Mr Cooper Group Inc (COOP) News

"Don't hold your breath" means that you shouldn't expect something to happen anytime soon, implying that it's very unlikely to happen at all [color=red]or might take a very long time to occur, not necessarily that it will never happen;[/color]

Keefe, Bruyetter & Woods (KBW) now a Stifel Financial company.

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KBW Company Logo Color
In June of 1962, Harry Keefe Jr., Gene Bruyette, and Norbert Woods founded Keefe, Bruyette & Woods (KBW) along with five other employees and $50,000 in capital. Together, the founders launched KBW with a vision of the future and a belief in personal accountability during a time when investors purchased bank stocks for the dividend yield alone. Few banks published balance sheets or earnings statements and research was nearly nonexistent. With the addition of sales, trading, and research operations, and a clear focus on regional banks, the company has branched out since its founding. We’re now widely considered the leading expert on all financial sub-sectors.

In February of 2013, after fifty years in operation, KBW entered into a merger agreement with Stifel Financial. The combined strength of the two organizations has allowed KBW to chart a course for continuous growth while leveraging Stifel’s robust global wealth management capabilities. This merger has also empowered KBW to become the specialized financial services platform of choice.

In the decades since our founding in 1962, the KBW team has grown to more than 400 people, yet we’ve preserved and nurtured the spirit of teamwork, employee participation, and individual initiative that has underpinned the firm’s resilience and success throughout our history.

https://www.kbw.com/about-us/about-our-firm/

......... and KBW worked for FDIC back in 2009 timeframe and so they knew what was going on...

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FDIC in $2.6 Billion Auction via KBW
September 22, 2009, 7:52 p.m. EDT
1 Min Read

The Federal Deposit Insurance Corp. is auctioning a $2.6 billion pool of performing and nonperforming acquisition, development and construction loans through KBW Inc.'s Keefe, Bruyette & Woods Inc.

https://www.americanbanker.com/news/fdic-in-26-billion-auction-via-kbw

Slpit T, yes, I believe this is correct. These UWs are the very people that perform this exact work so of course they would know where the real GOLD is located. So yes, class 19 and/or preferred shares as it stated in the 8K Filings dated 8/1/2012 distributions shared with preferred equity interests at 75% and common equity interests at 25%


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Don't you remember MW's letter to shareholders stating that assets unrelated to creditor claims was put into liquidating trust for the benefit of equity holders?. Why did he lead the TAB and the entire cases?. Why insiders were appointed as administrators in 2020?.Its not rocket science, just common sense that whole enchilada was folded and just waiting on the closure of Receivership.
https://www.fdic.gov/resolutions/professional-liability-program-lawsuits
https://www.fdic.gov/news/speeches/2025/three-financial-crises-and-lessons-future
Who would FDIC pay $69 Billion "EVENTUALLY"
"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.

LARGE green, Not much was ever said about KWB being a minor underwriter however they were and had insider information and got an extra year to elect what class they were in. As I recall they were advisors to WMI. THEY ELECTED preferred shares! But had an additional year to annalize and Elect what position they wanted. THAT tells me Perferred are Golden at some point when the FDI C wraps up the Receivership.

What a load-a-crap (lodas). Sure, sure, they chose Class 19 for tax purposes, LOL.

Please expose!!!!! Let's see what you got.....

Maybe she will do the fight again for the mom and pops but this time not put in a claim for millions in return.......nothing matters if there is no distribution.....even if it is just for interest.....

Yep....walrat will going into the sunset on scooter....claiming I fought for justice for wamu shareholders.....

since all common and preferred was classified as equity, the Underwriters opted to be in class 19 because they could have gotten a better deal with the IRS in writing off their losses in a different tax bracket as holders of preferred shares versus common shares...this is just my opinion, but the chapter 11 release documents were known to the Underwriters before they signed the documents...maybe they just wanted time to evaluate their advantages between classes 19, and 22, and finally decided on class 19, and fought so hard to maintain it.....WMI stated on court that "all reportable, and assets NOT REQUIRED TO BE REPORTED WERE DISCLOSED TO THE COURT...so, IMO, the reason the Underwriters wanted to be in class 19 was for better tax write offs, and not for more recovery post chapter 11 closing...JMO...... Lodas

No one even cares or knows....buried under 100 layers of documents including an examiner saying nothing left....she will never be exposed....

