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WMI Holdings Corp. (WMIH)

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Last Post: 10/23/2014 10:11:54 PM - Followers: 1440 - Board type: Free - Posts Today: 0


                                       FORMALLY WASHINGTON MUTUAL INC.

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.




  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




                                                                       THE NEW COMPANY

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



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



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

Date Form Title
Jun 10, 2014 8-K Regulation FD Disclosure, Financial Statements and Exhibits
Summary - Full Filing at EDGAR Online(41kb)
Jun 3, 2014 8-K Other Events, Financial Statements and Exhibits
Summary - Full Filing at EDGAR Online(17kb)
May 21, 2014 8-K Other Events, Financial Statements and Exhibits
Summary - Full Filing at EDGAR Online(21kb)
May 12, 2014 8-K Regulation FD Disclosure, Financial Statements and Exhibits
Summary - Full Filing at EDGAR Online(41kb)
May 9, 2014 10-Q Quarterly Report
Summary - Full Filing at EDGAR Online(2mb)
Apr 10, 2014 8-K Regulation FD Disclosure, Financial Statements and Exhibits
Summary - Full Filing at EDGAR Online(41kb)
Apr 7, 2014 8-K Entry into a Material Definitive Agreement, Termination of a Material Definiti
Summary - Full Filing at EDGAR Online(57kb)
Mar 14, 2014 8-K Other Events
Summary - Full Filing at EDGAR Online(14kb)
Mar 14, 2014 10-K Annual Report
Summary - Full Filing at EDGAR Online(4mb)
Mar 10, 2014 8-K Regulation FD Disclosure, Financial Statements and Exhibits
Summary - Full Filing at EDGAR Online(42kb)
Feb 13, 2014 8-K Change in Directors or Principal Officers, Financial Statements and Exhibits
Summary - Full Filing at EDGAR Online(20kb)
Feb 10, 2014 8-K Regulation FD Disclosure, Financial Statements and Exhibits
Summary - Full Filing at EDGAR Online(41kb)
Jan 31, 2014 8-K Entry into a Material Definitive Agreement, Unregistered Sale of Equity Securi
Summary - Full Filing at EDGAR Online(2mb)
Jan 10, 2014 8-K Regulation FD Disclosure, Financial Statements and Exhibits
Summary - Full Filing at EDGAR Online(40kb)


