Mr Cooper Group Inc (COOP) Quote

Thanks

Yes you’re right! Thanks

I was going by Dr A's figure in 2012, now interest needs to be added. I remember the $300B ... When do we get paid? With the Trump presidency things will heat up now.

After all these years the numbers are becoming fuzzy!

they stole $86B from the shareholders of WMIFor sure!

Didn’t wamu sue them for 300 billion and win the case!?

🇺🇸 

Yes the cost to the FDIC was 0 because they stole $86B from the shareholders of WMI...

Finally something we agree on! The FDIC has always stated that the seizure of WAMU was at no cost to them.

Please don't clog their minds with provable facts! It will break the dream bubble they have constructed out of whole cloth

It literally says

“These FAILURES would eventually cost…“ - clearly highlighting that the 69B cost figure applies to all 500 bank failures 2008 - 2013.

The cost from WMB to the FDIC was zero as even common sense clearly suggests: no depositors lost any money, so clearly the FDIC didn’t need to compensate anyone.

Alternatively one could look at the FDIC website of course which also confirms this.

@ Split T.........that 2.5 billion dollar loss on Bank America that I posted was a "fat finger" typo.... I corrected it to be 2.5 million dollars as soon as it was made known... so, whats your point?... Here is the point that I am making to you:..... You are not a shareholder anymore in any company that was once called WMI/WAMU.... , and you have NO RIGHTS TO ANY FORMER ASSETS OF THE REFORMED COMPANY CALLED WMIH....any assets remaining, if any, that are listed on the WMIH 2013 10-K belong to the Estate, before, during, and after the chapter 11 restructuring!!.... now, those words are in the SEC documents, AND DOES NOT INCLUDE YOU!!!!..... you need to stop posting crap, and go get a job if you need money...WMIH, Coop XXXX, or whatever, has no obligation to pay you one penny after you signed the release document in return for new shares for your former values....if you post, include links, or` documents, ....in lieu of posting no official documents, just say "I am hoping for a return". then I will understand where you are coming from... at the very least, you do not hide behind the ignore button, like some others, so you get a thumbs up from me for your tenacity, albeit misplaced...Lodas

SAM, Ecellent call out!

Who knows? It’s all BS because it is speculation.

The only thing that is real is the stock COOP and the fact it reached new highs.

JHD

I CAUGHT YOU IN YOUR MASSIVE EXAGGERATION OF LOSING 2 BILLION DOLLARS ON
Bof A stock and others on this board know you like to exagergert ,but this is really over the
Top for you to tell someone to "go get a job, and stop posting cra*p on the message board"

I personally don't think you hold any Escrow shares and any COOP shares you might have are from being a Fortress Holder, hence your anti escrow return. GHONDI Is in your future IMO. lol

