SureTrader SureTrader
Home > Boards > US OTC > Banking and Finance >


Add WMIH Price Alert      Hide Sticky   Hide Intro
Moderator: No Moderator W3Research, Gmenfan, fixedops, jhdf51, WithCatz, GO4AWILDRIDE
Search This Board:
Last Post: 5/30/2015 5:21:49 PM - Followers: 1457 - Board type: Free - Posts Today: 22

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. 


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: Initial Statement of Beneficial Ownership (3) 05/21/2015 03:18:59 PM
WMIH News: Initial Statement of Beneficial Ownership (3) 05/21/2015 03:13:38 PM
WMIH News: Statement of Changes in Beneficial Ownership (4) 05/19/2015 12:13:01 PM
WMIH News: Statement of Changes in Beneficial Ownership (4) 05/19/2015 12:10:18 PM
WMIH News: Initial Statement of Beneficial Ownership (3) 05/19/2015 12:09:49 PM
#416464  Sticky Note KKR Preferred deal jhdf51 03/09/15 05:29:07 PM
#411004  Sticky Note EXCELLENT TIME TO READ FDIC-R MANDATE... bkshadow 12/27/14 04:49:27 PM
#410501  Sticky Note Would someone please put this past Fridays news t1215s 12/22/14 06:50:03 AM
#404493  Sticky Note Companies with "Hidden" Assets on their Balance Sheets ... W3Research 09/09/14 11:50:36 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
#424661   LOL you think a pop is coincident with MasterBlastr 05/30/15 05:21:48 PM
#424660   IMHO you did not received the 8K yesterday cura asada 05/30/15 03:25:44 PM
#424659   since we ALL want to clear-up any misconceptions, sometimes_right 05/30/15 02:40:09 PM
#424658   DP, it's OK! go_wamu 05/30/15 01:01:18 PM
#424657   Master / your understanding and forgiveness for my DPincus 05/30/15 12:14:32 PM
#424656   No - I know others had brought it MasterBlastr 05/30/15 12:01:36 PM
#424655   Go / No intent to deceive anyone. DPincus 05/30/15 11:57:28 AM
#424653   Of course there isn't an uplist YET, that thesunbird76 05/30/15 11:17:58 AM
#424652   onco, I believe that an uplist is coming thesunbird76 05/30/15 11:13:15 AM
#424651   I wouldn't feel too bad about it. I MasterBlastr 05/30/15 10:42:45 AM
#424650   ya that options thing was real, that would td31 05/30/15 10:28:10 AM
#424649   * * $WMIH Video Chart 05-29-15 * * ClayTrader 05/30/15 09:55:41 AM
#424647   There is no uplist yet, what is it JB3136 05/30/15 09:45:56 AM
#424646   Better yet. Judge Roy Bean! GodGunsnGuts 05/30/15 09:22:59 AM
#424645   uplist and no PR ?????....strange..IMHO onco 05/30/15 08:52:59 AM
#424644   Once a valid claim was made against the hotmeat 05/30/15 04:18:59 AM
#424643   It looks like always ! go_wamu 05/30/15 04:03:21 AM
#424642   Sorry to hear that. DPincus 05/30/15 02:28:37 AM
#424641   Couldn't agree more. Nice post. 955 05/30/15 12:56:16 AM
#424640   Punch up any otcbb symbol there and you'll JB3136 05/30/15 12:11:26 AM
#424639   That will work with any stock. MasterBlastr 05/29/15 11:48:52 PM
#424638   Looks pretty good to me! DPincus 05/29/15 11:33:24 PM
#424637   Gotta say, to sunbird & mad: NASDQ listings DPincus 05/29/15 11:26:55 PM
#424636   And what exactly did old Jamie Dimon pay? invest1980 05/29/15 11:24:05 PM
#424635   $WMIH on Twitter! ... W3Research 05/29/15 10:44:54 PM
#424634   Yes they are and I do remember watching garyhalvo 05/29/15 09:13:36 PM
#424633   Do not forget we have a conference call Royal Dude 05/29/15 08:46:05 PM
#424632   I think this debacle must be a government ora123 05/29/15 08:03:07 PM
#424631   I posted a message earlier that if you mad4 05/29/15 07:38:24 PM
#424630   it's there for all otcbb stocks though is JB3136 05/29/15 07:30:00 PM
#424629   Nice one..hahaha!! thesunbird76 05/29/15 07:24:33 PM
#424628   JB3136, the point that I am making is thesunbird76 05/29/15 07:07:26 PM
#424627   A MUST READ!!! It's been 7 years, and thesunbird76 05/29/15 07:02:16 PM
#424626   my brokerage account is not showing anything I JB3136 05/29/15 06:57:08 PM
#424625   My Scottrade has an option tab but no investorhub123 05/29/15 06:56:21 PM
#424624   Uplisting: Many large funds will need to Boris the Spider 05/29/15 06:55:40 PM
#424623   No need to get testy. You can choose thesunbird76 05/29/15 06:54:22 PM
#424622   If you can't see that things are moving thesunbird76 05/29/15 06:50:00 PM
#424621   Trust you, you park your car on the JB3136 05/29/15 06:48:30 PM
#424620   I don't' see anything different there is a JB3136 05/29/15 06:44:03 PM
#424619   I have also notice three extra symbols for thesunbird76 05/29/15 06:43:03 PM
#424618   Trust me, WMIH is uplisting VERY VERY VERY thesunbird76 05/29/15 06:36:06 PM
#424617   well it's Friday well after close if we JB3136 05/29/15 06:23:53 PM
#424616   I hold all 3 classes I can wait mypenneys 05/29/15 06:23:28 PM
#424615   Yeah something big is up. I suspect an thesunbird76 05/29/15 06:17:18 PM
#424614   I just check my Tradeking account and indeed thesunbird76 05/29/15 05:51:12 PM
#424613   Your post is premature. Jestiron 05/29/15 05:24:23 PM
#424612   If only judge Jed Rakoff were available.... investorhub123 05/29/15 05:23:08 PM
#424611   +1 to that Jestiron. Amen! JB3136 05/29/15 05:21:00 PM
#424609   Thank you Clay! Hope all is well! Jestiron 05/29/15 05:04:18 PM