ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for pro Trade like a pro: Leverage real-time discussions and market-moving ideas to outperform.
Mr Cooper Group Inc

Mr Cooper Group Inc (COOP)

98.33
1.24
(1.28%)
Closed 22 November 8:00AM
98.33
0.00
( 0.00% )
Pre Market: 8:34PM

Real-time discussions and trading ideas: Trade with confidence with our powerful platform.

Key stats and details

Current Price
98.33
Bid
96.45
Offer
156.34
Volume
16
0.00 Day's Range 0.00
59.03 52 Week Range 103.05
Market Cap
Previous Close
98.33
Open
-
Last Trade
15
@
98.33
Last Trade Time
21:21:53
Financial Volume
-
VWAP
-
Average Volume (3m)
474,354
Shares Outstanding
63,983,716
Dividend Yield
-
PE Ratio
12.58
Earnings Per Share (EPS)
7.81
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 US$98.33. Over the last year, Mr Cooper shares have traded in a share price range of US$ 59.03 to US$ 103.05.

Mr Cooper currently has 63,983,716 shares in issue. The market capitalisation of Mr Cooper is US$6.29 billion. Mr Cooper has a price to earnings ratio (PE ratio) of 12.58.

COOP Latest News

Mr. Cooper Completes Acquisition of Flagstarโ€™s Mortgage Operations

Mr. Cooper Group Inc. (โ€œMr. Cooperโ€) announced today that it has closed the previously announced acquisition of Flagstar Bank N.A. (โ€œFlagstarโ€)โ€™s mortgage operations. The transaction included...

ZenaTech, Inc. (NASDAQ: ZENA) Software Company Acquisition

ZenaTech, Inc. (NASDAQ: ZENA) Software Company Acquisition     Miami, FL – October 23, 2024 -- InvestorsHub NewsWire – EmergingGrowth.com, a leading...

Mr. Cooper Group Reports Third Quarter 2024 Results

Reported net income of $80 million including other mark-to-market of ($126) million, equivalent to ROCE of 6.9% and operating ROTCE of 16.8% Book value per share and tangible book value per...

Mr. Cooper Group Announces Senior Leadership Updates to Drive Digital-First Strategy and AI-Powered Home Loan Experience

Mr. Cooper Group Inc. (NASDAQ: COOP) announced today several senior leadership updates as the company continues to focus on innovation with investments in new technologies and artificial...

PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
10.590.6036423163597.7499.1595.599236374097.29886924CS
48.829.8536476371489.51103.0587.752049095.36148732CS
125.235.6176154672493.1103.0584.150147435492.8843476CS
2614.0816.712166172184.25103.0578.243280089.38723826CS
5237.9362.79801324560.4103.0559.0345339879.89426081CS
15656.32134.06331825842.01103.0535.8661925353.82529168CS
26085.69677.9272151912.64103.054.3172223639.15824717CS

Movers

View all
  • Most Active
  • % Gainers
  • % Losers
SymbolPriceVol.
WCTWellchange Holdings Company Limited
US$ 2.28
(82.40%)
11.53M
SJWSJW Group
US$ 87.99
(58.97%)
7
VRPXVirpax Pharmaceuticals Inc
US$ 0.8733
(48.09%)
8.11M
IMOSChipMOS Technologies Inc
US$ 27.99
(44.28%)
4
SKKSKK Holdings Limited
US$ 1.51
(37.27%)
4.08M
FNWBFirst Northwest Bancorp
US$ 6.01
(-45.71%)
1
WAFDWaFd Inc
US$ 21.82
(-39.97%)
28
AMIXAutonomix Medical Inc
US$ 8.16
(-39.64%)
27.69k
KSCPKnightscope Inc
US$ 11.09
(-39.37%)
11.54k
CLBKColumbia Financial Inc
US$ 11.52
(-36.67%)
2
WCTWellchange Holdings Company Limited
US$ 2.29
(83.20%)
11.54M
VRPXVirpax Pharmaceuticals Inc
US$ 0.8697
(47.48%)
8.11M
BENFBeneficient
US$ 1.13
(28.41%)
7.74M
RGTIRigetti Computing Inc
US$ 1.84
(24.32%)
5.04M
SKKSKK Holdings Limited
US$ 1.49
(35.45%)
4.08M

COOP Discussion

View Posts
diamondguru-one diamondguru-one 3 hours ago
come on Mr. COOP...................... I'll take my shares NOW please !!!!!!!!!!!!!!!!!