Bban, didn’t you once hint that those PR’s about 75/25 to the end by the LT , was meant for AZ ?



They came out twice on the 75/25 on all distributions and told all exactly how it would be paid out

SO THAT NOBODY CAN CLAIM THEY WERE FOULED IN ANYWAY FORM OR FASHION so they could be sued

REMEMBER THEY CAME OUT TWICE TO QUELL MESSAGE BOARD RUMORS[/

I guess the were talking about YOU!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!



https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175612298

It will be much like the JUDGE in the K-MART case, now let's see if she has enough GUMPTION to come out as he did and admit she was wrong, and fooled I seriously doubt it

DIDN"T SAYYYYYYYYYYY anything would happen to her but she is gonna be humiliated and it WILL go against her legacy, so YES she will get slapped metaphorically
And I assure you talked about in the legal community SHE KNEW she was wrong that very day and had messed up and it was easy to see like when your kid lies to ya and ya know better

OH and the day I was in court one could easily tell she KNEW ROESN E"TAL screwed up and then made her statement, IF IT HAD BEEN BROUGHT BEFORE ME I WOULD HAVE SIGNED OFF on it, well lady guess what ya didn't. You should have seen her put her face in her hands and then look at HOSEN US LIKE OK AH ya got me into this NOW GET ME OUT OF IT.
Funny it was the ONLY stipulation out of 48 that did NOT MAKE IT TO HER DESK HMMMMMMMMMM

"" There is no proof she screwed WAMU shareholders on purpose""


AND again as I have stated a 100 times , NONE OF THIS WILL EVER BE addressed or opened up again

When AYA specifically showed her where CLASS 19 was NOT ALLOWED to be diluted only Class 21 and 22 could be..........

SO yes she did screw us SOrry as she immediately should have agreed and put them in class 22

Lot's more sense again telling us the truth.

And it's not like the DTCC doesn't know what each of us had in our accts and if we elected to participate or not.....

Yes, back to your point about the payout matrix being put out to us in January of the year 2012 while we could still trade was amazing and then the WMILT 8K filing put out well after the 3/19/2012 origination date of WMIH/COOP on 8/1/2012 showing the Preferred and common equity interests designation.

As we were told before about MAGIC MONEY just showing up could be the reason to your point of avoiding litigation and CYA which makes more sense now.


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That ALSO may be their way of escaping any further legal issue. MAGIC MONEY just shows up

Just like I have suggested that the payout matrix 8k/pr was put out to do the same thing, as nobody can say they were not told the truth and bring suit, A SMART CYA move on their part to quell any legal action about it.....................You and I have discussed it many times as to WHY they put those out 2 different times

Bbanbob, yes, just like MAGIC MONEY!!!

Also if any takes the funds/shares given them it will basically be a hold harmless and acceptance of the deal being consummated.

Large/Split

Only problem I see is that , I DO NOT BELIEVE that Pandora's box will every be allowed to open on this debacle again.
AYA played that card and yes it EXPOSED it but, JUDGE MARY declined to do chit about it...............ANd with her having made a HUGE mistake in doing so, I seriously doubt she would ever allow this to be revisited for a minute....................

She imho is gonna get seriously slapped when money comes back here and especially if it is any of the large numbers being thrown about............

P/S. Also remember that AYA did it on her own dime and if the UW's in fact spent 800K per each court trial, if one had to hire a lawyer they best have deep pockets...REAL DEEP POCKETS for legal fees and possible sanctions

Plus not sure how ya open it again anyway as that horse is out of the barn with POR 7A and their being allowed to go to Class 19

Not a thing.....

