Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
It's most likely going to spend some time in the $80s before it goes into the $90s. The move from $40 to $80 was pretty fast and furious, if you zoom out for perspective on the 5 year.
But... You never can be sure. Big things could trigger it in both directions. The good news is, the positive is currently on our side.
All in all, a very exciting, and well run company! It's been a fun one!
Nice to see us heading back over 80 perhaps now we can push towards the 90s and beyond.
JHD
Escrows were deemed worthless with no further distribution, and ordered deleted by The Trust. The brokers received order from The Trust, that escrows no longer needed to exist, because they were worthless, no further distribution would be made, and to delete them. Which they did. Now, they are history, gone, deleted.
These are facts, that unfortunately trigger the tiny group in denial, when brought up.
Today, will be like the next hundred years. Nothing will be coming back, escrows are in fact gone, and the unicorns will spend the day pretending the current reality isn't true, complaining, and attacking anyone who injects truth into their fragile fantasyland.
👉👉👉COOP 100% BUY @ barchart.com
See: https://www.barchart.com/stocks/quotes/COOP/opinion
Today we push over 80. But can it hold?....
Good morning people, BigBang I believe JPM also wrote off 30B in goodwill in the year before reporting the 30B found in the rubble that whoever overlooked that small amount 🫨 Yeah right lol
Well, people, it seems COOP-OTIS Had a good day yesterday let's see how we wind up the week GLTA....
Off to the gym earlier today,Have a great weekend alllllll
TGIF BABEEEEEE -Ts
Uptick... you are dumb/moron to call everyone insane. You have an iota of idea about these cases. Escrows were deleted because DEE was closed/dissolved. W-9s can't be deleted, they required it under GSA. And ofcourse they should maintain it with their bookentry form.You have no clue, where is IRNT which you recommended to buy to this board?. Will you bear the losses borne by your recommendation?.
ESCROWS WERE TIED TO DEE, W-9s WERE/ARE RELATED TO LIQUIDATING TRUST BENEFICIARIES
Escrows were set up to distribute left over reorg WMI shares after disputed equity claims were resolved.
W-9's and releases were collected were tied to the assets allocated to equity holders whose shares were cancelled and releases were signed.
Two different things ,apples and oranges.Significant assets were transferred to WMILT as per Weil.
yo ron?........where is your substantiation that the WMB NOTES are backed with 26 billion dollars????....there is no record of this assertion anywhere, in any documents as posted by the FDIC, JPM, or WMI.....if you have a link to this vital piece of information please submit it to the message board for review..., otherwise it is just a personal belief and should be so stated...what is actually known is that the 16 billion dollars in depositor runs on WAMU caused it to be placed in Receivership, and the FDIC is still short about 14 billion dollars on the liability line of WAMU... also, what is known is that JPM squandered WAMU banking assets and wrote them down to Negative equity thus stiffing the WAMU Bondholders, and taking the assets of Great Western, Home Savings, Providian, HS Amandson, and some others for free...so, IYO, or with factual documents, where is the source that 26 billion dollars is backing the WAMU Notes... TIA...... Lodas
how you can delete the results of a voting in 2012? magic?
with the result of the voting U can produce escrows - same way they did in 2012 - and this is real life
You don't own escrows anymore. Nobody does..
They were deemed worthless with no further distribution, and ordered deleted by The Trust.
The level of denial it would take to not accept this fact that is beyond clear, is insane.
I know what the deposit is and why you received. I get one each month in more than one account. But ALL the hoopla yesterday over a .01 cent deposit, the discussion of trial runs being made etc. Seriously!
Well if you own them (escrows) what does it matter who’s right or wrong or funny! If it pays great if they don’t better luck next time!
Not correct. I talked to E*Trade today. Payment on my IRA for cash sitting there.
The same reason others are still here, just a small glimmer of hope! Nothing more, oh yeah and the occasional good laugh. I LMAO yesterday regarding the .01 deposits showing up in various accounts and no understanding of where it came from and the resulting possibilities and the off the wall reasons. Seriously,, that’s hilarious!
If you feel that way why are you still here?? If I felt that way I wouldn’t be here anymore!! What’s the use!! Gltu
The FDIC Didn’t Aquire Title to WMB Until 2012.
About three days before the implementation of the Plan.
Possession without Title is Theft!!
5AT.
WMI owned all of the property/assets of WMB and it’s Assets until WMI abandoned the Title to the FDIC as agreed upon.
So, therefore the $30 Billion JPM ‘found’ is WMI’s property because WMI still had the Title to WMB and it’s Assets that JPM needs to pay for.
Ron
I certainly can, have you received any thing other than escrow shares and a few bucks for partial shares? Don’t bother, I know the answer. What part of my message hit a nerve? Go back and read a few of messages from myself to BTS and Lodas. I’d love to see something besides those escrow shares, but I’m a realists. After the time frame that’s transpired of the theft and stealing of WAMU, I would think that most would have figured it out by now. Jamie Dimon is the devil, our government is made up of a bunch of devils and they have no concern for retail traders. Hedge funds make ALL the trading rules, from shorting, naked shorting and just plain blatant stock manipulation, all the while the SEC does nothing.
