AZCowboy
9 hours ago
~ Good Morning Hex, ... YES, I strongly do believe That the WMIH 2018 Acquired Subsidiary Group (nationstar etc.) ... or "COOP" ... WILL BE USED TO Separate the Original Releasing Owners of the 2012' WaMu's Reorganization, from those that came on deck ... years "after the fact" of the 2012's WaMu Reorganization ... by "COOP" using its "Share Buy Back Program" ~
... No fanfare is or will be necessary, ... everything has already been revealed' ... so, in my opinion it's a simple concept of ... "WE Already Told You" ... (P&AA, GSA, Globic, etc.etc.) ...
... "COOP" only reports within its 10-K's, that NationStar Mortgage LLC. Is the Only Operational Sub (LOL' ya right) ... and then ?, ... Nationstar Mortgage LLC. continues to service the value related and continuing ABS-Certs (Trusts) originally aligned with the WMI Reorganized Holding Company' ...
So, it has been my conclusion for MANY MANY Years, that there are TWO very big money entity's continuously involved here ... (XXXX ... and, XXXX / XXX) ... NOT COOP' ... COOP will simply be USED' ... maybe COOP survives ?, maybe COOP Does NOT, personally I DON'T Care if "COOP" survives what is to come, as merely a Loan Servicer ?, (their own words) ... servicing the loans can be done by numerous entity's ... (XXXX / XXX) initially comes to ol' cactus' mind' ... easy-peeezy stuff
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Over the last week or so, ... over the many years now and with so much brokerage / bank movement, ... I simply wanted to suggest / recommend that "everyone" check their own paper trail of original ownership by way of their ballots' ... to ... "Approve The Plan" and leave the other two of three options BLANK. ... only the one box should have been checked' ... AND' an individuals CURRENT Broker / Bank should have your original voting records intact' ... with the proper cusip number depicting ones original ownership' ...
... originally the DTC was and remains our "Voting Agent" ... the wmi-lt used those numbers to issue the esc cusips, that's all ... However, It Is My Opinion and Conclusion That THOSE Documents submitted to ones Brokerage or Bank', dictating ones specifically released ownership of WaMu ! ! !, ... will be used once again and SOON' ... for the Reset of the 2018 Acquired Subs "share platform" ...
There is BIG BIG Money Behind all that has been and will be coming, ... COOP' doesn't have the Larger Check-Book ...
I saw that YOU were Proactive within this follow-up of your own documents paper trail' ... in lieu of acting like a "KnowITAll" (36,000 +, and all of that 75/25 ... NOT') ... I hope that helped Hex' ... "Abba Da Ayy"
if I've missed anyone else, ... ? ... I never mean to'
just sayin'
AZ
JusticeWillWin
12 hours ago
💥💥💥 COOP FANTASTIC EARNINGS and HUGE ACQUISITION ANNOUNCEMENT
* Reported net income of $204 million including other mark-to-market of $68 million, equivalent to ROCE of 18.1% and operating ROTCE of 15.3%
* Book value per share and tangible book value per share increased to $71.24 and $68.67
* Servicing portfolio grew 37% y/y to $1,206 billion
* Repurchased 0.3 million shares of common stock for $24 million. Board of directors approved additional $200 million for stock repurchase, bringing total authorization to approximately $270 million
* Announced acquisition of Flagstar’s mortgage operations, including MSRs and subservicing contracts totaling approximately $356 billion in unpaid principal balance (UPB), for $1.4 billion in cash
https://www.businesswire.com/news/home/20240725237654/en/Mr.-Cooper-Group-Reports-Second-Quarter-2024-Results-and-Announces-Acquisition-of-Mortgage-Operations-From-Flagstar