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WMIH Corp. (WMIH)

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WMIH and WMILT iHub Message Board                   

WMI Holdings

 

  On September 26, 2008, Washington Mutual, Inc. filed a voluntary petition for relief under Chapter 11 of Title 11 of the United States Code in the Bankruptcy Court for the District of Delaware. After a 3 ½ year bankruptcy proceeding, we emerged from bankruptcy on March 19, 2012 with a new board of directors and certain new officers. At that time we also changed our corporate name to WMI Holdings Corp. and we are the successor to Washington Mutual, Inc. We currently operate a single business through our wholly owned subsidiary, WM Mortgage Reinsurance Company, Inc., a Hawaii corporation, whose sole activity is the reinsurance of mortgage insurance policies that is operated in runoff mode.

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About Washington Mutual Inc.

As early as late 2006, WaMu would begin to become a victim of what would eventually become the worst recession in US history since the Great Depression of 1929.  WaMu's aggressive business strategy would begin to unfold throughout the end of 2006 and become increasingly disastrous through 2007.  As housing rates were at all time highs before the recession began, WaMu would use its considerable leverage and assets to make large amounts of loans in both subprime mortgages and subprime credit cards.  The banking division of WaMu at one point before the end of 2007 had nearly 336 stand-alone branch buildings where various types of home loans were processed and approved.  WaMu would eventually over leverage themselves due to the high number of Adjustable Rate Mortgages (ARMs).  As the US economy slowed down, the number of home loan defaults began to rise in quick succession.  This coupled with the falling home prices throughout most of the US meant that even with foreclosures and the properties back in the hands of the company, they were unable to sell them back into the market, or were not able to derive enough revenue from the sale to cover the loan that was made on them.  In the mean time, the credit card division was also seeing a surge in the number of late and non payments being made.

By September of 2008, WaMu's stock price had fallen to $2 from its previous highs of around $50 just two years earlier.  Amid strong voices from the shareholders, then company CEO Kerry Killinger was dismissed by the company board.  In the meantime, the company went looking for a buyer for part of its banking division. WaMu had been unsuccessful in finding an appropriate buy until its seizure by the FDIC.  Overnight the companies banking division  was bought by JP Morgan Chase in a secret deal brokered by the FDIC for 1.9 billion dollars. 


PURCHASE AND ASSUMPTION AGREEMENT

AMENDED PURCHASE AND ASSUMPTION AGREEMENT - Settlement Extension to September 30, 2010


A list of common acronyms: 

A/L = Assets / Liabilities

JPMC/JPIG = JP Morgan Chase 

WMILT = WMI Liquidating Trust

JD = Jamie Dimon / Jack Daniels

ESC = Escrow

LBO = Leveraged Buyout

BOD = Board of Directors

GSA = Global Settlement Agreement

DD = Due Dilligence

NOL = Net Operating Loss - Appears to be AWOL

RON'S = Runoff Notes

DS = Disclosure Statement

EC = Equity Committee

PM = Pre-Market / Private Message

EOD = End of Day

SJ = Summary Judgement

EOM = End of Message

TIA = Thanks in Advance

EOW = End of Week

THJMFW = The Honorable Judge Mary F. Walrath

SPAC = Special Purpose Acquisition Company

 M/A = Mergers & Acquisitions

GLTY = Good Luck to You

PS = Pink Sock

GLTA = Good Luck to All

PPS = Price Per Share

HOD = High of Day

BR = Brian Rosen

IMO = In My Opinion

SS = Steve Susman

 = BR WAG = Wild Ass Guess
SPAV = Special Acquisition Vehicle MOR = Monthly Operating Report
KKR = Kohlberg Kravis Roberts SIP =Strategic Investment Partner

 

Washington Mutual Inc. has reorganized to Washington Mutual Holding Inc.
WITH SHAREHOLDERS INTACT


WASHINGTON MUTUAL EMERGES FROM BANKRUPTCY ON 3/19/12
 
WMI STARTS TRADING UNDER NEW TICKER (WMIH) 3/28/12


OPENED AT .63 CLOSED AT $1.00 HOD $1.10
VOL   2,596,805


WMIH: Here's how old shares relate in value to the new shares.

1 WAMUQ = 0.03349842 WMIH
1 WAMKQ = 0.4950146 WMIH
1 WAMPQ = 19.8005825 WMIH
1 WMIH = 29.85215422 WAMUQ
1 WMIH = 2.020142436 WAMKQ
1 WMIH = 0.050503565 WAMPQ


