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Last Post: 7/22/2017 12:03:04 AM - Followers: 1556 - 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. 


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"

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SEC Filings for WMIH  
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WMIH News: Current Report Filing (8-k) 07/07/2017 04:17:28 PM
WMIH News: Small Company Offering and Sale of Securities Without Registration (d) 06/13/2017 06:02:28 AM
WMIH News: Initial Statement of Beneficial Ownership (3) 06/12/2017 04:04:35 PM
WMIH News: Current Report Filing (8-k) 06/09/2017 04:17:25 PM
WMIH News: Current Report Filing (8-k) 06/06/2017 04:21:46 PM
#483009   ? NoTuck 07/22/17 12:03:03 AM
#478693  Sticky Note 2017 Annual meeting archive will be available until Evintos 06/01/17 05:40:22 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
#483008   Never answered my question about A & M fwh3334zeke 07/21/17 11:38:26 PM
#483007   Importantly, we did not acquire the assets or liabilities UpTickMeASAP 07/21/17 11:35:08 PM
#483006   PROOF from a JPM document*** that PROVES there Large Green 07/21/17 10:52:55 PM
#483005   Fantasyland? No a white flag means after nine gg4 07/21/17 10:46:44 PM
#483004   Is A & M & DB TRUSTS fantasy? fwh3334zeke 07/21/17 10:45:46 PM
#483002   "in the realm of reality", WMI, you had fwh3334zeke 07/21/17 10:33:29 PM
#483001   White flag means "LAST LAP"!!Tic tock gg4 07/21/17 10:30:50 PM
#483000   "mattchew, there was a bankruptcy..." wowalters 07/21/17 10:27:09 PM
#482998   The following may explain the misunderstanding of why Large Green 07/21/17 10:19:13 PM
#482997 tpg 07/21/17 09:42:54 PM
#482996   Delaware BK System-Large Cases-Kmart Now WaMu Large Green 07/21/17 09:33:47 PM
#482995   There appears to be no support for alt-post... bkshadow 07/21/17 09:23:47 PM
#482994   mattchew, citing Court records and documents... bkshadow 07/21/17 09:13:33 PM
#482993   mattchew, there was a bankruptcy... bkshadow 07/21/17 09:08:13 PM
#482991   Keep posting BKS! mattchew 07/21/17 08:43:27 PM
#482989   Here's the latest quarter... sillyinvestor 07/21/17 08:24:33 PM
#482985   Wrong! mattchew 07/21/17 07:57:33 PM
#482984   Has LT billed or been billed that kind austin01 07/21/17 07:37:12 PM
#482983   No he is not. He is a forensic accountant! BigBang 07/21/17 07:11:23 PM
#482980   Released?? fwh3334zeke 07/21/17 06:13:43 PM
#482975   ItsMyOption, NO, WMI (nor WMIIC) owned any DB... bkshadow 07/21/17 05:05:56 PM
#482974   Here is the latest document. $34 billion as Philborn27 07/21/17 05:00:52 PM
#482973   Geeeeezzzz... up a nickle diamondguru-one 07/21/17 04:49:36 PM
#482966   NO and NO for the 10,000th time BBANBOB 07/21/17 03:29:30 PM
#482963   you are right Donotunderstand 07/21/17 02:52:45 PM
#482961   LOL! Thanks! Very helpful! Juschilln 07/21/17 02:20:02 PM
#482960   yes....ton"s......anyday diamondguru-one 07/21/17 02:18:56 PM
#482959   $175 2018 !!!! TIC TOC !!! diamondguru-one 07/21/17 02:17:03 PM
#482958   Does anyone know how much we're getting for Juschilln 07/21/17 02:16:58 PM
#482957   Does anyone know how much is in the ItsMyOption 07/21/17 02:09:23 PM
#482955   Yep, and you're still checking. dennyduper 07/21/17 01:44:34 PM
#482954   Does anyone know how much is in the Philborn27 07/21/17 01:35:08 PM
#482953   Wow!!, this POS still trading? wamugold 07/21/17 01:29:15 PM
#482949   Bloody day for this POS tomorrow, huge sell diamondguru-one 07/21/17 01:02:02 PM
#482948   you guys said we will get paid Sept. rockie101 07/21/17 12:34:27 PM
#482947   And don't forget that THM set her schedule already. garyhalvo 07/21/17 12:19:29 PM
#482946   If they could drag this out to 2118 hotmeat 07/21/17 12:14:34 PM
#482943   AHHHHHHHHHHH OK, so you mean like BBANBOB 07/21/17 11:45:19 AM
#482942   Might be, but Dr. Acharya also a economist fwh3334zeke 07/21/17 11:43:54 AM
#482941   All you would ever want to know Donotunderstand 07/21/17 11:40:43 AM
#482940   what happens September 18? Donotunderstand 07/21/17 11:39:19 AM
#482938   They say that price precedes news, & above fwh3334zeke 07/21/17 11:36:04 AM
#482936   Any news why the price jumped? yellow_seiko 07/21/17 11:32:00 AM
#482932   POSSIBLE ........An escrow is: Bill48 07/21/17 10:58:52 AM
#482931   two upticks in one day! wow. JB3136 07/21/17 10:57:21 AM
#482930   By the LT or Bankruptcy Court in an hotmeat 07/21/17 10:52:19 AM
#482928   Interesting.... who holds the funds? Bill48 07/21/17 10:47:24 AM
#482927   From the remnants of the "Bankruptcy Estate" that hotmeat 07/21/17 10:21:23 AM
#482925   The shadow states from the liquidating trust, I fwh3334zeke 07/21/17 10:09:00 AM