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Boris, I read all of BOP/CSNY posts and she never said there was a payout in late March or early April. That part is 100% not true.
Nd9
It looks like COOP mortgages moving to JPM is normal business.
Read article I posted (I just replied to post with article).
JMHO
ND9
J.P. Morgan Mortgage Trust 2022-LTV1 (US RMBS)
Tue 22 Feb, 2022 - 1:13 PM ET
Fitch Ratings expects to rate the residential mortgage-backed certificates issued by J.P. Morgan Mortgage Trust 2022-LTV1 (JPMMT 2022-LTV1) as indicated above. The certificates are supported by 558 loans with a total balance of approximately $535.2 million as of the cutoff date. The pool consists of prime-quality, high loan to value (LTV) fixed-rate mortgages (FRMs) from various mortgage originators. Servicers in the transaction include United Wholesale Mortgage, LLC, JPMorgan Chase Bank (JPMCB), loanDepot.com. LLC and various others that will provide interim servicing until the April 1, 2022 servicing transfer date. JPMCB will take over the servicing after the servicing transfer date;as such, Fitch considered JPMCB as the servicer for these loans. Nationstar Mortgage LLC (Nationstar) will be the master servicer.
https://www.fitchratings.com/research/structured-finance/jp-morgan-mortgage-trust-2022-ltv1-us-rmbs-22-02-2022
From article, looks like moving some COOP mortgages to JPM Chase is normal business.
J.P. Morgan Mortgage Trust 2022-LTV1 (US RMBS)
Tue 22 Feb, 2022 - 1:13 PM ET
Fitch Ratings expects to rate the residential mortgage-backed certificates issued by J.P. Morgan Mortgage Trust 2022-LTV1 (JPMMT 2022-LTV1) as indicated above. The certificates are supported by 558 loans with a total balance of approximately $535.2 million as of the cutoff date. The pool consists of prime-quality, high loan to value (LTV) fixed-rate mortgages (FRMs) from various mortgage originators. Servicers in the transaction include United Wholesale Mortgage, LLC, JPMorgan Chase Bank (JPMCB), loanDepot.com. LLC and various others that will provide interim servicing until the April 1, 2022 servicing transfer date. JPMCB will take over the servicing after the servicing transfer date;as such, Fitch considered JPMCB as the servicer for these loans. Nationstar Mortgage LLC (Nationstar) will be the master servicer.
https://www.fitchratings.com/research/structured-finance/jp-morgan-mortgage-trust-2022-ltv1-us-rmbs-22-02-2022
ron_66271, was it named that because of Globic Advisors and the type of work they do for trusts, shareholders, institutions, etc?
Thanks
Nd9
Hmmm, but COOP CEO always talks about COOP becoming a $1 Trillion dollar company (or servicing $1T). How does that happen if COOP is moving mortgages to JPM?
ND9
ron_66271, the complaint was signed Sept 2, 2011. I don't know the status.
ND9
ron_66271, yes:
Section 510(b) Claims means any Claim against a Debtor arising from rescission of a purchase or sale of an equity security of the Debtors or an Affiliate of the Debtors for damages arising from the purchase or sale of such an equity security or for reimbursement or contribution allowed under section 502 of the Bankruptcy Code on account of such a Claim.
https://www.lawinsider.com/dictionary/section-510b-claims#:~:text=Section%20510(b)%20Claims%20means%20any%20Claim%20against%20a%20Debtor,under%20section%20502%20of%20the
ron_66271, are you expecting payment soon or maybe an announcement soon leading to May shareholders mtg?
Thanks
Nd9
$1/share of EEENF = market cap of $15B.
AZCowboy, thank you for all your thoughts and all that you do. Now that coop is ~$50/share, I really don’t want to buy any more. There are other better opportunities in market. I just want my escrows paid (cash and coop stock). Hopefully soon.
Nd9
AZCowboy, so are you implying nothing is coming back for preferred? If so, then I ask the same old question as before.. why would underwriters want to be in class 19 if preferred are getting nothing? No way, they know where money is..
