ron_66271
1 day ago
Keep Your Eyes on the LIBOR Docket.
“442801/10/2025
***SELECTED PARTIES*** DECLARATION of James R. Martin in Opposition re: [4164] JOINT MOTION for Summary Judgment on "Upstream" Issues. Document filed by The Federal Home Loan Mortgage Corporation, The Federal Deposit Insurance Corporation as Receiver, UBS Group AG, Rabobank International, JPMorgan Chase Bank, National Association, Mr. JPMorgan Chase Bank, N.A., Centrale Raiffeisen-Berenleenbank B.A., UBS AG, Royal Bank of Scotland Group PLC, Societe General, Royal Bank of Canada, Bank of Nova Scotia, Credit Argicole, S.A., National Collegiate Student Loan Trust 2007-1, Citizens Bank of Massachusetts, RBS Citizens, N.A. (f/k/a Citizens Bank of Massachusetts), Stephanie Nagel, RBS Citizens, N.A., Principal Funds, Inc., Principal Variable Contracts Funds, Inc., Principal Financial Group, Inc., Principal Financial Services, Inc., Principal Life Insurance Company, Principal Capital Interest Only I, LLC, Principal Commercial Funding, LLC, Principal Commercial Funding II, LLC, Principal Real Estate Investors, LLC, John Does 1-5, Federal National Mortgage Association, J.P. Morgan Bank Dublin PLC, ICAP plc, The Hongkong and Shanghai Banking Corporation, Ltd., J.P. Morgan Markets Ltd., Bank of America Home Loans, Merrill Lynch Capital Services, Inc., Does 1-10, Inclusive, Merrill Lynch & Co., Merrill Lynch International Bank, Ltd., Bear Stearns Capital Markets, Inc., Citizens Bank, N.A., Deutsche Bank Financial LLC, Barclays U.S. Funding LLC, J.P. Morgan Clearing Corp., UBS Securities LLC. Motion or Order to File Under Seal: [4293].“
https://www.docketbird.com/court-cases/In-re-Libor-Based-Financial-Instruments-Antitrust-Litigation/nysd-1:2011-md-02262
Ron
lodas
1 day ago
There are some "juicy" option premiums on the Naked Put strikes at various prices, and dates, for those of you that are in the options market.... the fires in LA have a lot to do with the fear that is gripping the stock market... there are over 10000 homes buildings, homes and businesses that have burned, and many of them could have mortgages that Coop handles... so yea, the mortgage payments will not be paid, but who knows the extent that Coop is impacted by these fires... Fear rules in times of crisis, and that is where money is made... the fires will eventually burn out, and rebuilding will ensue..... but in the long term... Coop is a buy... AIMO, no investment advice to sell Puts.... Lodas
Nightdaytrader
2 days ago
Mr. Cooper Group Announces Leadership Transition at Xome
Company Release - 1/9/2025 4:30 PM ET
DALLAS--(BUSINESS WIRE)-- Mr. Cooper Group Inc. (NASDAQ: COOP) announced today that Mike Rawls, Chief Executive Officer of Xome ®, plans to retire effective June 30, 2025, and Chris Marshall, former Vice Chairman and President at Mr. Cooper, will join Xome to lead its operations. Rawls and Marshall will work together over the coming months to ensure a smooth transition.
Mike Rawls plans to retire as CEO of Xome, effective June 30, 2025. (Photo: Business Wire)
Mike Rawls plans to retire as CEO of Xome, effective June 30, 2025. (Photo: Business Wire)
"Since taking on the role of CEO in 2020, Mike has skillfully led Xome to become the powerhouse real estate marketplace it is today, with tremendous opportunity for growth as we move into 2025. We are sincerely grateful for Mike's thoughtful leadership and innovative spirit over his 25 years with the Mr. Cooper Group team, and we wish him all the best," said Jay Bray, Chairman and CEO of Mr. Cooper Group.
As Marshall steps in to lead Xome, he brings with him decades of experience in financial services, mortgage operations and technology, most recently serving as Vice Chairman and President of Mr. Cooper. He will work closely with Xome's leadership team to prioritize market share growth and accelerate new revenue opportunities.
"With Mike's upcoming retirement, we are pleased to have Chris Marshall step in to lead Xome as we position the company for continued success. Chris is an industry expert when it comes to driving revenue growth and building partnerships. In his time at Mr. Cooper, our team realized exponential growth and greater financial strength, and I am confident that Xome will unlock new avenues for growth and bolster its market position under Chris' leadership," said Bray.
"The Xome team has built an innovative, state-of-the-art real estate platform and fostered strong relationships with leading industry players, and I am looking forward to helping the team sustain this momentum as Xome continues to elevate its market position," said Marshall.
In addition to his new role with Xome, Marshall will continue in his role as Chairman for Sagent.
About Mr. Cooper Group
Mr. Cooper Group Inc. (NASDAQ: COOP) provides customer-centric servicing, origination and transaction-based services related principally to single-family residences throughout the United States with operations under its primary brands: Mr. Cooper®, Xome® and Rushmore Servicing®. Mr. Cooper is the largest home loan servicer in the country focused on delivering a variety of servicing and lending products, services and technologies. For more information, visit www.mrcoopergroup.com.
Forward Looking Statements
Any statements in this release that are not historical or current facts are forward looking statements. Forward looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance, or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Certain of these risks and uncertainties are described in the "Risk Factors" section of Mr. Cooper Group's most recent annual reports and other required documents as filed with the SEC which are available at the SEC's website at http://www.sec.gov. Mr. Cooper undertakes no obligation to publicly update or revise any forward-looking statement contained herein, and the statements made in this press release are current as of the date of this release only.
Source: https://investors.mrcoopergroup.com/events-and-presentations/press-releases/press-release-details/2025/Mr.-Cooper-Group-Announces-Leadership-Transition-at-Xome/default.aspx
lodas
2 days ago
ok ron, I took your offer to explain the notion that no one understands the Retained earnings, and that TPS has to be satisfied by them....All I got from you was a Red X of disapprove , without a rebuttal to show where my post was wrong... I even gave you a link where you were in error by stating the Judge denied the efforts of Blackhorse Capital, and other hedge funds to overturn the OTS decision to affect the Exchange agreement where these TPS were converted to WMI Preferred, and WMI used them to shore up WAMU's Tier 1 values shortly before the FDIC seized WAMU....therefore, JPM took the TPS when they acquired the Banking assets of WAMU, and NOW HAS TITLE TO THEM, AND THEY DO NOT HAVE TO PAY SQUAT TO FORMER HOLDERS OF THE TPS HOLDERS.... Bonderman was one of the holders and he never received anything, but took a huge loss, as Blackhorse, and other hedge funds.....I remind you that you made the challenge, and you said that YOU WON!!.... you cant win an argument, claim victory, and give yourself a thumbs up on your own post, WITHOUT A REBUTTAL TO YOUR OFFER.... you won nothing, here... just hiding behind an ignore button, and giving rejections to a poster who is opposite your viewpoint does not cut it....you lost the thrust of your post by not responding to mine... LOSERS HIDE , AND WINNERS DEFEND!!!....defend your post or leave the message board!..... Lodas