.058 X MY escrow shares is more than F&R !!!!!!!!!!!!!!!!!!!!! JUST GET IT DONE !!!!!!!!!!!!!!!!
๐Ÿ‘๏ธ0
lodas lodas 6 hours ago
@b3......sorry for the late response, but I only get 3 posts per day allotment, and they ran out this morning....I could have conflated the assertion that A/M was paid a billion dollars in total for their charges to bring about a settlement with the overall cost to handle the chapter 11 bankruptcy... somehow the huge monthly charges by A/M, Rosen getting 1250 dollars per hour, 25 hours per day (no joke, it happened), Susmans team to handle the equity positions in court, and the mediation hearings, Hotchbergs huge fee for expert testimony, The TAB board members making 10 thousand per year, and fees when they attended meetings, of course charles Smith getting 25 million to bring about the restructuring, and NS merger, and who knows what else was charged to bring about the chapter 11 closure... I believe that lawyers working the case was paid hefty hourly fees in the thousands of dollars... so, yes, it could be a good project for newflow to research the fees paid to close the chapter 11 to A/M... I tried this morning through Google, but not successful... probably BARD would be necessary.. I dont have the time or inclination to do that research, simply because it does not matter, IMO...here is the bottom line to this long post.......WMI went into court and stated that "all assets required, and those NOT REQUIRED TO BE REPORTED WERE DISCLOSED TO THE COURT....the 2013 WMIH 2013 forensic accounting of all residual assets from the closure of the chapter 11 states 31 million dollars held in Trust by WMMRC....conclusion?...WMIH was bereft of any Billions upon Billions of hidden or off balance sheet Trusts as asserted on this message board...was WMIH bound by some law to not disclose any assets of the old estate from former shareholders?... probably not, because no further lawsuits were filed against the WMIH...in addition, in closing, WMIH states in the 10-K that no further court action has been taken to retrieve former assets taken from them....Lodas
๐Ÿ‘๏ธ0
PickStocks PickStocks 9 hours ago
Yet......you still have not revealed a distribution will happen.......however tell everyone how you bought at 5-7 and sold at 50.50 and told everyone coop was no longer the tell...coop no longer mattered.....then the pps rose and rose to above 100.00.....your a great accredited investor....
👍️ 1
PickStocks PickStocks 9 hours ago
We knew Doreen was still in this mess.....Cactus will post how he is great friends and how he is the know......the way  you will be right is when a distribution happens......
๐Ÿ‘๏ธ0
newflow newflow 10 hours ago
Difference between What are the Liquidating Trust Assets? & 2. What are the Trustโ€™s Assets now?
2017 FAQ
https://veritaglobal.net/documents/8817600/8817600170920000000000001.pdf

Subject to certain limited exceptions, the Liquidating Trust Interests are not transferable or assignable.

https://www.sec.gov/Archives/edgar/data/1545078/000119312518097841/d503450d10k.htm
LTIs are not transferable or assignable except by will, intestate succession or operation of law. Accordingly, there is no liquid trading market in the LTIs. Under certain circumstances, transfers of LTIs have been permitted upon the winding up or dissolution of vehicles that previously held LTIs on behalf of such vehicles or the beneficiaries thereof. There can be no assurance that the Trust will consent to any such transfers in the future.

2021 FAQ
https://veritaglobal.net/documents/8817600/8817600210115000000000001.pdf
๐Ÿ‘๏ธ0
ron_66271 ron_66271 11 hours ago
Only The Plan 7 WMI-LT is Closed. The Plan 6 LT Is Alive.

Both Chad and Doreen are overseeing the assets of the Plan 6 LT.

Yes the February MOR is the proof.
The Retained Earnings, which are never discussed in the body of the document because the Retained Earnings have nothing to do with Plan 7 LT for Creditors.

Two LTโ€™s and two DCRโ€™s presented in one document to the Court.
EC proved to the Court that all claims can be satisfied as stated in the February MOR. (The 363 Sales.)

