Fidelity SPDR Advertisement
Home > Boards > US OTC > Banking and Finance >

WMI Holdings Corp. (WMIH)

Add WMIH Price Alert      Hide Sticky   Hide Intro
Moderator: No Moderator W3Research, Gmenfan, fixedops, jhdf51, WithCatz, GO4AWILDRIDE
Search This Board:
Last Post: 9/18/2014 12:02:54 AM - Followers: 1438 - Board type: Free - Posts Today: 1


                                       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





  • 1D
  • 1M
  • 2M
  • 3M
  • 6M
  • 1Y
  • 2Y
  • 3Y
  • 5Y
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
#404906   D90, Bingo! How on God's Green Earth do W3Research 09/18/14 12:02:54 AM
#404905   Long beach was only 3% of that toxic wamuvoodoo 09/17/14 11:52:12 PM
#404904   The Judge wasn't as naive as a lot investorhub123 09/17/14 10:49:56 PM
#404903   No our claim is not matured until the Desperado90 09/17/14 10:39:46 PM
#404902   Per 9/24/2008 letter from WAMU's CEO Fishman and Nightdaytrader 09/17/14 09:30:08 PM
#404901   Point is the P&AA isn't about us... bkshadow 09/17/14 09:08:29 PM
#404900   You are not "funny." bkshadow 09/17/14 09:00:37 PM
#404899   Walrath did not want to get in the hardasset 09/17/14 08:47:03 PM
#404898   Point is that none of us are in Large Green 09/17/14 08:47:01 PM
#404897   I have always discussed the official closure of Large Green 09/17/14 08:29:48 PM
#404896   Not making fun of Green but if 9/26/14 rockie101 09/17/14 08:23:31 PM
#404895   So you are still holding to this date? jhdf51 09/17/14 08:15:53 PM
#404894   Imo ot's the otc and they can apparently,so tzebedee 09/17/14 07:50:12 PM
#404893   Many investors have shown there is a bankruptcy Large Green 09/17/14 07:22:23 PM
#404892   Large Green, David West 09/17/14 07:01:13 PM
#404891   I can only think it's some form of nranger 09/17/14 06:52:58 PM
#404890   David, I will agree to disagree but what Large Green 09/17/14 06:43:41 PM
#404889   That's rather hard when what's being presented is WithCatz 09/17/14 06:41:34 PM
#404888   Large Green, David West 09/17/14 06:26:36 PM
#404887   You are too funny. You should at least Large Green 09/17/14 06:25:28 PM
#404886   Zero Support, Substantiation or Evidence... bkshadow 09/17/14 06:17:37 PM
#404885   David, I can agree with everything you said Large Green 09/17/14 06:09:24 PM
#404884   LG, that's ok, if your right in your carguy64 09/17/14 06:07:41 PM
#404883   Nranger, you are supposed tell me the answer tzebedee 09/17/14 06:04:29 PM
#404882   wamu, i remember that day also, i listened carguy64 09/17/14 06:02:51 PM
#404881   Large Green, David West 09/17/14 05:53:49 PM
#404880   Only 8 more days until the next JB3136 09/17/14 05:48:08 PM
#404879   LG, If we get anywhere close to face DRgreek 09/17/14 05:37:54 PM
#404878   carguy, when I responded it was suppose to Large Green 09/17/14 04:50:05 PM
#404877   Totally agree...those numbers a pipe dream. jhdf51 09/17/14 03:41:29 PM
#404876   carguy ,What about the day when the crooks wamuvoodoo 09/17/14 03:34:29 PM
#404875   Catgut, IMHO, an easy explanation. Walrath was never Large Green 09/17/14 03:28:23 PM
#404874   LG, The one thing that bothers me a carguy64 09/17/14 03:07:41 PM
#404873   Somehow I have a gut feeling that these vorhee 09/17/14 02:54:11 PM
#404872   Kent, to your point, the Perps were caught Large Green 09/17/14 02:53:19 PM
#404871   Many keep forgetting AAOC, our partners, have been KentS 09/17/14 02:44:37 PM
#404870   If they said they are going to pay vorhee 09/17/14 02:36:35 PM
#404869   ___________________________________ 939ESC992 1 P $15,256.32 vorhee 09/17/14 02:30:21 PM
#404868   Donot, do not let one misdirect from the Large Green 09/17/14 02:11:51 PM
#404867   The way I read LG's post is that UncleBo 09/17/14 02:06:07 PM
#404866   Actually delayed until the Apocalypse. Then no one BlueeFoxx 09/17/14 01:50:34 PM
#404865   thats the problem people are forgetting ..there is wamuvoodoo 09/17/14 01:44:22 PM
#404864   bk so if hired April Donotunderstand 09/17/14 01:27:12 PM
#404863   hm thank you Donotunderstand 09/17/14 01:19:49 PM
#404862   Cayman Trust Preferreds - I completely forgot about those Donotunderstand 09/17/14 01:13:48 PM
#404860   Blue, when is that lawsuit scheduled to begin footballref-8541 09/17/14 01:12:37 PM
#404858   Yes you are correct that those funds are BlueeFoxx 09/17/14 12:47:20 PM
#404857   Susman Period 12/2009-3/2010 WORDS Error bkshadow 09/17/14 12:39:49 PM
#404856   How does accumulation rise while PPS keeps falling? nranger 09/17/14 12:29:13 PM
#404855   Hmm volume is dead imo.. Suppress, short and tzebedee 09/17/14 12:04:41 PM