Mr Cooper Group Inc (COOP) Options

I think folks would be wanting to hold some RKT if that event were to take place.. IMO

JHD

sun, fully understand, and thanks for explaining, but there could always be a higher bid changing the terms completely. This is NOT at all unusual with companies taking over others, especially the more successful the more likely another bid arises.

...

(Just to be clear: Bray is becoming CEO only of their Rocket Mortgage division, not the entire company.)

When you say you think $143 is an undervalued price, do you understand that $143 is merely the 1:11 value that was based on March 28 closing prices? And that as RKT rises, so does that valuation for COOP? If RKT continues to climb until the acquisition finalizes, the value given to COOP shareholders will also automatically increase. The value COOP shareholders will get won't be "only" $143 unless the RKT price is at the same level it was on March 28. If the price goes up, so does our value at finalization. We're lucky that RKT had sunk to that level on that day, because, as has happened since the announcement, RKT is on its way back up to where it was.

As of Friday's close, the value we'll be getting is $172/COOP share.

Look at it this way: Will you be upset if RKT shares are at $18 in the end? We would get a value of $198 per COOP share if it is.

sun, do NOT be surprised if a significantly higher bid materializes for COOP between now and Oct/Nov as COOP is in a much shrinking arena and seems to be undervalued with a value for COOP shareowners at $143.00.

I would expect RKT to still win the deal even at a higher price, and an extraordinary action happened that rarely, if ever, happens. That is, the surviving merger company RKT will appoint CEO Jay Bray of the company that was taken over by COOP as the CEO of RKT.

This tells me that the assets of the former WaMu Estate along with their owners who are BENEFICIAL owners of the former estate via a WMI (DST) Delaware Statutory Trust who signed timely releases by March of year 2012 will come to life and end up purchasing RKT by the end of year 2026 bringing full circle this WaMu travesty completing the resurrection of the old WMI or similar name only much larger and more successful. I also see Lehmans playing a role due to their 60B in NOLs as well as Fannie and Freddy.

...

Calculating HOW many went to whom and logging tallies into the DTCC ?

Question is, why did they maintain Escrow Positions thru Feb 2022, even after cancelling WMILT as of Dec 31,2021?.

IMO The National Republic Bank of Chicago Chicago IL 10/24/2014 and the New City Bank 2/24/2025 is the termination of Recievership which should clear the way for payment of settlement. Total speculation.

Federal Deposit Insurance Corporation
Notice is hereby given that the Federal Deposit Insurance Corporation (FDIC or Receiver), as Receiver for the institution listed below, intends to terminate its receivership for said institution.

The liquidation of the assets for the receivership has been completed. To the extent permitted by available funds and in accordance with law, the Receiver will be making a final dividend payment to proven creditors. Based upon the foregoing, the Receiver has determined that the continued existence of the receivership will serve no useful purpose. Consequently, notice is given that the receivership shall be terminated, to be effective no sooner than 30 days after the date of this notice. If any person wishes to comment concerning the termination of the receivership, such comment must be made in writing, identify the receivership to which the comment pertains, and sent within 30 days of the date of this notice to: Federal Deposit Insurance Corporation, Division of Resolutions and Receiverships, Attention: Receivership Oversight Section, 600 North Pearl, Suite 700, Dallas, TX 75201. No comments concerning the termination of this receivership will be considered that are not sent within this time frame.

Notice of Intent To Terminate Receivership
FundReceivership nameCityStateDate of appointment of receiver
10507
The National Republic Bank of Chicago
Chicago
IL
10/24/2014
(Authority: 12 U.S.C. 1819)
Federal Deposit Insurance Corporation.
Dated at Washington, DC, on February 27, 2025.

https://www.federalregister.gov/documents/2025/03/04/2025-03474/notice-to-all-interested-parties-of-intent-to-terminate-receivership

I do not care....the issue is every post the creep makes is how he bought in the single digits and sold at 50.50....then to post everyone's opinion is crap while his opinion is the only one that matters....then claims to be the only one that is accredited investor....the other is he received a ghost payment and bragged that he was the only one.....for years he claimed nothing could be done until the share count was reset....or that interest would be paid out only if there is another acquisition....it just goes on....or how he is part of the insider group....it just goes on....the worst is he claims to be the smartest investor in the room....because he took a profit....well many sold at 50.00 but they don't post on a message board....