Jmho
Nd9
AZCowboy, ~1 month since COOP hit $50. You still think one more month to go?
thanks,
ND9
~ After A Continued Review', A Possibility' ?, and', In My Opinion ?, "COOP"s Common Share "price", Needs To Hit $50.00, and then plus' 60 days', before the WMI Cap Trusts' "Debentures Interest" Withheld, Can Be ? or Will Be "Released" Back To An Original Releasing WMI Common', Now Represented by the DTC Issued ESC Cusip # 939ESC968 ~
Another of the lists largest banks, The Bank of New York Mellon Corporation, saw one of the largest drops on the list, dropping 58 spots from #8 last year to #66 this year with net interest revenue being a major cause, dropping 9% year over year, according to the New York banking giant’s Q3 2021 earnings which were used for this list.
https://www.forbes.com/sites/jasonbisnoff/2022/02/03/americas-best-banks-2022/?sh=130c8db71e8a
Another of the lists largest banks, The Bank of New York Mellon Corporation, saw one of the largest drops on the list, dropping 58 spots from #8 last year to #66 this year with net interest revenue being a major cause, dropping 9% year over year, according to the New York banking giant’s Q3 2021 earnings which were used for this list.
https://www.forbes.com/sites/jasonbisnoff/2022/02/03/americas-best-banks-2022/?sh=130c8db71e8a
A big bank is in trouble, and no one knows which one or why
By Claire Williams
March 10, 2022, 9:00 p.m. EST
WASHINGTON — The Federal Deposit Insurance Corp. likely made a large addition to its problem bank list, experts say, as the agency reported a spike in troubled assets managed by firms in the fourth quarter.
The volume of assets held by banks on the FDIC’s problem bank list — a tally of banks that received poor ratings from regulators — jumped by about $120 billion in the fourth quarter, according to the agency’s fourth- quarter banking profile released last week. That’s more than triple the previous figure of assets under problem banks, and it’s the highest that asset number has been since the third quarter of 2013.
At the same time, the number of banks on that list declined by two, to 44.
********* article continues if you subscribe ******
https://www.americanbanker.com/news/a-big-bank-is-in-trouble-and-no-one-knows-which-one-or-why
Sorry but you have the wrong company.
The problem with EEENF, in my opinion, is the 15B outstanding shares. So if stock price goes up 10 cents, that is already a market cap of $1.5B BILLION.
I am heavily invested in EEENF but also RECON Energy Africa (RECAF). EEENF and RECAF are similar, no debt, small companies, exploration in remote areas, both on land, have drilled a couple of wells and found traces of oil, sitting on potentially, lots of oil....... but in my opinion, the big difference again, is number of outstanding shares. RECON Energy Africa only has ~200M outstanding shares and their price is about $4.50. A year and a half ago, it was like 60 cents.
So was president Kennedy, saying about 60 yrs ago, we would go to the moon..but we did it..
CWG, very interesting. Thanks for posting.
Nd9
3/1/2022: Notice to All Interested Parties of Intent To Terminate Receivership
A Notice by the Federal Deposit Insurance Corporation on 03/01/2022
DOCUMENT DETAILS
Printed version:
PDF
Publication Date:
03/01/2022
Agency:
Federal Deposit Insurance Corporation
Document Type:
Notice
Document Citation:
87 FR 11432
Page:
11432 (1 page)
Document Number:
2022-04205
DOCUMENT DETAILS
DOCUMENT STATISTICS
Page views:
9
as of 03/01/2022 at 8:15 am EST
DOCUMENT STATISTICS
PUBLISHED DOCUMENT
Notice is hereby given that the Federal Deposit Insurance Corporation (FDIC or Receiver) as Receiver for the institution listed below intends to terminate its receivership for said institution.
Expand Table
Notice of Intent To Terminate Receivership
Fund Receivership name City State Date of appointment of receiver
10488 First National Bank Edinburg TX 09/13/2013
The liquidation of the assets for the receivership has been completed. To the extent permitted by available funds and in accordance with law, the Receiver will be making a final dividend payment to proven creditors.
Based upon the foregoing, the Receiver has determined that the continued existence of the receivership will serve no useful purpose. Consequently, notice is given that the receivership shall be terminated, to be effective no sooner than thirty days after the date of this notice. If any person wishes to comment concerning the termination of the receivership, such comment must be made in writing, identify the receivership to which the comment pertains, and sent within thirty days of the date of this notice to: Federal Deposit Insurance Corporation, Division of Resolutions and Receiverships, Attention: Receivership Oversight Department 34.6, 1601 Bryan Street, Dallas, TX 75201.
