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Last Post: 9/20/2017 2:48:20 AM - Followers: 1565 - Board type: Free - Posts Today: 4

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. 


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.

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
WMI Equity Escrow Calculator

Mar 24, 2015 Press
WMI Liquidating Trust - "WMI Liquidating Trust Provides Information On Escrow CUSIPs"

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WMIH News: Current Report Filing (8-k) 09/08/2017 04:17:15 PM
WMIH News: Current Report Filing (8-k) 08/21/2017 04:17:05 PM
WMIH News: WMIH Corp. Announces Retention Of Financial Adviser 08/21/2017 04:05:00 PM
WMIH News: Current Report Filing (8-k) 08/10/2017 04:18:38 PM
WMIH News: Quarterly Report (10-q) 08/09/2017 04:20:30 PM
#478693  Sticky Note 2017 Annual meeting archive will be available until Evintos 06/01/17 05:40:22 PM
#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
#488326   nice post johnny...real nice sentiments... are you a lodas 09/20/17 02:48:20 AM
#488325   They could get rid of any debt whatsoever newflow 09/20/17 01:43:21 AM
#488324   Take a run, hit the gym, hit the Johnnyiwantsome 09/20/17 01:17:17 AM
#488323   For me, the official termination of the Employee hotmeat 09/20/17 12:30:33 AM
#488322   ron_66271,your knowledge and understanding is highly appreciated. Thank mufa 09/19/17 11:57:32 PM
#488321   Correct, Just think; CIC. ron_66271 09/19/17 11:50:16 PM
#488320   Please stop focusing on the NOLs. ron_66271 09/19/17 11:47:43 PM
#488319   LP, Link to CIC at this Time! ron_66271 09/19/17 11:40:17 PM
#488314   Believe they may still be able to use Royal Dude 09/19/17 10:02:48 PM
#488312   The powers that be have had years to brokedaddy 09/19/17 09:22:20 PM
#488311   Me too. If it goes well, I'll be AaronTrainer 09/19/17 09:18:10 PM
#488307   Ron the FED is reversing Quantitative Easing EXDIMER 09/19/17 08:26:25 PM
#488305   How is this case even relevant??? WMI never hotmeat 09/19/17 08:09:13 PM
#488304   Sorry, I want to remain optimistic but I LuckyPanda 09/19/17 08:06:39 PM
#488303   Ron, do you have a link to a LuckyPanda 09/19/17 07:52:44 PM
#488302   LP, so are you stating that your opinion intuitive3 09/19/17 07:47:56 PM
#488301   LP, CIC happened on June 1st. ron_66271 09/19/17 07:34:05 PM
#488300   I don't like them any more then fwh3334zeke 09/19/17 07:16:38 PM
#488299   LP. Great insight, Great Post... I really liked stoxjock 09/19/17 07:09:57 PM
#488298   Youkelsone v. WMI, et al ron_66271 09/19/17 06:52:18 PM
#488297   Exhibit 10.1 goodietime 09/19/17 06:35:15 PM
#488296   Youkelsone v. Washington Mutual Inc., et al., Case ron_66271 09/19/17 06:34:55 PM
#488295   "It is greatly annoying to always find JPM sillyinvestor 09/19/17 06:28:51 PM
#488294   Well, by now it should be obvious to LuckyPanda 09/19/17 06:15:25 PM
#488292   Are We There Yet!!! wamugold 09/19/17 06:02:07 PM
#488289   Good go ahead & sell one less when fwh3334zeke 09/19/17 05:26:36 PM
#488287   yeah Double Whammy!!, that's why im selling by wamugold 09/19/17 05:17:17 PM
#488286   Might want to read how the case concluded... bkshadow 09/19/17 05:10:48 PM
#488285   In that scenario ("if we dont hear anything AaronTrainer 09/19/17 05:01:24 PM
#488284   But WMIH has nothing to do with DB johnheps 09/19/17 04:58:38 PM
#488283   Historically speaking, its safe to bet you're correct. AaronTrainer 09/19/17 04:40:35 PM
#488282   Plaintiff - Appellant Fletch-42 09/19/17 04:32:28 PM
#488281   Third Circuit U.S. Court of Appeals newflow 09/19/17 04:20:00 PM
#488280   Well so much for the 19th...just another day rockie101 09/19/17 04:07:45 PM
#488279   Nope. Upperlippy 09/19/17 03:57:45 PM
#488277   MBS's are long term plans for KKR Royal Dude 09/19/17 03:50:53 PM
#488276   What exhibit link plz?? kevins131 09/19/17 03:50:10 PM
#488274   Exhibit 10.1 goodietime 09/19/17 03:47:49 PM
#488273   4% from wmih common hitting 52 wk low.. Peyton976 09/19/17 03:38:47 PM
#488270   I concur. With DB probate done, someone would LuckyPanda 09/19/17 03:24:51 PM
#488269   They've had 9 years to figure it out. dennyduper 09/19/17 03:22:56 PM
#488268   We should hear from FDIC within next two katekir1234 09/19/17 03:11:52 PM
#488267   Just common sense. It's date after date after vermin 09/19/17 03:01:30 PM
#488266   Royal, that is the truth 100% correct...I hope UncleBo 09/19/17 02:47:20 PM
#488264   ~ Hmm' Just Thinking Out Loud ~ AZCowboy 09/19/17 02:30:48 PM
#488262   Sounds like a little hacking going on. Just sayinh dennyduper 09/19/17 01:58:15 PM
#488261   mine was MHYS. We need a non escrower tzebedee 09/19/17 01:46:04 PM
#488260   SGB, the Puerto Rican people are proud... bkshadow 09/19/17 01:41:55 PM
#488259   TD Amertrade is in the process of absorbing Fletch-42 09/19/17 01:41:38 PM
#488257   after much time on with REAL people at BBANBOB 09/19/17 01:29:44 PM