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WMIH Corp. (WMIH)

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Last Post: 5/5/2016 5:42:59 PM - Followers: 1496 - Board type: Free - Posts Today: 55

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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WMIH News: Additional Proxy Soliciting Materials (definitive) (defa14a) 04/19/2016 04:15:43 PM
WMIH News: Proxy Statement (definitive) (def 14a) 04/19/2016 04:11:50 PM
WMIH News: Current Report Filing (8-k) 04/11/2016 04:13:18 PM
WMIH News: Current Report Filing (8-k) 03/11/2016 04:25:55 PM
WMIH News: Statement of Ownership (sc 13g) 02/12/2016 04:44:19 PM
PostSubject
#446849  Sticky Note Refer to http://ihwiki.advfn.com/index.php?title=Handbook#Deletion_of_Posts Handbook[ Evintos 02/27/16 01:00:55 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
#450595   Sorry, wrong poster. 99% of my posts were hotmeat 05/05/16 05:42:59 PM
#450594   Petition to WMIH Corp BOD: 428 shareholders have Mr_Simpson72 05/05/16 04:59:55 PM
#450593   July 1st will be interesting on this board johnydollar 05/05/16 04:16:30 PM
#450592   Good afternoon Rockie!!! fwh3334zeke 05/05/16 04:16:18 PM
#450591   Here we go again with another theory....come and rockie101 05/05/16 04:07:45 PM
#450590   LOL,but trying to do something about it is wamugold 05/05/16 04:04:31 PM
#450589   LG, I doubt this is "it". Boris the Spider 05/05/16 03:59:34 PM
#450588   or another date to come and go that JB3136 05/05/16 03:37:17 PM
#450587   Boris, remember WMIH has incorporated is Delaware officially Large Green 05/05/16 03:34:24 PM
#450586   Looks like another false rumor to me. Boris the Spider 05/05/16 03:29:41 PM
#450585   M&A Great Western and HF Financial on May Boris the Spider 05/05/16 03:12:07 PM
#450584   "even if it does not happen they still nranger 05/05/16 03:05:53 PM
#450582   If wanted too I would I would have fwh3334zeke 05/05/16 02:45:49 PM
#450579   Do you not realize that a petition is PickStocks 05/05/16 02:38:08 PM
#450576   Weren't you a proponent of something happening "very investorhub123 05/05/16 01:52:45 PM
#450575   It is the real deal....I have signed the investorhub123 05/05/16 01:49:14 PM
#450574   "So the M+A must happen" only for one PickStocks 05/05/16 01:03:06 PM
#450573   Yes, lots of $$ to be made on hotmeat 05/05/16 12:34:32 PM
#450571   LONG-ANTICIPATED GOOD NEWS about M&A must be CLOSE sometimes_right 05/05/16 12:24:38 PM
#450570   They will profit on both sides ie when hotmeat 05/05/16 12:24:32 PM
#450569   Is this jesus meija thing a hoax or jckofalltrds 05/05/16 12:23:46 PM
#450568   "The M+A will definitely happen, that's a given, nranger 05/05/16 11:51:05 AM
#450567   That would be interesting..... PickStocks 05/05/16 11:45:40 AM
#450566   Wow, trying to envision that scenario. A run up footballref-8541 05/05/16 11:45:28 AM
#450565   The M+A will definitely happen, that's a given, hotmeat 05/05/16 11:38:00 AM
#450564   Nate (he did NOT release ) as far 2221 05/05/16 11:37:26 AM
#450559   We need nate to step up.he had a wamuvoodoo 05/05/16 10:46:49 AM
#450558   ....and the last buy was for 1 share. nranger 05/05/16 10:44:14 AM
#450555   Something must be brewing we are up a rockie101 05/05/16 10:16:20 AM
#450554   The BoD are panicking Ilene is coming to PickStocks 05/05/16 10:04:18 AM
#450548   Thank you for your prompt and enlightening datum ! muyuan51 05/05/16 07:28:41 AM
#450546   Thanks Withcatz for your support! Mr_Simpson72 05/05/16 06:59:21 AM
#450545   1) Yes WithCatz 05/05/16 06:52:12 AM
#450544   WithCatz, spoken like an elderly statesman, thanx a lot muyuan51 05/05/16 05:07:54 AM
#450542   Sounds like they are getting bonuses for attendance.imo johnydollar 05/05/16 03:02:33 AM
#450541   Petition to WMIH Corp BOD: 345 shareholders have Mr_Simpson72 05/05/16 12:45:46 AM
#450539   Don't think they will ever get good and rockie101 05/04/16 10:12:49 PM
#450538   Absolutely 100% correct. This will happen when "they" hotmeat 05/04/16 09:56:58 PM
#450537   Link https://www.change.org/p/everyone-in-the-world-including-but-not-limited-t Rickaroo1 05/04/16 09:32:27 PM
#450536   I get everyone's anxiety here, I have anxiety phinhead1972 05/04/16 09:21:34 PM
#450532   My opinion is that you are making a WithCatz 05/04/16 07:14:53 PM
#450526   Yes, link please for where to give to FUNYMUNY 05/04/16 05:51:35 PM
#450525   Can you provide a link please ? Maniek 05/04/16 05:38:28 PM
#450521   Now Boris just how do you know all rockie101 05/04/16 05:05:05 PM
#450518   Ilene, what a great representative! creyno58 05/04/16 04:57:59 PM
#450516   If there is NOT a positive development before Boris the Spider 05/04/16 04:50:26 PM
#450515   "Soon" is a word that is banned dogkatcher 05/04/16 04:45:56 PM
#450514   Hopefully, you will get some answers... bkshadow 05/04/16 04:44:05 PM
#450513   Ilene at the meeting, that's the best news wamugold 05/04/16 04:37:09 PM
#450512   AaronTrainer you have a good eye! Thats why Mr_Simpson72 05/04/16 04:33:32 PM
PostSubject