@SamuraiProgrammer....thanks for your post.... now to your points...
the insolvency of WAMU started long before the OTS seized it, and began when Treasury Secretary issued a letter to Killinger to shore up the falling Tier 1 values, or seek a partner... JPM was interested, by way of Project West, saw the books of WAMU, and concluded a fair price for the assets, and declining values of the loans, HELOCS, MBS, etc., was worth 8.50 per share.... lock stock, and barrel... meaning JPM would HAVE ASSUMED ALL LIABILITIES OF WAMU... said another way. "warts and all".... Killinger declined because he believed WAMU was worth more... that decision is debatable, because , if Killinger would have accepted the 8.50 dollar offer , we would not be here discussing WAMU at 8.50, but be talking about our fortune in JPM stock which is now selling for over 250 dollars per share... so, in my way of thinking, Killinger fuc*d up twice, in losing the company,m and losing out on the appreciation of the stock we would have gotten in JPM.... (2)...by the time Alan Fishman took over, the OTS issued another letter stating the TIER 1 values were not sufficient, and another infusion of money must be made...yada , yada, yada, you know the story, but the point is, that by the time the OTS ordered the seizure, the Depositors have lifted 14.6 billion dollars in savings withdrawals which were backing the souring ARM shoddy real estate, and other loans...my point: the FDIC was in a hurry to get rid of this turkey before investors would withdraw more funds, thereby causing the FDIC to be further "in the hole" to make up their obligations to Depositor savings accounts...This takeover as you describe as being fraudulent was discussed at length in the Congress of the U.S., and no culpability was charged to JPM, FDIC, Killinger, or members of the BOD...so, in closing my post, a review of the actions of some of the big players on this matter of post monetary returns (1) Tepper left, selling his common stock, and never filed a lawsuit...(2) Bonderman lost at least 2 billion dollars with his last minute monetary infusion, and went to his grave 16 years after the Receivership, and never instituted a lawsuit... all the other UW's never filed lawsuits.....why?????.....simply because the settlements in the chapter 11 restructuring stands as signed by the judge, AND ALL PARTIES TO THE AGREEMENTS,,,JPM, FDIC, WMI. ET.AL,. and yes, I hold worthless escrows, accepted shares in the new company, sold PUT and Call options for 12 years, and now in CASH, having sold my stock at options expiration on Friday...I hold no illusions about returning money, or stock from a company which no longer exists...I post to learn something from this board from the collective knowledge from all who post.. but, when someone posts B.S. , I will counter his arguments, such as with ron.... he posts, but he will not defend is assertions with documents, or links, but hides behind the ignore button....Lodas

LODAS, you have such a selective memory.

OTS and WAMU had an agreement IN WRITING as to how the bank was to be recapitalized and that agreement was being fulfilled when the FDIC strong armed OTS into pulling the pin on the grenade and killing the bank.

It has been said that computer model stress testing (had it been used) would have show WAMU to be more solvent than JPM.

It is common knowledge that for the first time in the history of FDIC, a bank was closed on a Thursday. Lo and behold, there were 4 BILLION dollars in transit as part of that OTS agreement. Could it possibly be that if that 4 BILLION dollars had arrived, FDIC would not have been able to scream "INSOLVENT" and close the bank? Is that why it was done on a Thursday?

It is also common knowledge that the auction to sell WAMU was suspicious at best and that the end result was that JPMC bought the bank for a song and a dance (less than 2B with 4B on the way), showed a gain of 30B on their balance sheet because of it WHILE AT THE SAME TIME all other bids were rejected as being non-conforming. AND don't forget this auction happened within 24 hours of the seizure of the bank. HOW can anyone do due diligence in that time frame? Yes the auction was suspicious!

With these pieces of information it is very easy for a reasonable to connect the dots and come to the conclusion that WAMU was sacrificed on the altar of capitalism to save JPM because the East Coast bias feared the crash of JPM would have been the end of the US Economy.

You can agree or disagree, I don't give a flying fornication against a rolling donut.

BUT IF the FDIC sacrificed WAMU, then it is ABSOLUTELY TIME for this CHARADE TO END and the shareholders to be compensated. I am sick and tired of you spreading your unique brand of random bovine defecation to make anyone who thinks they are still owed money feel like they are less than mentally capable.

What we believe and why is none of your concern. If we get paid or not, it is none of your concern UNLESS you held escrow markers.

hey ron?.....still hiding behind the ignore button?... I destroyed your argument that WMIIC is still in existence with a 10-K issued to the SEC, yet, you wont respond with a rebuttal to defend your feckless position...your credibility is gone.... quit posting.... Lodas

PODAS BL BL BL BL BL BS BS BS BS BS BS BS BS BS

do you think that Kerry Killinger and his band of BOD's were somehow the cause of WAMU's failure instead of the OTS???.....not once have you ever placed the blame where shoddy business, personal, and home loans belongs.... The FDIC did not make those loans!!!!!....the Management did under the aegis of Killinger!!!!....hire a lawyer if you got a beef with the way WAMU was "run in the dirt by these dirtbags"...., and stop with messages that have nothing to do with the issues being discussed.... I CAN ASSURE YOU THAT THE FDIC IS NOT GOING TO PONY UP 69 BILLION DOLLARS to make shareholders of any failed banks that they managed in receivership!!.... Lodas

