in ref to the ppsssssss
wayto, I really could careless what ole cactus says, does, it does not effect me whatsoever, I asked to show the thread, imo it’s just nonsense and he might need the attention which is why he spins things instead of just reply to the point without the nonsense,
I’m done with this topic, as for him ,well he’s good for a laugh now and then
GoGooooooCOOP
GLTA-Ts
AZ I DID NOT AS YOU for ur acct history , just one (1) share pps
But of course the spin appeared I’ve read enuff bye,bye lololol
There you have it people enuff said on the issue IMHO or IFFEN
HAVE A GREAT DAY
GoGooooooCOOP
GLTA-Ts
JWW , I believe you should go back and reread his posts, starting from the beginning of the month
Oh and no apology necessary
GoGooooooCOOP
GLTA-Ts
AZ PLEASE EXCUSE MY LOW GRADE MENTALITY, PLEASE REPLY BACK TO ME IN DOLLARS AND CENTS you supposedly received recently Where I can understand it clearly TIA
GOGOOOOOOCOOP
GLTA.Ts
AZ How much did you supposedly received for 1 common share, easy question with no bull. Please remember you open the door.TIA.
GOGOOOOOOCOOP
GLTA-Ts
Good morning people, sillyinvestor this isssss true this paper trades in the Bizarro world for sure, when a stock goes/trades sideways without news in most cases it’s waiting for the down elevator but shet happens in Bizarro land lol
GoGooooooCOOP
GLTA-Ts
I guess some people don’t get the part about “I’m still good, of course it can always be better “
Well that’s their prob
Have a great evening people
GoGooooooCOOP
GLTA-Ts
Jhd, Well as you know, I have an open door policy when it comes to this paper COOP for years , it falls to a Plato where I’m comfortable (40.05/6/7/8/9 and sometimes a bit higher when I’m feeling risky lol
and when it runs up to +10%+I sell and bank the shs ,I will hold the banked shs to the high 50,s or end of year and will cash in Thats my story and sticking to it, never fall in love with a stock IMHO
GOGOOOOOOCOOP
GLTA-Ts
So even with the possible Low earning projection today, COOP only down .16 EOD. so tomorrow should be interesting , after the report should COOP go down say to the 40+ I’m good, should it go up I’m good
ITS ALLLLLL GOOD,n let escrow be what it will either way I’m still good, of course it can always be better
GOGOOOOOOCOOP
GLTA-Ts
Good morning people, Look I kid with/about ole Cactus but! EX. Today I got $1./2//5.00 per share of common in my Wells Fargo acct. no one is asking how many common shs he’s got, just what per , You thank or heck him ur bizz as for me NBD.IFFEN.EOS last time
I’ll go with GOGOOOOCOOP for now
GLTA-Ts
~ "COOP" Is The "Tell" ~ ~ "Wells Fargo" Is The "Tell" ~ heheheh
Complements of Pliss FROM BP.
GoGooooooCOOP
GLTA-Ts
Freddie Huh? A div I’m not getting WTF. lolololol
GoGooooooCOOP
GLTA-Ts
Good morning people OT: The Rothschild family is planning to take its eponymous French bank private in a deal that values it about €3.7 billion ($4 billion), ending decades of public ownership for one of the most storied names
February 6, 2023 at 3:57 AM ESTUpdated onFebruary 6, 2023 at 5:45 AM EST
After decades in public markets, the Rothschild dynasty — one of the most storied names in banking — has decided its flagship bank is best in private hands.
Rothschild & Co., whose predecessors helped finance the Duke of Wellington’s victory over Napoleon in 1815 at the battle of Waterloo, announced Monday that its main shareholder plans a tender offer valuing the firm at about €3.7 billion ($4 billion).
The move, at a time when many rivals are going the opposite route, would end public ownership of a firm that in one form or another has been listed since 1838, according to a spokeswoman. It marks a further step in the family’s efforts cement control, after a 2012 reorganization effectively brought the French and British businesses under one roof and simplified the organization structure.
The Paris-based firm generates the majority of its revenue from providing financial advisory, though it also has a wealth and asset management unit as well as merchant banking business. Led by Alexandre de Rothschild since 2018, the bank has been expanding in the US and managed to sidestep much of the slump in the market for deal advisory, ranking 6th by the number of mergers and acquisitions last year.
None of the businesses of the group needs access to capital from the public equity markets,” Concordia, a holding company for the family, said in a statement. “Furthermore, each of the businesses is better assessed on the basis of their long-term performance rather than short-term earnings. This makes private ownership of the group more appropriate than a public listing.
Concordia said it expects to offer €48 a share, a premium of 19% over the closing price on Friday. Concordia already owns 38.9% of the firm’s shares and 47.5% of the voting rights. Rothschild’s shares rose 17% to €47 at 3:38 p.m. in Paris trading.
