SureTrader Advertisement Advertisement
Home > Boards > US Listed > Insurance >


Add WMIH Price Alert      Hide Sticky   Hide Intro
Moderator: No Moderator Gmenfan, fixedops, jhdf51, WithCatz, GO4AWILDRIDE, UpTickMeASAP
Search This Board:
Last Post: 11/26/2015 6:24:46 PM - Followers: 1492 - Board type: Free - Posts Today: 10

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.

Home About Us Corporate Governance Policies Directors and Officers SEC Filings Contact Us

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: Securities Registration Statement (simplified Form) (s-3/a) 11/23/2015 05:11:46 PM
WMIH News: Current Report Filing (8-k) 11/09/2015 04:21:30 PM
WMIH News: Quarterly Report (10-q) 11/06/2015 04:50:42 PM
WMIH News: Current Report Filing (8-k) 10/13/2015 05:13:08 PM
WMIH News: Current Report Filing (8-k) 10/09/2015 04:47:08 PM
#441165  Sticky Note UpTickMeASAP 11/22/15 10:34:20 AM
#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
#441421   Follow the money. Simple. Boris the Spider 11/26/15 06:24:46 PM
#441420   Good read Royal Dude 11/26/15 04:59:48 PM
#441419   Wishing all a very Happy Thanksgiving. dennyduper 11/26/15 04:26:10 PM
#441418   I think a lot of this has to fwh3334zeke 11/26/15 10:56:57 AM
#441417   Rockie, ".# 2 my account is with Etrade goodietime 11/26/15 10:11:25 AM
#441416   Happy Thanksgiving! dm57 11/26/15 09:45:07 AM
#441415   W3, yes it all sounds great but yet tzebedee 11/26/15 09:22:09 AM
#441414   I'd like to wish everyone a happy turkey day. thenurseisback 11/26/15 01:19:38 AM
#441413   There are other indications in support. Please do deekshant 11/26/15 12:15:12 AM
#441411   Would like for someone to answer 2 questions rockie101 11/25/15 11:09:57 PM
#441410   I could see that possibility. A lot of goodietime 11/25/15 10:42:24 PM
#441409   So could it be possible that they set-up investorhub123 11/25/15 10:11:52 PM
#441406   So when is the money Coming???? Royal Dude 11/25/15 07:45:13 PM
#441405   Nice find. This is a very positive SalesVP 11/25/15 07:35:30 PM
#441403   Just saw this on another Board. Good news goodietime 11/25/15 06:38:38 PM
#441402   While everyone is focusing "tunnel vision" at the hotmeat 11/25/15 05:51:32 PM
#441401   Why? Maniek 11/25/15 05:40:04 PM
#441400   KKR is done that can't make any deal REALtime64 11/25/15 05:20:16 PM
#441399   How do I buy some of those KKR fsshon 11/25/15 05:14:44 PM
#441396   You're on my team, we just don't see UpTickMeASAP 11/25/15 03:15:25 PM
#441395   fwh333, I believe the following explains this VERY WELL! Large Green 11/25/15 03:03:59 PM
#441394   PICK answer me one question, If something wasn't fwh3334zeke 11/25/15 02:53:58 PM
#441393   They tried, they really tried, lets give them PickStocks 11/25/15 02:46:23 PM
#441390   Court Docket: #12140 cura asada 11/25/15 02:36:39 PM
#441389   I also said By Nov 15, & they fwh3334zeke 11/25/15 02:26:02 PM
#441388   What happened this month? Did I miss nhtrader 11/25/15 02:23:57 PM
#441387   really....not a clue do yaaah...Gooo WMIH !!!!! diamondguru-one 11/25/15 02:07:50 PM
#441386   All in all I'd have to say right JB3136 11/25/15 01:55:03 PM
#441385   Boris, IMO.. Your onto something here. drrugby 11/25/15 01:51:51 PM
#441384   I said July, Sept, and Nov only. Boris the Spider 11/25/15 01:40:57 PM
#441383   Does someone say that for every month going JB3136 11/25/15 01:35:48 PM
#441382   Did not say that, Have a great Thanksgiving Royal Dude 11/25/15 12:32:19 PM
#441381   You mean Carl Icahn? He told you? UpTickMeASAP 11/25/15 12:25:25 PM
#441380   Ask Carl Iachon??? Go WMIH GLTA Royal Dude 11/25/15 12:22:35 PM
#441375   I believe this was put together in May Royal Dude 11/25/15 12:02:07 PM
#441374   Royal Dude dmceng 11/25/15 11:56:17 AM
#441373   Here here! UpTickMeASAP 11/25/15 11:56:09 AM
#441372   lol the_pyramid 11/25/15 11:53:21 AM
#441371   Happy and safe holiday season for all our gg4 11/25/15 11:52:29 AM
#441370   KKR GE and DB and financial services are Royal Dude 11/25/15 11:52:12 AM
#441369   I don't see $WMIH mentioned. UpTickMeASAP 11/25/15 11:48:42 AM
#441368   This will be the M@A IMO Royal Dude 11/25/15 11:47:09 AM
#441367   These prices are going to look amazingly low UpTickMeASAP 11/25/15 11:45:14 AM
#441365   Not many who Own this any more the REALtime64 11/25/15 11:39:51 AM
#441364   Better than the last month or so, when fwh3334zeke 11/25/15 11:37:12 AM
#441362   Thank You!! fwh3334zeke 11/25/15 11:29:12 AM
#441361   If? REALtime64 11/25/15 11:19:49 AM
#441360   No, I specifically said the following: Boris the Spider 11/25/15 11:19:45 AM
#441359   It move 8 cents and high fives all REALtime64 11/25/15 11:17:35 AM
#441358   Watch for volume to come in. Boris the Spider 11/25/15 11:16:56 AM