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Mr Cooper Group Inc

Mr Cooper Group Inc (COOP)

81.77
0.13
(0.16%)
At close: June 24 4:00PM
81.77
-0.06
( -0.07% )
After Hours: 6:07PM

Your Hub for Real-Time streaming quotes, Ideas and Live Discussions

Key stats and details

Current Price
81.77
Bid
81.18
Ask
82.24
Volume
632,221
81.19 Day's Range 82.37
0.00 52 Week Range 0.00
Market Cap
Previous Close
81.64
Open
81.84
Last Trade
1
@
82.39
Last Trade Time
17:34:30
Financial Volume
$ 51,681,135
VWAP
81.7454
Average Volume (3m)
-
Shares Outstanding
64,720,963
Dividend Yield
-
PE Ratio
10.59
Earnings Per Share (EPS)
7.73
Revenue
1.83B
Net Profit
500M

About Mr Cooper Group Inc

Mr. Cooper Group Inc is a home loan servicer. The company focuses on delivering a variety of servicing and lending products. It has two operating segments namely Servicing, and Originations. The company derives the maximum revenue from the Originations segment. The Originations segment originates re... Mr. Cooper Group Inc is a home loan servicer. The company focuses on delivering a variety of servicing and lending products. It has two operating segments namely Servicing, and Originations. The company derives the maximum revenue from the Originations segment. The Originations segment originates residential mortgage loans through a direct-to-consumer channel, which provides refinance options for existing customers, and through a correspondent channel, which purchases or originates loans from mortgage bankers and brokers. It also provides technology and data-enhanced solutions to home-buyers, home sellers, real estate agents and mortgage companies. Show more

Sector
Finance Services
Industry
Savings Instn,fed Chartered
Headquarters
Wilmington, Delaware, USA
Founded
2018
Mr Cooper Group Inc is listed in the Finance Services sector of the NASDAQ with ticker COOP. The last closing price for Mr Cooper was $81.64. Over the last year, Mr Cooper shares have traded in a share price range of $ 0.00 to $ 0.00.

Mr Cooper currently has 64,720,963 shares outstanding. The market capitalization of Mr Cooper is $5.30 billion. Mr Cooper has a price to earnings ratio (PE ratio) of 10.59.

Mr Cooper (COOP) Options Flow Summary

Overall Flow

Bearish

Net Premium

-124k

Calls / Puts

0.00%

Buys / Sells

0.00%

OTM / ITM

100.00%

Sweeps Ratio

0.00%

COOP Latest News

PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
10000000CS
40000000CS
120000000CS
260000000CS
520000000CS
1560000000CS
2600000000CS

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COOP Discussion

View Posts
ron_66271 ron_66271 7 minutes ago
nhtrader; Can You Supply a Hard Date?

We all know that JPM didn’t ‘buy’ WMB for $1.88B. We all know that was just an admission fee. The FDIC told us!

We all understand your frustration because we are living it too.



Ron
👍️0
nhtrader nhtrader 17 minutes ago
Cheeeky w the word "soon" seeing as it's been tossed around here for years. I was wondering if you really still hold to coop doing the share reduction way before years end?
👍️0
ron_66271 ron_66271 29 minutes ago
Asset Backed Securities are Asset Backed!

Example;
The WMB Notes were backed by $26 Billion in assets to cover ~$13 Billion in Bonds.

Using the 11.9% loss rate established by Globic is;
$26B x (1-.119) = $22.906B to cover the WMB Covered Notes. The Notes assets paid for themselves.
Hence; Covered!
Job DONE!

Similar theme for the Series R.
I have already explained/proven the Series R performance payments.

Or prove me wrong! 🤪



Ron
👍️ 2
ron_66271 ron_66271 42 minutes ago
Retirement Funds Invest in Safe Cash Flow.

ABS/RMBS were/are outstanding insured cash flow investments.

LIBOR litigation is all about back settling the unpaid derivatives insurance contracts from 2008 by the Big Banks.