The February MOR showed the Court how Class 22 was satisfying both the Creditors and Class 19.
RE is for the Equity class split 75/25%.
Class 19 is untitled to 75% of RE/DCR.
~2.7X Face. This satisfies the back interest with a bonus!
Other WMI assets are not disclosed.

BBOB; 75/25% is NOT GLOBAL!!
~2.7X your Kโ€™s more than satisfies your claim. You have nothing to complain about!
You donโ€™t get other peopleโ€™s property!

I have presented the numbers and the associated math.


Yes the Equity Community received control of the Liquidation Trust created during Plan 6.
DOCUMENTED AND PROVEN with direct links!

You talk about documents but never give the full details. Link, text, page numberโ€ฆ

Sorry AZ, but I have already proven that you have misread some โ€˜thingsโ€™ in the past like the $50 for 60 daysโ€ฆ.
I hope that I donโ€™t need to go further.

No one has ever been close to proving me wrong!
Example;
How is the TPS to be satisfied?
Checkmate.

Unstable emotions regarding your wants are not a proof.



Ron
๐Ÿ‘๏ธ0
PickStocks PickStocks 13 hours ago
All coming soon or really soon......nothing changes sunshine.......it does not matter unless there is a distribution otherwise you are just speaking noise.......Coop has always been the tell.....
👍️ 2
jhdf51 jhdf51 13 hours ago
OK cool. Thanks for the education.!

JHD
๐Ÿ‘๏ธ0
Bill48 Bill48 14 hours ago
Nice work Royal!! Always appreciate your hard work here!!! Good luck!!
๐Ÿ‘๏ธ0
t1215s t1215s 15 hours ago
Hi jhd

Iโ€™m not happy when a stock moves up with low vol., high vol shows interest for a stocks upward trend , letโ€™s see what happens ON THE BUZZZER

Have a great evening GLTA-Ts😉🍀
👍️ 1
diamondguru-one diamondguru-one 16 hours ago
settlement and payment .058 est.

SUNSHINE.......I'm to old for this......LOL

whats your opinions on the cash amount and COOP shares ????

COOP SHARES = .058 which is YOUR ESCROW SHARES X .058 !!! (example is 100,000 escrow shares X .058 = 5,800 COOP SHARES !!!!)

do you see an amount is CASH per escrows too ??? IF yes what s your thoughts ????? Sorry getting old sucks...LoL
👍️ 1
jhdf51 jhdf51 16 hours ago
So are you thinking next month?


JHD
๐Ÿ‘๏ธ0
newflow newflow 16 hours ago
MW's buddy!
https://brownrudnick.com/wp-content/uploads/2017/02/Brown_Rudnick_The_National_Law_Journal_Winning_Stark_6-11.pdf
👍️ 1
b3 b3 17 hours ago
Lodas.........Are you sure about your statement "A/M charged over 1 billion dollars in fees alone to bring about the chapter 11 settlement" ??
Are you saying that A&M's internal expenses + markups amounted to 1 Billion $???

One Billion dollars seems extremely high.......does it take $1 to liquidate $1 of assets??

Thanks for all your help, and also thanks for speaking in plain English and correct punctuation.......haha



b3
๐Ÿ‘๏ธ0
Royal Dude Royal Dude 17 hours ago
"IMO , Everything has been set up for month of October, November, and December. Payment for the first payment from the:
$750,000,000 JPM Bond on the 22nd of October. Total offering 9B. The rest paid quarterly for 5 years
COOP shares estimated .058 x legacy = Conversion eminent
299 Bil FDIC from the Libor paid with Series A Weekly Bonds/JPM stock. Settlement done/ eminent
JPM Depositary shares from Series NN Mature 28,28,30,35
Amounts have been covered but who knows exactly. My opinion
Payments trust me after great study IMO if you dare. This is just for JPM Coop Conversion will be a separate
settlement and payment .058 est.
Begining of Payments
2.5 B 2,500,000 depositary shares NN 9. Bil
10/22 (1) 9. Bil JPM Note$19:1
10/22 (3) $ Notes 9 Bil
1,22,2025(4) Next Quartily payment (All four Bonds)
Not giving up for December FDIC settlement iminent, only class settlemet today on compensation
👍️ 2 ❤️ 1
nadodude nadodude 17 hours ago
flip flop flip flop sounds pretty fishy to me and par for the course for AZ cow pie!
๐Ÿ‘๏ธ0
lodas lodas 17 hours ago
the chapter 11 is closed as ratified by all parties holding claims, and remunerated for their prior values.... those that held preferred stock were given a pro rated share of 200 million shares IN RETURN FOR THE PREFERRED STOCK THEY HELD PREVIOUSLY!!!!!!....thats what the documents say!!!!!!.....said another way..... if you owned any of those previous preferred instruments, YOU ACCEPTED NEW STOCK IN RETURN FOR THEM!!!!!!......did you read the chapter 11 document.... " all common and preferred shares were cancelled and extinguished in return for stock in the new company....throw this turkey out.... it went rancid 12 years ago, and going on thirteen....now, you tell me what your link implies as far as getting more money from WMIH?.... by the way, my posting name is Lodas....show some respect
๐Ÿ‘๏ธ0
jhdf51 jhdf51 18 hours ago
absolutely!

