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WMIH Corp. (WMIH)

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Last Post: 2/23/2017 8:50:18 AM - Followers: 1539 - Board type: Free - Posts Today: 29


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. 


PURCHASE AND ASSUMPTION AGREEMENT

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.
WITH SHAREHOLDERS INTACT


WASHINGTON MUTUAL EMERGES FROM BANKRUPTCY ON 3/19/12
 
WMI STARTS TRADING UNDER NEW TICKER (WMIH) 3/28/12


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

 
Mar 24, 2015 Press
Release
WMI Liquidating Trust - "WMI Liquidating Trust Provides Information On Escrow CUSIPs"
http://www.prnewswire.com/news-releases/wmi-liquidating-trust-provides-information-on-escrow-cusips-300055333.html

Level 2

http://tinyurl.com/astockinvestor



Chart U.S.


http://stockcharts.com/h-sc/ui?s=WMIH&p=W&b=5&g=0&id=p13019533725


Quote Germany

http://quotes.wsj.com/DE/XMUN/07W?mod=DNH_S_cq

http://quotes.wsj.com/DE/XBER/07W





 
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WMIH
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WMIH News: Amended Statement of Ownership (sc 13g/a) 02/14/2017 02:39:54 PM
WMIH News: Current Report Filing (8-k) 02/08/2017 04:16:52 PM
WMIH News: Current Report Filing (8-k) 01/11/2017 04:18:10 PM
WMIH News: Current Report Filing (8-k) 01/05/2017 04:17:27 PM
WMIH News: Current Report Filing (8-k) 12/06/2016 04:16:49 PM
PostSubject
#469354  Sticky Note Ok, GO4AW, here you have the best collection muyuan51 12/27/16 08:25:19 AM
#442011  Sticky Note Nothing that he has posted supports the proposition mordicai 12/10/15 07:20:26 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
#472506   ~ The Class 19's Are Not Capped ~ AZCowboy 02/23/17 08:50:18 AM
#472505   after wasting time reading all this, it's still Zalviny 02/23/17 08:49:51 AM
#472504   Anyone, who owns a corporate entity, preferreds/bond holders wowalters 02/23/17 08:43:21 AM
#472503   Yes, I am common holders to have average etzetrade 02/23/17 08:26:22 AM
#472502   Yes, I have both, pfrds and common. Pfrd etzetrade 02/23/17 08:22:29 AM
#472501   Agreed....As it stands, if Pref's are to receive hotmeat 02/23/17 08:15:07 AM
#472500   YEP can of worms BBANBOB 02/23/17 08:07:17 AM
#472499   Preferred capped is the most fair and reasonable. BBANBOB 02/23/17 08:05:33 AM
#472498   Sometimes Interesting as I received NO SUCH compensation and BBANBOB 02/23/17 07:59:21 AM
#472497   We both know that black horse and other Olti100 02/23/17 07:56:22 AM
#472496   """Preferreds have no right to complain if they BBANBOB 02/23/17 07:45:43 AM
#472495   By the book, Az and TAn could be etzetrade 02/23/17 07:06:12 AM
#472494   Court sealed, redacted registry accounts that contain monies Large Green 02/23/17 07:05:55 AM
#472493   Waterfall $78 Million - Tax Refund Status... bkshadow 02/23/17 07:04:38 AM
#472492   Ripped off your to late the cash is REALtime64 02/23/17 07:03:13 AM
#472491   This is how I see it from the hotmeat 02/23/17 05:46:33 AM
#472490   Sometimes wrong, "apparently they received a class action Upperlippy 02/23/17 04:14:07 AM
#472489   SR, I agree 100%! Both Preferred and Common W3Research 02/23/17 04:12:25 AM
#472488   Sorry man, not sure where you are getting creyno58 02/23/17 03:58:00 AM
#472487   All I can speak on is what is hotmeat 02/23/17 03:26:42 AM
#472486   If I remember correctly the EC only asked JusticeWillWin 02/23/17 02:49:59 AM
#472485   Wrong...Preferreds would have EVERY RIGHT to complain because sometimes_right 02/23/17 02:48:56 AM
#472484   Yes, that explains it. But you can LuckyPanda 02/23/17 02:04:21 AM
#472483   I see, thank you for your input. I wamugold 02/23/17 02:01:36 AM
#472482   Does this relate: https://en.wikipedia.org/wiki/Net_interest_margin Bizreader 02/23/17 01:56:13 AM
#472481   I'm not sure about the uncapped 75/25 split LuckyPanda 02/23/17 01:46:05 AM
#472480   you guys are nutz if you think preferreds wamugold 02/23/17 12:48:06 AM
#472479   Huh?? You need to re-read my post carefully. LuckyPanda 02/23/17 12:21:16 AM
#472478   The 75/25 split in the event Safe Harbour tanjazielman 02/23/17 12:09:44 AM
#472476   If it does not amount to that much fwh3334zeke 02/22/17 10:56:04 PM
#472474   So you are saying 142B x .75 = wamugold 02/22/17 10:31:28 PM
#472473   In all honesty and fairness... I, for one, ShoeGlue 02/22/17 10:30:58 PM
#472472   Great analysis, and logical. Otherwise, TPS would had etzetrade 02/22/17 10:14:41 PM
#472471   Thanks BD for your assessments soundincrest 02/22/17 09:44:55 PM
#472470   Yes , and then MW caved and the cents2ks 02/22/17 09:34:44 PM
#472469   R-203 JPM 10Q 2014 which came out in fwh3334zeke 02/22/17 09:28:58 PM
#472468   Again it's possible but as I see it hotmeat 02/22/17 09:22:54 PM
#472467   I don't think its a mic drop kinda boarddork 02/22/17 09:19:05 PM
#472466   Thanks for being open minded at least. boarddork 02/22/17 09:14:57 PM
#472465   JPM and FDIC need to paid back to primewa 02/22/17 09:14:19 PM
#472464   The main players were facing JMW "colorable claims" boarddork 02/22/17 09:07:35 PM
#472463   WMI estate has 2 areas of separate boarddork 02/22/17 09:05:09 PM
#472462   24% income cert retention is SEC regulation. boarddork 02/22/17 08:38:36 PM
#472461   "BD" Great Post soundincrest 02/22/17 08:27:13 PM
#472460   We can come close to guessing how much boarddork 02/22/17 08:16:26 PM
#472459   Ditto! Do you have a link to your ReikoBlack 02/22/17 07:43:40 PM
#472458   Just asking, do you have a link that fwh3334zeke 02/22/17 07:07:21 PM
#472457   There is no trust set prior the BK Olti100 02/22/17 06:52:44 PM
#472456   You should just look at the 2007 wamu LuckyPanda 02/22/17 06:46:14 PM
#472455   I'm not saying it's impossible but as I hotmeat 02/22/17 06:45:30 PM
PostSubject