Mr Cooper Group Inc (COOP) News

By May 1st….we will what happens next…

AI is Wrong.

We all know the February MOR of $20.78 Billion.

DOCUMENTED!!



Ron

Q: Its showing Retained Earnings as (2000000000) on Washington Mutual, Inc and as 2000000000 on WMI Liquidating Trust/DCR on the Effective Date.What does it mean?
Here's what those figures likely represent and why they differ between Washington Mutual, Inc. and the WMI Liquidating Trust/DCR:

Washington Mutual, Inc. Retained Earnings: ( -$2,000,000,000 )

Retained Earnings: This account represents the accumulated profits (or losses) of a company over its lifetime, minus any dividends paid out.
Negative Figure: The large negative retained earnings figure on Washington Mutual, Inc.'s balance sheet indicates that the company has suffered significant accumulated losses. This is common for companies that have gone bankrupt. Losses often exceed any previous profits.

WMI Liquidating Trust/DCR Retained Earnings: $2,000,000,000
Not Traditional Retained Earnings: The retained earnings figure within the Liquidating Trust doesn't function in the same way as in a regular operating company.
Placeholder: This figure likely represents the expected amount to be available for residual distribution to claimants and shareholders after all of the company's assets are sold and higher-priority debts are paid.
Effective Date: The term "Effective Date" likely refers to the date the bankruptcy plan was confirmed and the WMI Liquidating Trust was established.
Why the Difference?

The substantial difference between these retained earnings figures illustrates the fundamental shift in purpose following bankruptcy:
Washington Mutual, Inc.: The negative retained earnings reflect the net losses the company incurred during its operation leading up to bankruptcy.
WMI Liquidating Trust/DCR: The positive figure in the Liquidating Trust essentially represents a "best-case" estimate for potential residual funds after the liquidation of assets and settlement of debts. This is not guaranteed profit but rather an estimate of potential funds available for some form of distribution.

Important Considerations:
The actual amount distributed to beneficial holders of the WMI Liquidating Trust may be significantly less than the initial retained earnings figure. This depends on how much the assets sell for and the resolution of any disputed claims.
Remember, the WMI Liquidating trust is a grantor trust, meaning any distributions will likely be considered taxable income for the recipients.
Thanks to AI for unbiased answer.

Yes Plan 6 vs. Plan 7.

“THIS SUGGESTS THERE WERE TWO KIND OF LTIs ONE TYPE CLAIMS & ANOTHER TYPE EQUITY.”

AAOC Plan 6 LT came under the control of the Equity Community.
The EC carved out sufficient funds from the Plan 6 LT to pay the Creditors and presented Plan 7 to the Court, proving that equity would satisfy all creditors.


What lives in the Plan 6 LT?

• 363 Sales assets described in the Equity Community Presentation of which $20.78 Billion is known as the Retained Earnings.

• WMB receivership claim.

• WMIIC ABS assets.

• Other WMI assets;
1031 Exchange,
Citation,
H. S. Home Loan,
Exhibit H.
510(b).



Ron

And oh how many people have said, “settlement soon”, or something to that effect.

Until it is, it is not.

Better to focus on what is.

JHD

Like I said….may 1st we shall see…in comparison to cactus soon…it will another 10 years or never…

4.5 Interest on Liquidating Trust Interests. As set forth in the Plan, interest shall not accrue and be paid on the Liquidating Trust Interests themselves but only with respect to and to the extent provided in the Plan with respect to an Allowed Claim (“Interest”). Interest may, as an incremental adjustment on the maximum amount the Liquidating Trust distributes in respect of a Liquidating Trust Interest, accrue up to and including the date of final payment in full of the Allowed Claim related to the Liquidating Trust Interest as provided in the Plan.
THIS SUGGESTS THERE WERE TWO KIND OF LTIs ONE TYPE CLAIMS & ANOTHER TYPE EQUITY.

Right back where they want it to stay.

Wow boarddork great synopsis. We are close to knowing all the answers. Once Libor is done it willbe a huge pandoras box opening.
As hold2 says, could be days. Not weeks.

3.3 Continuance of Liquidating Trust for Winding Up. After the dissolution of the Liquidating Trust and solely for the purpose of liquidating and winding up the affairs of the Liquidating Trust, the Liquidating Trustee shall continue to act as such until its duties have been fully performed. Upon distribution of all the Liquidating Trust Assets, the Liquidating Trustee shall retain the books, records and files that shall have been delivered to or created by the Liquidating Trustee. At the Liquidating Trustee’s discretion, all of such records and documents may be destroyed at any time following the date that is six (6) years after the final distribution of the Liquidating Trust Assets, subject to any joint prosecution and common interests agreement(s) to which the Liquidating Trustee may be party.