Filed today
4081
“NOTICE OF VOLUNTARY DISMISSAL PURSUANT TO FED. R. CIV. P. 41(a)(1)(A)(i). Pursuant to Rule 41(a)(1)(A)(i) of the Federal Rules of Civil Procedure, Procedure, Plaintiffs National Asbestos Workers Pension Fund, Pension Trust Fund for Operating Engineers, Hawaii Annuity Trust Fund for Operating Engineers, and Operative Plasterers' and Cement Masons' International Association Employees' Trust Fund (collectively, the "Plaintiffs"), by and through their undersigned attorneys, hereby dismiss this action in the above-captioned matter Nat'l Asbestos Workers Pension Fund v. Bank of Am. Corp., No. 1:15-cv-01334-NRB (S.D.N.Y.), without prejudice, against Defendants Bank of America Corporation; Bank of America, N.A.; Bank of Tokyo-Mitsubishi UFJ Ltd.; Barclays Bank plc; Barclays Capital (Cayman) Limited; Citigroup Inc.; Citibank, N.A.; Coperative Centrale Raiffeisen-Boerenleenbank, B.A.; Credit Suisse Group AG; Deutsche Bank AG; HSBC Holdings plc; HSBC Bank plc; JPMorgan Chase & Co.; JPMorgan Chase Bank, N.A.; Royal Bank of Canada; The Norinchukin Bank; The Royal Bank of Scotland Group plc; Societe Generale, S.A.; and UBS AG. Plaintiffs reserve all rights to make claims as class members in any future class settlements in the above-captioned MDL litigation as appropriate. So ordered., (Bank of Tokyo-Mitsubishi UJF Ltd., Barclays Bank Plc, Barclays Capital (Cayman) Limited, Barclays Capital (Cayman) Limited, Citibank, N.A., Citigroup, Inc., Cooperatieve Central Raiffseisen-Boerenleenbank, B.A., Credit Suisse Group AG, Deutsche Bank AG, HSBC Bank PLC, HSBC Holdings plc, JPMorgan Chase & Co., JPMorgan Chase Bank, N.A., Royal Bank of Canada, Societe Generale, S.A., The Norinchukin Bank, The Royal Bank of Scotland Group PLC, UBS AG, UBS AG, Bank of America Corporation and Bank of America, N.A. terminated.) (Signed by Judge Naomi Reice Buchwald on 6/24/24) Filed In Associated Cases: 1:11-md-02262-NRB, 1:15-cv-01334-NRB”

https://www.docketbird.com/court-cases/In-re-Libor-Based-Financial-Instruments-Antitrust-Litigation/nysd-1:2011-md-02262



Ron
👍️ 3
AZCowboy AZCowboy 42 minutes ago
~ Hi Guy's ... It's All Good IMO, it's just takin a verrrrrry long time is all ... "on purpose" ... COOP's going to "Tell" Us with the trading platforms reset announcement' IMO "soon" ~

When I'm Just Foolin' Round With "COOP", the 2018' "Acquired" Subgroup, was obviously needed to service loans' (also admitted with their own words) LOL' ... ? ? ? ?

the, ... ol' cactus, rounded napkin math' ... without using a calculator, or ai' ... LOL' ... reveals that nobody gets a return on what wasn't their's in the first place ... right ?

$188 Billion in Client owned Bank Deposits ... sorry, but these Bank Deposits actually belong to the actual depositors' ...

$7.4 Billion in WMI's WMB Note / Euro Bond participation, Not Being WMI SEC Reported ... sorry, but this $7.4 Billion belongs to an actual WMB Note / Euro Bond Owner, like ol' cactus ...

$14 Billion in unsettled and still open WMB Note FDIC Claims ... sorry, but this claim is irrelevant', as the WMB Notes, are currently ALREADY being serviced by a Sub of XXXX ... AND' ... these Bonds actually belong to an actual WMB Note / Euro Bond Owner, also like ol' cactus ...

$32 Billion in WMI assets initially recorded in the 2008 Chapter 11 Filing ... initially filed in 2008' with Docket # 0002, By S Landefeld with $32 Billion minus $8 Billion ...

