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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. 


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.


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
Current Price
Bid Ask Day's Range
WMIH News: OTC Markets Group Congratulates WMIH Corp. on NASDAQ Listing 09/29/2015 03:08:00 PM
WMIH News: Current Report Filing (8-k) 09/24/2015 04:11:33 PM
WMIH News: Securities Registration (section 12(b)) (8-a12b) 09/23/2015 03:32:38 PM
WMIH News: Current Report Filing (8-k) 09/10/2015 05:23:10 PM
WMIH News: Current Report Filing (8-k) 08/10/2015 05:03:27 PM
#436884  Sticky Note News on NASDAQ-Listing Kryo 09/29/15 03:12:35 PM
#432966  Sticky Note The RELEASED CLAIMS LANGUAGE - Parsed... bkshadow 08/19/15 07:22:42 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
#437289   uses his head that's why.... diamondguru-one 10/04/15 03:14:43 PM
#437288   IMO, There is a 'certain story' that needs goodietime 10/04/15 02:59:40 PM
#437287   AZcowboy, great explanation and thank you for posting. Large Green 10/04/15 02:29:33 PM
#437286   KKR's Interested... distrojunky 10/04/15 02:29:24 PM
#437285   ... So, This is Where I Am At ... AZCowboy 10/04/15 02:26:19 PM
#437284   KKR in now on the BOD... distrojunky 10/04/15 02:20:35 PM
#437283   Thank you Trade and you said the following Large Green 10/04/15 02:16:07 PM
#437282   ... Cura, - Yes, - in Response ... AZCowboy 10/04/15 02:15:42 PM
#437281   Thank you LG. Listening to all the Escrow Tradeinman 10/04/15 02:08:01 PM
#437280   If that was the plan all along why wamugold 10/04/15 02:05:18 PM
#437279   MORE than coincidental ETRADE prompted review/updating of contact sometimes_right 10/04/15 02:05:09 PM
#437278   Trade, yes, I have been meaning to email Large Green 10/04/15 01:59:44 PM
#437277   Yes in everyone of these penny plays. Lol. Tradeinman 10/04/15 01:51:09 PM
#437276   hate that feeling ,DON'T YOU BBANBOB 10/04/15 01:44:23 PM
#437275   Boris just how in the world do you rockie101 10/04/15 01:36:27 PM
#437274   Piers were paid differently, hence LG's stance. Commons Tradeinman 10/04/15 01:10:27 PM
#437273   Thanks LG cura asada 10/04/15 01:01:18 PM
#437272   took a hard look at a statement Donotunderstand 10/04/15 01:00:12 PM
#437271   LG - I agree and continue to accumulate WAMULICIOUS 10/04/15 12:58:51 PM
#437270   just asking,how many stocks go from otc to gg4 10/04/15 12:55:20 PM
#437269   cura, it has been my opinion for a Large Green 10/04/15 12:54:55 PM
#437268   Thanks, Donot. clawmann 10/04/15 12:50:50 PM
#437267   wherever you get their mail Donotunderstand 10/04/15 12:48:07 PM
#437266   May I ask what has this to do fwh3334zeke 10/04/15 12:42:03 PM
#437265   Stockminder 10/04/15 12:36:32 PM
#437264   LG, AZ, Tanj, Boardd, BK, Catz,,,,,,,, your thought please?. cura asada 10/04/15 12:18:45 PM
#437263   fill my account now please.................... diamondguru-one 10/04/15 12:01:31 PM
#437262   LTI distributions must go direct into accounts. Boris the Spider 10/04/15 11:58:17 AM
#437261   Well said,I must say onco 10/04/15 11:55:30 AM
#437260   LG/Spot, once more brilliant as ever !!! muyuan51 10/04/15 11:03:34 AM
#437259   Not is all cases. Some of the markers Tradeinman 10/04/15 10:56:44 AM
#437258   My understanding is that we would receive a investorhub123 10/04/15 10:46:26 AM
#437256   P dm57 10/04/15 09:47:38 AM
#437255   SO ALL IN ALL the point here is BBANBOB 10/04/15 09:30:22 AM
#437254   Wamulicious, you said the following that I concur Large Green 10/04/15 09:15:07 AM
#437253   Contact mordicai 10/04/15 08:07:01 AM
#437252   Concerning a possible LT distribution to current escrow clawmann 10/04/15 05:09:53 AM
#437251   forget FDC like CPMK or some other "super-expert" muyuan51 10/04/15 04:16:38 AM
#437250   FDC-WMIH Merger deekshant 10/04/15 03:46:19 AM
#437249   BK....."THREE QUESTIONS" (1)What is your thought on the soundincrest 10/04/15 12:16:37 AM
#437248   I don't pay much attention to those escrows JB3136 10/03/15 11:24:46 PM
#437247   And it is still open until 2018. fwh3334zeke 10/03/15 11:22:39 PM
#437245   Same here and tired a waiting to find JB3136 10/03/15 10:14:45 PM
#437244   welcome to the world of stock investing. IMO fwh3334zeke 10/03/15 10:12:07 PM
#437243   Im tired of being poor and WMIH not helping!! wamugold 10/03/15 09:32:46 PM
#437242   I see your point. KKR wants to wamutrader 10/03/15 09:30:11 PM
#437239   The release language requires no parsing. It's clearly Desperado90 10/03/15 06:27:37 PM
#437238   What is "dark matter"? LOL Who knows? Any Bizreader 10/03/15 05:53:29 PM
#437232   How about exdimer, or bkshadow addressing this theory; zeus_0100 10/03/15 01:29:55 PM
#437231   Hope KKR already did before the First Dada Royal Dude 10/03/15 01:25:20 PM