For Those That Like to Read Documents.
Starts getting good at PDF 8;
https://www.cafanotices.com/Portals/0/Document%20Files/InterestRate/5c.%20Declaration%20of%20Seth%20Ard%20in%20re%20to%20Preliminary%20Approval.pdf?ver=qsjZGbdUhsTtQQSskOluUw%3D%3D&TSPD_101_R0=0827f50036ab2000b0e41242a851461ccad2ef64f7a0ab69bf6534481783283e4a422b9f5fc90f5d0897031074143000413babf747f05e80b6c538dcf7549382fa4642c7a532de538fab8f70690adb9ae43720c9b512a5b148854625ed585683
Great history of OTC settlements.
JPM not yet.
I searched;
Libor-Based Financial Instruments Antitrust Litigation seth ard
Ron
Just an old fashioned saying 9/10 of law! You can’t do any better that? ??
You do the math, quiz kid, possession is 9/10ths of the law. JPM found it and it’s certainly been in their possession since. You don’t own, I don’t own it, fromer WAMU stock holders don’t own it, former escrow holders don’t own it! You tell me who has possession of it and I’ll tell you who owns it!
Oh please please ! old wise one tell us who owns the 30 billion!!!
Oh, what’s this, .08, that’s eight cents showed up in one of my IRA accounts. No worries, just a test run for when the real money flows. No, wait, that’s interest paid on a little cash sitting in that account. Approximately the same amount that appears every month. JPM found 30 Billion in the rubble, that’s 30,000,000,000.00! And it must belong to someone other than JPM! Brutish, brutish I tell ya! Same ole story, same ole outcome! WOW, very, very comical! More fun than the tonight show, when Johnny Carson hosted, back when it was truly funny. The dialogue here is a very, very close second! Free beer tomorrow!
They also took 11 billion and lost it to bad investments…….this was a steal…..have cactus tell you who XXXX that will piss you off even more…..don’t worry Cactus states “soon”. His napkin make will be what everyone is looking for….
Didn’t you hear…..Cactus has stated big money coming soon…..his napkin math is in play…..forget the 30 billion JPM has already spent that……
If JPM ‘Found’ $30 Billion, Then…
WMB’s book value is now $337.2 Billion for WMB and it’s Assets.
Or;
Just because JPM found something, doesn’t mean that it was lost!
Accumulation of interest payments on either number is big even at FJR of only 1.95% rate.
Time for the FDIC to start releasing now undisputed funds to reduce accumulation of interest payments.
The WMB Notes are backed by $26 Billion in assets which should cover the Covered Notes obligation of $14 Billion as claimed by the FDIC.
Therefore proving WMB’s 2008 solvency.
With WMB’s proven solvency, there is no justification for the FDIC to have a lien against the Retained Earnings of ~$25 Billion and/or any other assets of WMI.
Ron
How could somebody find ‘$30B worth stuff in a rubble’ ? You can’t even hide the number under a piece of paper..30,000,000,000.00 . Did somebody actually run this statement by an actual human before publishing it ?
A more believable statement would have been, our accounting firm did not know if this $30B was already paid for in our original $1.9 deal. So we were cornfused, but then decided it’s silly to say $1.9B buys $30B, so we decided to come clean.
JPM found 😜 $30 billion in the rubble of WAMU! Who should this $30 billion belong to? Certainly not JPM.
If the pps drops because of the added shares…..this would be awesome….time to buy more!!!!!!
But, in your mind, that information states the opposite of what every level of authority states clearly... nothing else is coming back? Yikes!
Another unknown, turned into a fantasy, like EVERYTHING that happens is...
The fact that there is documentation that states nothing else is coming back, but you guys choose to ignore it, and pretend unknown information makes those with authority, liars, and grants your fantasy riches... It's so incredibly insane, and 100% denial.
Your "meat and bones", can be ground up into a nothing burger.
It's sad that this was your answer...
Thanks for reporting.:)
Then why have you guys been wrong about everything for 15 years?
Because we can’t read all of the redacted filings where all of the meat and bones are hidden.
Sometimes even better, they are hired, aka Kevin B
Called E*Trade. Interest on my cash portion in my IRA.
Very helpful. Thank you UpTick.
Have a great weekend folks.
-Vodka
So whats the final verdict on the random deposits of $0.01/02 some people are seeing in their accounts? Nothing???
"Looking ahead to the SECOND QUARTER, the momentum should continue with approximately another $100 billion in UPB scheduled to board, again, split between MSRs and subservicing. "
You have had all sorts of wild conspiracy theories for years. This one, is hilarious!!
First off, $COOP is 89% institution owned.
They hold 57,608,801 shares. You really think they sucked in ALL this smart money, with the intention of tanking the price, while showering deleted escrows with massive riches, by way of shares?