The going-private plan comes three months after Evelyn de Rothschild, the former head of the British arm of the banking group, died at age 91. Evelyn and his cousin David de Rothschild, who oversaw the French arm, united the two branches in a move that was seen as a key step in remaining competitive. David took managerial control of the U.K. side of the business in 2004 after his cousin Evelyn retired.
Under his leadership and that of his son, the center of power at the lender moved further to Paris. David de Rothschild’s side of the family has 39.42% of Concordia’s voting rights, while his cousin Eric de Rothschild’s has 55.6%, according to Rothschild’s annual report.
Concordia said it’s currently in advanced negotiations with investors and banks to finalize the financing of the deal. If the talks are successful, it intends to file its offer by the end of the first half of 2023.
Rothschild & Co. said it plans to offer a €1.4 dividend to shareholders at its next annual general meeting on May 25. The firm will also propose a €8 exceptional dividend, should Concordia decide to file its offer. The price of the offer would be adjusted downwards by those amounts.
The Rothschild firm was founded by Mayer Amschel, who started out buying and selling old coins in a Frankfurt ghetto. In the early 1800s, he sent his five sons to establish bases of Rothschild in London, Paris, Naples, Vienna and Frankfurt.
The Rothschild name has been the center of dispute between branches of the family for years. In 2018, the firm settled a long-running disagreement with wealth manager Edmond de Rothschild (Suisse) SA, which is managed by a different branch of the family, over the use of the name. As part of that deal, the two companies agreed to unwind their cross-shareholdings.
GoGooooooCOOP
GLTA-Ts
PAC
Total Offering Amount $2,400,000 USD
Total Amount Sold $1,885,000 USD
Total Remaining to be Sold $515,000 USD
Hmmmmm?
GoGooooooCOOP
GLTA-Ts
Good morning people, Well I see ole Cactus stirring the pot is still on going, look it’s still very simple if he really had want to help with info to alllllll here , EX. Today I got $1./2//5.00 per share of common in my Wells Fargo acct EOS.
Good morning people, I see the topic hasn’t changed about a certain poster remarks and it was probably meant that way just to watch your reactions while he laughs OR I-could be wrong ,but doubt it , So go ahead and make ole cactus laugh for a few more days or a week
GoGooooooCOOP
GLTA-Ts
Good morning.people; mypenneys can anyone truly believe that monies from whomever will just appear in any financial acct that will not explain from which in name/code it arrived from IFFEN, come on, said poster I hope is not playing with the riddle me this Batman GAME or BAIT N SWITCH,do you really believe said poster does not know where the so called enrichment came from, hmmm? Simply put, I just got some $ from class or from etc, etc, etc it’s not that hard nor Joe’s Corvette paper thangggg either lol
Then he’s got some waterfront property In Arizona for you
I hope for the better though
GoGooooooCOOP
GLTA-Ts
Hi BD, Heck, party like it’s 1999 lol , look in-house thanggggs is always faster of course, but be careful people with high hopes, shet has away of turning to shet around here, or I didn’t mean it that way or blah, blah, blah ,If the case is so you will know shortly either way GLTA
I hope ole cactus is correct cuzzzzz there’s no turning back on this
GoGooooooCOOP
Ts
Hi jhd well everyone knows 25% is a lock, but the market rise IFFEN will be just a head fake imo, more to follow for another 6-9 mos
Tomorrow will be very interesting , I believe new morg app is due his week also
GoGooooooCOOP
GLTA-T
Good morning people, This will be an interesting week for all investors, a lot of companies reporting this week, I believe Tuesday especially, Weds for Morg applications ,as for the unemployment well let see when the techs layoff numbers take effect and the next 25% increase along with increased price of goods, let alone the rise oil/gas prices when the norm for gas should be declining this time of year imo there will be at least another two increases before end of 23 , but hey I own COOP SHS till then(56/7 and my Fi’s I believe(hope lol) have nowhere else to go but up, AIMHO
INFLATION,RECESSION NNNNN YOU KNOW WHO, FORGET THE HAIL TO IMHOA
GOGOOOOOCOOP
GLTA-Ts
Ron: Ok it matters to YOU, but I care about COOP$$$, now
what I do care about issss IFFEN! Where,who, how much, when IFFEN ? The rest issss Just repetitive noise
AKA.
Good morning people, Rassillon REALLY! lol. Should’t couldn't wouldn't.
Glass houses, glass houses, then again I guess you were just razzing me But! Thanxs any which way hehehe
GoGooooooCOOP
GLTA-Ts
I could care less who helped who, who paid who, who had lunch with who and who sat where ? bickering allll over again,what I do care about issss IFFEN! Where,who, how much, when IFFEN ? The rest issss Just repetitive noise
AKA.
jhd I’ll take 56-7 this year , busy Saturday on the site
GoCoop GLTA-Ts
by admin | Sep 20, 2021 | Press Releases
Mr. Cooper Group Inc. (“Mr. Cooper” or “the Company”) announced today that it has entered into a definitive agreement to sell its Xome Field Services unit to
Grant you the deal fell through for whatever reason, but they state it’s theirs in print??
