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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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Wiki
WMIH News: Current Report Filing (8-k) 08/10/2015 05:03:27 PM
WMIH News: Quarterly Report (10-q) 08/07/2015 06:13:56 PM
WMIH News: Company Updates and Special Profile 07/22/2015 07:00:00 AM
WMIH News: Current Report Filing (8-k) 07/13/2015 05:02:00 PM
WMIH News: Securities Registration Statement (simplified Form) (s-3) 07/01/2015 05:10:35 PM
PostSubject
#433447  Sticky Note WMI Bankruptcy Docket and WMI POR 7 is scrivenerserror 08/23/15 05:09:10 PM
#432966  Sticky Note The RELEASED CLAIMS LANGUAGE - Parsed... bkshadow 08/19/15 07:22:42 AM
#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
#434462   Interesting read. AUSretired 09/05/15 07:14:52 AM
#434461   rockie101, I would like to thank you for all muyuan51 09/05/15 03:33:33 AM
#434460   steelheader7 09/05/15 02:27:36 AM
#434459   steelheader7 09/05/15 02:27:35 AM
#434458   It is real simple, some people here need steelheader7 09/05/15 02:26:42 AM
#434457   You keep calling it a test share disbursement. thenurseisback 09/05/15 02:09:05 AM
#434455   I don't see that… jhdf51 09/05/15 01:03:05 AM
#434454   Well, according to some experts there could be Reptile 09/05/15 12:19:25 AM
#434453   So what's the plan wait for the Econ JB3136 09/04/15 11:36:34 PM
#434452   Agree, things should move along nicely once DB investorhub123 09/04/15 11:36:02 PM
#434451   Anybody speculating/investing in distressed equity knows that there yx88hc 09/04/15 10:40:15 PM
#434450   yea about 20% of the time WAMUSHAMU 09/04/15 10:35:39 PM
#434449   People think we will win because of the rockie101 09/04/15 10:26:27 PM
#434448   fwh And you can bet that the hedge funds dmceng 09/04/15 09:47:33 PM
#434447   I think Shamu meant "patience my friend" xoom 09/04/15 09:37:51 PM
#434446   Boris, Well said! My sentiments also. dmceng 09/04/15 09:35:52 PM
#434444   I have a real job....patients my friend WAMUSHAMU 09/04/15 09:16:01 PM
#434441   Correct, it wasn't a test "per se". Boris the Spider 09/04/15 08:03:02 PM
#434439   money coming back will change a lot, off fwh3334zeke 09/04/15 07:06:44 PM
#434435   Just think about it....when you have all the rockie101 09/04/15 06:33:34 PM
#434434   Aaron...I know most everything that has gone on rockie101 09/04/15 06:21:04 PM
#434429   duper...I do have a job and I'm not rockie101 09/04/15 05:45:48 PM
#434426   I think that is all we can do fwh3334zeke 09/04/15 04:17:30 PM
#434425   Gary.....that's day dreaming. rockie101 09/04/15 03:53:28 PM
#434424   Lol, you don't think Susman already had them garyhalvo 09/04/15 03:49:15 PM
#434421   No matter who got caught.... no one is rockie101 09/04/15 03:25:19 PM
#434420   Yes we will, if we are still here. wowalters 09/04/15 02:38:04 PM
#434419   You too T. wowalters 09/04/15 02:35:32 PM
#434418   wowalters Wowwwwwwwww, Hey it's your investment and entitled t1215s 09/04/15 02:33:34 PM
#434417   LOL wowalters 09/04/15 02:30:29 PM
#434416   walters, 2017, we have to wait until then. tcr7309 09/04/15 02:27:59 PM
#434415   fwh, so I have to deal with the tcr7309 09/04/15 02:26:47 PM
#434414   based on my previous post.... fredmiller1999 09/04/15 02:26:40 PM
#434413   freddy, when I flip a bk stock I tcr7309 09/04/15 02:23:38 PM
#434412   " Rosen got caught with his hand in wowalters 09/04/15 02:19:01 PM
#434411   The trust is open until 2018, if you fwh3334zeke 09/04/15 02:12:01 PM
#434410   more assets to come, your are probably right, tcr7309 09/04/15 02:05:30 PM
#434409   This is the deal IMO Royal Dude 09/04/15 02:04:13 PM
#434408   So your implying in a settlement agreement.... fredmiller1999 09/04/15 01:39:09 PM
#434407   there you go again, the escrows were not fwh3334zeke 09/04/15 01:33:07 PM
#434406   green, they were caught, who was caught, who tcr7309 09/04/15 01:17:47 PM
#434405   It seems to be two different entities: PickStocks 09/04/15 12:26:08 PM
#434404   Is THIS Blackstone INVESTING in WMIH's former subsidiary sometimes_right 09/04/15 12:15:43 PM
#434403   I didn't post that they were getting it fwh3334zeke 09/04/15 11:40:27 AM
#434402   Maybe this is the setup:?--- Or like KKR PickStocks 09/04/15 11:26:51 AM
#434399   This stock is getting set up for REALtime64 09/04/15 11:11:07 AM
#434398   fwh, get a grip, don't be so emotional. tcr7309 09/04/15 11:08:04 AM
#434397   Yes, but its not over until the 30th, fwh3334zeke 09/04/15 10:56:54 AM
#434396   Again can't you READ???? The money is at fwh3334zeke 09/04/15 10:53:11 AM
#434395   NAG,NAG,NAG,...........THIS IS NOT OVER.What a great day this gg4 09/04/15 10:49:58 AM
PostSubject