Too Big to Fail
https://www.fdic.gov/news/speeches/2025/three-financial-crises-and-lessons-future
In addition to these extraordinary interventions to prevent the failure of large institutions and the financial system, from 2008 through 2013 nearly 500 banks failed, including the largest failure in the FDIC’s history, Washington Mutual with $300 billion in assets. These failures would eventually cost the Deposit Insurance Fund approximately $69 billion.

As i suggested.

I saw it. Now, why don't you investigate what the FDIC's Deposit Insurance Fund purpose is and who it benefits. https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175682849

If you chose not to educate yourself then it's on YOU, not me.

Especially Reiko... acts like that, i think that user has its own motives.

$6,900 for P and 6.9x 2.2 =15.18 for commons!

If FDIC has to pay $69 Billion eventually, who would get what?.

Especially Reiko... acts like that, i think that user has its own motives.

hey ron?......I took the time and courtesy to post the link to the Dec 2013 10-K which stated WMIIC Trust held no assets as it was emptied, and subsequently closed down , and the assets placed in the WMIL-T for dispersion to settle creditor, and equity claims in the chapter 11 restructuring.... where is your rebuttal if you DO NOT AGREE????.... so, in the absence of any reply from you, all your creditability is gone, and you need to make an apology to all your followers......Lodas

Meaning?? Still looking for near but confident. At least the pps is moving.

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175685041

Shelia B said on TV: There was no cost in case of WAMU bankruptcy.

HEHEH depends on which other board, it is NOT A COOP BOARD

It is another bank stock which MANY HERE were/are in as well, they were the ones that originally took on the FDIC over a 5th taking case AND WHY I bought a bunch of it at the time, but latter dropped it, IN THE BEST INTERESTS OF SHAREHOLDERS, we are still waiting to see if that is in fact the truth.

BBAN, I don't see this on the 'other board'??

you say that is lawyers fee?.,LOL.There are posters on this board who are incredibly resourceful! They seem to know it all. Too funny.

Compliment of FRED from another board

"".LAR LAR DEAR: I ain't gotta clue as to WTF just happened........???......UBS legal wizardry....???......the FDIC shameful manipulations.......???.....BOTH.....NEITHER.......

....................NAOMI could shut down both LIBOR cases, which triggers the termination of the WaMu and UWB RECEIVERS......or, NAOMI could stir up new legal cases and start a whole new round of LITIGATIONS (plural)..............the related case SETTLEMENT should be a done deal.......why could the FDIC and city of BALTIMORE stop the related case settlement................via the FAIRNESS HEARING...........????.............

.....then, BAC, via Merrill-Lynch is front and center of both LIBOR cases.............

.....BOTH CASES SHOULD CLOSE, in whatever fashion.....NAOMI knows this......last minute legal chicanery is BIZARRE.......but, REALITY..............

........

The FDIC is holding a 14.6 billion dollar loss on the balance sheet of WAMU.....its been 17 years since the receivership happened, and not one cent has returned.... go get a job, and stop posting cra*p on the message board.....why dont you ever blame Killinger and his BOD for your losses????......Lodas

"EVENTUAL COSTS TO FDIC WILL BE AROUND $69 BILLION AS PER FDIC CHAIRMAN" for the first time he mentioned about the resolutions of 2008 crisis. IMO, majority would go towards WAMU resolution book value as per PAA.

Thank you for the link. Yes I have done some research and feel that simplifying into Servicing and eliminating the higher capital costs and interest rate sensitivity for Mortgage origination is a smart move..


Looking forward to the wonderful future here.