No comments concerning the termination of this receivership will be considered which are not sent within this time frame.
(Authority: 12 U.S.C. 1819)
Federal Deposit Insurance Corporation.
Dated at Washington, DC, on February 23, 2022.
James P. Sheesley,
Assistant Executive Secretary.
[FR Doc. 2022-04205 Filed 2-28-22; 8:45 am]
BILLING CODE 6714-01-P
https://www.federalregister.gov/documents/2022/03/01/2022-04205/notice-to-all-interested-parties-of-intent-to-terminate-receivership
3/1/2022: Notice to All Interested Parties of Intent To Terminate Receivership
A Notice by the Federal Deposit Insurance Corporation on 03/01/2022
DOCUMENT DETAILS
Printed version:
PDF
Publication Date:
03/01/2022
Agency:
Federal Deposit Insurance Corporation
Document Type:
Notice
Document Citation:
87 FR 11432
Page:
11432 (1 page)
Document Number:
2022-04205
DOCUMENT DETAILS
DOCUMENT STATISTICS
Page views:
9
as of 03/01/2022 at 8:15 am EST
DOCUMENT STATISTICS
PUBLISHED DOCUMENT
Notice is hereby given that the Federal Deposit Insurance Corporation (FDIC or Receiver) as Receiver for the institution listed below intends to terminate its receivership for said institution.
Expand Table
Notice of Intent To Terminate Receivership
Fund Receivership name City State Date of appointment of receiver
10488 First National Bank Edinburg TX 09/13/2013
The liquidation of the assets for the receivership has been completed. To the extent permitted by available funds and in accordance with law, the Receiver will be making a final dividend payment to proven creditors.
Based upon the foregoing, the Receiver has determined that the continued existence of the receivership will serve no useful purpose. Consequently, notice is given that the receivership shall be terminated, to be effective no sooner than thirty days after the date of this notice. If any person wishes to comment concerning the termination of the receivership, such comment must be made in writing, identify the receivership to which the comment pertains, and sent within thirty days of the date of this notice to: Federal Deposit Insurance Corporation, Division of Resolutions and Receiverships, Attention: Receivership Oversight Department 34.6, 1601 Bryan Street, Dallas, TX 75201.
No comments concerning the termination of this receivership will be considered which are not sent within this time frame.
(Authority: 12 U.S.C. 1819)
Federal Deposit Insurance Corporation.
Dated at Washington, DC, on February 23, 2022.
James P. Sheesley,
Assistant Executive Secretary.
[FR Doc. 2022-04205 Filed 2-28-22; 8:45 am]
BILLING CODE 6714-01-
Phttps://www.federalregister.gov/documents/2022/03/01/2022-04205/notice-to-all-interested-parties-of-intent-to-terminate-receivership
Alaska Gov. Dunleavy: Our Oil Is Cleaner Than Russia’s, We Can Supply Ourselves and Allies, ‘If We’re Allowed to’ by Biden
IAN HANCHETT
28 Feb 2022
On Monday’s broadcast of the Fox Business Network’s “Cavuto: Coast to Coast,” Alaska Gov. Mike Dunleavy (R) stated that Alaska is ready to do its part in helping the U.S. reduce its dependence on foreign energy if the Biden administration will allow it to do so and argued that oil from Alaska is better for the environment than oil from Russia.
Dunleavy said, “I think we should do both. I think we should push renewables, and we should push oil and gas. I think they both present great opportunities for this country. And I don’t understand why we aren’t doing that, especially given what’s happening over in Russia. We’ve had the same issue with Iran and others that are not necessarily friendly to the United States. And so, Neil, I’m all for opportunities. I think we should push it. Alaska could do its part. We have billions of barrels of oil still in the ground. We’ve got about 126 trillion cubic feet of gas that we can deliver to our friends in Asia, as well as our west coast. So, we’re prepared and ready to do our part, if this administration allows us to.”
