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WMIH Corp. (WMIH)

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Last Post: 3/29/2017 12:15:42 AM - Followers: 1546 - Board type: Free - Posts Today: 1


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. 


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

 
Mar 24, 2015 Press
Release
WMI Liquidating Trust - "WMI Liquidating Trust Provides Information On Escrow CUSIPs"
http://www.prnewswire.com/news-releases/wmi-liquidating-trust-provides-information-on-escrow-cusips-300055333.html

Level 2

http://tinyurl.com/astockinvestor



Chart U.S.


http://stockcharts.com/h-sc/ui?s=WMIH&p=W&b=5&g=0&id=p13019533725


Quote Germany

http://quotes.wsj.com/DE/XMUN/07W?mod=DNH_S_cq

http://quotes.wsj.com/DE/XBER/07W





 
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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
WMIH News: WMIH Corp. Schedules Investor Conference Call And Webcast 03/14/2017 04:25:00 PM
WMIH News: Annual Report (10-k) 03/14/2017 04:20:18 PM
WMIH News: Current Report Filing (8-k) 03/09/2017 04:16:57 PM
PostSubject
#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
#475363   When it was published earlier I had my tpg 03/29/17 12:15:42 AM
#475362   IF YOU GOOGLE FDIC/FDIC-R You will find that fwh3334zeke 03/28/17 10:39:19 PM
#475361   That's the American way wamuvoodoo 03/28/17 09:55:50 PM
#475360   I am pretty sure that list is people dine 03/28/17 09:24:28 PM
#475359   They would not be on a CURRENT list Olde English 800 03/28/17 09:04:59 PM
#475358   There been dozens of Shareholders who sent desperate nosch 03/28/17 08:56:22 PM
#475357   The FDIC as Receiver for Washington Mutual PickStocks 03/28/17 08:43:15 PM
#475356   That list was compiled in 2008. It Olde English 800 03/28/17 08:42:40 PM
#475355   Yes, even Morning Star's report is auto-generated: http://quotes.morningstar.co FormerKQ 03/28/17 08:20:10 PM
#475354   Why so long? Seems like a ridiculous duration austin01 03/28/17 06:59:09 PM
#475353   The 33-34 Securities Act, which regulates the FDIC'S wowalters 03/28/17 06:00:21 PM
#475352   yeah, that never happened. JB3136 03/28/17 05:33:05 PM
#475351   BOOK'S $5.00 bucks ....Happy trails.....I say its another Kmart diamondguru-one 03/28/17 05:21:34 PM
#475350   FDIC lies, last new claim I fond was 2012, huhubukti 03/28/17 05:13:38 PM
#475349   we did learn a new phrase today however JB3136 03/28/17 05:06:15 PM
#475348   Perhaps the Bots could cut us a check then....;) WAMUSHAMU 03/28/17 04:51:49 PM
#475347   I presented that question to them today and ItsMyOption 03/28/17 04:38:27 PM
#475346   Google analysts covering WMIH & see what you fwh3334zeke 03/28/17 04:38:25 PM
#475345   Let the robots take over the internet and JB3136 03/28/17 04:35:39 PM
#475344   That article is generated by a script. The FormerKQ 03/28/17 04:31:58 PM
#475343   No, this is a bot-generated article. That $33 FormerKQ 03/28/17 04:30:38 PM
#475342   except for the part where they say JB3136 03/28/17 04:29:10 PM
#475341   Do you think that if they were asked fwh3334zeke 03/28/17 04:28:58 PM
#475340   That actually sounds rather promising. kilshaw 03/28/17 04:27:09 PM
#475339   ItsMyOption is there a drop dead date by johnheps 03/28/17 04:26:49 PM
#475338   New Email update from FDIC: ItsMyOption 03/28/17 04:18:20 PM
#475335   i'd just be happy to see it get JB3136 03/28/17 04:11:30 PM
#475334   What??????? Can't believe these analysts are saying $33. mytex 03/28/17 04:10:38 PM
#475333   wasn't me ! worker 03/28/17 04:09:44 PM
#475332   That seems a bit preposterous JB3136 03/28/17 04:04:01 PM
#475331   WMIH target price $33 ! worker 03/28/17 04:02:57 PM
#475330   We got paid shares in WMIH we might SweetGeorgiaBrown 03/28/17 03:45:51 PM
#475329   This article says corporate rate likely to be mordicai 03/28/17 03:44:22 PM
#475326   "...and the final gavel is substantively down in wowalters 03/28/17 03:19:09 PM
#475325   There not managing anything according to the company gold-nugget 03/28/17 03:16:17 PM
#475323   3/16/2017 $8.7B CAPITAL LOSS not my... bkshadow 03/28/17 02:58:17 PM
#475319   Very intelligent answer, I just consider the source fwh3334zeke 03/28/17 02:19:23 PM
#475318   thank you Donotunderstand 03/28/17 02:08:11 PM
#475317   I partially agree with you, I'm not a gg4 03/28/17 01:43:32 PM
#475316   THEY PROBALLY PAID HIM OFF TO KEEP HIS wamuvoodoo 03/28/17 01:43:15 PM
#475315   If I may what questions did you ask??? Bill48 03/28/17 01:43:01 PM
#475314   Yea just found it funny I found it WAMUSHAMU 03/28/17 01:31:57 PM
#475313   Any stock can be a Money Maker if vodkadejour 03/28/17 01:30:43 PM
#475311   Some of those deaths could be from Takotsubo invnewbie 03/28/17 01:27:23 PM
#475310   So...JPMC "found" 30B in assets. If they Jestiron 03/28/17 01:26:14 PM
#475309   Hmmm........ https://www.facebook.com/muyuan51/posts/195047147652939 WAMUSHAMU 03/28/17 01:09:23 PM
#475308   Any large accounting firm could determine the rightful pm1012244448 03/28/17 12:50:38 PM
#475307   Rockie,if you played this GAME,you made money. Bought gg4 03/28/17 12:44:22 PM
#475306   Sorry for your loss and all others.glta gg4 03/28/17 12:37:24 PM
#475305   everyone's collective pessimism is irrelevant JB3136 03/28/17 12:27:00 PM
PostSubject