JHD

Reiko....you read it and no questions posed. That itself speaks, you can manipulate the words from FDIC chairman. $69 billion!!!!, you say that is lawyers fee?.,LOL.

Jhdf51, this is not a new strategy for Mr. Cooper Group. They did the same thing when they acquired a wholesale mortgage division from Pacific back in 2020. https://www.housingwire.com/articles/mr-cooper-shutters-wholesale-lending-channel/#:~:text=%E2%80%9CAfter%20careful%20consideration%2C%20Mr.,team%20has%20successfully%20grown%20Mr.
This give a better explanation as to why. Mr Cooper’s wholesale mortgage lending accounted for less than 5% and it was more lucrative to focus on Mortgage Servicing and Originations. I hope this helps. Still, it’s the best Strategy going forward. Off their books, they get the money for the sale and still have an invested interest partnership in the Acquirers company. Win Win for both.

Yes....this will be a monster

Benzinga.com financial which I don’t subscribe to..

“January 14, 2025 12:29 PM1 min read

“Mr Cooper Will Continue To Gain Share In Servicing, Origination Market: Analyst”

Yep .. they will be the monster.

JHD

Now onward to $150 then $200…..

These next four years should be great!

Today my wife and I were reminiscing about all the years that have gone by since our investment in Washington Mutual…started when I was driving my daughter to college. Wow …

JHD

Really don't care what you do....the message was to the individual that posts he bought in single digits and sold at 50.00 with every post....you sold to pay your bills and make your life better good for you..do you understand.  That was a decision for you....it seems it paid off.....however you don't run it everyone's face.....unless you are cactus.....then ok....

Oh please don’t spread any more horse manure here with your gov insider lying!

Crypto guru.....I bet you are wishing you bought bitcoin in 2012......just went over 100k again.....

I saw it. Now, why don't you investigate what the FDIC's Deposit Insurance Fund purpose is and who it benefits.

Reiko... did you read the link where FDIC talked about $69 Billion eventual costs to it towards 2008 crisis?. or just acting as if you did not see it?. LOL.

Which part of this do you find troublesome to understand, exactly?

„The resolution of WAMU through the P&A Agreement was completed at no cost to the Deposit Insurance Fund.“

Close 103.68 pps + 2.24 -+ 2.21% live feed 😉

GoGooooooCOOP
Have a great evening people GLTA-Ts😀

If I buy any thing and it goes from 5 to 50 it is a big win... don't be a hater that you did not do that. I know I didn't do that and I wish that I had of done that!!! Yea the stock went to 100 but I know my crystal ball for future telling doesn't do squat. So pick what will the stock be in 6 months and then in a year??? Yea you don't know because you can not read the future any better than anyone else. I know I sold some stock to pay for a tuition bill and paid off 2 cars... Boo hoo hoo life happens and I am ok with what I did at the time. I will sell more sooner or later to pay for life so go ahead and say I should not do it... Come on say it... Until you pay my bills don't try to tell others what they will or not do because you just sound uneducated!!!! A 5 to 50 is what I wish I could do all day long!!!! That is a big win for whoever did it. My 20,30, 40, 50 60... to 100 is a win but not as big so don't I feel bad... Nopey not at all... Im winning also just not quite as much and I am good with that!!!

Have a great day and know the haters rode the little bus to school!!!
EXO

I’ gathered some more information that COOP’s mortgage business was about 2.4% of the total United States mortgage business back in 2020 and it felt to less than half percent in 2023.

Conversely, their servicing business in 2020 was about 20% of their total revenue and 80% mortgage origination and that flip-flopped in 2023 so they’ve been having their eye on the ball about servicing and this has perhaps been in the works for sometime and it makes sense to simplify. Onward to $200 per share! 😊



JHD

Well...it isn't exactly clear Newfie, because we don't know the details. It could have been 68B for WAMU and the other billion for everyone else.