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Last Post: 5/26/2017 12:37:30 PM - Followers: 1546 - Board type: Free - Posts Today: 30

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. 


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.

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
WMI Equity Escrow Calculator

Mar 24, 2015 Press
WMI Liquidating Trust - "WMI Liquidating Trust Provides Information On Escrow CUSIPs"

Quote Germany

SEC Filings for WMIH  
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Current Price
Bid Ask Day's Range
WMIH News: Quarterly Report (10-q) 05/09/2017 04:21:23 PM
WMIH News: Current Report Filing (8-k) 05/08/2017 04:17:29 PM
WMIH News: Additional Proxy Soliciting Materials (definitive) (defa14a) 04/19/2017 04:22:37 PM
WMIH News: Proxy Statement (definitive) (def 14a) 04/19/2017 04:19:33 PM
WMIH News: Current Report Filing (8-k) 04/06/2017 04:17:05 PM
#469354  Sticky Note Ok, GO4AW, here you have the best collection muyuan51 12/27/16 08:25:19 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
#478290   I can see ROYAL point of WHAT MAY BBANBOB 05/26/17 12:17:38 PM
#478289   Royal we've seen a lot of dates come footballref-8541 05/26/17 11:57:15 AM
#478288   of what? just because I can't comprehend it JB3136 05/26/17 11:51:23 AM
#478287   Thanks for your confirmation JB :) Royal Dude 05/26/17 11:48:50 AM
#478286   As you would say Bingo :) Royal Dude 05/26/17 11:47:38 AM
#478285   sorry I lack the ability to comprehend all that. JB3136 05/26/17 11:45:00 AM
#478284   Man this goes WAY OUT THERE ON A BBANBOB 05/26/17 11:43:52 AM
#478283   All the financial instruments that I have delivered Royal Dude 05/26/17 11:43:27 AM
#478282   Sorry all, Royal Dude 05/26/17 11:39:43 AM
#478281   HAPPY HOLIDAY TO ALL BBANBOB 05/26/17 11:30:10 AM
#478280   I'm surprised this POS is above $1. wamugold 05/26/17 11:27:24 AM
#478279   You should read this pricing supplement together with Royal Dude 05/26/17 11:20:08 AM
#478278   I gave up on gold a long time JB3136 05/26/17 11:18:52 AM
#478277   This is what the likes of JPM, DB hotmeat 05/26/17 11:16:01 AM
#478275   it's because of the nickle tic program. Maybe JB3136 05/26/17 10:16:40 AM
#478274   Hmmm I had not tried it myself. You es1 05/26/17 10:13:46 AM
#478273   Useless...... ckaufman2160 05/26/17 09:42:57 AM
#478272   Buy all you can buy. BODonothing & Rosenchit wamuqsi 05/26/17 09:41:23 AM
#478271   Shut up that's prosperous JB3136 05/26/17 09:23:10 AM
#478270   Can' forces me to enter in nickel incraments JB3136 05/26/17 09:22:32 AM
#478269   To separate facts from mere opinions, you should yx88hc 05/26/17 09:22:16 AM
#478268   I am not an attorney or an insider. REALtime64 05/26/17 09:18:43 AM
#478267   How can some thing FAKE an worthless be REALtime64 05/26/17 09:10:43 AM
#478266   Is there a shareholders meeting on June 1? Mr Bombastic 05/26/17 08:37:09 AM
#478265   Bid 1.20 Ask 1.25 Place order at 1.23 The mm will es1 05/26/17 01:03:21 AM
#478264   LP...Thank you for the perspective and excellent history....Understand Owndude 05/26/17 12:20:54 AM
#478263   DON'T FORGET ABOUT CLOWNS TO LEFT OF ME steelheader7 05/25/17 11:49:30 PM
#478262   Is 1.25 a good buy? How do I JB3136 05/25/17 10:42:37 PM
#478260   What the hell does this mean? mattchew 05/25/17 10:36:42 PM
#478259   It's no way someone who can come up tpg 05/25/17 10:31:19 PM
#478258   Interesting, JPM 173B and others as Royal Dude mattchew 05/25/17 10:27:26 PM
#478257   RD I understand! dmceng 05/25/17 10:06:00 PM
#478256   That which goes to WMIH according to the Royal Dude 05/25/17 10:03:20 PM
#478255   It may be I like when more than Royal Dude 05/25/17 10:02:06 PM
#478254   RD IS this what we have been waiting for? dmceng 05/25/17 09:41:20 PM
#478253   What 2.5. % are you talking about that mypenneys 05/25/17 09:27:56 PM
#478249   3 bil x Citi JPM GS WFC AIG Royal Dude 05/25/17 03:40:29 PM
#478248   or maybe there just isn't anything to tell us? JB3136 05/25/17 03:38:26 PM
#478247   IMO it could have, same as the JPM 173 fwh3334zeke 05/25/17 03:34:50 PM
#478245   Hopefully WMIH will announce their 2.5 % that Royal Dude 05/25/17 03:31:46 PM
#478243   Movement of $$$$$, Timing, and Players JMO Just Royal Dude 05/25/17 03:26:18 PM
#478242   What does this have to do with WMIH? JB3136 05/25/17 03:24:28 PM
#478240   That is my hope! Retirement is coming up invnewbie 05/25/17 02:21:16 PM
#478239   "If I have something on you and we stoxjock 05/25/17 02:12:11 PM
#478238   Whats is a algorithm an why you should REALtime64 05/25/17 01:25:17 PM
#478237   Impact of your vote: DocKB 05/25/17 01:19:50 PM
#478236   BBANBOB Your last paragraph really says it all. dmceng 05/25/17 01:09:53 PM
#478235   Short of just letting them know how you BBANBOB 05/25/17 01:01:13 PM
#478234   BBANBOB or Anyone on this board how are mypenneys 05/25/17 12:23:18 PM
#478232   So are the hedge funds that escrows "are austin01 05/25/17 12:02:59 PM