$65 Billion in the Settled Judge Collyer DC' Dual Track ... sorry, but these Globic DC Court Settled and cusip listed' and proven ABS Cert Trusts' ... produce an interest return to an initial Trust Participant, ... like WMI' and Deutche Bank ... Interest Returns' as a profit for participation ... DC Settled with an 11.9% loss ration only' not to shabby'
-------------------------------------------------------
... $306 Billion ...
-------------------------------------------------------

... minus the - $7 Billion in WMI's own deposit and tax credits ... Used' to settle Judge Walrath's Plan 7's WMI Reorg's Approved Creditors ...
-------------------------------------------------------

... per the FDIC Leaves $299 Billion ? ? ? ? ... LOL' ... "Abba Da Ayy" ... yep, that took about 30 seconds', a napkin, a pencil, and a cold one ... LOL'

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

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174625757

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174643535

... COOP Goes First ... COOP, the "Acquired" Subgrouping will reset the trading platform back to its 2018 100 million shares' out ... what do cheeeeky mean ? ?

just sayin'

AZ
👍️ 1
xoom xoom 1 hour ago
Thanks AZ, seems your napkin and the FDIC napkin are the same (from the math perspective)
You don’t need to verify with anybody else.
GLTA believers
👍️ 2
nhtrader nhtrader 1 hour ago
Thx AZ, are you still thinking soon or very soon? Or were you just being cheeky?
👍️ 1
AZCowboy AZCowboy 1 hour ago
~ Just Foolin' Round With "COOP", the 2018' "Acquired" Subgroup, needed to service LOL' ~

So lets see ... some ol' cactus, rounded napkin math' ... nope, and I'm not using a calculator, or ai' ... LOL'

$188 Billion in Client owned Bank Deposits
$7.4 Billion in WMI's WMB Note / Euro Bond participation, Not Being WMI SEC Reported
$14 Billion in unsettled and still open WMB Note FDIC Claims
$32 Billion in WMI assets initially recorded in the 2008 Chapter 11 Filing
$65 Billion in the Settled Judge Collyer DC' Dual Track
-------------------------------------------------------
... $306 Billion ...
-------------------------------------------------------

... minus the - $7 Billion in WMI's own deposit and tax credits ... Used' to settle Judge Walrath's Plan 7's WMI Reorg's Approved Creditors ...
-------------------------------------------------------

... per the FDIC Leaves $299 Billion ? ? ? ? ... LOL' ... "Abba Da Ayy" ... yep, that took about 30 seconds', a napkin, a pencil, and a cold one ... LOL'

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

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174625757

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174643535

... COOP Goes First ... COOP, the "Acquired" Subgrouping will reset the trading platform back to its 2018 100 million shares' out

just sayin'

AZ
👍️ 3
goodietime goodietime 2 hours ago
"Libor is done".....Ignorant much?
👍️0
garyhalvo garyhalvo 2 hours ago
I can’t believe that Rosen was shutdown by Susman in court and got bitch slapped by the judge in chambers and then he came out saying that they will all meet over the weekend. That stack of binders went right into the garbage.
👍️ 2
ReikoBlack ReikoBlack 2 hours ago
They went after Goldman Sachs but unfortunately nothing became of it. (the kccllc link is a dead link.)

Date Filed: 11/30/2012
Motion by WMI Liquidating Trust for an Order Authorizing an Examination of Goldman Sachs Pursuant to Bankruptcy Rule 2004
http://www.kccllc.net/wamu/document/0812229121203000000000001

"1. WMILT seeks authorization to conduct discovery into potential claims against Goldman Sachs for breach of contract and related causes of action. Evidence recently developed by WMILT's Litigation Subcommittee suggests that these claims could be a source substantial value to WMILT's remaining creditors and WMI's former equity holders."