Gooood morning people, It’s a firer sale going on out there BUY,BUY,BUY ur favs blue bloods
COOP will go where it’s intended to, The puppet OLE BJ SCORES AGAIN off our backs as the BOYZZZZ DO TOO 🤬GLTA-have a great weekend people -Ts

Edit
Rocket Cos. upgraded to Buy at Deutsche Bank, to Market Perform at KBW
Rocket Companies (NYSE:RKT) stock jumped 15% as Deutsche Bank and KBW upgraded the lender's stock after it agreed to acquire Mr. Cooper (COOP) in $9.4B all-stock deal earlier this week.
Deutsche Bank analyst Mark DeVries upgraded RKT to Buy from Hold, expecting the acquisition will "provide a big step toward the ambitious 2027 market share targets laid out last September (at least the 20% refi share target)."
He lifted its price target to $16 from $14. He sees more upside potential in a lower rate environment, where the revenue synergies from boosting Mr. Cooper's recapture "should be more pronounced."
KBW analyst Bose George raised Rocket (NYSE:RKT) to Market Perform from Underperform, as he sees the Mr. Cooper (COOP) deal creating a more balanced business model, providing more confidence in earnings estimates.
"RKT's 2027 market share goals appear more attainable, considering the COOP deal would roughly quadruple RKT's servicing UPB to ~$2.15T and position RKT to utilize its industry-leading recapture capabilities in any declining rate environment," George wrote in a note to clients.
The recommendations of Hold or better from Deutsche Bank and KBW contrast with the SA Quant rating of Sell. The average SA Analyst rating  is Buy, agreeing with the Deutsche Bank recommendation, while the average Wall Street rating  of Hold aligns with KBW's assessment
—————
But,but,but 🫣🤔🤭

It's about trading to make a profit, pixie. I don't think anyone is here to lose money. Let's say someone sold today at 130 something and this stock bounces to 200 in November? Are they fools for not waiting until November to get that bigger profit?

99.8% of the people on here will tell you your post was dumb. It really has ZERO to do with the cowboy...It's about trading to make a profit. Isn't that why we are all here, duh?

Its myOption.....call the options department of your brokerage account to answer your question.....IMO, since they bought the call option, then they have exercised rights to the dividend when they take delivery of the stock in June, 2026....I did my 200 call option in january , so as not to pay the taxes in 2025......however, I may have a chance to roll that option again if this market tanks, and brings Coop down along with the rest of the market....my intention to do the covered call on in the first place was the fear of a market selloff, and it proved right....IMO, world markets are bigger than DJT and his ideas, and cooler heads will prevail and countries will work out these tariff differences before the world blows up..... so, I am a seller of PUT options to capture the great monetary fear engendered by this POTUS....good luck forward into this great unknown......Lodas

Good stuff

He’s not weird you’re the one that comes out of the dungeon to slap people for what you consider a stupid post. It’s really none of your business..

JHD

Again, what he eats don't make me sh*t. AZ selling at 10, 50, 100 or 150 doesn't make my bank account move. I don't understand why this bothers you soooooooooooooooooooo freaking much. Weirdo, lol

One thing you can be sure of is that this development hit COOP shorts right in the shorts and they're here and on other boards doing everything they can to confuse things and downplay the value increase that this acquisition means for COOP shareholders.

Imagine that last Friday you went short on COOP at $104 (maybe even with margin funds) and woke up on Monday owing 130% of that money back to the brokerage. AND having it look like you might wind up owing a lot more if COOP and RKT keep going up.

Some of them will try to make stupid arguments and confusing jokes to make it sound like buying RKT is a better idea than buying COOP right now. They'll try to make it sound like RKT is a bad company that won't pay off in the long run.

This acquisition might not happen. It might all fall apart. If that happens, we'll have to deal with the fallout.

But right now, based on what we know, COOP is a buy and is selling at a 30% discount.

Dumb statement is that coop didn't matter after he sold at 50.50...then kept saying shares have to be reset first...interest will be distributed after another acquisition.....the other is claiming to be the smartest in the room...has there been anything cactus stated about escrows to be correct...wait ABS distribution happened on the 25th.

They sure do have that option to sell at any price they want but when someone rubs it in other people’s faces? I don’t respect them. I hope he buys 50 vettes who gives a crap..

JHD

What a dumb statement! People sell at various price points for their own personal reasons, end of story. If they make ANY profit that they are comfortable with, so be it.

Have a great evening....

I am sorry you mom could not see this merger...and coop's pps fly...

Nice day for us, considering the market. The amount of people I've been seeing utterly freaking out over a correction has been surreal to observe on other boards. Perhaps they shouldn't be investing at all?

