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U.S. Mortgage Applications Crash to Near-30-Year Low
https://www.breitbart.com/economy/2023/08/24/rental-nation-u-s-mortgage-applications-crash-to-near-30-year-low/
Mortgage rates also at 21 yr high
Mortgage Banking Association said on wed that mortgage application have hit 30 yr low…
I believe they both have already started, months ago, and I thought sept 1 was final completion date but I could be wrong..
I will find emails and check..
Yes, both sent me emails..
On sept 1, my E*Trade acct transfers to Morgan Stanley and my Ameritrade acct transfers to Schwab.
So if you believe Morgan Stanley and Schwab bought etrd and amtd to get the wamu legacy holder accts, then maybe this is another critical milestone, leading up to us getting paid..
Just hoping and praying out loud.
Nd9
Google, facebook, etc, control what they want people to see.. haven’t you been following all the news associated with big tech and doj/fbi, and all the corruption associated with trump and election…. same thing here.. google just writes an algorithm to limit the wamu searches..
… and yet here you are.
In July 2023, jpm said they expected recession at end of this yr. Now Aug 2023, they say they dont expect one.. geeeez
It isn’t the Boards money. They don’t risk anything buying stock back.. individual investors risk their hard earned money.. there is a difference..
Erhc website working again..
Nd9
Nhtrader, thanks for the article... well the BilzinSemberg website lists their services and they include restructuring and bankruptcy (along with cases)…. Sounds like they believe fdic sept SOL is legit. Based on their experience, they would know..
Nd9
AZCowboy, awesome news. Thank you soooo much. Bless you, for all you have done, along with all the other legacy holders who have had to suffer through this 15 year ordeal.
Nd9
AZCowboy, if I understand correctly, you are saying Plan7 paid the creditors, now if average coop price can maintain$50, the debt structure can be released and maybe those common and preferred legacy holders who released, might get a distribution soon? Please tell me I got that right?
Thanks!
Nd9
Nationstar.. just like I said.. thanks Royal Dude.
Nd9
Note Nationstar clause….
Interesting how these filings are not consistent and sometimes use different terminologies.. in the post I am responding to, clearly, Nationstar is also a “msr purchaser.”
Nd9
Large Green, thanks for sharing your observations. That was an interesting hypothesis and made sense (realizing it didn't actually happen).
Thanks again,
ND9
Hmmm, notice the clause below... Nationstar is the only one in SEC filing actually called "purchaser." Mr Cooper is called "company," and Mr Cooper is called the "company." Heisman Merger Sub, Inc is called "acquisition sub."
Item 8.01.
Other Events.
On May 10, 2023, Nationstar Mortgage LLC, a Delaware limited liability company and the Company’s operating subsidiary (“MSR Purchaser”), and, solely for the purposes set forth therein, the Company, entered into an Agreement for the Bulk Purchase and Sale of Mortgage Servicing Rights (the “MSR Purchase Agreement”) with Home Point Financial Corporation, a New Jersey corporation and a wholly owned subsidiary of Home Point (“MSR Seller”).
“Mr cooper and purchaser”…. So who is the “purchaser?”
Nd9
Large Green, today is 4th business day (after Friday 7/21).. maybe later you can share something with us please.
Thanks,
Nd9
The next 5-10 yrs… Crazy talk..
Thanks AZCowboy and Boarddork!! Let’s hope the momentum continues and preferred and common legacy holders get paid soon !!!
ND9
Boris, earlier today, you were fighting to prove that CSNY agreed with you on statue of limitations and we will get paid.. now you say if you aren’t right, then it’s over..
So I guess in summary, you are saying we may or may not get paid.. all of your drama today for that? Tell us something we don’t know.. duh.. I think if I go back and research your posts, which I won’t do, you’ve done this crap before..
Nd9
Boris, earlier today, you were fighting to prove that CSNY agreed with you on statue of limitations and we will get paid.. now you say if you aren’t right, then it’s over..
So I guess in summary, you are saying we may or may not get paid.. all of your drama today for that? Tell us something we don’t know.. duh.. I think if I go back and research your posts, which I won’t do, you’ve done this crap before..
Nd9
Sadol also means “to coax”
"..... let it go, it's over ........ and yet here you are, with the other naysayers, day after day, week after week, and year after year, telling us it's over... I guess you don't have anything better to do or maybe, you have a different agenda.... hmmm
COOP, jpm, Morgan Stanley, and Schwab stock all trending up over last month.
Thanks AZCowboy !!!!!
Nd9
Large Green, yes, thanks, I remember, but I am still hoping and praying for today! Please be right! Lol..
Nd9
7/21 !!!!!!
CNBC headline: June home sales drop to slowest pace in 14 yrs.
Krombacher, well, I hope you are correct but based on my experience, nobody will ever pay $3B dollars for erhc because theie acreage rights are all unproven, and the few wells that were drilled were not commercial. Nobody will pay billions of dollars for unproven acreage and if you are TotalEnergies and Shell, there is no rush.. they just found billions of barrels offshore Namibia.. they can just wait on SEO to decide if wants to die first, or take a reasonable buy-out offer..
Again, I hope you are correct but in my opinion, at this point in time, impossible.
Nd9
Krombacher,
Just some simple, rough math (& rounding off to make the numbers easier). ERHC Energy has ~3 billion shares. Let's say TotalEnergies bought all of ERHC's rights, to JDZ and EEZ for $300M. So ERHC would get $0.10/share.
Today, TotalEnergies is trading for ~ $59/share and ERHC is trading for ~0.005/share. So 1 TTE share would equate to 11,800 shares of ERHC. Thus, in your hypothetical, if you had 5 million shares of ERHC, you would get ~423 shares of TTE.
ND9
Jpm up another $1.27 today
… and JPM continues use to go up for last 3 months..
thirty years ago she was incredible but now, she is old, and face is painted on..
I am not a lawyer but maybe the lawsuit before statue of limitations is for unjustly seizing wamu.. maybe after the statue expires the lawsuit would be for not distributing the reorganized assets in timely fashion.. I am just thinking out loud but I am sure the hedge funds are very smart and would not let statute of limitations expired if there was no other recourse.
The hedge funds probably also signed Non Disclosure Agreements with fdic and jpm, that have certain conditions and timelines agreed to..
Jmho
Nd9
Large Green, only one more week until 7/21 !!!
Nd9
iPrelude, thanks, that is the way I read it also. I hope I am wrong but I don’t currently see a payout for shareholders listed in this filling.
Nd9
But shareholders aren’t normally considered general unsecured creditors.. has there been a special designation for shareholders to get that $48,504,661.99?
Thanks
Nd9