What happened to these “Retained Assets”? Did the LT pursue these claims and secure any value for them?
👍️0
novascotiaSTS novascotiaSTS 2 hours ago
What happened to these “Retained Assets”? Did the LT pursue these claims and secure any value for them?
👍️ 1
novascotiaSTS novascotiaSTS 3 hours ago
the liquidating trust can go ahead and pursue them

Why don’t you update everyone what happened to the LT and its pursuit of these assets?
👍️ 2
newflow newflow 3 hours ago
lode kb what is monetization of assets?., " Beyond this, the Bankruptcy Court and WMILT have merely waited for the final reconciliation of remaining claims and monetization of assets."
Page 21
https://www.sec.gov/Archives/edgar/data/1545078/000119312519294873/d834622dex991.htm
👍️0
lodas lodas 3 hours ago
b3...probably you are right, and, I am sorry that you lost your money in WAMU, as I believe that you posted in an earlier missive....I cant speak for the actions of Secretary Paulsen, and Geithner, Sheila, and the rest of the players that brought Wamu down, but lets put the blame on Kerry Killinger who ran WAMU recklessly with ARM sub prime loans, and his failed expansion in the midwest because he wanted to make WAMU the "walmart" of banking...... The otc warned Wamu long before the financial crisis began to take action to shore up the values holding the bank lending.... then Paulson advised kerry to find a buyer for the bank because of the impending crisis was starting to unfold in the housing market... JPM sent his auditors in "project West" for a buyout of WAMU but offered 8 dollars per share... this was just before the 2008 crisis when the stock was still had value, and the short selling, and depositors withdrawals had begun... was 8 dollars per share a fair value"... maybe , but maybe not, but the alternative was better than receivership... when the financial crisis hit, WAMU's stock was "junk". falling in value, and short sellers took whatever value in the stock was left, the FDIC-R took it to save their butts from further withdrawals... remember, WAMU claimed 180 billion in deposits... 16.5 billion was already drained and the FDIC was faced with a total withdrawal of 180 billion.... thats why they shut WAMU down....as a prologue to my post:..... just think of what would have happened if Killinger took the 8 dollars that was offered for the stock...JPM was selling for about 54 dollars per share, and now sells for over 200 dollars per share... you would have lost NOTHING, and now actually be worth more if JPM would have given you stock for your old shares in WAMU.. after all, it would have merely been a NAME CHANGE FROM WAMU TO JPM FOR THE BETTER..... however sadly, because of the hubris of Killinger, his action to not be acquired by JPM caused million of dollars lost, job losses, suicides, divorces, and wasted years of waiting by those on this message board waiting for money....there is no doubt JPM benefited handsomely, but WAMU was Killingers to lose, and he played a high stakes game with financial sharks , and lost... again, I am sorry for your losses.... Lodas
👍️ 1
PickStocks PickStocks 3 hours ago
Yet….no distractions…..the bk is closed…WMILT is closed…..Libor is done….and no indication a distribution is happening….Coop is the tell..
👍️ 1
ChangnoiPlaza ChangnoiPlaza 3 hours ago
if it says assets, there are assets in it
👍️0
lodas lodas 3 hours ago
take a lesson in financing.... when you cant make the payments on the loan for the car you financed, the bank takes it back!!!!!.... WAMU used depositors, Federal Funds, Bond holders money which are secured loans on assets and property of WAMU/WMI.....when short sellers drained the stock values, and depositors withdrew their money from, the bank accounts, the values supporting those MBS were gone, and left the FDIC with 16.5 billion dollars in the hole....why? ..... the FDIC has an obligation to to insure that 16.5 billion dollars by law....now, when WAMU lost it with bad investments in sub prime lending, and short sellers decimated the capital stock from the mid 40's to single digits, the OTC stepped in and closed WAMU down... whatever equity WMI held in WAMU was taken and given to JPM for 1.89 billion dollars to stop further losses to the FDIC....Lodas
WMI stated that they had 320 billion in assets.... try these numbers.... 299 billion that the FDIC is holding + 16.5 billion in deposit withdrawals= 315.5 billion....these numbers are what WMI claimed they had in assets.... sound familiar??
💩 1 🚫 1
b3 b3 4 hours ago
The Thursday night raid of WAMU in '08 was more than about one Bank making bad investments, and coming in to 'save' the Bondholders of WAMU. The bigger story was about the fact that the entire USA Banking System was going to collapse. Every single Bank was feeling the strain in '08. When the FED stole WAMU, the entire process was about unvaluing all the assets of WAMU, giving them away at pennies to the dollar, and then 'inflating' the balances sheets of the remaining Banks to make them look healthier, and to stop the crisis. WAMU equity disappeared, but then magically appeared in JPM, etc.

