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WMIH Corp. (WMIH)

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Last Post: 3/24/2017 3:28:28 PM - Followers: 1546 - Board type: Free - Posts Today: 32


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. 


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

 
Mar 24, 2015 Press
Release
WMI Liquidating Trust - "WMI Liquidating Trust Provides Information On Escrow CUSIPs"
http://www.prnewswire.com/news-releases/wmi-liquidating-trust-provides-information-on-escrow-cusips-300055333.html

Level 2

http://tinyurl.com/astockinvestor



Chart U.S.


http://stockcharts.com/h-sc/ui?s=WMIH&p=W&b=5&g=0&id=p13019533725


Quote Germany

http://quotes.wsj.com/DE/XMUN/07W?mod=DNH_S_cq

http://quotes.wsj.com/DE/XBER/07W





 
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WMIH
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WMIH News: Current Report Filing (8-k) 03/21/2017 12:02:00 PM
WMIH News: Current Report Filing (8-k) 03/14/2017 04:56:47 PM
WMIH News: WMIH Corp. Schedules Investor Conference Call And Webcast 03/14/2017 04:25:00 PM
WMIH News: Annual Report (10-k) 03/14/2017 04:20:18 PM
WMIH News: Current Report Filing (8-k) 03/09/2017 04:16:57 PM
PostSubject
#474690  Sticky Note Highlights of conference call March 21, 2017: Evintos 03/21/17 11:03:20 AM
#469354  Sticky Note Ok, GO4AW, here you have the best collection muyuan51 12/27/16 08:25:19 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
#475061   Valid viewpoint imo vodkadejour 03/24/17 03:28:28 PM
#475060   HAVE LOTS OF MONEY IN THE ACCT call BBANBOB 03/24/17 03:19:08 PM
#475059   CHOOSE YOUR BATTLES BBANBOB 03/24/17 03:14:27 PM
#475058   how do you shorted? Zalviny 03/24/17 03:09:45 PM
#475057   We all Know you are SHORT WMIH, fwh3334zeke 03/24/17 02:51:56 PM
#475056   A dirty trick bogus cc trick can't save REALtime64 03/24/17 02:33:27 PM
#475055   Sorry should have given this as a source :) Royal Dude 03/24/17 02:28:20 PM
#475054   Nothing different, the price goes down a few fwh3334zeke 03/24/17 02:16:26 PM
#475053   Losing the prediction battle is nothing. That's just es1 03/24/17 02:15:52 PM
#475052   Actually, years ago both he and Rocky were vodkadejour 03/24/17 01:02:57 PM
#475051   NOT reached $1.00 yet or been delisted!!!!!!!!!!!! shiftyshoes 03/24/17 12:58:17 PM
#475049   Look out below REALtime64 03/24/17 12:28:09 PM
#475048   OK so they get their 500K & give fwh3334zeke 03/24/17 12:19:13 PM
#475047   What was the $201,499,000 for "Unrealized (gain) loss Cbart 03/24/17 12:13:36 PM
#475046   They also stated on CC that they did ItsMyOption 03/24/17 12:12:27 PM
#475045   They said they didn't pay too much attention wamuqsi 03/24/17 12:04:27 PM
#475044   my only question to management would be.................... Peyton976 03/24/17 11:51:57 AM
#475043   Really??? How does $4.19/sh look anything like $0.419/sh??? hotmeat 03/24/17 11:41:09 AM
#475042   The pathetic posts' are frustrating for all of tzebedee 03/24/17 10:57:53 AM
#475041   AIG Fannie/Freddie Royal Dude 03/24/17 10:55:47 AM
#475040   It just bothers me when A number or BBANBOB 03/24/17 10:53:28 AM
#475039   Set amount in play;) tzebedee 03/24/17 10:43:01 AM
#475038   NO real-time chart today ??? Oh, because it wamuqsi 03/24/17 10:41:41 AM
#475037   DID HE SAY FOR """""""For real OR FACT BBANBOB 03/24/17 10:24:42 AM
#475036   NOPE==Says case is not RIPE yet. fwh3334zeke 03/24/17 10:17:04 AM
#475035   For real? Zalviny 03/24/17 10:07:45 AM
#475034   If you held the K prefd's yes BBANBOB 03/24/17 08:38:04 AM
#475033   There is no IF about it. The boys wowalters 03/24/17 08:15:47 AM
#475032   You may need to research the meaning of hotmeat 03/24/17 01:35:35 AM
#475031   LOL!! you mean 0.19 cents right?? wamugold 03/24/17 01:13:02 AM
#475030   They got a bank with $40B equity as newflow 03/24/17 12:32:50 AM
#475029   Any body that wouldn't be happy with 20-24 rockie101 03/23/17 11:59:24 PM
#475028   HOTMET I think 10 bil covers face on prefereds BBANBOB 03/23/17 11:35:27 PM
#475027   .... JB3136 03/23/17 10:45:52 PM
#475026   You guys act as if getting paid is rockie101 03/23/17 10:35:05 PM
#475025   Yes jhdf51 03/23/17 10:27:35 PM
#475024   Susan Man is not milking? Zalviny 03/23/17 10:12:11 PM
#475023   "$150+ billion ....well that's just plain Science Fiction.' goodietime 03/23/17 10:00:09 PM
#475022   Ahhh that's more down to earth then JB3136 03/23/17 09:09:26 PM
#475021   That would be a life changing event...probebly also JB3136 03/23/17 09:08:03 PM
#475020   That is excessively unrealistic JB3136 03/23/17 09:04:30 PM
#475019   All I know is when this cash comes REALtime64 03/23/17 08:29:00 PM
#475018   gaga gogo,az the cowboy was speaking for wamuvoodoo 03/23/17 08:06:09 PM
#475017   I used the number of Common shares that hotmeat 03/23/17 07:57:54 PM
#475016   I would suspect so, BR lost some prestige Calgary2 03/23/17 07:56:30 PM
#475015   You have to wonder if they're, WGM et hotmeat 03/23/17 07:51:11 PM
#475014   When the dust settled after conversion for others David West 03/23/17 07:50:09 PM
#475013   Hey dooooo, always keep this in mind, always garyhalvo 03/23/17 07:30:34 PM
#475012   Besides the crock rosen, how many law firms fwh3334zeke 03/23/17 07:10:46 PM
#475011   tissues..... diamondguru-one 03/23/17 06:55:19 PM
PostSubject