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WMI Holdings Corp. (WMIH)

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Last Post: 10/31/2014 2:02:07 PM - Followers: 1441 - Board type: Free - Posts Today: 26


                                       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





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Current Price
Bid Ask Day's Range
WMIH News: Current Report Filing (8-k) 10/09/2014 05:00:57 PM
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
#406266  Sticky Note The CHARADE and CONSEQUENCES - Updated bkshadow 10/07/14 07:56:46 AM
#404493  Sticky Note Companies with "Hidden" Assets on their Balance Sheets ... W3Research 09/09/14 11:50:36 PM
#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
#407774   Claudio, Thank you for the effort to ask. My observations: UncleBo 10/31/14 02:02:07 PM
#407773   Well, they're not getting my shares, because although UpTickMeASAP 10/31/14 01:35:10 PM
#407772   My guess is, your MM buddies don`t like Adam_Selene 10/31/14 01:32:48 PM
#407770   As long as some think that this BOD nranger 10/31/14 01:27:39 PM
#407769   Not true: sidedraft 10/31/14 01:22:53 PM
#407768   Better have a look to Wikipedia: muyuan51 10/31/14 01:18:39 PM
#407767   And he's going to work for JPM with forestflanigan 10/31/14 12:57:33 PM
#407765   HE is STEPPING DOWN amid many accusations of BBANBOB 10/31/14 11:46:05 AM
#407764   Chad's responses are arrogant and scornful and shiftyshoes 10/31/14 11:25:10 AM
#407763   The conference call is the appropriate forum to investorhub123 10/31/14 11:22:45 AM
#407762   Someone just spent $22,000 in one whack EyesWideOpen 10/31/14 10:49:31 AM
#407761   Supply and Demand smug_rat 10/31/14 10:20:56 AM
#407760   Are escrow payments (or losses) treated the same beardown027 10/31/14 10:17:27 AM
#407759   Agree. For management to feign any concern for djcat 10/31/14 10:05:44 AM
#407758   Claw what's your take on escrows? rockie101 10/31/14 09:58:01 AM
#407757   Yes you're mostly right. I'm just very frustrated nranger 10/31/14 09:57:43 AM
#407755   Disagree with everything you wrote. My last clawmann 10/31/14 09:37:58 AM
#407754   Yes, they were mostly very general questions. Why nranger 10/31/14 09:26:50 AM
#407752   Claudio, thanks for your great persistent to try soundincrest 10/31/14 09:15:29 AM
#407751   clawmann "CC to discuss what is in the the t1215s 10/31/14 08:45:37 AM
#407750   sunshinevibrations "Some would argue that those are exactly the t1215s 10/31/14 08:39:41 AM
#407745   Where is our Attorney General who claims to mypenneys 10/30/14 09:20:42 PM
#407744   No wonder JPMC urged the FDIC to act Civil War General 10/30/14 08:38:49 PM
#407743   Agree 100% castboy 10/30/14 08:34:07 PM
#407742   Off topic little.. drrugby 10/30/14 08:25:08 PM
#407741   according to this link ora123 10/30/14 07:34:41 PM
#407740   link did not work Donotunderstand 10/30/14 07:32:20 PM
#407739   Correct, but no reason to be grumpy, missed Upperlippy 10/30/14 06:37:54 PM
#407738   Agreed. Ongoing :-D just a matter of time. UpTickMeASAP 10/30/14 04:30:52 PM
#407737   Response: He stated he could not speak on barefoot123 10/30/14 04:01:23 PM
#407736   I suggest you and others read up on clawmann 10/30/14 03:51:36 PM
#407735   Thank you! dm57 10/30/14 03:37:16 PM
#407734   Good work. Maybe he is angry because he Upperlippy 10/30/14 03:31:11 PM
#407733   Thank you for taking the time 1Claudio. Much appreciated. traderpaul 10/30/14 02:54:42 PM
#407732   "Mr. Smith is a bankruptcy attorney" nranger 10/30/14 02:37:02 PM
#407731   Proud of you tpg 10/30/14 02:34:11 PM
#407730   Guess he wasn't ready to give any insider info....Bummer! WAMUSHAMU 10/30/14 02:15:30 PM
#407729   Ms. Weijia “Vicky” Wu, what was/is her role? JusticeWillWin 10/30/14 02:04:53 PM
#407728   Mr. Smith is a bankruptcy attorney, and he sunshinevibrations 10/30/14 02:02:24 PM
#407727   rockie, the facts that have been presented through Large Green 10/30/14 01:59:57 PM
#407726   Dear Fellow Investors, 1Claudio 10/30/14 01:50:57 PM
#407725   Sorry, here the correct link for the D&O JusticeWillWin 10/30/14 01:15:34 PM
#407722   the first link is bad Civil War General 10/30/14 12:31:16 PM
#407721   pretty sure they had advance notice of Bro Civil War General 10/30/14 12:26:50 PM
#407720   Embrace escrow because, as I've told you, WMIH nranger 10/30/14 12:25:31 PM
#407718   What answer do you expect? BigBang 10/30/14 12:06:16 PM
#407715   Volume is raging today! HeavenSent 10/30/14 11:33:01 AM
#407713   I should have rockie101 10/30/14 10:50:51 AM
#407712   No WithCatz 10/30/14 10:49:25 AM
#407711   Catz has your opinion on escrow and etc. rockie101 10/30/14 10:28:38 AM