He added, “We still import oil from Russia, which makes no sense to us here in Alaska. You know, the worry by many of the environmentalists is if you drill in Arctic Alaska, you’re somehow going to spoil it. Do people really think if you drill in Arctic Russia, that they are going to have tougher environmental regulations than we are? That’s simply not true. And so, a molecule of oil coming from America is going to be a cleaner molecule of oil than if it’s coming from Russia. And, at the same time, we’re going to supply ourselves and our friends with American oil if we’re allowed to do that. That just makes for better national security, and again, a lower price at the pump.”
Follow Ian Hanchett on Twitter @IanHanchett
https://www.breitbart.com/clips/2022/02/28/alaska-gov-dunleavy-our-oil-is-cleaner-than-russias-we-can-supply-ourselves-and-allies-if-were-allowed-to-by-biden/
JWW, you are wrong. There will be shares issued.
Nd9
88 Energy Limited (ASX:88E) Is About To Turn The Corner
Simply Wall St
Sat, February 26, 2022,
5:04 PM·
3 min read
https://finance.yahoo.com/news/88-energy-limited-asx-88e-230414601.html
Even though galp is operator for block 6, they don’t have the experience and technical knowledge to drill in this deep water. That’s why behind the scenes, kosmos was really leading the drilling operations… now shell.
Nd9
Boris, that phrase (i.e., contrary to expectations), as used in this context, is subjective. Thus, you really don't know who feels the markers are worthless. It could be the custodian, or the brokerage, or "people" as you said, who thinks they are worthless. It is not clear. Oh well, not a big deal, hopefully we'll find out soon.
ND9
Nice, except for the phrase, “contrary to expectations..”
Sounds fishy….
He called his bank? Not his brokerage?
He said he spoke to a “so-called expert” which implies the person he spoke too wasn’t an expert. Then at end, he said he was happy which implies he believed the so called expert..
Never explained how the capitalization was beneficial for legacy shareholders..
AZCowboy, as you said, COOP shares are valuable so let's hope we (i.e., escrow owners) get COOP shares issued to us, and soon!
JMHO
ND9
Oooops, one more week till start of March! Come on Escrows!!
One more week till end of March! Let’s go Escrows!!
Nd9
Monday is Federal Holiday, Stock Market Closed. Friday afternoon would be a great time for some COOP/WMIH news.
ND9
warrants? That better not happen or coop, wmih, trusts, etc are going to be hit with massive lawsuits.
AZCowboy, $50. Whoo Hoo !!!
Thanks,
Nd9
Also unusual in the Paladin charter is that it's a 3-person company, staked with $2M, and run out of somebody's house, north of San Antonio. I just can't believe they would distribute and funnel billions of dollars through a tiny company, that's address is somebody's house. From a business perspective, that doesn't make sense. Look at all the other WAMU subs, you never have seen that. I say that Paladin will never be used in that way.
JMHO
ND9
Annual Meeting of DTCC Shareholders will be held 3/28/2022
The Annual Meeting of Shareholders of The Depository Trust & Clearing Corporation (“DTCC”) will be held on or about March 28, 2022.
*************************
B #: 16212-21
Date: December 16, 2021
To: All Participants
Category: Service Updates
From: General Counsel’s Office
Attention: Managing Partner/Officer/Cashier/Operations Management
Subject: Nominations to the Board of Directors of The Depository Trust & Clearing Corporation
For your information, the attached documents outline the nominations process for the Board of Directors
of The Depository Trust & Clearing Corporation. Please note that these materials have also
been distributed to members of National Securities Clearing Corporation and Fixed Income
Clearing Corporation.
If you have any questions about this Important Notice, please contact Annette Nichols, Corporate
Secretary, at 212-855-1681.
DTCC offers enhanced access to all important notices via a Web-based subscription service.
The notification system leverages RSS Newsfeeds, providing significant benefits including
real-time updates and customizable delivery. To learn more and to set up your own DTCC RSS
alerts, visit http://www.dtcc.com/subscription_form.php. Non-Confidential
DTCC Public (White)
To: Participants of The Depository Trust Company (“DTC”), National Securities Clearing
Corporation (“NSCC”) and Fixed Income Clearing Corporation (“FICC”)
Attention: Chief Executive Officer or Chief Operating Officer
Subject: Nominations to the Board of Directors of The Depository Trust & Clearing Corporation
Date: December 16, 2021
___________________________________________________________________________________________
The Annual Meeting of Shareholders of The Depository Trust & Clearing Corporation (“DTCC”) will be held on
or about March 28, 2022. At that time, the annual election of the Board of Directors of DTCC will take place.
