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WMI Holdings Corp. (WMIH)

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Last Post: 7/28/2014 6:00:15 PM - Followers: 1437 - Board type: Free - Posts Today: 17


                                       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.




  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

 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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Current Price
Bid Ask Day's Range
WMIH News: Current Report Filing (8-k) 07/10/2014 05:01:17 PM
WMIH News: Small Company Offering and Sale of Securities Without Registration (d) 06/16/2014 05:59:00 AM
WMIH News: Current Report Filing (8-k) 06/10/2014 05:00:58 PM
WMIH News: Current Report Filing (8-k) 06/10/2014 04:39:04 PM
WMIH News: Statement of Changes in Beneficial Ownership (4) 06/06/2014 03:34:54 PM
#402115  Sticky Note Admins, can you sticky this post? bkshadow 07/21/14 05:40:39 PM
#402113  Sticky Note Admins, can you sticky this post please: tanjazielman 07/21/14 05:16:28 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
#391828  Sticky Note News for 'WMIH' - (WMI Holdings Corp. Announces rodster73 12/09/13 08:59:36 AM
#402429   I thought it was "even a blind squirrel BlueeFoxx 07/28/14 06:00:15 PM
#402428   nranger, once we get past 8/1 and we Large Green 07/28/14 04:45:20 PM
#402427   Large, I'm with you based on your research nranger 07/28/14 04:21:25 PM
#402426   LG, Your comments here made me dig into the Docsavag 07/28/14 04:20:15 PM
#402425   Good point made on wmihsafe FB board (credits tanjazielman 07/28/14 04:17:07 PM
#402424   Olti, where I mark LARGE DOLLARS, keep in Large Green 07/28/14 03:56:33 PM
#402423   WHI Holdings web site up: rainbow1111 07/28/14 03:13:17 PM
#402422   All the while the members of the BOD MikeJones8 07/28/14 03:06:25 PM
#402421   I don't know how anybody could be right nranger 07/28/14 02:24:31 PM
#402420   Can you be more clear of what you Olti 07/28/14 02:19:07 PM
#402419   That is a fact, she has been 100% vodkadejour 07/28/14 01:47:13 PM
#402417   Does anyone know who or anything about the gold-nugget 07/28/14 12:49:36 PM
#402416   Thanks LG nursejeffv2 07/28/14 11:44:44 AM
#402415   Another review of what goes to WMI Entities: Large Green 07/28/14 09:01:24 AM
#402414   The problem remain Boris-What is Sussy going to Olti 07/28/14 03:03:11 AM
#402413   The FDIC has to make this right. Boris the Spider 07/28/14 01:22:37 AM
#402412   WTF you are talking about? This is old news Zalviny 07/27/14 11:45:42 PM
#402411   Even a blind guy throwing darts can hit creyno58 07/27/14 11:35:10 PM
#402410   >>WMIH REPORT<< HotStockAce 07/27/14 10:48:30 PM
#402409   I believe Sierra is batting .000 in her investorhub123 07/27/14 10:15:57 PM
#402408   Jesus, NOT AGAIN!! wamugold 07/27/14 07:22:06 PM
#402407   Worthless spam JB3136 07/27/14 06:38:33 PM
#402406   @SierraEquity: $WMIH Confirmation from American Coastal Insurance Company gold-nugget 07/27/14 05:55:26 PM
#402405   The winds are changing! With so much due Large Green 07/27/14 01:32:18 PM
#402400   Your wrong the FDIC has to straighten this up. wowalters 07/25/14 08:08:46 PM
#402399   I hope we're getting closer. BigBang 07/25/14 06:56:05 PM
#402398   You always have been and Don as well :) Royal Dude 07/25/14 06:42:57 PM
#402397   How about a Big Bang !! I tzebedee 07/25/14 06:18:01 PM
#402396   This appears to be for United Central Bank, distrojunky 07/25/14 05:37:27 PM
#402395   Im on the same page.. jhdf51 07/25/14 05:23:24 PM
#402393   Thank you both LG and drrugby. This is Royal Dude 07/25/14 03:52:06 PM
#402392   FDICK won't give in a penny Zalviny 07/25/14 03:33:24 PM
#402391   I will repost drrugby's post for clarification and Large Green 07/25/14 03:20:35 PM
#402390   I'm a pre holder as well. Zalviny 07/25/14 02:39:11 PM
#402389   I'm thinking about the same thing. Who the Zalviny 07/25/14 02:38:17 PM
#402388   KKR/KFN? and then it turns out boarddork 07/25/14 02:36:29 PM
#402387   The problem or benefit is you can not Royal Dude 07/25/14 02:33:44 PM
#402386   I agree! Fk um! LOL! Juschilln 07/25/14 01:44:28 PM
#402385   Ugh.. Agreed. Pre holders of size, I empathize UpTickMeASAP 07/25/14 01:40:36 PM
#402384   I agree with you that no one on BigBang 07/25/14 01:33:57 PM
#402383   You're so right. I tend to get Juschilln 07/25/14 01:22:18 PM
#402382   Just for review aladin61 07/25/14 11:47:38 AM
#402381   I am a preholder, and i have lost jckofalltrds 07/25/14 11:35:40 AM
#402380   Calling the Kettle Black? LOL fixedops 07/25/14 11:34:14 AM
#402378   $15.00! That means, on or around Oct Juschilln 07/25/14 11:08:44 AM
#402376   Nope. :) WithCatz 07/25/14 10:00:33 AM
#402375   Do wmb bond holders have a cap? Capone_ 07/25/14 09:48:27 AM
#402374   Nor did Diamond guru 2x was based on Royal Dude 07/25/14 09:46:22 AM
#402371   If these assets that are to be released kilshaw 07/25/14 08:56:09 AM
#402369   Just two months or 62 days to the KentS 07/25/14 08:48:23 AM