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WMI Holdings Corp. (WMIH)

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Last Post: 10/1/2014 4:11:31 PM - Followers: 1438 - Board type: Free - Posts Today: 61


                                       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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Current Price
Bid Ask Day's Range
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
WMIH News: Current Report Filing (8-k) 07/10/2014 05:01:17 PM
WMIH News: Small Company Offering and Sale of Securities Without Registration (d) 06/16/2014 05:59:00 AM
#404493  Sticky Note Companies with "Hidden" Assets on their Balance Sheets ... W3Research 09/09/14 11:50:36 PM
#403827  Sticky Note SUMMARIZING the CHARADE and CONSEQUENCES bkshadow 08/28/14 07:57:37 AM
#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
#405861   you'd think, but nope not with that one JB3136 10/01/14 04:11:31 PM
#405860   If you make enough predictions one of them BigBang 10/01/14 04:09:49 PM
#405859   pm, my guess is the trigger date for Large Green 10/01/14 03:57:29 PM
#405858   We should all be friendly, and LOAD THE UpTickMeASAP 10/01/14 03:55:01 PM
#405857   I don't think that rag has ever been JB3136 10/01/14 03:51:06 PM
#405856   LOL It is not only common, it Jestiron 10/01/14 03:49:15 PM
#405855   Latest Projections: Cross The I's And Dot The UncleBo 10/01/14 03:46:04 PM
#405854   Tell WillySham an 8K needs to be filed Major_Bankz 10/01/14 03:40:25 PM
#405853   LG,When do you think we will know the pm1012244448 10/01/14 03:35:13 PM
#405852   It's pretty much going to be a big zeus_0100 10/01/14 02:52:11 PM
#405851   Perhaps its time .....but really overdue to have traderob 10/01/14 02:37:19 PM
#405850   Announcement coming keysgal 10/01/14 02:37:16 PM
#405849   These guys are looking for a stock to PickStocks 10/01/14 02:22:39 PM
#405848   Time - yeah 2030 the Nols will have PickStocks 10/01/14 02:16:20 PM
#405847   Just to make sure I understand forward looking UncleBo 10/01/14 01:49:00 PM
#405846   I am sick of reading posts saying WMIH MikeJones8 10/01/14 01:17:33 PM
#405845   Right, duh. Somehow I brain-farted when I read vodkadejour 10/01/14 01:10:19 PM
#405844   Seriously? Momentum. tzebedee 10/01/14 12:59:41 PM
#405843   Please, what is momo? vodkadejour 10/01/14 12:53:31 PM
#405842   We are buzzing, a little momo imo, tzebedee 10/01/14 12:51:16 PM
#405841   Use Twitter to make your voice heard about W3Research 10/01/14 12:49:20 PM
#405840   Hmm some good bits there.. Article or website tzebedee 10/01/14 12:46:33 PM
#405839   shiftyshoes Fair and reasonable did NOT! mean t1215s 10/01/14 12:43:58 PM
#405838   Concentrate on WMIH and not on worthless escrow wamugold 10/01/14 12:43:38 PM
#405837   This is why mediation should never have taken pm1012244448 10/01/14 12:28:30 PM
#405836   WMIH on Twitter! Make all your thoughts and W3Research 10/01/14 12:10:46 PM
#405835   SS, agree 100+%! We demand Forward Looking Guidance! ... W3Research 10/01/14 12:07:06 PM
#405834   NR, Post Of The Year posted again! ... W3Research 10/01/14 12:02:53 PM
#405833   Congrats! $WMIH UpTickMeASAP 10/01/14 11:56:31 AM
#405832   Great post! Informative A+.... Hey we need tzebedee 10/01/14 11:55:26 AM
#405831   Very good points. The reality is, if you vodkadejour 10/01/14 11:48:16 AM
#405829   well said, i must say onco 10/01/14 11:46:23 AM
#405828   Because you know it will come.. Reassure your tzebedee 10/01/14 11:45:46 AM
#405827   BIG WINNER HERE! yes9 10/01/14 11:43:05 AM
#405826   Nice post! and after the 3 year date SweetGeorgiaBrown 10/01/14 11:24:26 AM
#405825   t215, TRUE, Beasts in the Badlands... bkshadow 10/01/14 11:18:48 AM
#405824   NRANGER**********************GREAT POINTS soundincrest 10/01/14 11:18:11 AM
#405823   I am sick of reading posts saying WMIH nranger 10/01/14 11:09:59 AM
#405822   This whole WAMU story as we watch daily soundincrest 10/01/14 10:48:52 AM
#405821   So today was the latest big day, the vodkadejour 10/01/14 10:33:17 AM
#405820 JusticeWillWin 10/01/14 10:30:48 AM
#405819   penneys What I posted was a simple question and t1215s 10/01/14 10:29:39 AM
#405818   There was a "form t" buy at 8:01 fwh3334zeke 10/01/14 10:02:10 AM
#405817   "We have a little Golden Goose called WMIH BBANBOB 10/01/14 09:58:12 AM
#405815   Who can lol, kidding you are right i tzebedee 10/01/14 09:22:08 AM
#405814   I do not think you can purchase mypenneys 10/01/14 08:46:05 AM
#405812   Interesting publication about NOLs, 382 limitations, acquisition of JusticeWillWin 10/01/14 08:35:26 AM
#405811   bag, yes, I have no doubts WMIH will Large Green 10/01/14 08:35:25 AM
#405809   News imminent? That is 711.197,22$ pre-market (266,336 @ JusticeWillWin 10/01/14 08:29:00 AM
#405807   Anybody notice the pre-market 266,336 shs @ 2.67 t1215s 10/01/14 08:26:54 AM