WAMU helped save the US Banking System....PERIOD. That is a fact. There should be talk about compensating former equity shareholders, but I don't see that going on except on a couple message boards. Congress should be talking about this.
👍️ 2
ChangnoiPlaza ChangnoiPlaza 4 hours ago
oh yeah, the FDIC can't distinguish between assets and MBS *eyerolling*
👍️ 1
lodas lodas 4 hours ago
This 299 billion dollars in MBS will never accrue to shareholders of the old estate... why?.... these MBS were sold and packaged to investors who bought them..... the money WAMU got to make these mortgages were obtained from depositors, Fed Funds, and other offerings.... WAMU took the money and invested in an expansion of banks in the midwest and this investment went sour when the sub- prime loans on real estate collapsed... when the financial crisis hit in 2008, bank deposit withdrawals, and short selling caused WMI stock to go below TIER 1 values,and the OTS stepped in an closed WAMU down....JPM assumed the 180 billion dollars in depositors funds, and folded WAMU into JPM Chase... JPM got the stock of WMI which later WMI abandoned as part of the GSA, and chapter 11 agreement...The FDIC is holding a 14.5 billion dollar deficit in the receivership balance sheet for WAMU... so my point?.... do you really think the FDIC is going to give WAMU/WMI this money, after WAMU borrowed these funds, made money on them, and then lost it to bank runs, and short selling?....stop the nonsense on these spurious messages.... Lodas
🐂 2 💩 3 🚫 1
Large Green Large Green 5 hours ago
WaMu 299 BILLION TOTAL ASSETS PER THE FDIC

'Excludes WAMU with total assets of $299 billion and zero estimated losses to the DIF 299 Billion in Assets - This Number should Come Up Again

https://www.fdic.gov/about/financial-reports/corporate/cfo_report_3rdqtr_15/0915_cfo_report.pdf

Bottom of page 7 below pie chart

'Excludes WAMU with total assets of $299 billion and zero estimated losses to the DIF
_________________________________________

Infamous WaMu Holy Grail-Retained Assets Transcript-

Pages 70-72

We also have in there the part (b) of what is to be retained, and that is because in

negotiations that we had with all of the settling parties, with the equity committee

last week, with the FDIC, we did talk a great deal about the concept of the retained assets

Now, it's my position, Your Honor, that the examiner doesn't need to do

much with the retained assets other than say the assets are retained and therefore

the liquidating trust can go ahead and pursue them. They will still be there; they

can be carried through. But I understand that the equity committee is very

interested in having a neutral third party investigate those retained assets.


...
👍️ 5
PickStocks PickStocks 8 hours ago
Yes…..buy more is the game and when it drops when they add the new shares to the total…..buy more…
👍️0
jhdf51 jhdf51 8 hours ago
Yep. Can’t wait till it’s revealed. Right now, just a lot of hedge funds and institutional trading back-and-forth.

JHD
👍️0
BBANBOB BBANBOB 9 hours ago
As we all seem to agree, COOP is being built to be huge and many have no problem at all buying all they can, BEFOREEEEEEEEEEEEEEEEEE
👍️0
jhdf51 jhdf51 10 hours ago
Has to be something like that because it doesn’t do much for the stock those large buys.

