Mr Cooper Group Inc (COOP) News

Do they even care? I believe they’ve got bigger fish to fry in my opinion.

JHD

Many people on this board are under the delusion that they will get added recovery from extinguished common and preferred claims if they just wait without documentation from WMI/WMIH/coop/JPM/FDIC, and the new administration, etc., etc., etc...It is now over 17 years from the Receivership, and many Public documents have stated that the settlements from the GSA, POR 7, and chapter 11 closing have ended with all parties to these agreements.....here are some statements made concerning some of these filings: shares of equity were cancelled. (2).. The reorganized estate belongs to WMI/WMIH/Coop...(3) Title to all reorganized, and pre chapter 11 filings belong to WMI, JPM, FDIC, Wmil-T...(4) 7 trusts of WMMRC were liquidated , as well as the Trusts of WMIIC to value shares in the new company given to claims of old equity holders...(5) TPS were in the possession of JPM with the 1.89 Billion paid for WAMU Banks, and their assets... Rosen states WMI has no off sheet balance assets...(6) Sussman and Willingham both stated that recovery for equity holders was F/R at the conclusion of the Mediation hearings... (7) Bonderman lost 4 billion dollars when he bought the TPS, and NEVER SUED FOR RECOVERY....I could go on, but you get the picture, no assets will be recovered post chapter 11 settlement......Lodas

Quote from: nmruggles on Yesterday at 09:47:07 AM
This seems to be a very odd financial analysis to me. According to JPM's 10/30/24 10-Q, the "carrying value" of all issued preferred stock is $21,650,000,000. There are 17 series of preferred stock and "Each series of preferred stock has a liquidation value and redemption price per [depositary] share of $10,000, plus accrued but unpaid dividends." Book value per share is listed as $115.15, with 2,815,300,000 common shares outstanding, and the report says common stockholder's equity stands at $324,186,000,000. Total shareholder equity is the sum of preferred and common, or $345,836,000,000.

The book value of common far exceeds book value of preferred, so simply adding together book values per share for common and preferred seems to make no sense at all, even if the book value for preferred as suggested by Tako is correct. Dividing total shareholder equity by # of common shares gives $122.84/share, slightly more than common book value per share, but this number is not meaningful in stock valuation.

Market value is not connected to book value in a direct way, and many investors consider the market value to book value (price to bv) ratio a significant valuation signal. Currently JPM sells at about $268/share, or about 2.3 times common book value per share. This is a much higher ratio than other large banks like Citibank (0.81) and Bank of America (1.31), but without detailed comparison of assets and liabilities, these numbers mean little.

This all seems to make sense to you, Tako, but I'm struggling to understand how all of this relates to COOP's price.

I’ll second that!

Does Your Smartphone Have a Calculator?

2008 RMBS;
$13 Trillion in mortgages.
11.9% losses to cover.
JPM wrote 57% of the contracts.
Do the math;
$882 Billion obligation to RMBS Trusts for JPM.
TBTF needs help again.

More;
From the FDIC;
WMB securitized $2 Trillion in RMBS of which $500 Billion was sold to F&F.

$1,500 Billion.
11.9% losses to be covered.
$178.5 Billion in losses to be covered back to the investors in WMI/WMB securities.

JPM portion at 57%;
$101.75 Billion.

The math will answer the questions.

TBTF needs SWF help.



Ron

Alot of problems were solved early on thru IHUB. Alot of the court case info but especially the communications with attornies on the case. The best example is the signing of the releases. I would have struggled immensely without IHUB participation. Lots of people donated their expierence collective to become a team. So I totally disagree with your statement. Let's be grateful. Let's finish the task at hand for the finish line is right in front of us
Be well
$27

Trump and Musk won't let you phony ass crooks get away with this heist.
Bring on Big Ball's. This whole ihub is bullshit. All fhonies.

TD Bank plans to sell its Schwab stake, buy back $5.6B of its shares
Feb. 10, 2025 7:35 AM ETThe Toronto-Dominion Bank (TD) Stock, SCHW StockBy: Liz Kiesche, SA News Editor
(2min)
Comments
(10)

TD Bank Group (NYSE:TD) plans to sell its entire 10.1% equity investment in Charles Schwab (NYSE:SCHW) through a public offering and use part of the proceeds to buy back C$8B (US$5.6B) of its own stock, the company said Monday, Schwab agreed to repurchase US$1.5B (C$2.2B) of its shares from TD, it added.

TD (NYSE:TD) stock rose 1.0% and Schwab (NYSE:SCHW) stock fell 3.2% in premarket trading.