This is one of the most insane fantasy theories that enriches deleted escrows yet!!!
My goodness, this one is a doozy!!!
Babbling nonsense! 😂
Also, book value, is an actual metric, based off actual asset value, along with other REAL metrics.
The term flat earther was used today, and I can't help but laugh, cause now I want to use it! 😂
THEY DIDN'T HIDE SQUAT they used BOOK value and after that many years it had been depreciated to NADDA................................
TO SUCK IN FOLKS before it TANKS with the issuance of shares
DO YOU ALL really not think the whole market is rigged
And i might suggest one here that is aiding in that as they always talk about BOOK VALUE ECT
WE WILL SEE WON'T WE
That's odd. /sarc
jb92106, Do you by chance have any documented count on COOP's current Treasury Shares. My Rep. at Charles Schwab & Co. is currently reviewing some 2012 documents.
Thanks have a great day
Ha!!
That's hilarious!
You might be in denial, but at least you're funny!
I hope things work out for you.
Nonpublic information
nova.... the auditors in the K-Mart chapter 11 did declare the property assets to the court, however, they valued them way below the market price.... Eddie Lampert bought the debt at a huge discount along with the real estate... after the chapter 11 closed, Eddie employed Fresh Start Accounting and revalued the real estate up which were worth billions....and the rest is history.... JPMC did the same when they got WAMU banks and related assets for 1.89 billion... JPM wrote down the assets to negative value which allowed him to get Providian, Home Savings, HF Ahmandson, and some other savings and loans WAMU had for nothing...its the same motis operendi at a pawn shop when you are broke and need money badly.... you go in to pawn a 25000 dollar Rolex watch, he gives you 2500 dollars in pawn, then turns around and sells it to a buyer for 25000 if you dont return to claim it and pay the 2500 back with interest....Lodas
Followers
|
1743
|
Posters
|
|
Posts (Today)
|
13
|
Posts (Total)
|
727266
|
Created
|
11/07/07
|
Type
|
Free
|
Moderators Large Green xoom GO4AWILDRIDE UpTickMeA$AP stoxjock Split T |
Mr. Cooper Group Inc. (NASDAQ: COOP) provides quality servicing, origination and transaction-based services related principally to single-family residences throughout the United States with operations under its primary brands: Mr. Cooper® and Xome®. Mr. Cooper is one of the largest home loan servicers in the country focused on delivering a variety of servicing and lending products, services and technologies. Xome provides technology and data enhanced solutions to homebuyers, home sellers, real estate agents and mortgage companies.
Upon completion of the merger between WMIH Corp. and Nationstar Mortgage Holdings Inc. on July 31, 2018, WMIH became the parent company of the Nationstar Mortgage Holdings Inc. family including Mr. Cooper (Nationstar Mortgage LLC, d/b/a Mr. Cooper), Xome and Champion Mortgage (Nationstar Mortgage LLC d/b/a Champion).
As of October 10, 2018, Mr. Cooper Group Inc. is the new name of WMIH Corp. On July 31, 2018, WMIH, now Mr. Cooper Group, became the parent company of the Nationstar Mortgage Holdings Inc. family including Mr. Cooper (Nationstar Mortgage LLC, d/b/a Mr. Cooper) and Xome.
As early as late 2006, WaMu would begin to become a victim of what would eventually become the worst recession in US history since the Great Depression of 1929. WaMu's aggressive business strategy would begin to unfold throughout the end of 2006 and become increasingly disastrous through 2007. As housing rates were at all time highs before the recession began, WaMu would use its considerable leverage and assets to make large amounts of loans in both subprime mortgages and subprime credit cards. The banking division of WaMu at one point before the end of 2007 had nearly 336 stand-alone branch buildings where various types of home loans were processed and approved. WaMu would eventually over leverage themselves due to the high number of Adjustable Rate Mortgages (ARMs). As the US economy slowed down, the number of home loan defaults began to rise in quick succession. This coupled with the falling home prices throughout most of the US meant that even with foreclosures and the properties back in the hands of the company, they were unable to sell them back into the market, or were not able to derive enough revenue from the sale to cover the loan that was made on them. In the mean time, the credit card division was also seeing a surge in the number of late and non payments being made.
By September of 2008, WaMu's stock price had fallen to $2 from its previous highs of around $50 just two years earlier. Amid strong voices from the shareholders, then company CEO Kerry Killinger was dismissed by the company board. In the meantime, the company went looking for a buyer for part of its banking division. WaMu had been unsuccessful in finding an appropriate buy until its seizure by the FDIC. Overnight the companies banking division was bought by JP Morgan Chase in a secret deal brokered by the FDIC for 1.9 billion dollars. Washington Mutual Inc. has reorganized to Washington Mutual Holding Inc. WITH SHAREHOLDERS INTACT
WMI Equity Escrow Calculator
WMIH: Here's how old shares relate in value to the new shares.
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |