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If you are a Republican this would play exquisitely in the media. If you are a Democrat this is a Nightmare. If you are apolitical, it would still be unbelievable
This would apply to all escrow correct. No more 75/25, that was WMLT correct?
Do you know the total of the notes?
Not in Ameritrade
Not even if you multiply it by 1000
Got about 7 shares per 100000 escrows and some change in TDA
Just hold on and take some air in man. This will be a little while from what i see
Almost sold today. I really meed the cash but have been holding. Waiting for results later in the month, if it does not move the needle then I know this is at their mercy for a while. I just hope I can hold on. Cheers to all in the same boat!
Is it me or is this stuck being kept at $12.50 for some reason or another. I am no genius but I do see the stated book value according to the financial statements. This has not been a one time occurrence, we have been valued at over $18 for about three or four quarters now
I am going to jump out on a limp and request confirmation that this might be an artificial price in order for some conversion or granting of shares. Or what I am afraid of, they might want to take us private and offer us a premium of 18 to 20 and make us think we should be happy
Your thoughts would be appreciated
Keep doing it AZC. For those that expect deposits in their accounts tomorrow, they obviously do not realize that everything has a time, and that time is not here yet. It will be here when it has to, then rewards will be collected. Only then...
I would not donate a penny to that fund even if ir helped her close it. Scam of a hired gun. Very transparent IMO
Very nice target.
Thanks AZ. So i am gathering that they are separate and i should be able to sell if i need to. I will probably wait until EOY 19 and figure it out
Thanks for your reply. I will continue to review
Appreciate your reply. Noted with thanks!
Looking for some validation here. Need to sell my shares. Cash crunch is here. Now, i have been here since the beggining and i dont want to let go of those shares but have to
Question is and i believe the answer is no but seek validation. Do i have to have COOP shares in order to get any possible distributions in the future? Or my uqs on record sufficient?
Only serious replies please. Save the sarcasm if you would do me that courtesy
Value per share at $16.88. Holding well even with $51M charge of MTM
Now that the Receivership closed when does the FDICR get released?
Some posters were talking about this a couple if months ago with COOP taking a big role with the return of the MBS
Let’s see how it will play out
Love it. Made me LOL
Im thinking a little enticement to sell and then shorts cover. They still make their money and we get screwed out of our shares
If this is open to investors I will be there. Dallas is only 4 hours from Houston and this board has a lot of my money and they are not making it grow. A few days before i will ask for any questions we as a board might want to ask and hopefully I will get a chance to bring it up.
Hi LP
Always interested in your posts.
Can you elaborate on this one, my heart rate felt it went up a little...
Thank you from one little guy to another
Thanks for the notes
I guess we wait more
Sorry for the double post
And a $934 deferred tax asset in their balance sheet
Well they do show a 979 tax benefit as the successor. NOL? High possibility IMO
This should be good news for WMIH...
https://www.cnbc.com/2018/08/06/zillow-stock-acquisition-mortgage-lenders-of-america.html
Shares of online home sales site Zillow plunged more than 17 percent Tuesday, on pace for the stock's worst day in nearly seven years, following an after-the-bell earnings report that revealed uncertainty around "several moving parts" within the company.
The stock fell as low as $48.26 in morning trading, putting Zillow on track for its largest single-day loss since Sept. 16, 2011, when it shed 21 percent. At current levels, Tuesday would be the stock's third-worst day since Zillow went public in July 2011.
The company announced disappointing quarterly revenue, lowered full-year guidance based on slower-than-expected growth of a key division, and unveiled plans to acquire a national mortgage lender to assist with home purchases.
"Zillow reported Q2 results that revealed several moving parts," analysts for Canaccord wrote in a note Tuesday. "There are enough dislocations in the quarter to create a period of negative sentiment in the near term."
Revenue from home sales
Zillow reported revenue of $325 million for the second quarter, just shy of Thomson Reuters' consensus estimates of $326 million. Revenue for the quarter a year earlier was about $267 million.
Adjusted earnings for the latest quarter were 13 cents a share, 3 cents a share better than expected and reversing an adjusted loss of 12 cents a share reported for the year-earlier period.
Zillow recently launched a new strategy of buying and selling homes directly to users, expanding its offerings beyond real estate brokers. But the company's quarterly report revealed slower-than expected growth due to delays in home sales.