JHD
๐Ÿ‘๏ธ0
newflow newflow 18 hours ago
lota...all preferred shares were converted to common shares?, and yet UWs were dumb enough to receive class 19 claims?. LOL. You can pull as many stories as you wish.I did not prove your point, there was a BOD until effective date.I proved you wrong.
👍 2
JusticeWillWin JusticeWillWin 18 hours ago
👉👉COOP's fair PPS is $250+===>absolutely UNDERVALUED

Check COOP's current P/E ratio: https://finance.yahoo.com/quote/COOP/key-statistics?p=COOP

COOP's trailing P/E is only: 12.48
COOP's forward P/E is only: 6.99

The P/E ratios in this list (data is as of January 2024)
Financial Svcs. (Non-bank & Insurance) covering 172 companies is the correct row:

http://pages.stern.nyu.edu/~adamodar/New_Home_Page/datafile/pedata.html

Financial Svcs. (Non-bank & Insurance)
The average P/Es are:
Current: 34.63
Trailing: 25.59
Forward: 25.54

So COOP's P/E is way too low and COOP is absolutely undervalued.
The PPS should be $250+ considering the forward P/E in my opinion!
๐Ÿ‘๏ธ0
lodas lodas 18 hours ago
@ newflow...... very good, you have just confirmed what the 2013 WMIH 10-K stipulates how the 200 million shares were valued that were given to holders of old WAMU equity shares.... A/M liquidated the 7 re insurance companies plus WMIIC of their values, and created those shares given to us... nothing sinister here as A/M did many transactions many here on this board would never comprehend... if you recall, A/M charged over 1 billion dollars in fees alone to bring about the chapter 11 settlement...so, my point still remains as this.... all preferred shares were converted to equity shares, and preferred holders of claims were given a pro rata share of the newly created 200 million shares in the new company.... subsequently, when the chapter 11 closed, those preferred shares were cancelled, extinguished, and all rights to future dividends are null and void.... it says so right in the chapter 11 closing document, and the release forms that you signed...said another way..... there will be no additional payouts to preferred holders including dividends whether in arrears or not... this turkey is cooked 12 years ago, and getting rancid now.... Lodas
๐Ÿ‘๏ธ0
jhdf51 jhdf51 18 hours ago
But you must have some idea some small glimmer in your heart as to when this may all wrap up?

JHD
👍️ 1
jhdf51 jhdf51 18 hours ago
Yes you are! 😊

Nothing wrong with that.
๐Ÿ‘๏ธ0
AZCowboy AZCowboy 18 hours ago
~ XOOM, ... YES', with the wmi-lt, now closed and having completed its Court Ordered Functions, ... YES, all of those presentations HAVE BEEN Meaningless' and Incorrect ... ~

the wmi-lt WAS NEVER the Company' and the wmi-lt's pr's and filings NO LONGER MATTER, those pr's and filings were applicable to the wmi-lt's DCR, now all completed ... "to the end" ... the Company Has Always Been WMI Reorganized into 2012's WMIHC and then into 2015's WMIH ~

Yes, ... ("to the end" of the wmi-lt)

the SEC 10-K's reveal what ... "The Actual Company" ... has been doing' ... when, why, and how' ! !

