Mr Cooper Group Inc (COOP) Quote

Mr. Cooper Group 10Q 2nd Quarter 2024

https://www.sec.gov/Archives/edgar/data/933136/000093313624000069/0000933136-24-000069-index.htm

Hmmmmm .058 ??????????? 58 million shares ready ??? COME ON PAYDAY !!!!!!!!!!!!!

Az the 10Q is out. Is there 58million treasury share available?

Semper Fi

https://d18rn0p25nwr6d.cloudfront.net/CIK-0000933136/8c970be5-8963-4df9-a137-4d0afe6859ed.html

For LIBOR and to whom? Only to FDIC relating to WAMU in my opinion is of relevance.

4087. ORDER APPROVING DISTRIBUTION OF THE NET SETTLEMENT FUNDS granting [4085] Motion for Disbursement of Funds. IT IS ON THIS DAY OF, 2024, HEREBY ORDERED, ADJUDGED AND DECREED THAT: The Motion is GRANTED. As further set forth in this Order. (Signed by Judge Naomi Reice Buchwald on 7/24/2024)

This is a very active blog site:
I have done business w/ Mr. Cooper and closed out a loan but cannot talk to anyone ever on the phone. How do you promote such a business model?

$95.03 not bad!

https://www.marketscreener.com/quote/stock/MR-COOPER-GROUP-INC-46600303/news/UBS-Initiates-Coverage-on-Mr-Cooper-Group-With-Buy-Rating-80-Price-Target-45514554/

“COOP' doesn't have the Larger Check-Book ...” got it thanks AZ

Can someone confirm UBS raised to $118 and not $109? My last UBS target for COOP was $86, +$23 = $109

I agree, with their ability to handle both refinance and mortgage origination along with the wonderful platform that Xome supplies for foreclosure/repossession properties and the huge marketplace that exists there, like a Zillow for regular real estate, with their “no dilution” comment and “2025 is going to be better”…. wow just wow.

JHD

🔥UPDATED🔥 $COOP price targets==>Wedbush:$115, UBS: $109, Piper Sandler:$103, Barclays:$101, Compass Point:$97, KBW:$96, DEUTSCHE BANK:$90

Another 23 jump would bring it close to 150

Goooo COOP

The one thing we do know now according to their own words.. there will be no dilution .

JHD

150 next

Go COOP!

~ Good Morning Hex, ... YES, I strongly do believe That the WMIH 2018 Acquired Subsidiary Group (nationstar etc.) ... or "COOP" ... WILL BE USED TO Separate the Original Releasing Owners of the 2012' WaMu's Reorganization, from those that came on deck ... years "after the fact" of the 2012's WaMu Reorganization ... by "COOP" using its "Share Buy Back Program" ~

... No fanfare is or will be necessary, ... everything has already been revealed' ... so, in my opinion it's a simple concept of ... "WE Already Told You" ... (P&AA, GSA, Globic, etc.etc.) ...

... "COOP" only reports within its 10-K's, that NationStar Mortgage LLC. Is the Only Operational Sub (LOL' ya right) ... and then ?, ... Nationstar Mortgage LLC. continues to service the value related and continuing ABS-Certs (Trusts) originally aligned with the WMI Reorganized Holding Company' ...

So, it has been my conclusion for MANY MANY Years, that there are TWO very big money entity's continuously involved here ... (XXXX ... and, XXXX / XXX) ... NOT COOP' ... COOP will simply be USED' ... maybe COOP survives ?, maybe COOP Does NOT, personally I DON'T Care if "COOP" survives what is to come, as merely a Loan Servicer ?, (their own words) ... servicing the loans can be done by numerous entity's ... (XXXX / XXX) initially comes to ol' cactus' mind' ... easy-peeezy stuff

===================

Over the last week or so, ... over the many years now and with so much brokerage / bank movement, ... I simply wanted to suggest / recommend that "everyone" check their own paper trail of original ownership by way of their ballots' ... to ... "Approve The Plan" and leave the other two of three options BLANK. ... only the one box should have been checked' ... AND' an individuals CURRENT Broker / Bank should have your original voting records intact' ... with the proper cusip number depicting ones original ownership' ...

... originally the DTC was and remains our "Voting Agent" ... the wmi-lt used those numbers to issue the esc cusips, that's all ... However, It Is My Opinion and Conclusion That THOSE Documents submitted to ones Brokerage or Bank', dictating ones specifically released ownership of WaMu ! ! !, ... will be used once again and SOON' ... for the Reset of the 2018 Acquired Subs "share platform" ...

There is BIG BIG Money Behind all that has been and will be coming, ... COOP' doesn't have the Larger Check-Book ...

I saw that YOU were Proactive within this follow-up of your own documents paper trail' ... in lieu of acting like a "KnowITAll" (36,000 +, and all of that 75/25 ... NOT') ... I hope that helped Hex' ... "Abba Da Ayy"

if I've missed anyone else, ... ? ... I never mean to'

just sayin'

AZ

I was wondering about that one, why didn’t they just wait for the earnings?

Sahweet! Thanks for posting.

Amen Brother Bring it on and more.

.40-42 spreads /94.80’s on deck live feed, Close should be interesting GOGOOOOOCOOP 😉

GLTA-Ts

I agree BB !!

Why is COOP supporting such a low PE when we all know there growth rate is discounted here.

COOP is going to be HUGEEEEEEEEEEEEEEEE I have always said this BUT, there are gonna be imho serious ups and down to get there

Let's see if the GAP @ 89.22 gets closed, my WAG says it does and probably even as early as next week

Keefe Bruyette raises target to 96 after downgrading it 2 days ago🤔

USB adjusts Coop target to 118 form 95

$23 jump :)

95% !!!!! IS NOT ALWAYS

OH and the real scary thing is that they sometimes TAKE ALONG TIME FOR THEM TO CLOSE and they come out of nowhere to close them even yrs later

Ok thanks for the info!

