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WMIH Corp. (WMIH)

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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. 


PURCHASE AND ASSUMPTION AGREEMENT

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.
WITH SHAREHOLDERS INTACT


WASHINGTON MUTUAL EMERGES FROM BANKRUPTCY ON 3/19/12
 
WMI STARTS TRADING UNDER NEW TICKER (WMIH) 3/28/12


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
WMIH
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WMIH News: Current Report Filing (8-k) 09/09/2016 04:18:01 PM
WMIH News: Current Report Filing (8-k) 08/11/2016 04:17:32 PM
WMIH News: Quarterly Report (10-q) 08/05/2016 04:20:52 PM
WMIH News: Current Report Filing (8-k) 07/11/2016 04:11:47 PM
WMIH News: WMIH Corp. Joins Russell 2000® Index 06/28/2016 08:00:00 AM
PostSubject
#442011  Sticky Note Nothing that he has posted supports the proposition mordicai 12/10/15 07:20:26 AM
#441970  Sticky Note ~ The WMIH-Corp / WMIIC Connection' Supporting Documents ~ AZCowboy 12/09/15 01:03:12 PM
#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
#463576   OH BOY....million and quarter shares traded and we rockie101 09/30/16 12:30:25 PM
#463575   Is that a 'Legal Document'? Or just something goodietime 09/30/16 11:48:56 AM
#463574   I also miss Great Western Bank that Wamu cura asada 09/30/16 11:43:26 AM
#463573   IMHO, it looks like they bought the highlighted. cura asada 09/30/16 11:32:38 AM
#463572   Wehre is tue WaMu Asset Acceptance Corp.? I JusticeWillWin 09/30/16 11:32:21 AM
#463571   Has WMI been given power of attorney? Boris the Spider 09/30/16 11:27:19 AM
#463570   Whete did you get this HOM document? kevins131 09/30/16 11:20:48 AM
#463569   JPMorgan Chase Bank, NA cura asada 09/30/16 11:11:27 AM
#463567   The term successor in interest means a successor UncleBo 09/30/16 10:37:20 AM
#463566   No need. Your link cites a mordicai 09/30/16 10:35:28 AM
#463564   This article, imo, explains why JPM Chase wants Bizreader 09/30/16 10:33:05 AM
#463562   Check out that volume this AM... chimaster 09/30/16 10:31:01 AM
#463561   As a successor one would likely have power Bizreader 09/30/16 10:22:08 AM
#463559   I see an article about an “successors and chimaster 09/30/16 10:17:44 AM
#463557   I have not said a word about power mordicai 09/30/16 10:14:08 AM
#463555   http://www.adamsdrafting.com/the-successors-and-assigns-provision-and-successor- mordicai 09/30/16 10:08:08 AM
#463554   Show me that definition of "successor in interest" chimaster 09/30/16 10:03:17 AM
#463551  Restored You need to study up on what the mordicai 09/30/16 09:59:06 AM
#463550   DOJ is a better source of info than UncleBo 09/30/16 09:54:48 AM
#463549   AND SINCE WAMU ADMITTEDLY DESTROYED ALL HARD COPIES BBANBOB 09/30/16 09:47:47 AM
#463548   Gotta have escrows. dennyduper 09/30/16 09:38:49 AM
#463547   End of third quarter is today. gold-nugget 09/30/16 09:31:15 AM
#463546   Is today the day. gold-nugget 09/30/16 09:29:10 AM
#463545   I still don't have any money in my rockie101 09/30/16 09:27:29 AM
#463544   Quote: JPMORGAN CHASE IS THE “SERVICER” FOR WHO OR cura asada 09/30/16 09:13:30 AM
#463543   According to Bloomberg the WAMU Asset Acceptance Corp mordicai 09/30/16 09:11:14 AM
#463542   ***Delaware Bankruptcy = Zeroing Equity = Bring Assets Large Green 09/30/16 08:53:18 AM
#463541   ***Exciting Times*** Let Us Review*** So, So Much Large Green 09/30/16 08:50:31 AM
#463540   ~ The WMIH-Corp / WMIIC Connection' Supporting Documents Large Green 09/30/16 08:44:43 AM
#463539   hotmeat, no "NON-LOL" escrow fantasies... bkshadow 09/30/16 08:40:51 AM
#463538   tanjazielman, I don't see any connection... bkshadow 09/30/16 08:24:47 AM
#463537   Now who's peddling in fantasies!!! hotmeat 09/30/16 08:22:45 AM
#463536   A correction : muyuan51 09/30/16 08:12:46 AM
#463535   I'm seeing a connection between "chimerical fantasies" and tanjazielman 09/30/16 07:42:30 AM
#463534   I almost forgot these minutes of WF CEO muyuan51 09/30/16 06:57:17 AM
#463533   Well boarddork, appropriately, "servicing extensions" have... bkshadow 09/30/16 06:49:57 AM
#463531   Seems as it is ages ago, isn't it, muyuan51 09/30/16 05:48:42 AM
#463530   Why? wowalters 09/30/16 04:54:51 AM
#463529   Get you hands on as much cash and MasterBlastr 09/30/16 02:40:49 AM
#463528   https://www.superstation95.com/index.php/world/2130 wamuvoodoo 09/30/16 12:30:52 AM
#463527   WMI/WMIH=the volume yesterday was about 4 million & fwh3334zeke 09/29/16 11:34:08 PM
#463526   Well, BK, REIKO, Mordi, etc. haven't shown me boarddork 09/29/16 09:54:15 PM
#463525   BBANBOB It,of course was a very rhetorical question from dmceng 09/29/16 09:52:25 PM
#463524   Voodoo I want my family and I to wamugold 09/29/16 09:19:09 PM
#463523   They also USED TO get involved when National(yours/mine)Security goodietime 09/29/16 08:30:11 PM
#463522   "Excluded from the transaction are the senior unsecured BBANBOB 09/29/16 08:28:09 PM
#463520   BD ...Who do you think is the servicer soundincrest 09/29/16 08:21:37 PM
#463517   Mordi, wamuvoodoo 09/29/16 08:05:31 PM
#463516   So, no answer? garyhalvo 09/29/16 08:04:55 PM
#463515   Mordi, September 25, 2008, the FDIC announced that wamuvoodoo 09/29/16 08:04:47 PM
PostSubject