AZ, are you stating that even though the LT put out a statement, about 75/25 to the end, whatever they said, is now invalid, since they have packed up and gone ?
I know this is what Bban refers to every time.

just sayin'

AZ
👍️ 5 🔽 1
xoom xoom 18 hours ago
AZ, are you stating that even though the LT put out a statement, about 75/25 to the end, whatever they said, is now invalid, since they have packed up and gone ?
I know this is what Bban refers to every time.
๐Ÿ‘๏ธ0
newflow newflow 18 hours ago
lota... page 3 https://www.sec.gov/Archives/edgar/data/933136/000090951812000097/jg02-2222first_t3a1.htm
๐Ÿ‘๏ธ0
AZCowboy AZCowboy 19 hours ago
~ Remember Folks, ... the now completed and closed up wmi-lt', its pr's, and filings, ? ... ARE NOT THE COMPANY, ... as has been so poorly' presented ~

... and, with the wmi-lt now completed and closed, again none of that matters' ... shhhhh, but it was WMIHC that began the move forward' back in 2015 ...

... COOP, the 2018 Acquired Sub Grouping will be the Tool Used ...

Have A Nice Day People ...

just sayin'

AZ
👍️ 4
BBANBOB BBANBOB 19 hours ago
HMMMMMMMMMM

""along with any silly considerations of any 75/25 ratio sharing of the eventual returns' .."""
So again and still you contend that we were all lied to with and in our election forms and then subsequently lied to in both an 8K and PR concerning and explaining the 75/25

What happened to "THE ONLY THINGS YOU CAN BELIEVE ARE 8K filings and PR's from the company itself , everything else is just noise""

flip flop flip flop
👍️ 1
BBANBOB BBANBOB 19 hours ago
WHile there is still ongoing cases over what MIGHT be coming back, IMHO yes it does take that long.
Let's see when Libor is settled just how it all plays out, till then I hold hope But I am an eternal optimist myself.........
👍️ 1
BBANBOB BBANBOB 19 hours ago
Yes BUT

Has not been PRO escrow concerning what the COMPANY said in an 8K or a PR as to the 75/25 the company stated on payouts.

Think about it, ALL were told prior to signing WHAT THE PAYOUT MATRIX would be imho so there could be no legitimate reason to sue and certainly would not win any such suit, then on 2 separate occasions came out with 8K and PRs stating the 75/25% yet again TO QUELL MESSAGE BOARD MIS INFORMATION and chatter(their own words) as to what the payout matrix would be........................ and again restated 75/25 on any and all payments and how it was allocated

SO we wait and see.............................

He always stated "he would just ride off into the sunset on his harley, never to be heard from again"""(btw he sold that harley) he had put up as a bet on the 75/25 being to the end...... SO I guess he rode off on the NEW ONE
๐Ÿ‘๏ธ0
AZCowboy AZCowboy 19 hours ago
~ Hello BoardDork, ND9, JB, John, ... and All, ... Yes, Everything' is fine as this WaMu ... WMIH Process continues' ... as "COOP" remains a 2018' Acquired Subsidiary Grouping / and only' a necessary loan servicer acquired ~

the wmi-lt remains, now closed and completed, and those unable to accept ?, ... remain confused ...

the WMI 2012 reorganized into WMIHC to 2015's WMIH process used ?, ... remains explained within the SEC's 10-K's, and those that don't study ? ... what was done and how ? ... remain the same', confused' ...

... what has been able to be revealed ?, ... has been, or has been "cactus" chosen NOT to be ... $7.00 to $50.50 ? ... and then $50.50 to $100.00 ? ... just sayin' ... profit is not a dirty word' LOL

at the $50.00 pps achievement ... the allowable debt structure has now been released for utilization, however "COOP" the Sub Grouping, ... IS NOT IN CHARGE' ...

Stick to the sequential 10-K's filed and disregard all of the rest, ... 2012's Feb MOR's, the closed up wmi-lt', and irrelevant presentations of angst' due to misunderstandings, and word or meaning twisting by another' ... along with any continued silly considerations of any 75/25 ratio sharing of the eventual returns' ...

