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WMIH Corp. (WMIH)

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Last Post: 1/21/2017 7:57:30 AM - Followers: 1538 - Board type: Free - Posts Today: 1


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 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
WMIH News: Current Report Filing (8-k) 11/23/2016 04:18:37 PM
WMIH News: Current Report Filing (8-k) 11/04/2016 04:29:04 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
#470745   Sounds like you do not believe that the wowalters 01/21/17 07:57:30 AM
#470744   So, I have waited for 8 years, & fwh3334zeke 01/20/17 10:59:33 PM
#470743   I released my Ks and Ps, and I phinhead1972 01/20/17 10:22:18 PM
#470742   tcs5, Absolutely, yes, I truly love my Escrow Large Green 01/20/17 09:54:39 PM
#470741   Must not have released or sent in the fwh3334zeke 01/20/17 09:54:24 PM
#470740   Agreed, however one of my opinions is backed phinhead1972 01/20/17 09:48:06 PM
#470739   LARGE GREEN IN ALL YOUR OLD POSTS YOU tcs5 01/20/17 09:46:28 PM
#470737   Ever one is entitled to their opinion about fwh3334zeke 01/20/17 09:43:17 PM
#470736   Agree about one of the hold ups being phinhead1972 01/20/17 09:39:49 PM
#470735   What I value the company with it's remaining phinhead1972 01/20/17 09:30:15 PM
#470734  Restored Dead horse REALtime64 01/20/17 09:24:55 PM
#470733   Thanks for your DD & summarizing imminent Actions stoxjock 01/20/17 07:43:39 PM
#470732   The only conclusion I've come to is that distrojunky 01/20/17 05:59:22 PM
#470731   Let me suggest that the NOL has already Royal Dude 01/20/17 04:52:06 PM
#470730   ItsMyOption, yes, I agree with you because in Large Green 01/20/17 04:06:28 PM
#470729   Ok LG, yes the annual report is a ItsMyOption 01/20/17 03:58:20 PM
#470728   ItsMyOption, here you go Large Green 01/20/17 03:51:34 PM
#470727   LG, that is for the WMI LT, but ItsMyOption 01/20/17 03:44:51 PM
#470726   ItsMyOption, if you look at the last several Large Green 01/20/17 03:31:07 PM
#470725   The question is why going all the way cura asada 01/20/17 03:16:38 PM
#470724   Thanks AZ, that now makes it clear to ItsMyOption 01/20/17 03:03:11 PM
#470723   "On March 19, 2012, WMIH emerged from bankruptcy. ReikoBlack 01/20/17 02:46:05 PM
#470721   ~ That ? Is Actually Two Questions' ~ AZCowboy 01/20/17 02:37:49 PM
#470720   Thats fine but I really wonder how come Olti100 01/20/17 02:33:48 PM
#470719   So escrows would be getting crumbs by 2020 johnydollar 01/20/17 02:15:12 PM
#470718   All this is just beating around the bushes rockie101 01/20/17 02:08:56 PM
#470717   One question AZCowboy re: and, as stated on the ItsMyOption 01/20/17 01:01:31 PM
#470716   There's a new sheriff in town, and our shiftyshoes 01/20/17 12:56:12 PM
#470715   Points with High marks, AZ PickStocks 01/20/17 12:44:25 PM
#470714   LT does shut down and any escrows markers PickStocks 01/20/17 12:40:35 PM
#470713   Do you have a link to this. Or wowalters 01/20/17 12:22:12 PM
#470712   Escrow go away when the LT is shut down. phinhead1972 01/20/17 11:54:25 AM
#470711   UNLESS YOU WERE A PRINCIPLE in the action, BBANBOB 01/20/17 11:53:15 AM
#470710   IMHO he has been and will be close BBANBOB 01/20/17 11:42:36 AM
#470709   I have to wonder why nobody has ever es1 01/20/17 11:41:03 AM
#470708   To those knocking Susman, He is a member fwh3334zeke 01/20/17 11:24:25 AM
#470707   AZ, thanks for the well needed reminder!:) intuitive3 01/20/17 11:13:50 AM
#470706   ~ Why The WMIH-Corp Holdup ? (my conclusions) AZCowboy 01/20/17 10:57:53 AM
#470705   I think he's saying we don't matter and footballref-8541 01/20/17 10:29:41 AM
#470702   2 to 3 yrs? are you nuts? dump Zalviny 01/20/17 09:45:09 AM
#470701   Are we giving-up on a qualified M&A before sometimes_right 01/20/17 09:36:48 AM
#470700   Have no idea what you are trying to Emptyhead 01/20/17 09:12:40 AM
#470699   The value is the NOL's all the rest Emptyhead 01/20/17 09:12:01 AM
#470698   A halt is fine, it is usually done garyhalvo 01/20/17 09:10:13 AM
#470697   short it please. burn. tzebedee 01/20/17 09:06:12 AM
#470696   mordicai: Would you consider WMIH a Buy Emptyhead 01/20/17 09:01:55 AM
#470695   Amazing, you haven't and can't see the UNSEEN wowalters 01/20/17 07:56:16 AM
#470694   yes9 U should own with all your posts t1215s 01/20/17 06:24:56 AM
#470693   Will buy more today if money is available!!! yes9 01/20/17 04:19:00 AM
#470692   $1.00 or DELISTED???????????????????? Still WRONG, daily! fwh3334zeke 01/19/17 11:29:17 PM
PostSubject