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WMI Holdings Corp. (WMIH)

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Last Post: 12/19/2014 6:34:09 PM - Followers: 1446 - Board type: Free - Posts Today: 66


                                       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) 04:02 PM
WMIH News: Current Report Filing (8-k) 12/17/2014 06:01:30 AM
WMIH News: Current Report Filing (8-k) 12/10/2014 05:01:46 PM
WMIH News: Current Report Filing (8-k) 10/09/2014 05:00:57 PM
News News Alert: Current Report Filing (8-k) 12/19/2014 04:02:00 PM
#408859  Sticky Note "One day escrow holders will wake up" bkshadow 11/25/14 07:35:46 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
#410332   This letter agreement is made as of December Evintos 12/19/14 06:34:09 PM
#410331 jwerneck 12/19/14 06:30:32 PM
#410330   Where are you getting this information from? BigBang 12/19/14 06:28:55 PM
#410329   Mandatory Conversion Evintos 12/19/14 06:26:45 PM
#410328   Dividends Holders of shares of the Series B Preferred Evintos 12/19/14 06:19:58 PM
#410327   Item 1.01 Entry into a Material Definitive Agreement Evintos 12/19/14 06:16:06 PM
#410326   nope Donotunderstand 12/19/14 06:09:19 PM
#410325   If the proceed comes from 2.5% of the zulual 12/19/14 05:59:45 PM
#410324   Interesting speculation! BigBang 12/19/14 05:58:56 PM
#410323   I wish. jwerneck 12/19/14 05:56:23 PM
#410322   Dear people, tanjazielman 12/19/14 05:54:16 PM
#410321   Bottom line is I see nothing negative with temocat 12/19/14 05:07:17 PM
#410320   Agree but honestly, I believe is quite good iPrelude 12/19/14 05:05:03 PM
#410319   On December 19, 2014, WMI Holdings Corp. (the yellow_seiko 12/19/14 05:03:17 PM
#410318   It is high compared to what you can BigBang 12/19/14 05:01:01 PM
#410317   Yep, was this ever a PoS?, no, it iPrelude 12/19/14 05:00:14 PM
#410316   Thanks so much for sharing this Temocat, really iPrelude 12/19/14 04:56:35 PM
#410315   yep yep we are all guess the ora123 12/19/14 04:55:28 PM
#410314   Green this funding would that work in some rockie101 12/19/14 04:47:18 PM
#410313   $568.7 Million "Whole or Partial" ACQUISITION FUNDING...will HOPEFULLY sometimes_right 12/19/14 04:42:31 PM
#410312   I would say - in some sense - drkazmd65 12/19/14 04:38:52 PM
#410311   who are the lucky winners for today? ora123 12/19/14 04:31:25 PM
#410310   Should make Monday's trading very interesting,.... drkazmd65 12/19/14 04:30:28 PM
#410308   Great news..... xoom 12/19/14 04:17:38 PM
#410307   Blue, HUGE NEWS drrugby 12/19/14 04:16:37 PM
#410306   Refreshing.... thanks Az for the reminder on 'R's xoom 12/19/14 04:15:01 PM
#410305 temocat 12/19/14 04:11:17 PM
#410304   I believe you are right, I remember telling investorhub123 12/19/14 04:09:06 PM
#410302   Yeah, Yeah, you have beat that tune to zeus_0100 12/19/14 03:59:20 PM
#410301   Maybe years from now books will be written BBANBOB 12/19/14 03:46:33 PM
#410300   BINNNGOO! investorhub123 12/19/14 03:21:46 PM
#410299   I truly believe THJMW knew exactly what was investorhub123 12/19/14 03:19:50 PM
#410298   very well said,i must say onco 12/19/14 02:32:49 PM
#410297   Conclusion THIS ALONE HAD HUGE VALUE!!! and why BBANBOB 12/19/14 02:31:51 PM
#410296   still be so oblivious. BBANBOB 12/19/14 02:23:07 PM
#410295   We appreciate your legwork AZ. Things look Boris the Spider 12/19/14 02:20:02 PM
#410294   ... Hey Boris' ... Happy Holidays ... AZCowboy 12/19/14 02:08:48 PM
#410293   Thanks AZ. I understood. Baffles me Boris the Spider 12/19/14 01:53:22 PM
#410292   ... LG' is Right on Point ... AZCowboy 12/19/14 01:47:14 PM
#410291   zeus, well I hate to blow your bubble Large Green 12/19/14 01:23:44 PM
#410290   ... I meant right of the comma' ... AZCowboy 12/19/14 01:09:17 PM
#410289   That means only 6.5 trading days from next JusticeWillWin 12/19/14 01:09:04 PM
#410288   OK you understand things your way I see BBANBOB 12/19/14 12:53:31 PM
#410287   Bk has not debunked anything. He correctly states wowalters 12/19/14 12:50:21 PM
#410286   Count the digits bbanbob, zeus_0100 12/19/14 12:40:04 PM
#410285   Well, hate to tell you this, but BKshadow zeus_0100 12/19/14 12:27:20 PM
#410284   Receiver Roach58 12/19/14 12:20:46 PM
#410283   Debtors run the show,until someone gets in the Roach58 12/19/14 12:16:04 PM
#410282   Yes that sounds like EXIGENT CIRCUMSTANCES JusticeWillWin 12/19/14 11:50:32 AM
#410281   Rosen made his career on this, believe me Chiron 12/19/14 11:01:00 AM