... the WMB NOTES / EURO BONDS, LOOK GREAT' ... the CT's As Well ... cactus checks them daily ... and the NINE Trusts Moved, that are cusip designated, ... remain SECURED' ... ~ Know What You Own ~

just sayin'

AZ
👍️ 6 💤 2
BBANBOB BBANBOB 19 hours ago
OR he took seriously that fact that DOREAN had told him SUPPOSEDLY what he was required to do with his bonds and he bragged about being given INSIDE information not privy to everyone else..................................... and WAS warned that DOREAN might not be to happy being outed on a MB for doing so.

Who knows the reason and who cares
👍️ 1
jhdf51 jhdf51 19 hours ago
Back over $100 soon imo

JHD
๐Ÿ‘๏ธ0
t1215s t1215s 20 hours ago
Good morning people, Looks like a good day for COOP, ,itโ€™s just these darn spreads which is 0.31 live feed as of this post , anyhow letโ€™s see where it goes at the close

GoGooooooCOOP GLTA Have great day people-Ts😉
👍️ 2
diamondguru-one diamondguru-one 20 hours ago
U's will using a different instrument IMO

what are u thinkin sunshine ?????
👍️ 2 ❤️ 1
Royal Dude Royal Dude 20 hours ago
No for P's only in the series nn $171.88 PPS U's will using a different instrument IMO Next year is for the merger in COOP hoping before.
👍️ 3 ❤️ 1
Royal Dude Royal Dude 20 hours ago
It is my guess that the coversion will all done in the DTCC directly to our brokers. It has been delayed many times they are stealing from us IMO
๐Ÿ‘๏ธ0
JusticeWillWin JusticeWillWin 22 hours ago
🔥🔥🔥COOP has still ~$224 MILLION LEFT in their current STOCK REPURCHASE program and can BUY BACK a lot of additional shares!
👍️ 1
lodas lodas 1 day ago
to be fair, the following points should be noted, and the first is that A/M, who handled the chapter 11 restructuring did nothing illegal, and was not complicit in hiding money from creditor, or equity claims...
(1)... when Wamu was seized, there was no corporate structure when all officers left
(2) when WMI filed chapter 11 there was no corporate structure in place to do the restructuring, so A/M was hired to provide the accounting, dissolution of WMI Re insurance Trusts held by WMMRC, and the dissolution of WMIIC, and probably other assets of WMI...
(3) over 7 billion dollars was obtained from various sources of recovery that had to be accounted for so as not to lose "value" before the chapter 11 was settled...Time is money, especially over 7 billion dollars , so A/M was wise to place it in various modes of venues to insure protection from loss of value...example: we all do the same thing when we are given large sums of money... the average guy will place the money in a bank to draw interest, or a T-Bill to gather dividends until the money is put to use.... A/M used as series of complex avenues to safeguard the money, as they are required to do as agents for WMI... so, my point.... there was nothing sinister in the various schemes employed by A/M to handle this money... the fact that there were no fraud lawsuits attest to this ......Lodas
👍️ 1 😳 1
jhdf51 jhdf51 1 day ago
Yes and I say we get little or nothing. Just a hunch. It doesnโ€™t take this long to settle escrow holder accounts. IMO

JHD
👍️ 1
Bill48 Bill48 1 day ago
Great! Do the funds come through brokerage accounts or personal mail??? A I donโ€™t know 🤷
👍️ 1
newflow newflow 1 day ago
Did WMI Liquidating Trust use certain financial vehicles to transfer liquidating trust interests issued to former equity but not distributed?
[color=red]Yes, WMI Liquidating Trust used certain financial vehicles to transfer liquidating trust interests (LTIs) issued to former equity holders but not distributed. These financial vehicles were used to facilitate the distribution of LTIs to former equity holders and to ensure that the LTIs were properly accounted for and tracked.

One of the financial vehicles that WMI Liquidating Trust used was a securities lending program. Under this program, the trust would lend LTIs to eligible borrowers. The borrowers would then pay interest on the LTIs to the trust, and the trust would use this interest to pay distributions to former equity holders.

WMI Liquidating Trust also used a derivatives program to transfer LTIs. Under this program, the trust would enter into derivatives contracts with eligible counterparties. These derivatives contracts would allow the trust to transfer the risk of changes in the value of LTIs to the counterparties.

The use of financial vehicles to transfer LTIs allowed WMI Liquidating Trust to distribute LTIs to former equity holders more efficiently and to reduce the risk of losses from changes in the value of LTIs.