TD currently holds 184.7M shares of Schwab (SCHW) common stock, which were valued at about US$10.7B at Friday's closing price of US$57.96. TD acquired the Schwab shares in 2020 through the sale of TD Ameritrade to Schwab.

"We are very pleased with the strong return we are generating on the Schwab shares we acquired in 2020," said Raymond Chun, group president and CEO of TD Bank Group.

After the normal course issuer bid (share buyback), TD will invest the rest of the proceeds from the Schwab share sale in its businesses "to further support our customers and clients, drive performance, and accelerate organic growth," Chun said.

While TD (TD) is shedding its stake in Schwab (SCHW), the Canada-based bank will continue its business relationship with Schwab through the Insured Deposit Account Agreement, it said.

TD will hold a conference call on Feb. 11 at 8:00 AM ET.

The Schwab stake sale was part of the result of TD Bank's (TD) strategic review started after the company agreed to pay more than $3B to settle U.S. investigations into failures of its anti-money laundering controls, which found that Chinese criminal groups laundered millions of dollars in illegal fentanyl sales through TD's U.S. branches.
More on Charles Schwab, TD Bank, etc.

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The Charles Schwab Corporation (SCHW) 2025 Winter Business Update Call Transcript
Key deals this week: Bank of America, Aspen Technology, Verily, Paysafe and more
TD Bank Group names new head of financial crime risk manag

Now you just moved the goal posts to 2027.......lol

2027 is a long ways off...but now I'm suspecting they will drag this out till 2028...the 20th anniversary of the taking.

A few that will disappear if the one involving (Libor8) the 8 Big Banks settles which is the one I am talking about.


..,

Thanks LG. I thought most of the Libor cases settled already. Do you know how many are left?

The WaMu (R) Receivership officially closing will depend on the final Libor case settlement or trial. If Libor goes to trial which is late 2026 then the final resolve of Libor probably will not have the Judges’s opinion until year 2027,

However, if Libor settles within a few weeks to months then it is possible the R is officially terminated late this year.


…

Who bought JMP Securities?
(NYSE: CFG or “Citizens”) today announced that it has completed its acquisition of JMP Group LLC (“JMP”), a capital markets firm that provides investment banking services, including strategic advisory, equity research and sales and trading focused primarily on the healthcare, technology, financial services and real ...
https://www.sec.gov
Document - SEC.gov

OK, thank you.

I sure appreciate your quick response.

Perhaps tomorrow!

JHD

Nope, need to pass 107.85.

Did we hit a high today?

And then if you believe we need to fill gap...we go back to $92.

JHD

LG, what are the odds of the receivership closing this year?

….. and jpm moving up with coop.

If I am not mistaken...previous run up to earnings, the MM's have taken COOP down, then let it run a bit after earnings.

But this time, the stock price is almost at a all time high (107.02 as I type) ...looking real good! 110.00 tomorrow easy...IMO.

mwd44 & Ron, here is the P&AA as filed in the early days of the WaMu criminal travesty made to look legal for historical purposes by a very corrupt Judge and a very corrupt legal system where it only took about a handful of high-ranking Perps to destroy a hundred plus-year-old bank.

FDIC DOCUMENT CONCERNING THE WaMu P & A

PLEASE LOOK UP MEANING of Initial Payment

WaMu Purchase Assumption Agreement

WaMu Purchase Assumption Agreement-SOME NEED TO CONCENTRATE ON THE MEANING OF INITIAL PAYMENT

Maybe there should be further research by the ZERO MONIES RETURNING GROUP but first, they need to understand what the term, "INITIAL PAYMENT" means

The end of the WaMu saga will NOT OFFICIALLY end UNTIL the "R" or Receivership has finally been resolved/terminated and closed with FDIC being released.

https://www.fdic.gov/foia/files/washington_mutual_p_and_a.pdf

***PDF Page 20***

ARTICLE VII

BID; INITIAL PAYMENT

$1,888,000,000.00 for The Assuming Ban has submitted to the Receiver a positive bid of

Assets purchased and Liabilities Assumed hereunder (the "Bid Amount"). On the Payment Date, the Assuming Ban will pay to the Corporation, or the Corporation will pay to the Assuming Ban, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of Ban Closing) from and including the day following Ban Closing to and including the day preceding the Payment Date at the Settlement Interest Rate.




...

Quote: ". U accused ol' cactus of ... "Promising" or "Guaranteeing" ... a payment ! ! ... NOW, show the LINKED Proof, that cactus EVER said this ."