It sure did..they ran it all around but nice ending. Have a great weekend Pick!

JHD

Its always been soon DG.

JHD

Then I guess you're ready to sell me all right title and interest in and to and from your legacy shares on the cheap right, since NOTHING IS COMING BACK

You got that right!!!!

Quote: "WMIH acquired 2018 sub' ... is NO LONGER NEEDED' ... good riddance COOP, "
Is it because you got it wrong or did not know what you owned... Coop is doing great......

Held up nicely

SOON = HORSECHIT !!!!!!!!!!!!!!!!!!!!!

lodas, that seems like good play. If the RKT merge takes place in 4th quarter my guess is your option will get cancelled or converted to RKT option with equal value - Your thoughts and would you still get the dividend? I just looked at the June 18, 2026 and the $200 strike can get $11.50

I just have never had open covered call contracts at time when merge closed and not sure what happen and anything negative to going out even more and collecting more?

So are we getting paid?

JHD

COOP holding up nicely!!

4/4/2025 - Notice of Termination of Receiverships

A Notice by the Federal Deposit Insurance Corporation on 04/04/2025

Published Document: 2025-05841 (90 FR 14839)
This document has been published in the Federal Register. Use the PDF linked in the document sidebar for the official electronic format.

Published Document: 2025-05841 (90 FR 14839)

Document Details Published Content - Document Details

Agency

Federal Deposit Insurance Corporation

Document Citation

90 FR 14839

Document Number

2025-05841

Document Type

Notice

Pages

14839-14840

(2 pages)

Publication Date

04/04/2025

Published Content - Document Details

Published Document: 2025-05841 (90 FR 14839)This document has been published in the Federal Register. Use the PDF linked in the document sidebar for the official electronic format.

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See the

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Federal Deposit Insurance Corporation

The Federal Deposit Insurance Corporation (FDIC or Receiver), as Receiver for each of the following insured depository institutions, was charged with the duty of winding up the affairs of the former institutions and liquidating all related assets. The Receiver has fulfilled its obligations and made all dividend distributions required by law.

The Receiver has further irrevocably authorized and appointed FDIC-Corporate as its attorney-in-fact to execute and file any and all documents that may be required to be executed by the Receiver that FDIC-Corporate, in its sole discretion, deems necessary, including but not limited to releases, discharges, satisfactions, endorsements, assignments, and deeds. Effective on the termination dates listed above, the Receiverships have been terminated, the Receiver has been discharged, and the Receiverships have ceased to exist as legal entities.

Notice of Termination of Receiverships

Fund Receivership name City State Termination date

10054 First Bank of Beverly Hills Calabasas CA 04/01/2025
10273 Liberty Bank Eugene OR 04/01/2025

(Authority: 12 U.S.C. 1819)

Federal Deposit Insurance Corporation.

Dated at Washington, DC, on April 1, 2025.

Jennifer M. Jones,

Deputy Executive Secretary.

[FR Doc. 2025-05841 Filed 4-3-25; 8:45 am]

BILLING CODE 6714-01-P

https://www.federalregister.gov/documents/2025/04/04/2025-05841/notice-of-termination-of-receiverships

AZC, you said the following.

ONLY the 2018' Acquired Sub is involved; ... There's More Soon To Come' ... for those that Released in 2012 with their Cusip Aligned Documentation', and the Actual Owners of the Reorganized Washington Mutual Holding Co. Inc. ... period' .

Yes, you are precisely correct with more to come, and I will clarify, there is MUCH more to come for those investors who signed timely releases by March of the year 2012. Now, the caveat is, as I have always said, a DST will play a pivotal role in our distributions, and yes there will be more than one bucket

At this moment, the price of RKT is $15.70. Eleven times that is $172.70. But the price of COOP is $133.76. So, buying COOP shares is equivalent to buying RKT shares at almost a 30% discount.

Yes, as I just stated on my prior post, on that we are completely in agreement, and if that happens, I’d lost my time buying Coop and sell right away for I don’t have the time or the patience to wait my earning go up so slowly and repeat what I just went through with Coop 12/1 RS.
It’s all a gamble with some reading and financial knowledge, only this time we know the players and they love RS.

I don't understand the confusion about whether COOP or RKT is a better buy right now. If the acquisition finalizes, you're going to get 11 shares of RKT for every one share of COOP. So, as long as the COOP share price is less than 11 times the price of RKT shares, buying COOP shares is like buying RKT shares at a discount.