JHD
🤡 1
JusticeWillWin JusticeWillWin 10 hours ago
👉👉👉LATEST $COOP price targets==>Wedbush:$100, Compass Point:$97, Barclays:$94, KBW:$92, DEUTSCHE BANK:$90, Piper Sandler:$88, UBS:$86
👍️ 1 💤 1 💲 1
Bill48 Bill48 11 hours ago
That’s a real good possibility !!! Controlling the price and low volume !
👍️ 1
BBANBOB BBANBOB 11 hours ago
JHD
I have suggested many times over the years when we had 200 plus hedge funds and investment groups in WMIH that, THEY COULD POSSIBLY BE STRAW BUYERS for someone trying to hide their over all positions here........................
👍️ 2 🤡 1
ChangnoiPlaza ChangnoiPlaza 17 hours ago
Some people feel the rain, others just get wet.
👍️0
Bill48 Bill48 22 hours ago
You know I think you are right! It’s not up to them to withhold any tax for anyone! We will be responsible to pay taxes individually !! According to our income and regular tax returns!
👍️0
Bill48 Bill48 22 hours ago
Thanks! I guess it depends on how we get paid! Cash money! Shares!! And so on! Good luck to you and thanks for your input here!! Much appreciated!
👍️ 1
Royal Dude Royal Dude 22 hours ago
Zero taxes imo
👍️ 2
Royal Dude Royal Dude 23 hours ago
How about where it is a settlement unless we keep it sticky
👍️0
hexson hexson 23 hours ago
It takes two to tango- Our time here is shared, and it’s simply a matter of perspective. One will see it as a waste, the other and stoicism, but in the end, we’re all here aren’t we?
👍️0
Bill48 Bill48 1 day ago
What do you escrow holders think the tax rate will be for us holders when we get our settlement! 28 percent 33 percent or 40 percent? Thanks in advance!!
👍️ 1 🤡 1 🦄 1
jhdf51 jhdf51 1 day ago
Which I’m happy for but why did the seller sell?

I know there are many reasons…

Thank you

JHD
👍️0
BBANBOB BBANBOB 1 day ago
NO it takes a buyer and a seller to complete the transaction
Seller put em up for sale the buyer bought em and they've shown both transactions
🤡 2 🤣 1
pokerguru pokerguru 1 day ago
Man, I love standing in the rain sometimes. A hot summer day and a light to moderate rain starts to fall....there is nothing better. Sometimes fishing in the rain is good too. The rain causing the fish to bite. I remember those days well.
👍️0
Bizreader Bizreader 1 day ago
I'm honored that you are in so much reaction to my well stated position and by the way I love the rain with and without an umbrella.
👍️0
dragoon76 dragoon76 1 day ago
Funny that you mentioned that. I IMMEDIATELY thought about Lodas, LOL.
👍️0
Bizreader Bizreader 1 day ago
I'm impressed every time so you know what can I say you know even if we don't ever see the money in our lifetime this is just an incredible show of determination.
👍️ 1
PickStocks PickStocks 1 day ago
Quote: “If one believes we do not have money coming back from a 65 billion tranche of MBS, then it would be hard to believe we would have any coming back from theses MBS trusts period – Pure nonsense – IMHO “.

The only way this does not become nonsense is if there is a distribution….coming soon…..until then it is what it is….
👍️0
jhdf51 jhdf51 1 day ago
So what does that mean..a cancel?...sell and then buy?
👍️0
PickStocks PickStocks 1 day ago
This only becomes valid if there is a distribution….you are right no discussion needed because there is nothing returned unless for your special accounts they magically appear….coming soon…
💤 1 🥱 1
lodas lodas 1 day ago
o.k.....so lets assume for your sake that WMI is going to return more assets to you after the chapter 11 is now closed 11 years ago..... by what means will they transfer the money, or stock?
(1) will they have to reopen the chapter 11?
(2) what is the "trigger" for this event to happen after all these years? is there a specific clause stated recently by WMIH, Coop, XXXX that will alert shareholders of this eventually recovery? (3) if the FDIC closes the receivership with all "secured claims" not fully paid, will this still result in payment to equity and preferred unsecured claims being paid?
(4) who , or which corporate entity transfer the money or stock.? will it be WMI (now presumed succeeded by WMIH), WMIH now named Coop, or XXXX for which previous shareholders have no ties to, because there are no legal shares registered in your name to a company called XXXX because it is legally sanctioned outside of SEC official filings to file documents...finally,
(5) is there a specific timeframe for this event in the future that any company obliged to make this payment in your account..., any what are your expectations that if the said company does not honor this "implied return of money to you", will you go to court and sue them?.......Lodas
👍️ 1 💩 3
Royal Dude Royal Dude 1 day ago
This post will take a while because of deletion and completion. Money Included in the Sellement, The BK is done and they could not get thier hands on this value. This is not a complete list. See, I already forgot the DSTusts I can't predict that someone may get that estimate.

