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Last Post: 12/8/2016 2:56:12 AM - Followers: 1531 - Board type: Free - Posts Today: 5

WMI Holdings Corp and WMI Liquidating Trust iHub Message Board   

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. 


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: Current Report Filing (8-k) 12/06/2016 04:16:49 PM
WMIH News: Current Report Filing (8-k) 11/23/2016 04:18:37 PM
WMIH News: Current Report Filing (8-k) 11/04/2016 04:29:04 PM
WMIH News: Quarterly Report (10-q) 11/04/2016 04:17:33 PM
WMIH News: Amended Statement of Ownership (sc 13g/a) 10/13/2016 05:10:38 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
#468494   I don't 'make chit up' nranger 12/08/16 02:56:12 AM
#468493   Possible WMIH "value_for_share" event utilizing off-balance MBS trusts sometimes_right 12/08/16 01:30:01 AM
#468492   imo, they're locked up via escrow. That imo tzebedee 12/08/16 12:49:02 AM
#468491   BBAN, what do you make of this deush tzebedee 12/08/16 12:42:35 AM
#468490   Do Hedge Funds LOVE WMIH Corp? (Insider Monkey) Mr_Simpson72 12/08/16 12:41:42 AM
#468489   " NOLs @ 15%". Only thing that matters. katekir1234 12/07/16 11:51:02 PM
#468488   it's obviously pump and dump Zalviny 12/07/16 11:09:17 PM
#468487   NOT Pump.&.Dump COMPLETE Lack of "FLUFF" PRs...Most likely sometimes_right 12/07/16 11:07:56 PM
#468486   WHAT NEWLY BOUGHT SHARES, they can wait till BBANBOB 12/07/16 10:56:54 PM
#468484   What THEORY? All I have seen is half BBANBOB 12/07/16 10:52:07 PM
#468483   News coming soon in the next minutes hours 2221 12/07/16 10:45:03 PM
#468482   If the PPS didn't have to be as nranger 12/07/16 10:29:38 PM
#468481   Too bad that hasn't help shareholders much with JB3136 12/07/16 10:15:23 PM
#468480   Not all bad, WMIH MADE 13 cents per fwh3334zeke 12/07/16 09:48:55 PM
#468479   $14,000,000,000 Royal Dude 12/07/16 09:43:48 PM
#468476   0.70 is too expensive. why pay for worthless thing? Zalviny 12/07/16 08:03:39 PM
#468475   It's pretty crazy how poor this has been JB3136 12/07/16 07:55:18 PM
#468472   Yet another new all high time JB3136 12/07/16 07:49:53 PM
#468471   And so another theory bites the dust JB3136 12/07/16 07:47:38 PM
#468470   THERE HAVE BEEN NO FILINGS or 8K's they BBANBOB 12/07/16 07:08:15 PM
#468469   I feel the same however it's that nagging jhdf51 12/07/16 06:24:38 PM
#468467   When they exercise their warrants yes,but imho by BBANBOB 12/07/16 06:24:02 PM
#468466  Restored pennies = super posts muyuan51 12/07/16 05:40:21 PM
#468462   That would be very nice, we could stop JB3136 12/07/16 05:02:31 PM
#468461   And tomorrow will be another day of just garyhalvo 12/07/16 04:59:03 PM
#468460   ah ok that confused me, I was answering JB3136 12/07/16 04:57:30 PM
#468458   it sure fluctuated shareholder value though didn't it? JB3136 12/07/16 04:53:18 PM
#468457   It would be a good idea to read UpTickMeASAP 12/07/16 04:52:03 PM
#468456   Huh? State? (I wish Trump won Governorship Jestiron 12/07/16 04:51:27 PM
#468453   What's your guess? BigBang 12/07/16 04:41:22 PM
#468452   What is the next hopeful possibility that won't happen? JB3136 12/07/16 04:40:25 PM
#468451   I'm still holding but is that the right katekir1234 12/07/16 04:40:05 PM
#468450   Santa found an Another article Royal Dude 12/07/16 04:39:13 PM
#468448   Don't let Santa Clause fool ya. He also Royal Dude 12/07/16 04:12:20 PM
#468447   So is WMIH still worth holding? JB3136 12/07/16 04:09:32 PM
#468446   PPS decline comes from Trump who is gonna katekir1234 12/07/16 04:07:43 PM
#468445   Not a killing?...exercise at 1.32 and sell at es1 12/07/16 03:55:11 PM
#468444   yes but 7% Donotunderstand 12/07/16 03:45:35 PM
#468443   that would be encouraging - yet the inflow Donotunderstand 12/07/16 03:42:43 PM
#468442   Hedge funds own WMIH not the escrows LG Donotunderstand 12/07/16 03:40:40 PM
#468441   yes although in context equity did get something Donotunderstand 12/07/16 03:38:53 PM
#468440   "They have the right(!) to purchase 30.7 million goodietime 12/07/16 03:38:27 PM
#468439   LOL, good one! JB3136 12/07/16 01:57:04 PM
#468437   if the warrants were exercised wouldn't there be JB3136 12/07/16 01:52:44 PM
#468435   Average Shares Outstanding investicator 12/07/16 12:13:28 PM
#468434   I'm pretty sure the BOD has a standing djcat 12/07/16 11:36:49 AM
#468432   Ok thanks, I understand now. footballref-8541 12/07/16 11:07:11 AM
#468431   I do not understand your question. KKR HAS JusticeWillWin 12/07/16 10:58:54 AM
#468430   All sources are showing me 206 million shares ValueActivist 12/07/16 10:57:39 AM
#468429   Justice, I understand that. But do they still footballref-8541 12/07/16 10:55:07 AM