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WMI Holdings Corp. (WMIH)

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Last Post: 4/23/2014 12:11:57 PM - Followers: 1436 - Board type: Free - Posts Today: 22
                            FORMALLY WASHINGTON MUTUAL INC.



 This board is for discussion of Washington Mutual Inc. old ticker WAMUQ now (WMIH)


  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




                                                                       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

 WMIH 8-K Filed 4/16/12

WMIH Recent News





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WMIH News: KKR Finalizes Strategic Investment in WMI Holdings Corp. 01/31/2014 08:30:00 AM
WMIH News: KKR Finalizes Strategic Investment in WMI Holdings Corp. 01/31/2014 08:30:00 AM
WMIH News: WMI Holdings Corp. Announces Commitment by KKR for Strategic Investment 12/09/2013 08:45:00 AM
WMIH News: WMI Holdings Corp. Announces Commitment by KKR for Strategic Investment 12/09/2013 08:45:00 AM
#397110  Sticky Note WaMu Seesaws On M&A Speculation BlueeFoxx 03/24/14 04:17:07 PM
#395408  Sticky Note Section 382 is triggered when a change in BlueeFoxx 02/20/14 10:45:03 PM
#392730  Sticky Note Free L2 quotes guys ( Thanks to Dan ) xoom 12/18/13 11:28:41 AM
#391828  Sticky Note News for 'WMIH' - (WMI Holdings Corp. Announces rodster73 12/09/13 08:59:36 AM
#398546   I don't know, but it may have something sidedraft 04/23/14 12:11:57 PM
#398545   I am a shy guy. Thanks. I Adam_Selene 04/23/14 12:07:30 PM
#398544   wow side draft or Donotunderstand 04/23/14 11:50:20 AM
#398543   JWN thank you - citation based information is nice Donotunderstand 04/23/14 11:47:07 AM
#398542   sounds like a smart decision - thank you bk Donotunderstand 04/23/14 11:45:48 AM
#398541   Nice first post Mr Selene, and yes I WAMUSHAMU 04/23/14 11:43:12 AM
#398540   Thank You! WAMUSHAMU 04/23/14 11:37:42 AM
#398539   More than 7947, or so. sidedraft 04/23/14 11:35:34 AM
#398538   WMIH Security Details jwnoble3 04/23/14 11:34:38 AM
#398537   I would assume a few thousand shareholders and Adam_Selene 04/23/14 11:19:04 AM
#398536   Way too many, Hope we are KKR shareholders Royal Dude 04/23/14 11:18:32 AM
#398535   Anybody have an idea on how many shareholders WAMUSHAMU 04/23/14 10:37:46 AM
#398534   Ya how can people not see that dolts REALtime64 04/23/14 10:37:42 AM
#398533   Up up and away hey! REALtime64 04/23/14 10:36:25 AM
#398532   When is the shareholders meeting nursejeffv2 04/23/14 10:17:04 AM
#398530   GO Diamond -Guru, The king of the hill Royal Dude 04/23/14 08:36:17 AM
#398529   This noise on Piers is irrelevant and diverting Royal Dude 04/23/14 08:33:52 AM
#398528   Donot, the 2nd Lien RONS... bkshadow 04/23/14 08:16:12 AM
#398526   Personally, I do. BigBang 04/23/14 05:04:20 AM
#398525   Agreed. jhdf51 04/23/14 12:57:45 AM
#398524   Riding the lower bollie, rsi upticking.. Squeeze up tzebedee 04/22/14 11:00:08 PM
#398523   AZ - I think that brings us full WithCatz 04/22/14 08:58:48 PM
#398522   Who cares about escrow. This is WMIH. gold-nugget 04/22/14 08:30:11 PM
#398521   Tic toc.... Don't be surprised anyone if this nursejeffv2 04/22/14 08:16:43 PM
#398518   The non cash assets are what the piers castboy 04/22/14 07:10:50 PM
#398517   gold-nugget why do you and LG hint at wording Donotunderstand 04/22/14 07:03:37 PM
#398516   Lol. Its all black on white in all gold-nugget 04/22/14 06:51:39 PM
#398515   You should look outside the box sometimes Instead gold-nugget 04/22/14 06:48:05 PM
#398514   Az you are my hero, this is exactly Royal Dude 04/22/14 06:45:20 PM
#398512   Well?, .. since your personal investment strategies AZCowboy 04/22/14 05:40:20 PM
#398511   G-N Yes I never stated that the PIERS were GO4AWILDRIDE 04/22/14 05:31:32 PM
#398510   You just said the word. "Possible" but not gold-nugget 04/22/14 05:04:38 PM
#398509   My attny states LG and AZ are on gold-nugget 04/22/14 05:00:01 PM
#398507   AZ -- I'm thinking that the why I WithCatz 04/22/14 04:03:21 PM
#398506   AZ please explain the second lien Donotunderstand 04/22/14 01:23:17 PM
#398505   GO4 & Donot Thank You For your answers AZCowboy 04/22/14 12:38:10 PM
#398504   LG what does that have to do with are Donotunderstand 04/22/14 12:37:28 PM
#398503   Donot, you REALLY DO NOT understand. I have Large Green 04/22/14 12:25:54 PM
#398502   Go4 Exactly And such purchase is not an anti common Donotunderstand 04/22/14 12:22:03 PM
#398501   AZ I bought WAHUQ's after the major drop in GO4AWILDRIDE 04/22/14 12:19:58 PM
#398500   AZ I have H claims Donotunderstand 04/22/14 12:18:25 PM
#398499   LG You can not stand by your word? Donotunderstand 04/22/14 12:08:30 PM
#398498   Catz .. I may have a solution AZCowboy 04/22/14 11:53:22 AM
#398495   LG, i don't have a clue on how carguy64 04/22/14 10:27:24 AM
#398494   LG -- I understand more of your 'opinion'. WithCatz 04/22/14 08:12:32 AM
#398493   Again, the case has twisted and turned for Large Green 04/22/14 07:57:09 AM
#398492   Youdounderstand...really. Great post. Seriously. bkshadow 04/22/14 07:36:51 AM
#398491   Large Green Donotunderstand 04/22/14 03:54:31 AM
#398490   Thank you Donotunderstand 04/22/14 03:34:33 AM
#398489   AZ If the last assets are distributed and when Donotunderstand 04/22/14 03:21:45 AM