From the FDIC

121 Bil Fdic $121 Billion
16.3 Billion/13.4 Basis points = $121,641,791,002

"Special assesment"
11 B 11.0 Bil + 121 B (from tne redemption of qrst series P's
to NN p's).
Series UQRS = 2.5, 3.0, .5, 2.5, 2,5 = $11 B


2. RWMAX Washington Mutual Fund
181 Bil (2,500,000 Depositary Shares) $181.Bil


3. Series A/Not to exceed $130 Bil


4. $200 pps 2,500,00 (depositay shares = 50 Bill

JPM is in the center of all of this between our value of WMI and the Control of COOP. The proceeds will be buried into WMI and hiding behind the FDIC to protect their envolvement. I will not be adverse in receiving JPM Stock. The P's will be well healed as well for $10,000 pps even if it is a 5-10 year plan AJMO
Total distribution to us real $$$ Total + 493 Bil
👍️0
Large Green Large Green 1 day ago
Tie In 65B DB/FDIC/JPM Settlement & Akim Gump Court Transscript More Facts Arise

Some Investors Need To Take Note of What Was Said in The COURT TRANSCRIPT

The legal group Akin and Gump are discussing the scope of what the Examiner can examine and what he cannot examine. We also have in there the part (b) of what is to be retained, and that is because in negotiations that we had with all of the settling parties, with the equity committee last week, with the FDIC, we did talk a great deal about the concept of the retained assets.

Now, it's my position, Your Honor, that the examiner doesn't need to know much with the retained assets other than say the assets are retained and therefore the liquidating trust can go ahead and pursue them. They will still be there; they can be carried through. But I understand that the equity committee is very interested in having a neutral third party do an investigation of those retained assets.

--------------------------------------------------------------------

This settlement is based on the 65 billion face amount of MBS. The Calif Judge was very concerned about all investors (including the “Moms and Pops” as the Judge coined it) being notified properly. i]

• If one believes we do not have money coming back from a 65 billion tranche of MBS, then it would be hard to believe we would have any coming back from theses MBS trusts period – Pure nonsense – IMHO

• We have shown and proved that JPM only got Servicing Rights and more – See Below

______________________________________________

WaMu Asset Acceptance Corp., as Securitizer, is filing this Form ABS-15G in respect of all mortgage-backed securities representing interests in pools of residential mortgage loans for which it acted as depositor and which are outstanding during the reporting period. On September 25, 2008, JPMorgan Chase Bank, National Association (“JPMCB”) acquired the banking operations of Washington Mutual Bank from the Federal Deposit Insurance Corporation (“FDIC”). It is JPMCB’s position that certain of the repurchase obligations of Washington Mutual Bank remain with the FDIC receivership. Assets are reported herein in accordance with Rule 15Ga-1 regardless of the validity of the demand or defenses thereto, and nothing in this report shall constitute, or be deemed, a waiver of any rights, defenses, powers or privileges of any party relating to these assets.

http://whalewisdom.com/filer/wamu-asset-acceptance-corp

See FOOT NOTE ONE - Following Link

http://www.sec.gov/Archives/edgar/data/1317069/000092963815000128/wamu-67348_abs15g.htm

http://www.sec.gov/Archives/edgar/data/933136/000090951810000371/settlement_agr.htm