JHD

Not today, because yesterday's high was $95.74

But yesterday was an opening gap. But don't mind, we have many gaps...

Not all gaps always fill as BBANBOB believes...

Hi JWW was there a gap created this morning?

JHD

Hi JWW was there a gap created this morning?

JHD

👉👉👉COOP Q2'2024 earnings call TRANSCRIPT here

https://www.fool.com/earnings/call-transcripts/2024/07/25/mr-cooper-group-coop-q2-2024-earnings-call-transcr/

Love the targets being raised to $100+

JHD

Also Barclays rises COOP by $9 to $101

https://thefly.com/news.php?symbol=COOP

Also Piper Sandler raises COOP by $15 to $103

https://thefly.com/news.php?symbol=COOP

💥💥💥 COOP FANTASTIC EARNINGS and HUGE ACQUISITION ANNOUNCEMENT

* Reported net income of $204 million including other mark-to-market of $68 million, equivalent to ROCE of 18.1% and operating ROTCE of 15.3%
* Book value per share and tangible book value per share increased to $71.24 and $68.67
* Servicing portfolio grew 37% y/y to $1,206 billion
* Repurchased 0.3 million shares of common stock for $24 million. Board of directors approved additional $200 million for stock repurchase, bringing total authorization to approximately $270 million
* Announced acquisition of Flagstar’s mortgage operations, including MSRs and subservicing contracts totaling approximately $356 billion in unpaid principal balance (UPB), for $1.4 billion in cash

https://www.businesswire.com/news/home/20240725237654/en/Mr.-Cooper-Group-Reports-Second-Quarter-2024-Results-and-Announces-Acquisition-of-Mortgage-Operations-From-Flagstar

KBW raises price target to $96 from $95.

Nice!

Wedbush raises COOP target pps to $115 from $100.

Good morning people, I believe today and Monday’s trading sessions should be somewhat interesting to watch and see which way COOP-OTIS goes with our PPS.,I would (hope!) we could stay in the very low 90.and establish a new platform for the bouncing ball, Seya at the buzzer,maybe TGIF.Babeeee

GOGOOOOOOCOOP
Have a great day GLTA-Ts

yo ron??.....lately is there any followup on that well documented Duel track D.C. lawsuit in which WMI was awarded 309 billion in damages for that RICO lawsuit???.....also, with the Equity Community taking control of the chapter 11 bankruptcy when they stated they had 20.7 Billion dollars in Treasury Notes as a result of moving the shareholders Retained earnings from the 2012 Feb MOR submitted to the court, is there any guesses when the money will hit our brokerage accounts??....you said JPM has to pay more money for the PAA agreement.... is that about to happen "soon"???....are you still standing behind your numbers you calculated for returns on those cancelled preferreds?... you stated that the numbers work, and that billions will be returned... any guesses when the money spigot will be turned on?.... TIA Lodas
this post is directed to ron........., not you clawman

Didn’t you hear…..you need to check your release to see if you checked the box…..distributions coming soon….what was it in the spring….get a financial advisor…..big Libor distributions that will change your world…..all while coop has always been the tell…..in the 90’s……

Clawman..you are right as long as it is concerned with WMB sale pursuant to P&A, FDIC has fiduciary duties to maximize the assets, only related to WMB and nothing to do with WMI LT.WMI LT owns estates minus reorg WMI minus Disputed Claims. Thats why insiders were appointed as administrators.IMO, they must be using one or several dissolution vehicles. "BONANZA PARADISE" is a tickling name.

Seems like a good explanation to me.

Thrice!

NOPE! This was about MUCH more than just LIBOR!

TWICE OVER

THIS AINT ABOUT LIBOR AT ALLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL

clawmann, ok, one more time, I don't really care what you think.

OK. One more time. I do not know if there will ultimately be any distribution to "escrow" holders; but if there is, it will come from the FDIC. The fact that stock certificates were cancelled during the Chapter 11 bankruptcy case does not matter. The fact that your escrow markers went "poof" also does not matter. Those markers were to assist with distributions from the WMILT under the bankruptcy case.
They have no relevance to the FDIC. The FDIC has access to all records relating to prior holders of WMI equity. The FDIC is required by law to distribute any amounts it recovers in connection with the liquidation of a failed bank in a specific order (and please don't beat that "WAMU did not fail" drum again; we have all heard it a 1000 times).
See: https://www.fdic.gov/consumers/banking/facts/priority.html "By law, after insured depositors are paid, uninsured depositors are paid next, followed by general creditors and then stockholders. In most cases, general creditors and stockholders realize little or no recovery. Payments of uninsured funds only, called dividends, depend on the net recovered proceeds from the liquidation of the bank's assets and the payment of bank liabilities according to federal statute. While fully insured deposits are paid promptly after the failure of the bank, the disbursements of uninsured funds may take place over several years based on the timing in the liquidation of the failed bank assets."

The only reason for some lingering hope of a distribution to former equity is this: WAMU's assets included some serious claims against third parties for LIBOR manipulation. As a fiduciary, the FDIC is required to make good faith efforts to pursue and recover on those claims. We will see. .

I'm very much in agreement... Thanks for the links.

ESCROW SHARES X .058 = COOP SHARES ???????


BRING IT BABY !!!!!!!!!!!!!!!!!!!

Exactly split!
My point to him was more about how he boast after the fact on how he made money on yesterday‘s info,