August 2, 2018, 12:37 pm By
Xome, a HousingWire Tech 100 winner and wholly-owned subsidiary of WMIH Corp., the parent company of the Nationstar Mortgage Holdings family, announced Thursday its acquisition of Assurant Mortgage Solutions.
Before the COOPssss lol
GoGooooooCOOP
GLTA-Ts
jhd All anyone has t do is study the COOP history of the PPS. it’s not rocket science and some longs here should have been taking it to the bank over the years instead waiting at the bus stop all this time for the asset express bus route that might have been canceled and they missed the local COOP bus route that always makes the stops for pick up all these years , I just don’t get it, sure the home run is great and wins once in awhile, but on base % wins more games in the long run
GoGooooooCOOP the gift that keeps on giving
Have a great day people GLTA-Ts
Good morning people, Strike , I believe BJ got a mil shs for the deal they/we made for NSM.I don’t blame no one for selling shs , what is he going to do with them ,wallpaper his bathroom with them, especially since they get more shs every year hehehe, heck I would. On another note of the COOP share pps. I rand an analyst a short while ago of this and consensus was 56.pps. For this year, which is why I’m holding for this year until and then will liquidate all and possibly start over once again collecting shs/ freebies depending on the pps , if not good profit isssss profit the name of the game and as it should be
GoGooooooCOOP
GLTA-Ts
Well not much going on in the markets today , COOP seems to be holding its own, ,but as I read here Ole Cactus made a funny today with his Loud asses name lol good one , but I would stay clear while these two go at it hehehe
It just might be a marathon of words Now we have dis n dat and no doe ray me from wherever whomever whatever markers went to
GoGooooooCOOP
Have a great day people
GLTA-Ts
Good morning people ,HUH!
“actually, the GSA let WMI keep 6.9 billion of THEIR OWN MONEY OUT OF SYMPATHY FOR THEM”.
datzzzzz funny, Could someone plezzze tell me what bizzzz is this cuzzzz I wanna get some 6.9B SYMPATHY, IFFEN things should go bad lol
YEAH RIGHT, THATS THE TICKET
GOGOOOOOOCOOP
GLTA-Ts
Kev. 15.2 x Float = my reply to you before this one
I’m done on the topic
GoGooooooCOOP
GLTA-Ts
Hi Kevin, you might want to read this
OWNER NAME. …..DATE. SHARES HELD.
BLACKROCK INC. 09/30/2022 10,729,934
Sole power to vote or to direct the vote
10,544,135
Shared power to vote or to direct the vote
10,694,699
Ts
Good morning people OT: FYI. A little lite reading : The top 20 hedge fund firms collectively generated $22.4 billion in profit after fees, according to estimates by LCH Investments, a fund of hedge funds. But it’s a different story outside the industry giants, with hedge funds overall losing $208 billion last year as many managers found themselves on the wrong side of global market turmoil.
I posted this because WMIH.COOP was involved with one
GoGooooooCOOP
GLTA-Ts
Mr. Cooper Group Inc. to Discuss Fourth Quarter 2022 Financial Results on February 10, 2023
Company Release - 1/20/2023 6:10 PM ET
DALLAS--(BUSINESS WIRE)-- Mr. Cooper Group Inc. (NASDAQ: COOP) will discuss its financial results for the fourth quarter 2022 on Friday, February 10, 2023 at 10:00 A.M. Eastern Time. A copy of the press release and investor presentation will be posted prior to the call under the investors section on Mr. Cooper Group’s website, www.mrcoopergroup.com. Pre-registration for the call is now open by following the registration link here. Participants will receive a toll-free dial-in number and a unique registrant ID to be used for immediate call access. A simultaneous audio webcast of the conference call will be available under the investors section on www.mrcoopergroup.com.
A replay of the audio webcast will also be available approximately two hours after the conclusion of the conference call under the investors section on www.mrcoopergroup.com. The replay will be accessible through February 24, 2022.
Conference Call:
February 10, 2023 at 10:00 A.M. Eastern Time
Pre-registration:
Registration Link
Live Webcast/Replay:
Investors section of www.mrcoopergroup.com
Something to ponder, Why the Fed Is Bankrupt and Why That Means More Inflation ,Jan 19,2023
https://www.gold-eagle.com/article/why-fed-bankrupt-and-why-means-more-inflation
(Charts inserted onsite above)
In 2011, the Federal Reserve invented new accounting methods for itself so that it could never legally go bankrupt. As explained by Robert Murphy, the Federal Reserve redefined its losses so as to ensure its balance sheet never shows insolvency. As Bank of America’s Priya Misra put it at the time:
As a result, any future losses the Fed may incur will now show up as a negative liability (negative interest due to Treasury) as opposed to a reduction in Fed capital, thereby making a negative capital situation technically impossible.
