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Last Post: 10/24/2016 8:08:21 AM - Followers: 1515 - Board type: Free - Posts Today: 7

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. 


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.


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
Current Price
Bid Ask Day's Range
WMIH News: Amended Statement of Ownership (sc 13g/a) 10/13/2016 05:10:38 PM
WMIH News: Current Report Filing (8-k) 10/05/2016 04:17:45 PM
WMIH News: Justin Timberlake’s Aftermaster, Inc. (OTCQB: AFTM) Begins Production - Partners with ON Semiconductor (NADAQ: ON) 10/04/2016 07:00:00 AM
WMIH News: Current Report Filing (8-k) 09/09/2016 04:18:01 PM
WMIH News: Current Report Filing (8-k) 08/11/2016 04:17:32 PM
#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
#465835   What could be the reason for Tepper reducing JusticeWillWin 10/24/16 08:21:23 AM
#465834   Thank you for the detailed explanation. Makes more JusticeWillWin 10/24/16 08:08:21 AM
#465833   2221, sure I know the date, everyone should... bkshadow 10/24/16 08:05:10 AM
#465832   HOLD ON TIGHT AND DON'T LET GO!!! yes9 10/24/16 08:03:03 AM
#465831   dennyduper, that's not what was posted... bkshadow 10/24/16 07:56:07 AM
#465829   Could this be the week of total ESCROW VICTORY??? yes9 10/24/16 07:41:02 AM
#465828   Yep, according to Over 500,000 covered since fwh3334zeke 10/23/16 11:23:07 PM
#465827   Down another 0.05 looks great for some IMO REALtime64 10/23/16 10:33:23 PM
#465826   Doesn't matter. tanjazielman 10/23/16 09:02:48 PM
#465821   From WMIH's latest 10-Q. Pg. 29 ReikoBlack 10/23/16 08:04:41 PM
#465820   If they allowed LTIs tradable, the annual cost newflow 10/23/16 07:51:59 PM
#465818   WMIH doesn't dissolve WMIIC. tanjazielman 10/23/16 07:08:37 PM
#465817   Yeah, love this post too. tanjazielman 10/23/16 06:35:30 PM
#465816   Olti, me too...LOL Large Green 10/23/16 05:13:37 PM
#465815   I Felt in Love with him.Sorry Large but Olti100 10/23/16 05:09:51 PM
#465814   Thanks for that sophisticated, in depth "OPINION". It hotmeat 10/23/16 05:08:23 PM
#465813   A little billion dollar reminder . scrivenerserror 10/23/16 04:48:19 PM
#465812   Shut the front door! Bizreader 10/23/16 04:40:13 PM
#465811   Till the FDIC and JPM With WMILT dont Olti100 10/23/16 04:35:03 PM
#465810   WMIH= WMIH= 160 HEDGE FUNDS!! THEY control, you fwh3334zeke 10/23/16 04:10:27 PM
#465809   Let me review....NO PAY...the end is near.....NO MONEY. rockie101 10/23/16 04:04:01 PM
#465808   Question to bkshadow can you give us a 2221 10/23/16 03:58:27 PM
#465807   ***Exciting Times*** Let Us Review*** So, So Much Large Green 10/23/16 03:39:28 PM
#465806   ARE the 160 HEDGE FUNDS FANTASY?? NO I fwh3334zeke 10/23/16 03:21:28 PM
#465805   After WMIH dissolves WMIIC, with no money for UpTickMeASAP 10/23/16 03:18:07 PM
#465803   Now your saying no money for escrows. What dennyduper 10/23/16 03:01:09 PM
#465802   WMIH=I think it is important for everyone to fwh3334zeke 10/23/16 02:58:17 PM
#465800   Why? Why do you think "it" is unfortunate? Bizreader 10/23/16 02:39:08 PM
#465795   You are mistaken simply because something is happening Bizreader 10/23/16 02:16:30 PM
#465794   When WMIH "Dissolves" WMIIC, with no $ for escrows... bkshadow 10/23/16 02:14:44 PM
#465793   Stock market investing is done on much less Bizreader 10/23/16 02:09:17 PM
#465790   Mr. Simpson72 - Yes I concur! CBA09 10/23/16 01:46:36 PM
#465789   Isn't it great having the hope of ESCROW payouts!!! yes9 10/23/16 01:26:02 PM
#465786   Monday the 31st would be alright budhenryusa 10/23/16 12:10:32 PM
#465783   CBA09: Thanks for your encouragement! Its good the shareholders Mr_Simpson72 10/23/16 11:35:08 AM
#465781   Signs of Goods Things will come! CBA09 10/23/16 10:32:52 AM
#465779   Time to pick up those discounted shares of mypenneys 10/23/16 09:57:11 AM
#465777   Friday the 28th.will be just another day in rockie101 10/23/16 09:32:17 AM
#465774   **The WaMu Case**The "Beginning of the End Will Large Green 10/23/16 08:40:48 AM
#465773   ***The Word DISSOLVE Used by WMIH Tells Us Large Green 10/23/16 08:34:43 AM
#465772   ***Constant Proof Wanted***What Caused Piers Selloff in year Large Green 10/23/16 08:30:07 AM
#465770   vodkadejour, that's great, so let's take... bkshadow 10/23/16 08:12:15 AM
#465769   We will be justified!!! yes9 10/23/16 07:15:56 AM
#465768   Yesssssss!!!!! I believe WMILT should report Friday October Mr_Simpson72 10/23/16 05:54:53 AM
#465767   Great morning, time is winding down to BIG yes9 10/23/16 05:44:23 AM
#465766   Fantasy is going to make us and hedge yes9 10/22/16 07:09:42 PM
#465756   Olti100, the $52M administrative account is correct... bkshadow 10/22/16 01:08:18 PM
#465754   one of many bad failures not buying and tzebedee 10/22/16 11:33:58 AM
#465752   Escrows====Are you sure it is, would you stake fwh3334zeke 10/22/16 10:39:58 AM
#465749  Restored THats it.Thats YOUR OPINION and nothing less than that Olti100 10/22/16 08:13:39 AM