"Zillow bought 19 homes in 2Q, and we estimate another 30 or so in 3Q, based on public records, but the company has only sold nine homes so far, putting it significantly behind its aggressive sales goals," analysts for Stifel wrote in a note Tuesday. "Management noted the average length of time between sellers accepting offers and the corresponding closing dates has been a month or more, longer than initially forecast, which is delaying the planned ramp-up in the business."
As a result, Zillow lowered its full-year revenue guidance to a range of $1.32 billion to $1.35 billion, down from a previously stated range of $1.43 billion to $1.58 billion.
Taking on a mortgage lender
To supplement the new strategy, Zillow announced Tuesday its plans to acquire Mortgage Lenders of America. Terms of the deal were not disclosed, but Wall Street did not look favorably on the tie-up.
Analysts for Bank of America/Merrill Lynch downgraded the stock Tuesday, warning its move into mortgage lending could hurt profitability next year.
CEO Spencer Rascoff defended the move Tuesday on CNBC's "Squawk Box."
"It allows us to monetize the Zillow Offers business a second way," he said. "First, we can make money from buying and selling. Second, we can make money from mortgage origination. Third, we can make money by passing the homeseller, who doesn't want to sell their home to us, off to a premier agent."
He noted that Zillow's practice of purchasing and selling homes, which can take months, results in delayed revenue. That contributed to the tech real estate company's weak third-quarter guidance, he said.
Shares took a similar beating in April when the company announced the strategy. But Rascoff maintained in May the strategy would pay off.
12.65 million tradeed and no change in price tells me the following:
I am not too clear what is going on, BUT if the big guns are still owners here and this much volume is being traded for a POS stock, then something is certainly up and we do not know what it is, what to do....
Wait it out and watch the PPS stall and drop until they have what they need, I am in no hurry.
All this negative posters and the cheerleader as well, will have to do the same. If you actually own the stock, then this is a risky play for valuation, but that is my choice. This just keeps on giving and I am not missing the wave once it comes.
I posted this yesterday. Perhaps someone can help me understand this. Many thanks for the information
Love it LG. I am having a hard time connecting it to the BS on the link provided. There are 2 reasons why:
1) The BS does not balance. A = L + OE, in this BS it does not, maybe I am missing something
2) There are over 100 M since 12/17, my questions is
A. Is this a corrected BS? I mean had we not seen this before
B. If it is, then how did the value of our investments drop that much in the 1Q 2018? Regular market conditions, the market was down the first half of the year
Now I am hoping you are correct and if so the. We should see more trust producing income being shown in 2Q18
Thanks for the help you provide
Love it LG. I am having a hard time connecting it to the BS on the link provided. There are 2 reasons why:
1) The BS does not balance. A = L + OE, in this BS it does not, maybe I am missing something
2) There are over 100 M since 12/17, my questions is
A. Is this a corrected BS? I mean had we not seen this before
B. If it is, then how did the value of our investments drop that much in the 1Q 2018? Regular market conditions, the market was down the first half of the year
Now I am hoping you are correct and if so the. We should see more trust producing income being shown in 2Q18
Thanks for the help you provide
There were several actions similar to this one by other “ambulance chasers” right after the merger
Go all the way to the last column on your right
Mine is showing asset but i believe it has always been like that as I do not see a change in my printed statements. Escrow is where it always has been
Unless Condor did not release, I guess that would make him have old shares, wouldn’t it?
I do not have any wamuq shares letfover. They were all cancelled with the BK. Not sure why you would get that. Now, if they took my markers...that is another story
Yesterday It was about 600k In the last 15 minutes
I was asking about this a couple of days back, I just do not know or understand if we are going to get distribution. And I guess the major question is who is getting a distribution, is it a marker owner and if so is there a particular tranche or is it a WMIH owner
Someone else maybe?
Last week an announcement came out about a Distribution of $600M+. I never did understand if that will benefit everyone of only certain tranches. Or does it not touch us in any way? Thoughts are welcome
You know I was thinking about that as well, but the way I figure that is that those CUSIP Number are for the identification of the mortgage fund and our numbers are for The identification of our future claims. At least that’s how I reasoned it
The letter states Initial Distribution of settlement proceeds which leads me to believe that it is a dividend and there is more to come. How much. Requires a little bit more work and knowledge
So is the value of WMIiC, assuming it is Eclipse, $2.75B or is it like a Down Payment and the rest shares? Working on a phone here. Real hard to read. Not that i am that smart anyway