Split, what’s currently not allowing the completion? TIA

Thank you for posting , LG! Is this ever going to be resolved.? I just do not understand the slow delivery. Does TRump and his admin have anything to do with with shareholder rights and or payment and completion in this case?

Split T; ah, very interesting from the following statement alone.

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the recent upgrade by KWB exposes their hand

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It all makes sense now as I did not realize KWB are the same UWs then giving COOP upgrades...makes much more sense.


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WMI states in court, on record by an SEC filing, in chapter 11 courtroom, "that ALL ASSETS REQUIRED, AND THOSE NOT REQUIRED TO BE REPORTED WERE DISCLOSED TO THE COURT!!!!!!!!!!!....They then sought Release signatures for you to ALLOW THEM TO ABANDON YOUR EXISTING ASSETS, AND VALUES in the old company, in exchange for stock in the newly reorganized company......any attempt by WMI, WMIH, COOP to later screw old shareholders of former WAMU/WMI values WOULD CONSTITUTE FRAUD!!!!!!!!!!.....This so called PLR you posted in no way involves recovery for old shareholders, else smarter lawyers than you would have instigated a lawsuit by now,,,, I am in reference to Bonderman, Tepper, et., al. who never went to court after the chapter 11 settlement.........punting this "frozen turkey" into a new year again???.......Lodas

Large Green , Yep the underriighters , including K W B took advantage of us and were given an extra year to choose what class they chose to be in. It appears from what people are post many of us may lose several hundred thousands of Dollars. the recent up grade by KWB exposes their hand as they know what’s coming back and have been sand bagging us for years. They fear me exposing their dastardly deeds.

U.S. Homes Sales in 2024 Fell to Lowest Level in Nearly 30 Years
Higher mortgages rates and record home prices kept sales subdued for the second straight year

By
Nicole Friedman
Updated Jan. 24, 2025 4:17 pm ET

U.S. existing-home sales fell in 2024 to the lowest level since 1995, the second straight year of anemic sales due to stubbornly high mortgage rates.

High costs related to homeownership sapped sales again. The average rate for a 30-year fixed mortgage has hovered between 6% and 8% since late 2022, making it prohibitively expensive for many Americans to buy homes at current prices, which hit record highs last year. Rising home insurance and property tax costs are also adding to homeowners’ expenses. Unlike mortgage rates, which fluctuate, these costs are poised to continue rising.

Copyright ©2025 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Continue reading your article with a WSJ+ subscription.
Unlimited digital access across all platforms and devices.

https://www.wsj.com/economy/housing/u-s-homes-sales-in-2024-fell-to-lowest-level-in-nearly-30-years-3ce94fd9

Oh, I thought maybe Trump pardoned you.

I BELIEVE THE FDIC HAS NOT BEEN THE CULPRIT FOR DELAY OF DISTRIBUTIONS RATHER OUR OWN - THE POTENTIAL PLRs POSSIBLY NOT READY YET

***THANKS goes to BP Poster, Jaysense for following the PLRs***

Here is a link to the new IRS Private Letter Ruling PLR on 12/20/2024

https://www.irs.gov/pub/irs-wd/202451015.pdf

This is an interesting new IRS ruling, for a couple of reasons:

1) This one involves a publicly traded company, with Historic Debt. As part of a complicated transaction, the Historic Debt is being repaid by third-party investment banks.

2) Further, a "Shareholder Purge" is mentioned. Interestingly, after doing a simple search, I found that the term "Shareholder Purge" has not appeared in any previous IRS Private Letter Rulings until this one. The term itself is virtually unheard of on the Internet. Remember, CSNY has repeatedly said that she expects small shareholders to be bought out, against their wishes. Could this be a 'Shareholder Purge'? Could this be 'us'?

Other clues do NOT point to us, however. Still, if you are a fan of these rulings, this one is worth a look, IMO.

