SureTrader
Home > Boards > US Listed > Insurance >

WMIH Corp. (WMIH)

WMIH RSS Feed
Add WMIH Price Alert      Hide Sticky   Hide Intro
Moderator: Gmenfan, Evintos, jhdf51, WithCatz, GO4AWILDRIDE, pm1012244448
Search This Board:
Last Post: 8/27/2016 12:00:36 AM - Followers: 1511 - Board type: Free - Posts Today: 1

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. 


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
Current Price
Volume:
Bid Ask Day's Range
SureTrader
WMIH News: Current Report Filing (8-k) 08/11/2016 04:17:32 PM
WMIH News: Quarterly Report (10-q) 08/05/2016 04:20:52 PM
WMIH News: Current Report Filing (8-k) 07/11/2016 04:11:47 PM
WMIH News: WMIH Corp. Joins Russell 2000® Index 06/28/2016 08:00:00 AM
WMIH News: Current Report Filing (8-k) 06/10/2016 04:16:51 PM
PostSubject
#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
#460259   10 years and then an extension for another rockie101 08/26/16 11:53:07 PM
#460258   You fail to realize, time isn't the determining elephantstomp 08/26/16 11:38:33 PM
#460257   What is it going to take to show rockie101 08/26/16 11:00:13 PM
#460255   Footnote 39, keep on trying UncleBo 08/26/16 10:46:05 PM
#460254   I guess that is the reason price is fwh3334zeke 08/26/16 09:34:23 PM
#460252   WMIH Rank Among The 5 Most Popular Micro-Cap Large Green 08/26/16 09:09:00 PM
#460251   Steve Susman, his firm, Susman Godfrey... bkshadow 08/26/16 09:03:27 PM
#460249   Already a winner, been enjoying for the last Royal Dude 08/26/16 08:47:40 PM
#460248   All what stock they are giving escrows? The UpTickMeASAP 08/26/16 08:43:20 PM
#460247   Remember this word, colorable. And don't forget this garyhalvo 08/26/16 08:05:51 PM
#460246   PROOF from a JPM document*** that PROVES there Large Green 08/26/16 07:43:04 PM
#460245   screw it....!!!! fredmiller1999 08/26/16 07:41:51 PM
#460244   Dilution from all that stock they will be Royal Dude 08/26/16 07:35:18 PM
#460243   ***Delaware Bankruptcy = Zeroing Equity = Bring Assets Large Green 08/26/16 07:20:59 PM
#460242   Still haven't explained why A and M are dragoon76 08/26/16 07:15:16 PM
#460241   To da moon, Alice !! dragoon76 08/26/16 07:14:12 PM
#460238   & the 151 BILLION OFF BALANCE at FDIC-R, fwh3334zeke 08/26/16 06:59:58 PM
#460237   That's awesome! Now on top of WMIH shares, UpTickMeASAP 08/26/16 06:36:01 PM
#460236   Not jealous, $7++ for P's fair and reasonable... bkshadow 08/26/16 06:34:09 PM
#460234   No, here you will find what escrows get... bkshadow 08/26/16 06:28:51 PM
#460233   So are us escrow holders looking for a wamuvoodoo 08/26/16 06:25:48 PM
#460232   I don't understand? How would I get slaughtered UpTickMeASAP 08/26/16 06:02:48 PM
#460231   https://www.sec.gov/Archives/edgar/data/19617/000119312516529435/d171874ds3 cura asada 08/26/16 05:54:27 PM
#460230   Enjoy! I hope it's all it's been dreamed UpTickMeASAP 08/26/16 05:52:27 PM
#460229   Good move! Feels good to be up a UpTickMeASAP 08/26/16 05:50:00 PM
#460228   Look at it this way, you won't have garyhalvo 08/26/16 05:47:15 PM
#460227   Yea! To the moon, and beyond! :-D :-D UpTickMeASAP 08/26/16 05:46:52 PM
#460226   Im so glad I loaded up the boat fresh-start 08/26/16 05:45:24 PM
#460225   Don't you worry you have the option to Royal Dude 08/26/16 05:40:24 PM
#460224   Only one way to go from here to fresh-start 08/26/16 05:39:48 PM
#460223   IT also Sucks to have NOT RELEASED!EOM fwh3334zeke 08/26/16 05:35:44 PM
#460222   True. I wish I could have gotten slaughtered UpTickMeASAP 08/26/16 05:27:48 PM
#460221   Yes, you're correct dragoon76 08/26/16 05:22:13 PM
#460217   NICE!!!!!!!!! yes9 08/26/16 05:06:41 PM
#460216   Yes9 - Assets Retained CBA09 08/26/16 05:01:54 PM
#460215   WMIH :-D UpTickMeASAP 08/26/16 05:01:12 PM
#460214   Now if we only understood why they are footballref-8541 08/26/16 04:58:30 PM
#460212   $173,638,778,550 cura asada 08/26/16 04:45:48 PM
#460211   I'm so relieved to hear that I am Bobbee 08/26/16 04:45:41 PM
#460210   Oh yea, you're right! Im convinced now! Why UpTickMeASAP 08/26/16 04:42:26 PM
#460209   I like the fiction when the FDIC states yes9 08/26/16 04:40:46 PM
#460208   BBANBOB, do not worry, no disappearance... bkshadow 08/26/16 04:37:04 PM
#460207   HEY wamugold, I imagine when Kaye Ballard was fresh-start 08/26/16 04:12:48 PM
#460206   BBANBOB, do not worry if the link does Large Green 08/26/16 03:53:25 PM
#460205   BBANBOB, support for "not allowed access" to... bkshadow 08/26/16 03:48:12 PM
#460204   What about the living lies article. fredmiller1999 08/26/16 03:47:22 PM
#460203   BBANBOB, it appears a 404 dead link... bkshadow 08/26/16 03:46:10 PM
#460202   REALITY VS. FICTION BREAKDOWN wamugold 08/26/16 03:45:01 PM
#460201   65 billion years of ESCROW donuts! yes9 08/26/16 03:41:46 PM
#460196   I like the, ASSETS are retained and they yes9 08/26/16 02:36:35 PM
PostSubject