DTCC’s procedure for the annual nomination and election of Directors is set forth in the notice attached to this
letter (the “Nominations Notice”).
The Governance Committee of the Board of Directors of DTCC invites suggestions for participant director
nominees from participants of DTC, NSCC and FICC. The Governance Committee is seeking candidates having
the characteristics specified in the attached Nominations Notice.
Individuals who are nominated and elected to the
Board of DTCC also will be elected to the Boards of DTC, NSCC and FICC.
All suggestions must be received by us no later than January 14, 2022, and should include the title, business address
and biographical information of the individual being recommended. Please send suggestions and related
information to the Governance Committee, c/o Annette Nichols, Corporate Secretary, via email to
corporatesecretary@dtcc.com.
The Governance Committee of the Board of Directors of
DTCC
Gary H. Stern, Chairman
David Goone
Lori Hricik
Raj Mahajan
Andrea Pfenning
James Tabacchi
Susan Yung
55 WATER STREET
NEW YORK, NY 10041-0099
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December 16, 2021
DTCC Public (White)
THE DEPOSITORY TRUST & CLEARING CORPORATION
PROCEDURE FOR THE ANNUAL NOMINATION
AND ELECTION OF THE BOARD OF DIRECTORS
The Governance Committee is appointed by the Board of Directors (the “Board”) of The Depository Trust
& Clearing Corporation (“DTCC”) and is charged with, among other matters, assisting the Board in the
annual nomination and election of directors by identifying individuals qualified to become Board members
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The Board is currently composed of 22 directors:
? 14 directors who represent clearing agency participants, including broker/dealers, custodian and
clearing banks, and investment institutions;
? 2 directors designated by DTCC’s Series A and Series B preferred shareholders (ICE and the
Financial Industry Regulatory Authority);
? 1 management director (the President and Chief Executive Officer);
? 4 non-participant directors1
; and
? the Non-Executive Chairman.
All of the Board members except those designated by the Series A and Series B preferred shareholders
are elected annually.
The Governance Committee considers possible nominations on its own initiative and invites suggestions
from all participants of each of DTCC’s clearing and depository subsidiaries, The Depository Trust
Company (“DTC”), National Securities Clearing Corporation (“NSCC”) and Fixed Income Clearing
Corporation (“FICC”). The Governance Committee may also use a professional director search consultant
to assist in identifying candidates for the non-participant Board positions.
In identifying potential candidates, the Governance Committee will consider the criteria approved by the
Board as itemized below, among other factors. Potential candidates may be asked to complete a
questionnaire eliciting information regarding how their experience aligns with these factors.
For Participant Directors and Non-Participant Directors:
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1 “Non-participant directors” are individuals who are not an officer, employee, or member of the Board of Directors of a
DTC participant or FICC/NSCC member, including Sponsored Members, but excluding Limited Members, as those terms are
defined in the relevant Rulebooks.
December 16, 2021
DTCC Public (White)
(e) management of a business unit or function; (f) finance; (g) audit; (h)
governmental/legislative relationship management; (i) regulatory affairs; (j) compensation
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The Board also strives to ensure diversity of representation among its members. When considering
prospects for possible recommendation to the Board, the Governance Committee reviews available
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For Non-Participant Directors:
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In presenting recommendations for candidates to the Board and in developing its recommendations to the
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Upon the Board’s approval, the Board will propose a slate of director nominees for election at the Annual
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December 16, 2021
DTCC Public (White)
proxy card. Voting will be on a cumulative basis, which permits shareholders with a minority interest an
opportunity to obtain representation on the Board in proportion to their interest in all shares voted
https://www.dtcc.com/-/media/Files/pdf/2021/12/16/16212-21.pdf#:~:text=The%20Annual%20Meeting%20of%20Shareholders,or%20about%20March%2028%2C%202022.&text=Individuals%20who%20are%20nominated%20and,of%20DTC%2C%20NSCC%20and%20FICC.
DTC Participant. A broker, dealer, bank or other financial institution or other Person for whom from time to time DTC effects book-entry transfers and pledges of securities deposited with DTC.
https://www.lawinsider.com/dictionary/dtc-participant