ChatGPT Follows below:

The PLR (Private Letter Ruling) 202451015 doesn't directly identify the corporation or its subsidiaries, and the entities referred to are anonymized (e.g., "Distributing," "Sub 1," "Sub 2"). However, some contextual clues could help narrow down possibilities:

Washington Mutual: Washington Mutual (WaMu) was placed into FDIC receivership in 2008 during the financial crisis, with its banking operations sold to JPMorgan Chase. If the transactions described in the PLR involve assets or entities linked to WaMu's banking operations post-2008, it's conceivable this PLR might apply indirectly to activities involving its remnants or restructuring entities.

Lehman Brothers: Lehman Brothers filed for bankruptcy in 2008 and was not under FDIC receivership but underwent a complex liquidation and restructuring process. If the PLR pertains to entities or assets connected to Lehman's bankruptcy proceedings, such as its successor entities or retained assets, it might also be relevant.

Factors to Consider:
The PLR discusses spin-offs, active trade or business requirements, and tax implications of debt and equity restructuring. These align with the type of financial maneuvers that could occur in entities managing residual assets of major defunct financial institutions.

The presence of "Sub 1," "Sub 2," and "DRE 1," all under a larger corporate structure, could align with a holding company's structure similar to WaMu's or Lehman's legacy entities.
To confirm whether this PLR applies to Washington Mutual or Lehman Brothers, additional context or details about the corporate structure and timeline of the transactions would be necessary. Let me know if there's a specific element you'd like to investigate further.

This is another PLR from the IRS regarding the previous extensive version

The uploaded PLR documents still do not specify whether they directly apply to Washington Mutual (WaMu) or Lehman Brothers. Both were entities that underwent significant restructuring during the financial crisis, with WaMu going through FDIC receivership and Lehman filing for bankruptcy. However, the PLR does not explicitly connect to these institutions or their known successor entities.

Key Considerations:
Washington Mutual: If this PLR addresses debt and equity restructuring tied to assets sold to JPMorgan Chase (or any associated holding company), it could theoretically relate to WaMu's legacy structure.
Lehman Brothers: If the PLR relates to subsidiaries or entities arising from Lehman's liquidation, such as Lehman Brothers Holdings Inc. (the entity handling residual assets), it might apply here.
The anonymized details in the PLR ("Distributing," "Controlled," etc.) make it difficult to confirm without further contextual business or financial information linking it to either entity. If you have more details on related entities or transactions that might connect to either WaMu or Lehman Brothers, feel free to share for further clarification.

You said:
Washington Mutual did have a surviving entity currently Mr Cooper group https://www.mrcoopergroup.com/ and Formerly: WMIH Corp, Nationstar Holdings

ChatGPT said:

The surviving entity of Washington Mutual, now known as the Mr. Cooper Group (formerly WMIH Corp and Nationstar Holdings), aligns with the restructuring and reorganizational themes outlined in the Private Letter Ruling (PLR) 202451015.

How the PLR May Relate to Washington Mutual:
Corporate Reorganization:

The PLR describes a reorganization under Section 368(a)(1)(D) and a spin-off under Section 355 of the Internal Revenue Code. This structure aligns with the type of transactions WMIH Corp engaged in as it evolved into Mr. Cooper Group.

WMIH was initially created to manage residual assets from WaMu after FDIC receivership and bankruptcy proceedings.
Debt and Equity Transactions:

WaMu, through its successors, dealt with substantial historical debt. The debt-for-equity exchange and intercompany debt repayments outlined in the PLR are consistent with how WMIH Corp and later Nationstar Holdings managed legacy debt.

Active Business Requirements:

The PLR's references to maintaining "active trade or business" align with WMIH's transformation into Nationstar Holdings, which took over mortgage servicing and related activities, rebranding later into Mr. Cooper Group.
Likelihood of Connection:

The surviving entity, Mr. Cooper Group, represents the evolution of Washington Mutual's remnants through restructurings described in the PLR. While the PLR doesn't explicitly name Washington Mutual or Mr. Cooper Group, the described processes strongly resemble the corporate and financial strategies of WaMu's successors.