LIQUIDATING TRUST BENEFICIARIES - FORMER EQUITY
2.2 Rights of Liquidating Trust Beneficiaries. Each Liquidating Trust Beneficiary shall be entitled to participate in the rights and benefits due to a Liquidating Trust Beneficiary hereunder according to the terms of its Liquidating Trust Interest. The interest of a Liquidating Trust Beneficiary is hereby declared and shall be in all respects personal property. Except as expressly provided hereunder, a Liquidating Trust Beneficiary shall have no title to, right to, possession of, management of or control of the Liquidating Trust or the Liquidating Trust Assets or to any right to call for a partition or division of such assets or to require an accounting. No surviving spouse, heir or devisee of any deceased Liquidating Trust Beneficiary shall have any right of dower, homestead or inheritance, or of partition, or any other right, statutory or otherwise, in the Liquidating Trust Assets, but the whole title to the Liquidating Trust Assets shall be vested in the Liquidating Trustee and the sole interest of the Liquidating Trust Beneficiaries shall be the rights and benefits given to such person under this Trust Agreement and the Plan.

2.3 Evidence of Liquidating Trust Interest. Ownership of a Liquidating Trust Interest in the Liquidating Trust will be evidenced by the recording of such ownership in an electronic book-entry system (the “Book Entry System”) maintained either by the Liquidating Trust or an agent of the Liquidating Trust. A Liquidating Trust Beneficiary shall be deemed the “holder of record” (hereinafter “holder”) of such Liquidating Trust Beneficiary’s Liquidating Trust Interest(s) for purposes of all applicable United States federal and state laws, rules and regulations. The Liquidating Trustee shall, upon the written request of a holder of a Liquidating Trust Interest, provide reasonably adequate documentary evidence of such holder’s Liquidating Trust Interest, as indicated in the Book Entry System. The expense of providing such documentation shall be borne by the requesting holder.

Gorilla XXXX only paid for 1 pound of cheese after getting almost 300 pounds of cheese, free.
Later Gorilla XXXX realized eating 300 pounds of free cheese could cause lactose intolerance and took 15 years to consume it and pay for it.

There is baby 'xxxx' and big gorilla 'XXXX'. WMIH is the child corporation 'xxxx'. WMIH is not the Parent 'XXXX'. The actual Parent corporation of WMIH is the BIG 'XXXX' who's identity has become clear from the relationship those 'now paying dividends' have from the WMB bonds, which could only be possible if, a certain so-and-so is 'XXXX'

WMIH, the child corporation 'xxxx' owns COOP, among some other legacy subsidiaries of WMI...like a certain 'Preferred Managing Sub' for Ps that still pumps out income. And oddly enough, WMIH ('xxxx') only SEC reports and trades as if COOP was it's sole business - WMIH only uses Nationstar's former shell to represent the whole of itself 'xxxx' and report as its sole operations. Which is laughable... The other legacy WMI subs such as that certain 'Preferred Managing Sub' still operate almost invisible, thanks to SEC regs regarding FDIC receivership and securities. The Preferred Managing Sub's income is still SEC trackable to this day,,, income is made and reported to the SEC, but where it is actually 'held' is the question...as WMIH isn't forced to report that portion of its income...yet....

The conclusion of any LIBOR settlements impact, against the FDIC's WMB receivership's tentacles wrapped around our tangled legacy WMI interests, will force the acknowledgement and public accounting of these former 'safe harbor' subs. How exactly it is done....I await with restless anticipation, for the final act.

There is baby 'xxxx' and big gorilla 'XXXX'. WMIH is the child corporation 'xxxx'. WMIH is not the Parent 'XXXX'. The actual Parent corporation of WMIH is the BIG 'XXXX' who's identity has become clear from the relationship those 'now paying dividends' have from the WMB bonds, which could only be possible if, a certain so-and-so is 'XXXX'

WMIH, the child corporation 'xxxx' owns COOP, among some other legacy subsidiaries of WMI...like a certain 'Preferred Managing Sub' for Ps that still pumps out income. And oddly enough, WMIH ('xxxx') only SEC reports and trades as if COOP was it's sole business - WMIH only uses Nationstar's former shell to represent the whole of itself 'xxxx' and report as its sole operations. Which is laughable... The other legacy WMI subs such as that certain 'Preferred Managing Sub' still operate almost invisible, thanks to SEC regs regarding FDIC receivership and securities. The Preferred Managing Sub's income is still SEC trackable to this day,,, income is made and reported to the SEC, but where it is actually 'held' is the question...as WMIH isn't forced to report that portion of its income...yet....

