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WMI Holdings Corp. (WMIH)

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Last Post: 10/22/2014 6:52:49 PM - Followers: 1440 - Board type: Free - Posts Today: 54


                                       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) 10/09/2014 05:00:57 PM
WMIH News: Current Report Filing (8-k) 09/10/2014 05:01:41 PM
WMIH News: Current Report Filing (8-k) 08/08/2014 05:02:00 PM
WMIH News: Quarterly Report (10-q) 08/08/2014 04:06:32 PM
#406266  Sticky Note The CHARADE and CONSEQUENCES - Updated bkshadow 10/07/14 07:56:46 AM
#404493  Sticky Note Companies with "Hidden" Assets on their Balance Sheets ... W3Research 09/09/14 11:50:36 PM
#402890  Sticky Note The Plan, The Trade Off and DOJ Settlement deekshant 08/06/14 01:39:05 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
#407355   It is not that the fees are unreal PickStocks 10/22/14 06:52:49 PM
#407354   But she got over it, in time. hardasset 10/22/14 06:24:05 PM
#407353   hotmeat, IMHO, you are exactly correct because one Large Green 10/22/14 06:19:51 PM
#407352   Makes sense because when Justin Nelson kept mentioning hotmeat 10/22/14 06:00:33 PM
#407351   Hi Adam iPrelude 10/22/14 03:24:36 PM
#407350   EXCELLENT POST REGARDING SHIELDING/HIDING ASSETS by David West Large Green 10/22/14 02:24:59 PM
#407346   Well could be…BTW..didn't mean you were upset now jhdf51 10/22/14 01:06:14 PM
#407344   If $1 billion is eventually distributed to former clawmann 10/22/14 12:38:59 PM
#407343   Nothing indicates that. WithCatz 10/22/14 12:31:56 PM
#407342   what I see Donotunderstand 10/22/14 12:11:30 PM
#407341   I can look up Donotunderstand 10/22/14 12:07:23 PM
#407340   Many people got checks around the first part sidedraft 10/22/14 12:03:50 PM
#407338   David Not getting into the detail Donotunderstand 10/22/14 12:00:18 PM
#407337   Lying on purpose on a website would surprise Donotunderstand 10/22/14 11:57:02 AM
#407336   huh ? Donotunderstand 10/22/14 11:53:27 AM
#407335   That is funny. pm1012244448 10/22/14 11:41:54 AM
#407334   Apparently you didn't get the context of my hotmeat 10/22/14 11:29:14 AM
#407333   Catz will the P escrow get at least rockie101 10/22/14 11:22:25 AM
#407332   The lawyers need to accept the truth next! Bizreader 10/22/14 11:05:05 AM
#407331   PIERS question once again. I need help for Adam_Selene 10/22/14 10:20:40 AM
#407330   Bob still on the side of mucho $, Royal Dude 10/22/14 10:20:39 AM
#407329   And all need to be willing and able BBANBOB 10/22/14 10:11:13 AM
#407328   The truth will set us free from this. Royal Dude 10/22/14 10:09:39 AM
#407327   David, readers here will certainly appreciate your candor, Large Green 10/22/14 10:04:56 AM
#407324   I'm not getting the 'theory' that the original BBANBOB 10/22/14 09:54:22 AM
#407323   WithCatz – David West 10/22/14 09:52:17 AM
#407322   Looking for $WMIH to up list. I haven't UpTickMeASAP 10/22/14 09:51:54 AM
#407321   Catz, {Plus, as a side note, WMB then has distrojunky 10/22/14 09:44:31 AM
#407319   TM, that is my Two Cents also ... This W3Research 10/22/14 08:54:47 AM
#407318   Not upset at all jhd. I don't agree wowalters 10/22/14 08:47:55 AM
#407317   Thoughts on WMIH? Large Green 10/22/14 08:41:27 AM
#407316   hotmeat, the bankruptcy case is over according to Large Green 10/22/14 08:21:43 AM
#407315   The WMILT litigation scope is clear... bkshadow 10/22/14 08:17:16 AM
#407314   Other than three unopposed lines... bkshadow 10/22/14 08:14:06 AM
#407313   hotmeat, the case is over... bkshadow 10/22/14 08:06:08 AM
#407311   shiftyshotes Sussy and WillyJam... bkshadow 10/22/14 08:02:12 AM
#407310   tanja -- and obviously you aren't noticing that WithCatz 10/22/14 07:21:08 AM
#407309   Obviously you didn't read the list of questions tanjazielman 10/22/14 07:19:16 AM
#407308   David -- I think I missed the part WithCatz 10/22/14 07:15:56 AM
#407307   Discusson - Legally Hiding Assets in Bankruptcy: Large Green 10/22/14 06:57:11 AM
#407306   W3 -- I think we're talking at least WithCatz 10/22/14 06:03:22 AM
#407305   Old equity never dies ,it just fades away t1215s 10/22/14 03:28:04 AM
#407304   I don't know but I do know this jhdf51 10/22/14 02:51:20 AM
#407301   I ask again, when will the Depositions start? ... W3Research 10/21/14 10:58:28 PM
#407300   HM, Nice Info! ... W3Research 10/21/14 10:45:06 PM
#407299   Catz has already said that he believes that ReikoBlack 10/21/14 10:42:32 PM
#407298   My previous posts don't prove anything but what hotmeat 10/21/14 10:39:59 PM
#407297   "PennyMac claimed that the FDIC assigned the loan hotmeat 10/21/14 10:35:17 PM
#407296   "Confirming, under oath and in print what we hotmeat 10/21/14 10:27:25 PM