If you're looking to confirm this relationship officially, matching key financial transactions, dates, and organizational steps from public filings or additional records from Mr. Cooper Group may solidify the connection.


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The UWs FOUGHT FOR THREE YEARS SO THEY COULD STAY IN CLASS 19 - IS THIS WHY SO YOU DECIDE

Also do not forget about the DST playing a huge role in potential future distributions

MORE THAN likely the UWs know MORE about returns here than ANYBODY...PERIOD

THIS IS THEIR EXPERTISE AND THE VERY WORK THEY PERFORM

The role of underwriters in structured finance is similar to
that in other methods of securities issuance. Asset-backed-
security underwriters fulfill traditional arranger roles of
representing the issuer (here, the SPV or trust). The primary
job of the underwriter is to analyze investor demand and design
the structure of the security tranches accordingly. Consistent
with traditional, negotiated cash-offer practices, underwriters
of asset-backed bonds would buy at a discount a specified
amount of the offer before reselling to investors. In addition to
marketing and selling these securities, underwriters provide
liquidity support in the secondary trading market. Because
asset-backed securities trade in over-the-counter markets, the
willingness of underwriters to participate as broker-dealers by
maintaining an inventory and making a market enhances the
issuance process.

Who better to know what's there? They have to be there or it's not a "true sale" plus they have to keep "skin-in-the-game" ( normally a small percent ) to keep it so.


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“DD“ like claiming that changes to the rules of the DTCC Singapore have any relevance to former Escrows, right?

No Steve there are people here Ihub that do not me to show DD that proves our viability

Real jail?

These are changes to the DTCC Data Repository (Singapore) Pte. Ltd. Rulebook - as you actually post yourself.

But who cares whether this has any relevance to former Escrows - right?

I agree they had no grounds for the process of truth

WOW, A retired prof. In Jail? Must be driving violation.

After tis date the DTCC will be used for process

Effective Date: XX, 2024 [February 28, 2025] This DTCC Data Repository (Singapore) Pte. Ltd. Rulebook, as amended, supplemented or modified from time to time, and together with any appendix, annex or supplement hereto is copyright © 20242025 by DTCC Data Repository (Singapore) Pte. Ltd.
https://www.dtcc.com/-/media/Files/pdf/2025/1/22/DDRS-27.pdf

https://www.dtcc.com/-/media/Files/pdf/2025/1/22/DDRS-27.pdf

Ray I did not disappear I was put in jail.

RD is the best !! I agree with you!! Gltu and all of us escrow holders !!😊

What do you mean by a "multitude of other instruments"? Are we going to receive guitars, drums, cow bells, etc.?


The rest will come from Jpm stock and a multitude of other Instruments.

I remember I saw JPM stock RD post for last year, then RD disappeared and nobody gets nothing.

It is unfortunate....but it happened....bought for 1.89 billion and received and 30 billion and 11 billion to blow on bad investments...   

You've been conned

Mr BiLL....................RD is my friend.......RD is the BEST !!!!!!!!!!!!!! Do I KNOW ?????? HELL Noooooooooooooooo

who would of thought it would take this LONG ?? What are we on 14...15...16...years NOW ????

the ONLY thing I DO KNOW is we WILL BE PAID !!!!!!!!!!!!!!!!! $385 BILLION DOLLAR COMPANY DOESNT GET BOUGHT FOR $1.9 Billion Dollars and ZERO to escrow's .....Nooooo WAY....I STAND BY MY "2 TIMES VALUE" PLUS !!!!!!!!!!!!!

Thanks Bill

The rest will come from Jpm stock and a multitude of other Instruments.

IMO this will be the first 8 Bil distributed in Bonds and we will be able to borrow against
for anywhere between 3 months and 2 years.

It’s not RD fault!!! No one knows what is going to be final result is for escrow holders ! Do you??

Yes.....2x......coming soon!!!!