The conclusion of any LIBOR settlements impact, against the FDIC's WMB receivership's tentacles wrapped around our tangled legacy WMI interests, will force the acknowledgement and public accounting of these former 'safe harbor' subs. How exactly it is done....I await with restless anticipation, for the final act.

Libor may be happening but is WMI getting any of the Libor beyond a billion…..or even in the millions….

You were pretty pissed off when no one took your advice in buying in the single digits……too many posts where you were angry that no one taking your advice and some took your advice on selling at 50.00 while others are still holding…..

banks were not harmed by LIBOR manipulation... the FDIC was harmed by over insuring the banks liabilities that were inflated by the banks who were collecting more interest on loans, without compensating the FDIC with the premiums that they pay to insure their liabilities.... you wont get a dime from settlements... besides WAMU does not exist anymore... it was placed in receivership 15 years ago....Lodas

"FDIC can hide it and we will never know."

SO, the 20 banks that the FDIC is filing on behalf of, WON'T ask any questions???

Are they more in the know? Hold2wm

JHD

Protective order. Means we don’t know the settlement, terms etc. FDIC can hide it and we will never know. Typical BS.

Libor is happening. Just released:

401804/17/2024PROTECTIVE ORDER AND STIPULATION.regarding procedures to be followed that shall govern the handling of confidential material. So Ordered. (Signed by Judge Naomi Reice Buchwald on 4/17/2024)

We are getting close. The judge has a fiduciary duty to follow the proper disbursement of settlement funds.

Very nice, and agreed!

I hate to say it, but bring on "higher for longer".

Go $COOP!

My chart PT is also ~$100, fair value is even ~$200 considering the low P/E when compared to other companies in the financial sector.

So exciting times ahead IMO

Pretty awesome that they ALL have impressive PTs, with nice upside from here!

It's going to be very cool when we get out first $100 PT.

GO $COOP!!

😁

Pretty awesome that they ALL have impressive PTs, with nice upside from here!

It's going to be very cool when we get out first $100 PT.

GO $COOP!!

😁

LATEST $COOP price targets==>Compass Point:$95, Piper Sandler:$88, DEUTSCHE BANK:$88, UBS:$86, KBW:$86, Barclays:$85, Wedbush:$85

Hold2wm now thinks settlement is days not weeks away.
I agree but we dont know for sure. A friday afternoon news dump would be prudent. Bury it in the news.

100% true,the "disclaimer" was added recently.

Living in a alternate reality,where what you post no one understands ( on purpose)...and then claim victory,by twisting what was said.

"COOP is the tell"...became "I told you to buy COOP,when it was 5 bucks". LOL,what a joke.

Nothing like jumping on the COOP board to brag about your so called "achievements",when you have none...lol!

What the new Fdic order of protection tells us.

This Libor order was approved by the judge. So it means 2 things.
A settlement is underway.
The Fdic does not want the terms public.
This may be good or bad.
Will we ever know the amount of the settlement?
How will we know that the Fdic is going to be fair with its distributions?
Lets hope the judge makes those determinations.
We know the Fdic is corrupt so how do we know they will divide the settlement appropriately?

XXXX = WMIH

ol cactus has always attempted to properly use terms like, ... "in my opinion" ... or ... "my conclusions lead me to believe"Not so in the beginning when you were posting. You were very sure of yourself and only started putting those disclaimers in when someone started questioning you about your failed predictions.

AZCowboy..... you said everything now is coming to a head................what is coming to a head, and when?....... spell it out in documents, statements, or links to any information that you possess.....the reorganized company said that your common equity, and preferred values in WAMU, and WMI cancelled by official statements, and signed by the court judge, and releases given to all parties involved with this affair.......Lodas

~ THANK YOU Boris' and JB92106, ... "COOP" was the Result of a 2018 Acquisition', One could Start' at 2018, and Move Forward and Experience the Promotions that a mere' SEC allowed "registrant" Was Able to financially represent' for a Multi Billion Dollar Corporation' (WaMu) That Successfully Went Through A Reorganization and "Only The Holding Company" ~

... "COOP" is merely the name changed result of a 2018 acquired loan servicer, that SEC reports merely with one operational sub' ... That ? in and of itself is hilarious' ... LOL' ... and' ... and sick as that may sound, all of these actions are allowed by the SEC' ...

