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 Gmenfan, Large Green, fixedops, jhdf51, WithCatz, GO4AWILDRIDE
Search This Board:
Last Post: 8/30/2014 10:00:08 AM - Followers: 1439 - Board type: Free - Posts Today: 6


                                       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) 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
WMIH News: Current Report Filing (8-k) 06/10/2014 05:00:58 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
#402113  Sticky Note Admins, can you sticky this post please: tanjazielman 07/21/14 05:16:28 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
#403934   So do have a point with the dd Royal Dude 08/30/14 10:00:08 AM
#403933   He/she has a cut and paste for everthing. SweetGeorgiaBrown 08/30/14 09:50:34 AM
#403932   In other words: tanjazielman 08/30/14 09:30:06 AM
#403930   WMIH theoretically can receive 5% of monies distributed sometimes_right 08/30/14 05:06:05 AM
#403929   They're escrows, totally separate entity. It has nothing MikeJones8 08/30/14 04:34:01 AM
#403927   This is why there has been no WMI Boris the Spider 08/29/14 10:26:34 PM
#403926 UpTickMeASAP 08/29/14 08:28:29 PM
#403920   Mike, look it up... bkshadow 08/29/14 07:53:01 PM
#403919   well clearly someone has a plan, even if Civil War General 08/29/14 07:37:06 PM
#403918   There are public filings that shows some hedge MikeJones8 08/29/14 06:26:43 PM
#403917   what makes you think with no one single mufa 08/29/14 06:09:05 PM
#403916   Now that could be because they have "inside BlueeFoxx 08/29/14 05:58:46 PM
#403913   Blue, keeping it real... bkshadow 08/29/14 05:07:49 PM
#403912   LG, escrows now only have HOPE? bkshadow 08/29/14 05:01:22 PM
#403911   Don, We did not lose. We will get what dmceng 08/29/14 04:48:42 PM
#403910   I have been saying all along that if BlueeFoxx 08/29/14 04:42:39 PM
#403909   I agree "Life is Like a Box of Chocolates, BlueeFoxx 08/29/14 04:25:40 PM
#403907   Creditor Investors need only move on as they Large Green 08/29/14 03:57:27 PM
#403905   re-responder, bankruptcy case is done... bkshadow 08/29/14 03:39:38 PM
#403904   tanjaz is happy with Judge Walrath... bkshadow 08/29/14 03:14:46 PM
#403903   Totally unsupported, but you can... bkshadow 08/29/14 03:11:28 PM
#403901   Exactly what I am talking about JWW!! tanjazielman 08/29/14 03:07:22 PM
#403900   I think you are absolutely right, this is JusticeWillWin 08/29/14 02:54:42 PM
#403898   You can't believe that. I certainly don't. If BigBang 08/29/14 02:28:37 PM
#403897   First, I'm not even part of this conversation. WithCatz 08/29/14 02:13:51 PM
#403895   The respond-er seems to be forgetting that tranches Large Green 08/29/14 01:59:23 PM
#403894   I agree with the greater part you are tanjazielman 08/29/14 01:40:49 PM
#403893   BB, I remember a figure of $1.888 Billion. W3Research 08/29/14 01:40:24 PM
#403892   not really giving up but realize this is ora123 08/29/14 01:32:39 PM
#403889   Haha wrong! tanjazielman 08/29/14 01:28:47 PM
#403887   exactly! ;-) SweetGeorgiaBrown 08/29/14 12:35:07 PM
#403886   writonwater, good perspective. bkshadow 08/29/14 12:21:58 PM
#403885   Im sure it was or else jpm wouldn't zeus_0100 08/29/14 12:02:16 PM
#403884   It is all sickening at this point.. tzebedee 08/29/14 11:30:14 AM
#403883   Where is our piece of the pie WillyJam? shiftyshoes 08/29/14 10:56:41 AM
#403882   Assuming we have an honest government, LOL. 955 08/29/14 10:30:34 AM
#403881   BK, I find your reasoning to be clean writonwater 08/29/14 10:22:55 AM
#403880   I do have to assume, however, that wamu's BigBang 08/29/14 10:10:54 AM
#403879   Net worth is the important figure, in wamu's zeus_0100 08/29/14 10:03:51 AM
#403878   Docs, not really... bkshadow 08/29/14 09:39:32 AM
#403877   Since the takeover of WAMU didn't cost the BigBang 08/29/14 09:09:49 AM
#403876   You can't buy 300 billion in assets for BigBang 08/29/14 09:06:50 AM
#403874   It is definitely NOT over ;-) SweetGeorgiaBrown 08/29/14 08:06:09 AM
#403873   Thanks LG! SweetGeorgiaBrown 08/29/14 08:02:59 AM
#403870   CWG, not "partners," no "backing" bkshadow 08/29/14 06:06:34 AM
#403869   zeus, they can't answer that... bkshadow 08/29/14 05:58:49 AM
#403868   Hotmeat, sure I know... bkshadow 08/29/14 05:43:37 AM
#403866   I believe it comes in parts. One large Large Green 08/29/14 04:49:07 AM
#403865   Multiples of "Par" for former preferred shares! Large Green 08/29/14 04:36:38 AM
#403863   So, IYO, how large do you think the 955 08/29/14 12:59:55 AM