 SEC Filings for WMIH

 
  • 1D
  • 1M
  • 2M
  • 3M
  • 6M
  • 1Y
  • 2Y
  • 3Y
  • 5Y
WMIH
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SureTrader
WMIH News: Current Report Filing (8-k) 06/10/2016 04:16:51 PM
WMIH News: Small Company Offering and Sale of Securities Without Registration (d) 06/09/2016 06:02:45 AM
WMIH News: Current Report Filing (8-k) 06/07/2016 04:03:21 PM
WMIH News: Statement of Changes in Beneficial Ownership (4) 06/03/2016 05:04:24 PM
WMIH News: Statement of Changes in Beneficial Ownership (4) 06/03/2016 05:03:34 PM
PostSubject
#442011  Sticky Note Nothing that he has posted supports the proposition mordicai 12/10/15 07:20:26 AM
#441970  Sticky Note ~ The WMIH-Corp / WMIIC Connection' Supporting Documents ~ AZCowboy 12/09/15 01:03:12 PM
#416464  Sticky Note KKR Preferred deal jhdf51 03/09/15 05:29:07 PM
#397110  Sticky Note WaMu Seesaws On M&A Speculation fsshon 03/24/14 04:17:07 PM
#454494   David your post are always first class...wish I rockie101 06/26/16 11:08:39 PM
#454493   Rocket 10 dmceng 06/26/16 10:51:46 PM
#454492   DING!!! DING!!! DING!!! dragoon76 06/26/16 10:47:08 PM
#454491   LOL. Are you SURE about that, LOL dragoon76 06/26/16 10:43:39 PM
#454490   I'm OK with 49,000 shares....duh rockie101 06/26/16 10:41:04 PM
#454489   You had better hope he is right, & fwh3334zeke 06/26/16 10:36:51 PM
#454488   David how many times has Green made these rockie101 06/26/16 10:08:42 PM
#454487   LG Many thanks for the update. We have waited dmceng 06/26/16 09:58:46 PM
#454486   Meant to say Preposterous choose the wrong auto JB3136 06/26/16 09:57:13 PM
#454485   I'm not exactly sure on your play on FRED8 06/26/16 09:41:24 PM
#454484   Required... probably none... NewbieWar 06/26/16 08:26:58 PM
#454483   Purpostrous JB3136 06/26/16 08:26:07 PM
#454482   Let me know we can do lunch :) Royal Dude 06/26/16 08:25:00 PM
#454481   How many different Funds are there that are goodietime 06/26/16 08:19:40 PM
#454480   ***LARGE WMIH VOLUME***A MATERIAL EVENT? Large Green 06/26/16 08:17:48 PM
#454479   It makes me smile a bit that WMIH NewbieWar 06/26/16 08:16:57 PM
#454478   20 million shares is a ~10% ownership... NewbieWar 06/26/16 08:11:20 PM
#454477   I like boston. UpTickMeASAP 06/26/16 07:13:57 PM
#454476   It will probebly start to trend more in JB3136 06/26/16 07:12:00 PM
#454475   But I do believe you will do your Royal Dude 06/26/16 07:01:32 PM
#454474   Exposure, yes. As for the pps, I don't know. UpTickMeASAP 06/26/16 06:55:16 PM
#454473   Not a baseball man, Wrestling is my sport. UpTickMeASAP 06/26/16 06:53:24 PM
#454472   Will the addition of WMIH to the RUSSELL fwh3334zeke 06/26/16 06:44:45 PM
#454470   You got traded. UpTickMeASAP 06/26/16 06:31:40 PM
#454469   Sure glad I am "part of your team" Royal Dude 06/26/16 06:25:35 PM
#454468   A benefit of living in reality. UpTickMeASAP 06/26/16 06:23:22 PM
#454467   Don't understand Uptick you always speak the truth ???? Royal Dude 06/26/16 06:13:45 PM
#454466   Where did I state that? It's odd UpTickMeASAP 06/26/16 06:06:29 PM
#454465   rockie101 06/26/16 06:00:21 PM
#454464   * * $WMIH Video Chart 06-24-16 * * ClayTrader 06/26/16 05:59:02 PM
#454461   32 + million be quite a gamble I dialer55 06/26/16 05:14:34 PM
#454459   Who or what are you talking about ? rockie101 06/26/16 05:02:40 PM
#454457   Really dm57 06/26/16 04:59:22 PM
#454456   rockie101 06/26/16 04:45:27 PM
#454454   I really don't expect anything...just more of the SOS. rockie101 06/26/16 04:05:16 PM
#454453   Yes unless they give us an IOU haha Royal Dude 06/26/16 03:58:36 PM
#454451   Green...Can I start spending my escrow money in rockie101 06/26/16 03:45:15 PM
#454450   JPM wasn't the worst, but their sector was sidedraft 06/26/16 03:44:17 PM
#454449   May be some convertible preferred shares exchanged?. newflow 06/26/16 03:41:24 PM
#454448   6oo point dow down is a bit MUCH rockie101 06/26/16 03:21:23 PM
#454447   They are supposed to be the ultimate company fwh3334zeke 06/26/16 03:14:33 PM
#454446   You think JPM would be up on a rockie101 06/26/16 03:04:51 PM
#454445   Would be a perfect time to sweep some NewbieWar 06/26/16 02:16:54 PM
#454444   Wouldn't it make much more sense for it JB3136 06/26/16 02:06:56 PM
#454443   My Two Cents on the 20+ million WMIH W3Research 06/26/16 01:54:18 PM
#454442   That is exactly how the "system" is set-up.... investorhub123 06/26/16 01:35:42 PM
#454441   JPM=JPM=DOWN 7% fwh3334zeke 06/26/16 01:19:05 PM
#454440   Someone took too many cookies WAMUSHAMU 06/26/16 01:18:23 PM
#454439   "Doesn't it make you wonder where did a goodietime 06/26/16 01:16:17 PM
#454438   shares or distribution of the 2.7 billion maybe PickStocks 06/26/16 12:02:22 PM
PostSubject