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Last Post: 10/20/2017 9:24:32 PM - Followers: 1567 - Board type: Free - Posts Today: 102

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.

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
WMI Equity Escrow Calculator

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

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SEC Filings for WMIH  
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WMIH News: WMIH Corp. Announces Redemption Of Senior Second Lien Runoff Note 10/03/2017 08:00:00 AM
WMIH News: Current Report Filing (8-k) 09/08/2017 04:17:15 PM
WMIH News: Current Report Filing (8-k) 08/21/2017 04:17:05 PM
WMIH News: WMIH Corp. Announces Retention Of Financial Adviser 08/21/2017 04:05:00 PM
WMIH News: Current Report Filing (8-k) 08/10/2017 04:18:38 PM
#478693  Sticky Note 2017 Annual meeting archive will be available until Evintos 06/01/17 05:40:22 PM
#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
#492460   fwh Yes I did sign and got the initial MONICALAW 10/20/17 09:24:32 PM
#492459   Yup. Who's willing to go to prison, we AaronTrainer 10/20/17 09:21:54 PM
#492458   I would have rather signed the releases then fwh3334zeke 10/20/17 09:06:33 PM
#492457   austin 01 MONICALAW 10/20/17 08:17:37 PM
#492456   austin01 Last time we checked NO ONE is our MONICALAW 10/20/17 08:05:45 PM
#492455   I cannot communicate with them the way they AaronTrainer 10/20/17 07:59:47 PM
#492454   its all in BLACK and WHITE.....just waiting on diamondguru-one 10/20/17 07:59:02 PM
#492453   Who is our lawyer, who can check into austin01 10/20/17 07:51:36 PM
#492452   Seriously diamond, tell us why you "have a austin01 10/20/17 07:48:05 PM
#492451   not a clue.....Gooooo WMIH !!!!! diamondguru-one 10/20/17 07:31:05 PM
#492450   Divide & conquer, oldest trick in book!! fwh3334zeke 10/20/17 07:20:11 PM
#492449   Stoxjock Our LT is also guilty of Breaching Safe MONICALAW 10/20/17 06:47:02 PM
#492448   This is becoming beyond Sickening. I did not stoxjock 10/20/17 06:36:56 PM
#492447   7 business days to November first and inesdefilia 10/20/17 06:22:39 PM
#492446   In some way the HEDGEFUNDS must be in rockie101 10/20/17 06:20:26 PM
#492445   Cura Again WITHOUT any Accounting Explanations and Without our MONICALAW 10/20/17 06:08:03 PM
#492444   No Goodie, maybe reading this will help you MadBadger 10/20/17 06:04:57 PM
#492443   Then go call them. We’ll all wait patiently dennyduper 10/20/17 05:00:26 PM
#492442   You’re not getting rich off of WMIH overnight dennyduper 10/20/17 04:58:58 PM
#492441   Why don't they return some of he goodietime 10/20/17 04:57:27 PM
#492440   NOTICE OF AMOUNTS PAID BY WMI LIQUIDATING TRUST cura asada 10/20/17 04:52:41 PM
#492439   Everyday a new low ,glad we'll be at katekir1234 10/20/17 04:46:48 PM
#492438   DB/JPM/FDIC settlement JPM Has theirs DB has theirs fwh3334zeke 10/20/17 04:01:55 PM
#492436   We could get paid somewhere 2019 &2020 ?since 2221 10/20/17 03:51:03 PM
#492435   All the money go into their account. Nothing left Zalviny 10/20/17 03:45:12 PM
#492434   This is getting ridiculous, I think the Board AaronTrainer 10/20/17 03:43:06 PM
#492432   Peyton THIS AINT PAYTON PLACE BBANBOB 10/20/17 03:21:09 PM
#492431   I am sorry but WHERE ARE YOU PEOPLE BBANBOB 10/20/17 03:12:17 PM
#492430   I agree there is NO SET IN STONE BBANBOB 10/20/17 03:06:32 PM
#492429   lol... shorts been right.. everyone thinks because a Peyton976 10/20/17 03:03:54 PM
#492428   I get it and no sir you didn't BBANBOB 10/20/17 02:41:16 PM
#492427   My guess is about Sept 2018. They have done footballref-8541 10/20/17 02:37:56 PM
#492426   A 7M short is meaningless with now already katekir1234 10/20/17 02:33:02 PM
#492425   Question about timelines: goodietime 10/20/17 02:20:31 PM
#492424   yes and the shell at 35% top corporate tax Donotunderstand 10/20/17 02:05:35 PM
#492423   7 mill shares short against 170 mill shares up and up 10/20/17 02:04:03 PM
#492422   There is no timeline, it can take as RajuSondh1 10/20/17 01:55:59 PM
#492421   Pard my simple point IS and WAS they BBANBOB 10/20/17 01:54:38 PM
#492420   That is true in both directions. Only difference es1 10/20/17 01:49:28 PM
#492419   whoopie daily VOL , BUT WHAT YOU miss BBANBOB 10/20/17 01:45:58 PM
#492418   At .80 this will touch a temporary bottom es1 10/20/17 01:41:15 PM
#492417   and they are going to keep forcing the dragoon76 10/20/17 01:36:34 PM
#492416   I understand your general statement. I was just dragoon76 10/20/17 01:28:29 PM
#492415   I was replying to Real, didn't write post!! fwh3334zeke 10/20/17 01:15:22 PM
#492414   Interesting Wording and Timeline; From 2008 through 2013, MadBadger 10/20/17 01:10:43 PM
#492413   The 33/34 Securities Act doesn't state that the wowalters 10/20/17 01:07:40 PM
#492412   Bob:go to, they are controling this on up and up 10/20/17 12:39:25 PM
#492411   Please comment ONLY if you really know what stoxjock 10/20/17 12:32:50 PM
#492410   The FDIC Doesn't HAVE to do anything, we fwh3334zeke 10/20/17 12:30:02 PM
#492408   Is this true? Could someone knowledgeable about the stoxjock 10/20/17 12:29:30 PM