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WMI Holdings Corp. (WMIH)

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Last Post: 3/26/2015 6:15:38 PM - Followers: 1449 - Board type: Free - Posts Today: 91

WMIH and WMILT iHub Message Board                   

                         WMI Holdings

WMI Holdings Announces Pricing Of Private Offering Of 600,000 Shares Of 3.00% Series B Convertible Preferred Stock

Link to above:   http://www.prnewswire.com/news-releases/wmi-holdings-announces-pricing-of-private-offering-of-600000-shares-of-300-series-b-convertible-preferred-stock-300012701.html


                                       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.

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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

FDIC and JPM Colluded to Steal WAMU:


  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 






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  • 6M
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Current Price
Bid Ask Day's Range
WMIH News: Independent Research Initiates Analyst Coverage on Inventergy Global, Inc. (NASDAQ: INVT) with $1.20 Price Target 03/12/2015 08:00:00 AM
WMIH News: Current Report Filing (8-k) 03/10/2015 05:01:54 PM
WMIH News: Proxy Statement (definitive) (def 14a) 03/09/2015 05:22:05 PM
WMIH News: Proxy Statement - Notice of Shareholders Meeting (preliminary) (pre 14a) 02/27/2015 06:42:06 PM
WMIH News: Current Report Filing (8-k) 02/27/2015 05:56:54 PM
#416464  Sticky Note KKR Preferred deal jhdf51 03/09/15 05:29:07 PM
#411004  Sticky Note EXCELLENT TIME TO READ FDIC-R MANDATE... bkshadow 12/27/14 04:49:27 PM
#410501  Sticky Note Would someone please put this past Fridays news t1215s 12/22/14 06:50:03 AM
#404493  Sticky Note Companies with "Hidden" Assets on their Balance Sheets ... W3Research 09/09/14 11:50:36 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
#418326   Thanks for the update travelmile1 03/26/15 06:28:29 PM
#418324   next week = MOOOOONNEEEEEEYYYYYYY!!! wamugold 03/26/15 06:10:14 PM
#418323   Sorry thought it was one and the same Royal Dude 03/26/15 05:40:25 PM
#418322   TPG, not TPS JusticeWillWin 03/26/15 05:36:09 PM
#418321   I said TPG and you mean TPS, don't JusticeWillWin 03/26/15 05:35:11 PM
#418320   JWW, Good Idea. Will-Do. W3Research 03/26/15 05:32:02 PM
#418319   BKS, Work In Progress ... W3Research 03/26/15 05:31:01 PM
#418318   Then please correct it to WMILT, there is JusticeWillWin 03/26/15 05:30:53 PM
#418317   Could someone CORRECT the NEW iHUB TITLE? bkshadow 03/26/15 05:29:06 PM
#418316   Yes & as I understand all court cases fwh3334zeke 03/26/15 05:22:45 PM
#418315   So I can expect a few more WMIH investorhub123 03/26/15 05:20:14 PM
#418314   Great diligence and thank you Bo. Large Green 03/26/15 05:18:00 PM
#418313   Escrow markers will be replaced with LTIs and Large Green 03/26/15 05:07:51 PM
#418312   Initially I thought that, but then I thought Roach58 03/26/15 05:06:58 PM
#418311   LG, While you're at it ... W3Research 03/26/15 05:05:43 PM
#418310   Yes and great memory...thank you W3R Large Green 03/26/15 05:03:02 PM
#418309   Thought he did after they raised it to Royal Dude 03/26/15 04:57:07 PM
#418308   Could it be Bonderman (TPG) who didn't sign JusticeWillWin 03/26/15 04:48:45 PM
#418307   Equity is in the money already... UncleBo 03/26/15 04:38:44 PM
#418306   LG, Was this what you were looking for? ... W3Research 03/26/15 04:34:08 PM
#418305   LG if we lose are markers and they mypenneys 03/26/15 04:25:32 PM
#418304   BBANBOB/// According to Jolley’s counsel, the FDIC t1215s 03/26/15 04:24:17 PM
#418303   YOU WERE ALWAYS DOWN DUDE BBANBOB 03/26/15 04:14:32 PM
#418302   Ahhhh very interesting travelmile1 03/26/15 03:37:32 PM
#418301   Lol travelmile1 03/26/15 03:31:38 PM
#418300   Oh my god soo much news coming out!!! travelmile1 03/26/15 03:28:30 PM
#418299   Correct he wants all the i's and t's travelmile1 03/26/15 03:24:01 PM
#418298   investor, If assets are monetized LTI will be issued. UncleBo 03/26/15 03:10:38 PM
#418297   my recollection is the pfd shares convert at betahighlander 03/26/15 02:52:33 PM
#418296   Tell me more about KKR and 2.25 price. rockie101 03/26/15 02:48:19 PM
#418295   I thought the same thing. weighted average betahighlander 03/26/15 02:46:16 PM
#418294   Exactly. clawmann 03/26/15 02:37:04 PM
#418293   Yes, and this fraud and corruption is ALL Large Green 03/26/15 02:29:26 PM
#418292   Hey LG, how's things? Did you ever garyhalvo 03/26/15 02:27:54 PM
#418291   One could have taken ALL of retails votes, Large Green 03/26/15 02:19:46 PM
#418290   And now you know why the Books and investorhub123 03/26/15 02:18:48 PM
#418289   That was the reason I was against going fwh3334zeke 03/26/15 02:14:43 PM
#418288   It seems, Mains is taking the position of elephantstomp 03/26/15 02:06:02 PM
#418287   travelmile, this person could be working with this Large Green 03/26/15 02:03:10 PM
#418286   Good to see someone else posting similar thoughts elephantstomp 03/26/15 01:53:54 PM
#418285   So will a "new marker" replace our escrow elephantstomp 03/26/15 01:52:02 PM
#418284   Get it? FDIC guy doesn't want to pay mortgage... bkshadow 03/26/15 01:50:59 PM
#418283   Agree, finally bks is getting it travelmile1 03/26/15 01:29:40 PM
#418282   Yes that's the way I look at all jhdf51 03/26/15 01:26:27 PM
#418281   Hm? the_pyramid 03/26/15 01:13:13 PM
#418280   Doesn´t matter... At the moment. the_pyramid 03/26/15 01:10:18 PM
#418278   No...they don't have a target price they can rockie101 03/26/15 01:08:23 PM
#418277   How convenient, Bid Price is $2.25.......Is the warrant soundincrest 03/26/15 01:00:41 PM
#418276   You need to borrow LG's decoder ring because PickStocks 03/26/15 12:59:49 PM
#418275   ".but the posit will be Suckman is behind PickStocks 03/26/15 12:53:42 PM