... ol cactus has always attempted to properly use terms like, ... "in my opinion" ... or ... "my conclusions lead me to believe" ... and not once has this cowboy EVER recommended a Buy, Sell, or Hold ... to anyone, Here or anywhere else' ... ! ! ... the closest I ever came in an effort to help out ?, was at the end of 2017' and beginnings of 2018 ... was to say ... "Watch the Newco WMIH / COOP It Was The "Tell" ~ ... believing that a rapid rise from the single digit pps was going to happen up to the $50.00 pps minimum that would be necessary to release the Debt' available ... I Participated in that pps move up' ... Heavily as stated' ...

Everything is NOW coming to a head ...

"Abba Da Ayy" ... (beginnings of, everybody luvs ray) Have A Nice Day)

just sayin'

AZ

You said it did not…..remember the only person who claims they are friends are cactus….

Please keep claiming billions upon billions coming back…soon….or bk is not closed…the fdic is not done…. Happy to say I am wrong……the fact is……where is the money in your account for old escrows…not there…until then keep the theories coming……fact….until money shows up…..after 15 years…and counting….nothing….no cash….maybe you should have taken cactus advice and invest in coop….

👉👉👉COOP BOD wants to "...COMPOUND tangible BOOK VALUE at a DOUBLE-DIGIT PACE..."

From the COOP 4Q'24 earnings call on Feb. 9, 2024:
But we will work diligently to compound tangible book value at a double-digit pace which for us is an exciting prospect.

Source: https://www.fool.com/earnings/call-transcripts/2024/02/09/mr-cooper-group-coop-q4-2023-earnings-call-transcr/

Yes and by pure logic we know that on each of these highly active influential boards holding billions of dollars for someone there are detractors.
Voldemort is not going to say he is a detractor nor will some of the others however we know you're here. Oh and detractors are not truth tellers.

Picky, You mean AZ talks to himself pretending DL is standing next him ?

👉👉👉Only 4 BUSINESS DAYS until COOP Q1 earnings on April 24 (pre-market)

See: https://www.businesswire.com/news/home/20240404446961/en/Mr.-Cooper-Group-Inc.-to-Discuss-First-Quarter-2024-Financial-Results-on-April-24-2024

Good morning people,, jb9 Maybe ol’Cactus just likes jerking the chain every once in a while to get his jollies off, hey no skin off of my back but! it has left scares on others as you can read lol., otherwise why say/post what he does when he does these days hehehe
On another note, COOP-OTIS has and isssss doing fairly well and will be interesting to watch in the upcoming days once again

GoGooooooCOOP Have a great day people GLTA -Ts😉

Pretty soon….it will also be proven that Doreen is only a one sided friendship and it is cactus….

JB, I think he shared enough info even for anybody with 1/4th of a brain, to put 2 and 2 together and predict/speculate a potential future event/events.
IMO there is no new actor. It’s the same old actors who have always been here.
Sensing a positive event soon for all of us who have waited for 15.5 years for a meaningful return on their investment.
GLTA

https://www.fdic.gov/analysis/cfr/staff-studies/2022/2022-02.pdf

Tier 1 of 8.4 Before the Orchestrated ‘Run on the Bank’.

Tier 1 of 7.8 according to JPM own 2008 Annual Report regarding WMB, and JPM was only 3.5 according to the same filing.


WaMu saved JPM and the Government.
JPM’s derivative portfolio was underwater TRILLIONS!

Yes, TRILLIONS!

The Government couldn’t bailout JPM.

The Government needed real cash.
WMBfsb had $40 Billion on hand for WMB.

41.6, time to pay!



Ron

WAMU was solvent!

Thank you B

Park to Market overnight I'm unnecessary greedy piggy really stupid deal that they did with women brothers and Morgan Stanley and whoever else sucked a big one. 2 years later they decided yeah that was stupid let's not do that again. Yeah so you know diamonds not a leader.

Hardly.., AZ knows exactly what he’s talking about, simply chooses not to share the information on iHub!

Yes true. One thing I always do is cross T’s and dot I’s…. I released for myself, my wife, the trusts for my kids… all done W 9’s the whole works. Signature receipts on everything.

JHD

Nd9...he will not answer you because he doesn't know. AZ has been saying this for years. It's a shame he keeps doing this. It's obvious he is getting something out it what I don't know. Anytime someone keep using "XXXX" and not the name to me it indicates an emotional problem.

PROTECTIVE ORDER AND STIPULATION.

4018 04/17/2024
PROTECTIVE ORDER AND STIPULATION.regarding procedures to be followed that shall govern the handling of confidential material. So Ordered. (Signed by Judge Naomi Reice Buchwald on 4/17/2024)



Ron