Exhibit Z

Loan Servicing. From and after the Effective Date, JPMC shall (a) cause such of its Affiliates to continue to service the loans identified on Exhibit “Z” hereto (the “Loans”) pursuant to the servicing agreements identified on Exhibit “AA” hereto (the “Servicing Agreements”), (b) cause such of its Affiliates to remit to WMI all checks and/or payments received in connection with those loans in its possession and (c) promptly (i) remit to WMI all servicing advances that JPMC is holding with respect to such loans and (ii) provide WMI an accounting with respect to each of the foregoing. Notwithstanding the foregoing,[/color] any dispute that may arise relating to the servicing of such loans during the period from and after the Effective Date shall be brought pursuant to such servicing agreements and this Agreement is not intended to create any additional rights, obligations or remedies. The Parties acknowledge and agree that (y) the Loans are the only loans that are or will be, from and after the Effective Date, serviced by the JPMC Entities (or their Affiliates) for the WMI Entities (or their Affiliates or their successors in interest) and that the Service Agreements are the only servicing agreements between the JPMC Entities (or their Affiliates) and the WMI Entities (or their Affiliates) and (z) with the exception of the obligations set forth in this Section 2.19, the JPMC Entities (and their Affiliates) shall have no further obligations or liability to any of the WMI Entities (or their Affiliates) with respect to or in any way related to the servicing of any loans for the WMI Entities (or their Affiliates).

Notice that it says WMI and NOT WMB so WMI is STILL ALIVE as we posited?

Also notice that most of the loans are single family residential loans?

And let's see what is noted in the P&A between FDIC as RECEIVER of assets from WMB and JPM. Closing date 25th of September 2014.

Let's zoom in on Schedule 3.2 (it is called PURCHASE PRICE OF ASSETS by the way, to avoid any misinterpretation):

(a) cash and receivables from depository Book Value
institutions, including cash items in the
process of collection, plus
interest thereon:
(b) securities (exclusive of the capital stock of Market Value
Acquired Subsidiaries), plus interest
thereon:
(c) federal funds sold and repurchase Book Value
agreements, if any, including interest
thereon:
(d) Loans: Book Value
(e) Other Real Estate: Book Value
(f) credit card business, if any, including all Book Value
outstanding extensions of credit:
(g) Safe Deposit Boxes and related business,
safekeeping business and trust business, if Book Value
any:
(h) Records and other documents: Book Value
(i) capital stock of any Acquired Subsidiares: Book Value
(j) amounts owed to the Failed Ban by any Book Value
Acquired Subsidiar:
(k) assets securing Deposits of public money, Book Value
to the extent not otherwise purchased
hereunder:
(1) Overdrafts of customers: Book Value
(m) rights, if any, with respect to Qualified Market Value
Financial Contracts.
(n) rights of the Failed Ban to provide Book Value
mortgage servicing for others and to have
mortgage servicing provided to the Failed
Bank by others and related contracts.
(0) Ban Premises: Book Value
(p) Furniture and Equipment: Book Value
(q) Fixtures: Book Value

If you read all this, isn't it very obvious that the off balance figures on the JPM 10k were made public in 2014 and the closing of P&A in 2014 are related? Not the mention the 38 billion of loans which have not been repaid or liquidated returning to the FDIC receivership?

Isn't it very obvious that JPM as stated in the GSA was pure servicer for Single Family Residential loans (a.k.a. mortgages) and that checks and payment are to be remitted to WMI?

Also interesting tidbit from the P&A:

(f) Servicing. The Assuming Bank shall administer and manage any Asset subject to purchase by the Receiver in accordance with usual and prudent banking standards and business
practices until such time as such Asset is purchased by the Receiver.

There we have the kicker right there. According to JPM's own 10k, it is clear that from 2008-2013 there were no purchased assets. In 2014, with the closing of P&A, these assets were ultimately purchased for Book Value.

Hence the off-balance figures we saw on the R-203 document. Assets were finally purchased, and merged into JPM. That's why in 2014 we don't see any former WMB-subsidiary on the JPM Subsidiary List anymore.

And:

All transfers with
respect to Asset or assets under this Section 3.6 shall be made as provided in Section 9.6. The
Assuming Bank shall transfer all such Asset or assets and Related Liabilities to the Receiver
without recourse, and shall indemnify the Receiver against any and all claims of any Person
claiming by, through or under the Assuming Ban with respect to any such Asset or asset, as
provided in Section 12.4.



XXX
👍️ 1
Bizreader Bizreader 1 day ago
Ok.
👍️0
Bizreader Bizreader 1 day ago
Thank you. Our puzzle pieces fit.
👍️ 2

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