So to be sure what you are saying is.....You are not guaranteeing any returns for old escrows......when for so long you claimed returns coming soon.....which is it.....something coming back soon...or you are just not sure.......this says a lot......were you just leading your followers....can't make this up...

Book Value Plus Reimbursement of Losses.

Did you read the RMBS losses that JPM is obligated to cover?

”The assets will be sold at book value."

Book value is $299 Billion according to the FDIC.

TBTF needs help.

SWF…



Ron

I totally agree! My point is the sale of WMB hasn't been completed yet. The debt hasn't been paid. Until the debt is paid, the debtors own WMB. That's the reason why JPMC made an initial payment of $1.89B. The FDIC can't sale something they don't own. Once Libor is settled, they hope that they will have the funds to pay the debt. Once the debt is paid, they can close the sale of WMB to JPMC. At that time, JPMC will have to meet the rquirements of the Purchase and Assumption Agreement, which states, "The assets will be sold at book value." I admit that I may be wrong. But, I don't think so.

TBTF Has No Other Option.

They can’t afford to cover their Derivative Contracts written without government help.
Naked Calls.

2008 RMBS;
$13 Trillion in mortgages.
11.9% losses to cover.
JPM wrote 57% of the contracts.
Do the math;
$882 Billion obligation to RMBS Trusts for JPM.
TBTF needs help again.

SWF;
Shares and Warrants Come from TBTF Banks.

WaMu, Lehman’s and F&F all have ABS Trusts that need to be reimbursed for losses covered by Derivative Insurance Contracts.

SWF can collect shares and warrants from all of the parties involved and SWF distributes cash to WaMu, Lehman’s and F&F to solve all of the Credit Crisis of 2008.
That also solves the LIBOR, which solves the Receivership and the Conservatorship.

LIBOR “Upstream” issues.
Problem Solved!

Yes F&F are involved in LIBOR.
Look.

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



Ron

Our Money value is moving

Our asset base is going to Schwab today from TD Bank and has been for all of 2025 December

"At the operational level, the big news this year was that Schwab finished transitioning TD Ameritrade accounts over to the Schwab platform. In total, Schwab converted over 17 million accounts, making this integration the biggest in the history of the industry.
Schwab had warned that these TD account conversions would drive an uptick in client churn, and indeed recent results suggest they did. For several quarters, Schwab’s net new asset growth was noticeably below its historical range of +5- 7%. Schwab says this weakness is directly and solely attributable to these TD account conversions. More specifically, the company claims that net new asset growth at the legacy Schwab platform is in line with long-term averages. We find the company’s explanation plausible and are encouraged by a bounce in net new asset growth during the month of December, but we will be tracking net new asset growth closely in the coming quarters."

https://seekingalpha.com/article/4753406-charles-schwab-stock-we-are-encouraged-by-a-bounce-in-net-new-asset-growth

WMB Belongs to WMI!

JPM just needs to pay.

Yes WMI has other assets.

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175789130



Ron

JPMorgan Chase is not expected to make any additional purchase payments when the FDIC finally closes the bankruptcy of Washington Mutual. The Purchase and Assumption Agreement between JPMorgan Chase and the FDIC already covered the transfer of assets and liabilities, and there were no additional costs to the Deposit Insurance Fund. JPMorgan Chase acquired the assets of Washington Mutual (WAMU) through a Purchase and Assumption Agreement on September 25, 2008. The FDIC facilitated the transfer, and JPMorgan Chase paid no cost to the Deposit Insurance Fund for the assets. Essentially, the FDIC assumed the liabilities, making it a cost-effective resolution for the FDIC.

$1.89 Billion is the TOTAL cost, and no further payments from JPM are required/expected.

Ron

""The FDIC has already given us the real value for WMB and its assets.""

But that has nothing to do with the values of WMI's assets does it?
TIA

The “Initial payment" Was an Administration Fee.

The “Initial payment" has nothing to do with the valuation of WMB and its assets.

The FDIC has already given us the real value for WMB and its assets.



Ron

Absolutely TRUE. Synonymic is a cool word.

The Train is on the track

https://seekingalpha.com/news/4394733?gt=106857133e16287e

His money does not Die Amen
[color=red][/color]

Bob oh how I love your wisdom. You are now my all powerful Guro. Serious you are good.

"Initial payment" and "down payment" are "synonmic."

