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Last Post: 4/23/2017 10:21:58 AM - Followers: 1544 - Board type: Free - Posts Today: 8

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.


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

Mar 24, 2015 Press
WMI Liquidating Trust - "WMI Liquidating Trust Provides Information On Escrow CUSIPs"

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WMIH News: Additional Proxy Soliciting Materials (definitive) (defa14a) 04/19/2017 04:22:37 PM
WMIH News: Proxy Statement (definitive) (def 14a) 04/19/2017 04:19:33 PM
WMIH News: Current Report Filing (8-k) 04/06/2017 04:17:05 PM
WMIH News: Current Report Filing (8-k) 03/21/2017 12:02:00 PM
WMIH News: Current Report Filing (8-k) 03/14/2017 04:56:47 PM
#474690  Sticky Note Highlights of conference call March 21, 2017: Evintos 03/21/17 11:03:20 AM
#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
#476674   Yes, As you explained that's how the 75% stoxjock 04/23/17 10:21:58 AM
#476673   LOL, maybe they announce May 26 Memorial Day weekend. wamugold 04/23/17 10:10:34 AM
#476672   BINGO!!!!!!!!!!!!!!!!!!!!!!! And when two people read the same BBANBOB 04/23/17 09:15:26 AM
#476671   We don't know what's going to land on 2221 04/23/17 08:41:38 AM
#476670   Thats 100% true large green.The 75/25 aplies to Olti100 04/23/17 04:27:06 AM
#476669   Eugenes spill the beans creyno58 04/23/17 03:15:28 AM
#476668   You forgot to include the Reits with the hotmeat 04/23/17 12:47:31 AM
#476667   Exactly right! As we know, APR was dispensed hotmeat 04/23/17 12:29:10 AM
#476666   Quote..."Four, ... and the most unpopular, misunderstood and hotmeat 04/22/17 11:56:23 PM
#476665   The P's were based on $1000, for ever fwh3334zeke 04/22/17 11:40:06 PM
#476664   Unless they getting rid of Eugene Davis because wamugold 04/22/17 11:11:20 PM
#476663   "Isn't that consider unjust enrichment??" goodietime 04/22/17 09:47:14 PM
#476662   "The removal of the Absolute Priority Rule (APR) goodietime 04/22/17 09:39:38 PM
#476661   es, goodietime 04/22/17 09:31:45 PM
#476660   Wow put in simple terms EOM nadodude 04/22/17 08:49:16 PM
#476659   I got hundreds of thousands of common shares wamugold 04/22/17 08:45:37 PM
#476658   75% and 25% distribution goes as follows: nadodude 04/22/17 08:41:39 PM
#476657   A better way to think - Bizreader 04/22/17 08:36:01 PM
#476654   I still maintain my prediction less than 50 wamugold 04/22/17 07:51:36 PM
#476652   EXACTLY... It is WAMUGOLD who wants "UNJUST Enrichment" while stoxjock 04/22/17 07:38:39 PM
#476651   Have you RUN THE NUMBERS HERE if that BBANBOB 04/22/17 07:31:28 PM
#476650   LG • If this goes down where ONLY Preferred BBANBOB 04/22/17 07:26:17 PM
#476649   So you think preferreds getting 5 to 10 wamugold 04/22/17 07:19:45 PM
#476648   BBANBOB, let us look at the actual August Large Green 04/22/17 07:17:54 PM
#476647   Can't have it BOTH WAYS CAN THEY BBANBOB 04/22/17 07:00:45 PM
#476645   Is doesn't appear that escrow holders have the austin01 04/22/17 06:51:37 PM
#476644   BUT THE FACT that Preferreds & Commons were stoxjock 04/22/17 06:50:27 PM
#476643   So when, at the latest, will escrow holders austin01 04/22/17 06:44:00 PM
#476642   "the 75% / 25% distribution ... is not stoxjock 04/22/17 06:36:32 PM
#476641   Would any distributions to Escrow holders holders be daulton 04/22/17 06:27:48 PM
#476640   ~ ItsMyOption, Oh Sure, Quite Easily ~ AZCowboy 04/22/17 06:19:23 PM
#476639   Thanks for update, AZ and clarification. Do you ItsMyOption 04/22/17 05:59:17 PM
#476638   ~ It Has Been About The Necessary Releases AZCowboy 04/22/17 05:55:34 PM
#476637   Will escrow holders finally learn their fate by 2018? austin01 04/22/17 05:49:50 PM
#476636   AGAIN, I have to remind you daily I fwh3334zeke 04/22/17 05:49:45 PM
#476635   ~ The Actual Process ? Doesn't Work AZCowboy 04/22/17 05:42:00 PM
#476634   If the riches u speak off come our wamugold 04/22/17 05:30:09 PM
#476633   Commons better not cry IF CASH doesn't flow sometimes_right 04/22/17 05:24:41 PM
#476632   Im glad I did not listen to the wamugold 04/22/17 05:02:30 PM
#476629   ~ Guys, This ? Is Where Our Views AZCowboy 04/22/17 04:40:22 PM
#476628   My View: 75/25 To Very End - NO Large Green 04/22/17 04:03:52 PM
#476627   You hit the Nail on the Head... The stoxjock 04/22/17 02:56:08 PM
#476626   Disapointing is and will be for all the Olti100 04/22/17 01:57:05 PM
#476625   Remember wamuq'd? His DD videos and his online es1 04/22/17 01:53:24 PM
#476623   I tend to agree with your post. I es1 04/22/17 01:45:11 PM
#476621   NOT at A&M, can you prove other wise? fwh3334zeke 04/22/17 11:52:28 AM
#476620   There is no hen house to protect, that's wamugold 04/22/17 10:59:48 AM
#476619   BBANBOB in ref to t1215s 04/22/17 07:17:01 AM
#476617   Yes Mr. Dine, and it's sooooo easy. Perfection wowalters 04/21/17 09:12:52 PM
#476616   Another zero day REALtime64 04/21/17 09:08:19 PM