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WMIH Corp. (WMIH)

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WMIH and WMILT iHub Message Board                   

WMI Holdings

 

  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

 
  • 1D
  • 1M
  • 2M
  • 3M
  • 6M
  • 1Y
  • 2Y
  • 3Y
  • 5Y
WMIH
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Wiki
WMIH News: Current Report Filing (8-k) 01/12/2016 04:17:10 PM
WMIH News: Current Report Filing (8-k) 12/10/2015 05:31:23 PM
WMIH News: Prospectus Filed Pursuant to Rule 424(b)(3) (424b3) 12/10/2015 04:35:47 PM
WMIH News: Notice of Effectiveness (effect) 11/27/2015 06:01:35 AM
WMIH News: Securities Registration Statement (simplified Form) (s-3/a) 11/23/2015 05:11:46 PM
PostSubject
#442011  Sticky Note Nothing that he has posted supports the proposition mordicai 12/10/15 07:20:26 AM
#441970  Sticky Note ~ The WMIH-Corp / WMIIC Connection' Supporting Documents ~ AZCowboy 12/09/15 01:03:12 PM
#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
#445829   It is there from F&R! JB3136 02/09/16 05:31:23 PM
#445828   Suckman could not even find the 30 billion PickStocks 02/09/16 05:25:21 PM
#445827   with the all the stocks out there to duder54 02/09/16 05:22:58 PM
#445826   Hey! maybe someday this will stop being a JB3136 02/09/16 04:58:48 PM
#445825   Have it your way, not worth arguing about fwh3334zeke 02/09/16 04:51:53 PM
#445824   sure but given it looks to be mostly JB3136 02/09/16 04:40:28 PM
#445823   That not the point, buy, sell up or fwh3334zeke 02/09/16 04:38:33 PM
#445822   http://ih.advfn.com/p.php?pid=webchart&symbol=WMIH&period=0&size=19&volume=1 JB3136 02/09/16 04:32:08 PM
#445821   We all have choices about WMIH, BUY HOLD fwh3334zeke 02/09/16 03:47:34 PM
#445820   Never underestimate the power of SUSMAN !!!! Thundergulch 02/09/16 03:38:01 PM
#445819   "A lot more interest in stock today" nranger 02/09/16 03:28:38 PM
#445818   A lot more interest in stock today, as fwh3334zeke 02/09/16 02:53:55 PM
#445817   " the price is not dropping and is nranger 02/09/16 02:38:09 PM
#445816   In accumulation mode now. Boris the Spider 02/09/16 02:17:33 PM
#445812   Suckman could not find the light of day PickStocks 02/09/16 01:29:33 PM
#445811   Yes, he did a great thing...right the announcement PickStocks 02/09/16 01:28:12 PM
#445810   Its been dried up for ages. If you es1 02/09/16 01:00:12 PM
#445809   The board is drying up just like the rockie101 02/09/16 12:44:40 PM
#445808   In case you didn't know? cura asada 02/09/16 10:54:36 AM
#445807   sometimes_right Here is another fact, the market/s has t1215s 02/09/16 10:43:02 AM
#445806   sometimes_right, AGREED, it is really... bkshadow 02/09/16 10:01:16 AM
#445805   THIS IS FACT TOO...worse market start of year sometimes_right 02/09/16 09:36:19 AM
#445804   So from my experience this is a psychological jag44 02/09/16 09:18:12 AM
#445803   3 1/2 Mos short interest has doubled, Keep t1215s 02/09/16 04:57:32 AM
#445800   Pick, yes, he did, at about the same time... bkshadow 02/08/16 08:48:17 PM
#445799   What about Susman? intuitive3 02/08/16 08:44:23 PM
#445797   Doesnt need to be a dollar for an es1 02/08/16 08:22:28 PM
#445796   Court Docket: #12182 cura asada 02/08/16 08:09:05 PM
#445795   Stealing because it is down 8 cents????????????????????????? fwh3334zeke 02/08/16 07:55:39 PM
#445794   It has become more clear that no one REALtime64 02/08/16 07:48:01 PM
#445793   Thoma also bought Piers securities as well, Alot PickStocks 02/08/16 07:28:40 PM
#445792   Why not ask FDIC if JPM has tranferred PickStocks 02/08/16 07:24:02 PM
#445791   My thought as well onco 02/08/16 06:47:43 PM
#445789   shiftyshoes, look at their PIERS purchases... bkshadow 02/08/16 06:25:37 PM
#445788   Az cowboy and Lg as my hope 2221 02/08/16 05:33:18 PM
#445787   nranger, WMIH is one of hundreds of companies gjw46 02/08/16 05:09:58 PM
#445786   Either you believe in WMIH or not, remember fwh3334zeke 02/08/16 04:48:57 PM
#445785   Why does the BOD allow this stock to nranger 02/08/16 04:00:29 PM
#445782   fwh3334zeke Excuse me but " no one twisted t1215s 02/08/16 02:53:03 PM
#445781   3.5b shares with a pps of 2.40(?) they cura asada 02/08/16 02:28:36 PM
#445780   In fact, those that do talk (Rosie, Edgar, shiftyshoes 02/08/16 01:22:19 PM
#445779   The article did not mention WAMU, but it's shiftyshoes 02/08/16 12:52:57 PM
#445778   Is that your take on the article, or dennyduper 02/08/16 12:24:47 PM
#445777   "Don’t forget, that a lower PPS means more goodietime 02/08/16 12:20:21 PM
#445776   What is this "we" stuff, you don't even Reptile 02/08/16 12:09:42 PM
#445775   You've got that backwards, logically speaking. vodkadejour 02/08/16 11:59:39 AM
#445774   Ok.. bunch of criminal came to the court 2221 02/08/16 11:48:38 AM
#445773   From today's NY Post... shiftyshoes 02/08/16 11:06:22 AM
#445771   That is up to you, as I posted fwh3334zeke 02/08/16 10:57:15 AM
#445770   Escrows are the cake and WMIH will someday pm1012244448 02/08/16 10:56:06 AM
PostSubject