Here are some of the specific financial vehicles that WMI Liquidating Trust used to transfer LTIs:

Repos: Repurchase agreements (repos) are a form of short-term financing in which a seller of securities agrees to repurchase them from the buyer at a predetermined price and date. WMI Liquidating Trust used repos to borrow cash and to transfer LTIs to lenders.

Swaps: Swaps are contracts between two parties that agree to exchange cash flows. WMI Liquidating Trust used swaps to transfer the risk of changes in the value of LTIs to counterparties.

Futures contracts: Futures contracts are agreements to buy or sell a commodity or financial instrument at a predetermined price and date on a futures exchange. WMI Liquidating Trust used futures contracts to hedge against changes in the value of LTIs.

The use of these financial vehicles allowed WMI Liquidating Trust to manage the risk of changes in the value of LTIs and to distribute LTIs to former equity holders more efficiently.
As per Bard.[/color]
👍️ 1
newflow newflow 1 day ago
wmi liquidating trust transferred liquidating trust interests using several financial vehicles?
AI Overview
When the WMI Liquidating Trust transferred its liquidating trust interests, it utilized multiple financial vehicles, likely including a combination of direct distributions to beneficiaries, sales of interests to third-party investors through a secondary market, and potentially the creation of additional trusts or holding companies to facilitate specific distribution strategies depending on the complexity of the underlying assets and the needs of the beneficiaries; all while adhering to the terms of the bankruptcy plan that established the trust.
Key points about the WMI Liquidating Trust transfers:
Direct Distributions:
The primary method would likely involve distributing the liquidated assets directly to the beneficiaries of the trust, with each receiving a proportionate share based on their ownership interest in the trust.
Secondary Market Sales:
To facilitate quicker liquidation, the trust might have sold portions of its assets to third-party investors through a secondary market, potentially utilizing a broker or investment bank to manage the sales process.
Use of Holding Companies:
In certain situations, the trust might have created separate holding companies to manage specific asset types, allowing for more targeted distribution strategies and potentially minimizing tax implications.
Tax Considerations:
Due to the nature of a liquidating trust, the distributions to beneficiaries are generally treated as a return of capital and not taxable income, although specific details of the underlying assets and tax laws would need to be considered.
👍️ 2
dragoon76 dragoon76 2 days ago
It's just a p*****g contest with AZ vs Bban and Large Brown over the 75/25 stuff.
100% times zero = zero
75% and/or 25% times zero = zero

For me, I don't care who's right? I just want some results, either we get something or nothing.
👍️ 3
waytogoman waytogoman 2 days ago
AZ has always been pro escrow, I'm confused by your post
👍️ 1
Large Green Large Green 2 days ago
He does NOT want to be around when the real truth comes out that will prove him what he shows to most which is a poor excuse for a decent person!

โ€ฆ
👍️ 1
Oberthal Oberthal 2 days ago
It is strange that AZ just disappeared and not saying anything. Weird.
๐Ÿ‘๏ธ0
dragoon76 dragoon76 2 days ago
I few things I can comment on. On some of the other things I agree with you, it's puzzling.

1. The docs point to who/what XXXX is

2. Screen shots prove nothing one way or another. A few years back, someone posted a pic (we figured out is was photoshopped) showing they had a boatload of Ps or Ks or whatever, which was obviously fraudulent because we knew the total amount of possible shares.
๐Ÿ‘๏ธ0
PickStocks PickStocks 2 days ago
Do you mean Cactus was providing misinformation on his bond distribution......Doreen was the one who clarified along with Hosen giving him the title of OG and accredited investor....was this all a lie as well.....Oh My....
๐Ÿ‘๏ธ0
BBANBOB BBANBOB 2 days ago
ANd NO OTHER BOND holder including an EX wall street trader has not received any divies on his bonds and what about the April TAX return divies that was supposed to have been paid GUARANTEED in April about 3 yrs ago........................... And I still have a problem with the COMPANY releasing both an 8K and PR to QUELL MESSAGE BOARD MIS MIS MIS INFORMATION, stating everything was to be paid 75/25% and your waivers said the very same thing.

We'll see in the end how this all plays out and we will just have to wait till then................
๐Ÿ‘๏ธ0

Your Recent History

Delayed Upgrade Clock