 WMIH 8-K Filed 4/16/12

WMIH Recent News





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  • 6M
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Current Price
Bid Ask Day's Range
WMIH News: Current Report Filing (8-k) 10/09/2014 05:00:57 PM
WMIH News: Current Report Filing (8-k) 09/10/2014 05:01:41 PM
WMIH News: Current Report Filing (8-k) 08/08/2014 05:02:00 PM
WMIH News: Quarterly Report (10-q) 08/08/2014 04:06:32 PM
#406266  Sticky Note The CHARADE and CONSEQUENCES - Updated bkshadow 10/07/14 07:56:46 AM
#404493  Sticky Note Companies with "Hidden" Assets on their Balance Sheets ... W3Research 09/09/14 11:50:36 PM
#402890  Sticky Note The Plan, The Trade Off and DOJ Settlement deekshant 08/06/14 01:39:05 PM
#400237  Sticky Note Uncle Bo's take away from the shareholder meeting BlueeFoxx 06/08/14 08:54:02 PM
#397110  Sticky Note WaMu Seesaws On M&A Speculation BlueeFoxx 03/24/14 04:17:07 PM
#407435   scrivener's error ;) WAMUSHAMU 10/23/14 10:11:54 PM
#407434   15:09:48 2.23 1000 OTO 15:07:55 2.21 500 OTO 15:04:50 4.20 0 OTO t1215s 10/23/14 09:55:53 PM
#407433   To me there is no way a law rockie101 10/23/14 09:06:47 PM
#407431   dnu My cash was sent directly into my Scottrade GO4AWILDRIDE 10/23/14 07:23:45 PM
#407430   When Rosencrap was being challenge on his fees PickStocks 10/23/14 07:19:10 PM
#407429   Of course there is hidden assets and with PickStocks 10/23/14 07:12:38 PM
#407428   Blue I agree with pick for a simple wamugold 10/23/14 05:39:15 PM
#407427   Ditto UncleBo 10/23/14 04:48:58 PM
#407426   Fidelity just told me that the 4.20 trades ItsMyOption 10/23/14 03:51:02 PM
#407425   Some folks just "tap their keys" without thought sometimes_right 10/23/14 03:49:47 PM
#407424   I sold 10K shares at 4.20 Crazy! Boris the Spider 10/23/14 03:48:45 PM
#407423   Agreed. It's all just for show. A charade. tanjazielman 10/23/14 03:40:46 PM
#407422   I can confirm I just sold 2000 shares ItsMyOption 10/23/14 03:15:07 PM
#407421   Sounds like someone was also able to sell beardown027 10/23/14 03:14:42 PM
#407420   Yeah maybe it's trying to tell me to JB3136 10/23/14 03:12:42 PM
#407419   Well someone bought 42500 for 4.20 according to AUSretired 10/23/14 03:12:41 PM
#407418   Hint of things to come? Boris the Spider 10/23/14 03:10:29 PM
#407417   as of 3:06 right now, Etrade showing the JB3136 10/23/14 03:08:59 PM
#407416   $4.20 a share now! WTF??? Boris the Spider 10/23/14 03:06:59 PM
#407415   Yes i agree… jhdf51 10/23/14 02:53:29 PM
#407414   Pick. You better be careful with your charges. BlueeFoxx 10/23/14 02:50:23 PM
#407413   Donot Their like an old war wound, every time t1215s 10/23/14 12:30:32 PM
#407412   Good reading info that shows how rushed and hotmeat 10/23/14 12:09:57 PM
#407411   If even a small part of those loans/value hotmeat 10/23/14 11:57:25 AM
#407410   It's a ploy companies use to legally hide hotmeat 10/23/14 11:43:18 AM
#407409   The first pocket - in that construct is BBANBOB 10/23/14 11:38:18 AM
#407408   How can you take a tax loss on it? beardown027 10/23/14 11:37:45 AM
#407407   I have a GM equity escrow in one Donotunderstand 10/23/14 11:33:23 AM
#407406   huh? The LT is required to follow the PR Donotunderstand 10/23/14 11:31:09 AM
#407405   Depends on your brokerage Donotunderstand 10/23/14 11:29:47 AM
#407404   Not possible as described Donotunderstand 10/23/14 11:27:41 AM
#407403   no that 500 million does not yet exist - Donotunderstand 10/23/14 11:22:22 AM
#407402   What does that mean Donotunderstand 10/23/14 11:20:48 AM
#407401   So as norm we wait and we'll find BBANBOB 10/23/14 11:17:15 AM
#407400   oops MY BAD Donotunderstand 10/23/14 11:15:56 AM
#407399   If I have to bet - I bet Donotunderstand 10/23/14 11:14:14 AM
#407398   I like to think so pard ,but I BBANBOB 10/23/14 11:12:54 AM
#407397   I really don't know if the Escrows expire, JusticeWillWin 10/23/14 11:10:10 AM
#407395   Bob, two things and that is there cannot Large Green 10/23/14 11:08:28 AM
#407394   If they expire an agreement doesn't really matter BBANBOB 10/23/14 11:02:09 AM
#407393 Civil War General 10/23/14 10:54:32 AM
#407391   I say due to the hundreds of billions Large Green 10/23/14 10:50:58 AM
#407390   As long as the MM's put out these nranger 10/23/14 10:48:18 AM
#407389   Bob, I do not understand how you can Large Green 10/23/14 10:39:09 AM
#407386   Also one last question would it be one mypenneys 10/23/14 10:34:51 AM
#407385   Thanks L.G. mypenneys 10/23/14 10:30:42 AM
#407384   IF CORRECT you may love your escrows but BBANBOB 10/23/14 10:28:51 AM
#407383   I thought we would always have the escrows rockie101 10/23/14 10:26:36 AM
#407382   I can't in all honesty remember or tell BBANBOB 10/23/14 10:24:34 AM