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WMI Holdings Corp. (WMIH)

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Last Post: 4/16/2014 12:19:34 AM - Followers: 1437 - Board type: Free - Posts Today: 3
                            FORMALLY WASHINGTON MUTUAL INC.



 This board is for discussion of Washington Mutual Inc. old ticker WAMUQ now (WMIH)


  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

 WMIH 8-K Filed 4/16/12

WMIH Recent News





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Current Price
Bid Ask Day's Range
WMIH News: KKR Finalizes Strategic Investment in WMI Holdings Corp. 01/31/2014 08:30:00 AM
WMIH News: KKR Finalizes Strategic Investment in WMI Holdings Corp. 01/31/2014 08:30:00 AM
WMIH News: WMI Holdings Corp. Announces Commitment by KKR for Strategic Investment 12/09/2013 08:45:00 AM
WMIH News: WMI Holdings Corp. Announces Commitment by KKR for Strategic Investment 12/09/2013 08:45:00 AM
#397110  Sticky Note WaMu Seesaws On M&A Speculation BlueeFoxx 03/24/14 04:17:07 PM
#395408  Sticky Note Section 382 is triggered when a change in BlueeFoxx 02/20/14 10:45:03 PM
#392730  Sticky Note Free L2 quotes guys ( Thanks to Dan ) xoom 12/18/13 11:28:41 AM
#391828  Sticky Note News for 'WMIH' - (WMI Holdings Corp. Announces rodster73 12/09/13 08:59:36 AM
#398251   2030? that's 16 yrs later, many people won't Zalviny 04/16/14 12:19:34 AM
#398250   you are right! I'm wondering where all those Zalviny 04/16/14 12:17:06 AM
#398249   In spite of the lousy stretch for PPS nranger 04/16/14 12:02:25 AM
#398248   Hey, Catz, you got me to thinking I sunshinevibrations 04/15/14 10:52:12 PM
#398247   Capitalized, I believe 170 million and a 5.6 PickStocks 04/15/14 10:24:27 PM
#398246   Shocking. Who would have thought. lol fixedops 04/15/14 09:48:38 PM
#398245   Goodbye. My previous posts are fair game from those nursejeffv2 04/15/14 07:51:20 PM
#398244   sunshine -- that seems to vary by brokerage. WithCatz 04/15/14 07:29:35 PM
#398243   You're right, catz. But, if a security is sunshinevibrations 04/15/14 06:51:07 PM
#398242   Sunshine -- actually the non-marginable is about WE WithCatz 04/15/14 06:37:30 PM
#398241   Good answer creyno58 04/15/14 06:20:32 PM
#398240   On top of that, WMIH is designated as sunshinevibrations 04/15/14 06:03:12 PM
#398239   oops sharing should be shorting Donotunderstand 04/15/14 05:57:27 PM
#398238   This seems to be the answer on the Donotunderstand 04/15/14 05:56:02 PM
#398237   Yes The "right" for a brokerage to hypothecate your Donotunderstand 04/15/14 05:49:48 PM
#398235   Yeah i should do a cash only.. jhdf51 04/15/14 05:19:13 PM
#398234   Thank you catz I really appreciate Wanted to chk also tpg 04/15/14 05:06:43 PM
#398232   tpg -- an IRA/Roth can only be a WithCatz 04/15/14 04:46:34 PM
#398231   How can I put my shares in Ira/Roth? Called tpg 04/15/14 04:43:06 PM
#398230   Mine are 'locked' just because I don't have drkazmd65 04/15/14 04:20:24 PM
#398229   As far as my own limits of what drkazmd65 04/15/14 04:18:18 PM
#398228   he's right on this point td31 04/15/14 04:12:47 PM
#398227   Thanks Catz, jhdf51 04/15/14 04:10:24 PM
#398224   As far as I know it has not Royal Dude 04/15/14 04:03:02 PM
#398223   rockie, no, not at all, I still feel Large Green 04/15/14 03:58:27 PM
#398222   Please, you tell us. BigBang 04/15/14 03:56:45 PM
#398221   jhd51 -- it's a recurrent myth that putting WithCatz 04/15/14 03:49:17 PM
#398220   Ameritrade won't let me set a (too high) jhdf51 04/15/14 03:37:36 PM
#398219   Yeah locking your shares really hurts their chances BlueeFoxx 04/15/14 03:30:50 PM
#398218   Interesting post Foxx, drkazmd65 04/15/14 03:22:52 PM
#398217   Royal will you repost the shareholders meeting info please? BlueeFoxx 04/15/14 03:15:32 PM
#398216   Green reading your post for months....w I thought rockie101 04/15/14 03:12:55 PM
#398215   Me too on the accumulation. I tend to BlueeFoxx 04/15/14 03:07:30 PM
#398214   DMCE, I agree and three years from now Large Green 04/15/14 03:06:17 PM
#398213   BlueeFox The last sentence holds true for many of dmceng 04/15/14 03:03:03 PM
#398212   Ok I will see you the night before Royal Dude 04/15/14 02:57:10 PM
#398210   So hard to tell at this point. With Royal Dude 04/15/14 02:43:49 PM
#398209   I am fed up with this dude Wiiilingham Zalviny 04/15/14 02:35:42 PM
#398208   Welcome to the funny farm, we have been Royal Dude 04/15/14 02:33:01 PM
#398207   WTF is going on??? Zalviny 04/15/14 02:31:12 PM
#398206   It is all about the Taxes, this is Royal Dude 04/15/14 02:21:34 PM
#398203   Exactly. Fear, greed, and the lack of knowledge David West 04/15/14 01:30:47 PM
#398201   just about time to start buying again, not wildcard1 04/15/14 01:01:33 PM
#398200   Must Read Especially the part about Longs.. BlueeFoxx 04/15/14 01:00:21 PM
#398198   F and R at 2.99. rockie101 04/15/14 12:48:52 PM
#398197   BlueeFoxx Well Don Your's is a rather condensed version!!lo dmceng 04/15/14 11:49:32 AM
#398196   im right there with u td31 04/15/14 11:41:29 AM
#398195   "a share is a share," IF preseizure shareholders sometimes_right 04/15/14 11:34:22 AM
#398194   "By the way i wish it would be BigBang 04/15/14 11:33:04 AM
#398193   What is this? The 'shoulda' 'woulda' 'coulda' post? nranger 04/15/14 11:30:01 AM