Mr Cooper Group Inc (COOP) News

LOL!

COOP has NOTHING to do with a previous company in which escrows were given and then removed.

No one here has an answer as to how, why and more importantly WHEN $$$$ may appear.

It’s been 16 years a bank of this size could take 20 - 25 years to resolve.

We are historically years from seeing any money (if at all)…

Yep a joke…

JHD

Ok Bill. Yeah, I didn’t mean to upset you …I don’t know why you think there’s something coming for escrow from the report.

Escrow is behind the curtain stuff. Anyway, I hope you hold some COOP because that’s where the money is currently now. I’m not saying for a fact cause I don’t know, but there is most likely in my opinion, nothing coming for escrow.. I hope I’m wrong because I have a lot of it, but after all these years and many dates missed.

Well….

JHD

Did you hear…TWO very big money entity's continuously involved here ... (XXXX ... and, XXXX / XXX) ... NOT COOP' ... COOP will simply be USED'… XXXX will drive everything

Not one thing to do with with escrows…..

COOP has nothing to do with former Escrow holders - why should it?

There’s no two ways about it! Coop has been fantastic in the last 5 years! Dang!! That is not what I was addressing in my post! Gltu some posters here and me were looking forward to seeing something positive for escrow holders from this 10Q

Great COOP news..
So let’s see about our resident Dune poster.
NO SOON
NO DILUTION
NO MAKING UP SHARE SHORTAGE
NO DISTRIBUTIONS AFTER 60 DAYS ABOVE $50
I know I’ve missed tons of other debunked nonsense from the desert of Arizona.
If ever his total lack of knowledge or insight was exposed it was with the report!
Fool me once shame on you; fool me 50 times shame on me for being so stupid

Escrow is no longer nor should have been the moment at hand...COOP is. If escrow comes after years and years fine, but I making good money on the stock, and have make alot since inception and when it fell back a couple years ago...

This is gonna be one for the record books in the future....the Monster at the mortgage table.

Best to you!

Respectfully,

JHD

I wish I could see something to get excited about in this 10 Q ! But I’m not smart enough to know how to read into this 10 q to put anything together in favor of the escrow holders! I hope someone here can explain how this is beneficial to us!! Thanks

Mr. Cooper Group 10Q 2nd Quarter 2024

https://www.sec.gov/Archives/edgar/data/933136/000093313624000069/0000933136-24-000069-index.htm

Hmmmmm .058 ??????????? 58 million shares ready ??? COME ON PAYDAY !!!!!!!!!!!!!

Az the 10Q is out. Is there 58million treasury share available?

Semper Fi

https://d18rn0p25nwr6d.cloudfront.net/CIK-0000933136/8c970be5-8963-4df9-a137-4d0afe6859ed.html

For LIBOR and to whom? Only to FDIC relating to WAMU in my opinion is of relevance.

4087. ORDER APPROVING DISTRIBUTION OF THE NET SETTLEMENT FUNDS granting [4085] Motion for Disbursement of Funds. IT IS ON THIS DAY OF, 2024, HEREBY ORDERED, ADJUDGED AND DECREED THAT: The Motion is GRANTED. As further set forth in this Order. (Signed by Judge Naomi Reice Buchwald on 7/24/2024)

This is a very active blog site:
I have done business w/ Mr. Cooper and closed out a loan but cannot talk to anyone ever on the phone. How do you promote such a business model?

$95.03 not bad!

https://www.marketscreener.com/quote/stock/MR-COOPER-GROUP-INC-46600303/news/UBS-Initiates-Coverage-on-Mr-Cooper-Group-With-Buy-Rating-80-Price-Target-45514554/

“COOP' doesn't have the Larger Check-Book ...” got it thanks AZ

Can someone confirm UBS raised to $118 and not $109? My last UBS target for COOP was $86, +$23 = $109

I agree, with their ability to handle both refinance and mortgage origination along with the wonderful platform that Xome supplies for foreclosure/repossession properties and the huge marketplace that exists there, like a Zillow for regular real estate, with their “no dilution” comment and “2025 is going to be better”…. wow just wow.

JHD

🔥UPDATED🔥 $COOP price targets==>Wedbush:$115, UBS: $109, Piper Sandler:$103, Barclays:$101, Compass Point:$97, KBW:$96, DEUTSCHE BANK:$90

Another 23 jump would bring it close to 150

Goooo COOP

The one thing we do know now according to their own words.. there will be no dilution .

JHD

150 next

Go COOP!

~ 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

===================

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

I was wondering about that one, why didn’t they just wait for the earnings?

Sahweet! Thanks for posting.

Amen Brother Bring it on and more.

.40-42 spreads /94.80’s on deck live feed, Close should be interesting GOGOOOOOCOOP 😉

GLTA-Ts

I agree BB !!

Why is COOP supporting such a low PE when we all know there growth rate is discounted here.

COOP is going to be HUGEEEEEEEEEEEEEEEE I have always said this BUT, there are gonna be imho serious ups and down to get there

Let's see if the GAP @ 89.22 gets closed, my WAG says it does and probably even as early as next week

Keefe Bruyette raises target to 96 after downgrading it 2 days ago🤔

USB adjusts Coop target to 118 form 95

$23 jump :)

95% !!!!! IS NOT ALWAYS

OH and the real scary thing is that they sometimes TAKE ALONG TIME FOR THEM TO CLOSE and they come out of nowhere to close them even yrs later

Ok thanks for the info!

JHD

Not today, because yesterday's high was $95.74

But yesterday was an opening gap. But don't mind, we have many gaps...

Not all gaps always fill as BBANBOB believes...

Hi JWW was there a gap created this morning?

JHD

Hi JWW was there a gap created this morning?

JHD

👉👉👉COOP Q2'2024 earnings call TRANSCRIPT here

https://www.fool.com/earnings/call-transcripts/2024/07/25/mr-cooper-group-coop-q2-2024-earnings-call-transcr/

Love the targets being raised to $100+

JHD

Also Barclays rises COOP by $9 to $101

https://thefly.com/news.php?symbol=COOP

Also Piper Sandler raises COOP by $15 to $103

https://thefly.com/news.php?symbol=COOP

💥💥💥 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

KBW raises price target to $96 from $95.

Nice!

Wedbush raises COOP target pps to $115 from $100.

Good morning people, I believe today and Monday’s trading sessions should be somewhat interesting to watch and see which way COOP-OTIS goes with our PPS.,I would (hope!) we could stay in the very low 90.and establish a new platform for the bouncing ball, Seya at the buzzer,maybe TGIF.Babeeee

GOGOOOOOOCOOP
Have a great day GLTA-Ts