If you can go to Whole Foods and buy a box of cereal for $6, but you could buy that exact same box of cereal for $5 at Wal-Mart, why on Earth would you buy the cereal at Whole Foods? You're paying more for the same thing, for no reason.

My thoughts as well and especially if what I think will happen happens and that is, JAY pulls an RV in RKT since he hates large outstanding share counts and this one will be over a bill share out in the end. MY wag is 5-10 to 1 RV after merger

The way I see it, I’d be buying Coop without even looking at the price and wishing at the same time RKT price sky rockets .lol At the end the more Coop shares you have is directly proportional to RKT shares being really high, so to answer this puzzle Yes, RKT is a better deal when and if it goes high through Coop shares 11/1 exchange.

It is always "soon"... 16 years = soon.

JHD

Doesn't RKT BUYING COOP indicate that RKT is in fact the stronger of the two or am I missing something, personally I always felt WE COOP would buy rocket as well as ecwon

GLTY

~ XOOM, Yes' I saw that' ... only this time' Brey doesn't get any initial bonus' (? hhmmmmm ?) ... In My Opinion ? ... Brey' won't be around very much longer after the transition of COOP to Rocket is completed & finalized' ,.. Brey going to Rocket ?, is merely a part of the show, ... or as saving face' distractions are necessary ~

... and, personally from ol' cactus ... I am VERY Pleased that I took a segment of personal wealth, to go heavy buying and high risk and rode COOP UP' over roughly three years, to a Feb 2022 pps of $50.50, and was thankfully and finally in a position to pull out enough profit to cover ALL WaMu Expenses ... (and, the WMB Notes & the LBHI class 10's costs') ... the bashers can say what they want, however owning ALL of this for FREE, ever since Feb 2022' has been just fine with me' ...

Now ?, I'll ride my remaining COOP shares that ol' cactus kept' through the transitions completion ...

... the Released Trusts Related to Us, ... Three of the Nine All Moved Simultaneously, BEFORE THE ACQUISION OF NATIONSTAR' ... ALL 10-K Verified ... NONE of the NINE ARE INVOLVED in this ...

ONLY the 2018' Acquired Sub is involved; ... There's More Soon To Come' ... for those that Released in 2012 with their Cusip Aligned Documentation', and the Actual Owners of the Reorganized Washington Mutual Holding Co. Inc. ... period' ...

AZ

Thank you for your response, personally I have the same sentiment as you when it comes to "hero or zero", in reference to my actual follow up plan is buying as much Coop as I can, I understand 100% this decision could be as wrong as any, but it has worked for me in the past when deciding wheather to invest in a stronger currency than $$. Same with the Gold and silver, same with crypto, I always like to bet on the stronger currency. As of this post Coop is a slightly a better option, however that could change in a second, but one has to live with one own decisions. I know you feel is the opposite and RKT is the way to go now, and that may be a the better decision at the end. Hope the best for both of us. take care.

But remember..they may not tank..perhaps $1-$2 but not half. IMO

JHD

AZ,
Bray landed on Rocket too.
So not sure about ‘good riddance’

I sold an STO (sell to open covered call) a january 2026 ,200 Call and got 7.25 dollars premium per share.... this puts me out at 20,725 dollars per contract if exercised in January....not too shabby if exercised....this trade is very telling, as it suggest someone is willing to pay 75 dollars per share over the existing share price of today.....what does it tell me?...IMO with a low share price of Rocket, and a "leverage" of 11/1, hedge funds can "game " the price of Rocket easily to make that 200 coop call expand to be successful in January...no investment advice, just rumminating about the strategies for options trading to make premiums each day.....on a side note, Wall Street is "schooling" DJT and his minnions about the "art of world economics"....Lodas

Capt

So then what would you suggest to do at this point, BUY COOP or BUY ROCKET ?
Personally I am looking at waiting for ROCKET to tank with the MASSIVE dilution they are taking on and buying RKT at that point

Would be interested in hearing your take on this

Respectfully disagree, it does matter when before a reverse split you earn (let’s say you have 1000 shares of whatever stock) $1000 per very $1 up or down. the price per share moved, after 12/1 split now you get $83 for every $1 the price goes up or down. Before the split you could make plans in the short term, after the split, now you have to sit down and watch paint dry for years to make the same plans.

However...hopefully not more than a 1 for 5. Different prices now

JHD

Sort of like if ya have 100 pennies it is still worth $1 and if ya have 10 dimes they too are still a dollar

Doesn't really mater, BUT YES this is JAY's MO , so I fully expect some sort of RV