Gary

And what MOST do not understand is that THE DTCC owns those shares, you and I do NOT, they just promise to execute buys or sells that we place...
ALSO in a NATIONAL EMERGENCY those shares can be CEDED to the US TREASURY notice the co names CEDE/DYCC pretty much says it all don't it

Bonderman is no more( December 11, 2024)

YOUSOFUNNY

Does Bonderman sound familiar???????????? IMO

"TPG declares $0.53 dividend
Feb. 11, 2025 8:39 AM ETTPG Inc. (TPG) StockBy: Deepa Sarvaiya, SA News Editor

Comments
TPG (NASDAQ:TPG) declares $0.53/share quarterly dividend.
Payable March 7; for shareholders of record Feb. 21; ex-div Feb. 21.
See TPG Dividend Scorecard, Yield Chart, & Dividend Growth.
More on TPG
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~ LOL', "still squirmin & still a lioar" & still trash' 38k ... the ol' cactus post' considerations were specifically regarding "HOW" ... HOW; 2015's WMIH / using 2018's Acquired COOP. could accomplish a combined future moving F&E utilization, and the ol' cactus' thoughts "posted", were regarding possibilities of the implementation and utilization of the COOP' implemented "Share Buy Back Program", which could be a way to level out the releasing 2012' WMI OG's with the 2018 NG's ~

LOL, duh' ... & LOL ... lots of big words there' LOL ... But ?, ol cactus owns a lot of ALL WaMu so, ... so what' ... LOL

ADDED; ... Bonds L@@k good, ... LBHI CT's as well ... Cusip Related Trusts Have NOT Been Moved' ...

still waitin' ?
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175782978

AZ

I stated that JWW was in the conversation about shares needing to be issued back in 2020, I WAS INCORRECT after looking further MY BAD JWW

But Here are posts that are now 4 yrs old that shows ""THE TICK"" plagiarizes statements made by others and then takes credit

WHO's squirming ?? since one had already been shown in 2022 via a link and now 2 even further back in 2020


WATCH YOUR 6
__________

Thursday, 10/22/20 05:23:43 PM
Re: BBANBOB post# 636822 0
Post # of 636899
Yes dilution is inevitable in this scenario if the capital structure is to be realigned there by infusing value in favor of escrow shareholders.

__________

Thursday, 10/22/20 08:34:37 PM
Re: hotmeat post# 636829 0
Post # of 636899
The utilization of the NOL is subjected to maintaing intact the pre bankcruptcy capital ratio in which the escrow shareholders are the majority.
Under the relevant IRS tax provisions the NOL can be used as a tax shield to offset any net profits derived from rolling up the subsidiaries (100% owned) into the consolidated financial statements. So all you need to ask your self is whether or not the reporting subsidiaries in this fiscal year has been reporting quarterly net profits cumulating in an overall net profit at year end. Then if the answer is yes then it would be unwise not to tap into the NOL at a consolidated level assuming the old capital ratio remains intact.


Friday, 10/23/20 07:21:08 AM
Re: oldandnew post# 636877 0
Post # of 636909

Yes the old capital structure has to maintained and be in compliance with the IRS Provisions for the NOL in order to file a claim to use it on consolidation. The old structure does not equates to the new structure as a result of the merger activity including the change in ownership due to those shareholders who did not sign timely releases as you pointed out. An allocation of old shares to those shareholders who signed timely releases would make sense. To restore the old capital structure with an infusion of value to existing escrow holders will require a significant dilution to take place if they are to comply with the IRS NOL Provisions. Since the merger activities are proving to be profitable this is a trigger for addressing the NOL issue."

💥🚀LATEST $COOP price targets==>DEUTSCHE BANK:$132, UBS:$122, Piper Sandler:$120, JMP Securities:$115, Wedbush:$115, Barclays:$111, Compass Point:$110, KBW:$105

👉👉COOP 24'Q4 earnings TOMORROW Feb. 12 (pre-market)

See: https://www.businesswire.com/news/home/20250124302299/en/Mr.-Cooper-Group-Inc.-to-Discuss-Fourth-Quarter-2024-Financial-Results-on-February-12-2025

To get anything from any agency first escrow shares must be established. In canceled state how anyone can expect any kind of distribution?

Quote: "Just like my predictions that shares would need to be issued to get us back to our original share structure composition and I was saying that clear back in 2020 so 4 plus years ago."


Cactus is claiming he said that first.....did cactus try to claim your information as cactus own......very funny.....

Thanks Ron ! Makes good sense! 👍

““initial payment" Based on 1% of the Deposits.”

JPM/FDIC needs to complete the transaction with payment including damages.

41.6 “Willful Misconduct” is the proof of damages.

The SWF could be the path for JPM and all TBTF banks payments in stock and warrants.
Including WMI&Lehman&F&F and LIBOR.

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175787938



Ron

Technically, it stated they made an "initial payment".