That was twelve years ago, and it was all academic at the time. But in 2023, the Fed really is insolvent, although its fake post-2011 account doesn’t show this. Nevertheless, the reality is that the Fed’s assets are losing value at the same time that the Fed is paying out more in interest than it is making in interest income.
This became clear last week, when the Fed released a new report showing that its interest payments on bank reserves skyrocketed in 2022. The press release states:
Total interest expense of $102.4 billion increased $96.6 billion from 2021 total interest expense of $5.7 billion; of the increase in interest expense, $55.1 billion pertained to interest expense on Reserve Balances held by depository institutions and $41.5 billion related to interest on securities sold under agreements to repurchase.
For the year overall, the Fed still managed to achieve a positive net income, thanks to positive inflows in the first half of the year. But since September, as Reuters notes, the Fed began recording what’s called a deferred asset, which tallies up the Fed’s loss; the deferred asset stood at $18.8 billion at the end of the year.
The “deferred asset” phrase basically means “losing money” in Fedspeak: the Fed is supposed to make remittances to the US Treasury out of its surplus, but when it has no surplus, the Fed “defers” its payments. We can see how these remittances plummeted into negative territory beginning in September:
The trend of falling remittances is unlikely to reverse in 2023, unless the Fed takes a very dovish turn and forces interest rates down again. What is more likely is that the Fed will hold rates flat or only slightly reduce them. In either case, the Fed will have to keep paying out more in interest than it makes in income.
Why Is the Fed Insolvent Now?
A sizable part of the reason that the Fed has become insolvent in recent months (and almost certainly will be in 2023 overall) stems from the fact that since 2008, the Fed has bought up trillions of dollars in Treasury debt and mortgage-backed securities (MBSs). The Fed has done this to prop up the prices of real estate and government bonds (i.e., to subsidize Wall Street, banks, and the real estate industry.)
Yet it bought these fixed-rate assets when interest rates were very low, and most of those assets have a maturity of over a year. That means that even as interest rates have risen in the past year, the Fed’s income from these assets has not risen sizably. Yet the Fed is also paying banks interest on reserves and reverse repos. That interest rate is not fixed and changes rapidly. So although total reserves at the Fed have fallen by 25 percent in recent months, that won’t bring interest payments down to 2021 levels because interest rates have increased 4,300 percent, from 0.1 percent to 4.4 percent.
The end result? The Fed is now paying out more interest to banks than it earns in income from the MBSs and government bonds that it holds in its portfolio. Thus, as we saw in the Fed’s Friday release, outflows in interest payments have surged but income has not, and the Fed is now forced to defer its promised payments to the Treasury.
Another complicating factor driving the Fed deeper into the red is the fact that its portfolio is also losing value.
(The key to understanding how this becomes a problem is to remember that bond prices move in the opposite direction of interest rates. So, as newly issued bonds’ interest rates [i.e., yields] move up, the prices of existing bonds move down.)
As interest rates have moved up in the past year, the value of the Fed’s MBSs and Treasury debt has fallen. So now the Fed also has less capital. Thanks to Enron-like accounting, however, the Fed’s bankruptcy is legally just a matter of “deferred assets,” so it’s not a legal problem for the Fed.
Nonetheless, that the Fed’s losses are likely to mount further and require a bailout can be seen in the fact that we’ve seen this sort of problem before. As noted by Alex Pollock in a 2022 lecture at the Mises Institute, the Fed has put itself in a situation similar to the one that sank the savings and loans in the early 1990s. Like the S and Ls, the Fed “invested” in large amounts of long-term debt at low fixed interest rates. But then interest rates went up. The fixed-rate interest income stayed largely the same, but interest payment obligations increased sizably. That’s where the Fed is now.
For a normal financial institution, this situation leads to bankruptcy. But the Fed will bail itself out by printing money. In the end, that means price inflation, either in assets like stocks and real estate or in consumer goods like eggs and auto parts. Ordinary people will see their cost of living go up and their real wages fall, and they’ll get poorer. Through it all, though, the Fed and the regime itself will benefit. As the Fed has been careful to say in recent days, its de facto bankruptcy does not impede its ability to carry out its usual inflationary monetary policy. Never fear—because the Fed can create its own income at will via monetary inflation, the regime will continue to benefit from the Fed’s usual tricks. The regime will be able to run higher deficits, spending on “free” benefits for the voters and on corporate welfare for the politically powerful. It’s all a great scam for the parasitical class. For the productive classes? Not so much.
GoGooooooCOOP
Have a great weekend
GLTA-Ts