Replies to post #714488 on Mr Cooper Group Inc (COOP)

[serafino1]

After I read certain information from both RON and AZCOWBOY, I noticed relevant cross-fertilisation of both the one and the other, here in the room besides Ron and AZC. there are others here in the room who give a lot of information that helps the cause.
But as written above, the two Ron and AZC seem to have more information than anyone here in the room.
Again, this is what I perceived, perhaps I am wrong in my perception.
PS; Don´t waste your time responding to the bunch who desperately keep spouting hypocrisy.
I notice that some in the room leave them to the side without noticing them.
Time is money, time is precious, I'm off to the airport!

[Royal Dude]

AZ why bring it all back now . This is the settlement that JPM/FDIC made right in front of you. They need to play it out.

"Key transaction elements following the FDIC’s competitive bidding process include:

Acquisition of the substantial majority of First Republic Bank’s assets, including approximately $173 billion of loans and approximately $30 billion of securities
Assumption of approximately $92 billion of deposits, including $30 billion of large bank deposits, which will be repaid post-close or eliminated in consolidation
FDIC will provide loss share agreements covering acquired single-family residential mortgage loans and commercial loans, as well as $50 billion of five-year, fixed-rate term financing
JPMorgan Chase is not assuming First Republic’s corporate debt or preferred stock
First Republic branches will open on Monday, May 1, as normal, and clients will continue to receive uninterrupted service, including digital and mobile banking capabilities.

As a result of this transaction, JPMorgan Chase expects to:

Recognize an upfront, one-time, post-tax gain of approximately $2.6 billion, which does not reflect the approximately $2.0 billion dollars of post-tax restructuring costs anticipated over the next 18 months
Remain very well-capitalized with a CET1 ratio consistent with its 1Q 24 target of 13.5% and maintain healthy liquidity buffers
The transaction is expected to be modestly EPS accretive and generate more than $500 million of incremental net income per year, not including the approximately $2.6 billion one-time post-tax gain or approximately $2.0 billion of post-tax restructuring costs expected over the course of 2023 and 2024.
https://www.jpmorganchase.com/ir/news/2023/jpmc-acquires-substantial-majority-of-assets-and-assumes-certain-liabilities-of-first-republic-bank?fbclid=IwAR0_1GWGMZlnuFw3zxNJb1p0gsivb-uNDfdOzTnNBMuk3aWahdHH1EXtFvk
The acquired First Republic businesses will be overseen by JPMorgan Chase’s Consumer and Community Banking (CCB)"

[Nightdaytrader]

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

[Bizreader]

Ok