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WMIH Corp. (WMIH)

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Last Post: 12/4/2016 7:55:39 PM - Followers: 1528 - Board type: Free - Posts Today: 21

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

 
  • 1D
  • 1M
  • 2M
  • 3M
  • 6M
  • 1Y
  • 2Y
  • 3Y
  • 5Y
WMIH
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WMIH News: Current Report Filing (8-k) 11/23/2016 04:18:37 PM
WMIH News: Current Report Filing (8-k) 11/04/2016 04:29:04 PM
WMIH News: Quarterly Report (10-q) 11/04/2016 04:17:33 PM
WMIH News: Amended Statement of Ownership (sc 13g/a) 10/13/2016 05:10:38 PM
WMIH News: Current Report Filing (8-k) 10/05/2016 04:17:45 PM
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
#468344   You crumbled months ago, this is just a garyhalvo 12/04/16 07:55:39 PM
#468342   Amen ! muyuan51 12/04/16 01:06:27 PM
#468341   yes, many variables to consider. Is it DarkB4Dawn 12/04/16 01:04:20 PM
#468340   better than 00000.000! tzebedee 12/04/16 01:00:11 PM
#468338   Not to mention more opportunity and availability for tzebedee 12/04/16 12:24:38 PM
#468337   lower tax ,, more value for sh's ;) tzebedee 12/04/16 12:23:14 PM
#468336   2016 a 6B NOL offsets 6B gain in DarkB4Dawn 12/04/16 12:19:35 PM
#468335   haha! yes, sometimes=$$.. Bread crumbs of conversion and tzebedee 12/04/16 12:18:20 PM
#468334   Now the new dates appears to be in rockie101 12/04/16 11:47:52 AM
#468333   Got an email accordingly it appears 7 more BBANBOB 12/04/16 11:39:25 AM
#468332   I hope u and AZ are correct. Major_Bankz 12/04/16 11:28:59 AM
#468331   Wait have the tax laws been changed? YET!!!!!!!!!!! BBANBOB 12/04/16 11:27:52 AM
#468330   BODonothing Weekly Schedule: wamuqsi 12/04/16 11:24:04 AM
#468329   Exactly, they could have utilized the NOLS when Major_Bankz 12/04/16 11:09:40 AM
#468328   You are both correct, if that makes any dine 12/04/16 09:37:54 AM
#468327   I disagree. It just means, in my opinion, BigBang 12/04/16 07:32:48 AM
#468326   BUT the NOLs have ALWAYS been a DIVERSION sometimes_right 12/04/16 07:32:29 AM
#468325   Trump is gonna lower tax for companies to katekir1234 12/04/16 05:22:14 AM
#468323   WMIH=WMIH=ESCROWS=especially escrows!! fwh3334zeke 12/03/16 11:35:30 PM
#468322   my reasoning is that buying in the 1.50 electrostatic 12/03/16 01:06:22 PM
#468321   Why do you plan such a big buy onco 12/03/16 11:53:28 AM
#468320   That's the conundrum, riddle from hell. Largest bank tzebedee 12/03/16 11:31:50 AM
#468319   it would be great for this to start traderpaul 12/03/16 11:16:58 AM
#468318   imo, hard to believe there are many shares tzebedee 12/03/16 11:15:13 AM
#468317   I have been a lurker for the past electrostatic 12/03/16 10:55:53 AM
#468316   http://www.nytimes.com/2016/12/02/business/dealbook/companies-should-rethink-pay garyhalvo 12/03/16 10:31:38 AM
#468315   2-17-2017 at approximately 2017 hours. FormerKQ 12/03/16 09:24:36 AM
#468314   What's the next date we can get all Mr Bombastic 12/03/16 08:31:47 AM
#468313   Nice buy at 1.60 for me yesterday! Will yes9 12/03/16 07:43:15 AM
#468310   Exactly what DD are you referring to..? chimaster 12/03/16 12:01:53 AM
#468309   I have shortened this Penny stock from 2.32 PickStocks 12/02/16 10:48:08 PM
#468304   What news are we expecting on monday mypenneys 12/02/16 06:42:41 PM
#468303   another new employee claim doc filed today. I ItsMyOption 12/02/16 05:41:36 PM
#468302   1. There will be no news Monday of vodkadejour 12/02/16 05:37:45 PM
#468301   awesome Zalviny 12/02/16 05:29:42 PM
#468298   Sorry was out of posts until happy Hour. BBANBOB 12/02/16 04:15:18 PM
#468296   I dont want that to happen, but that's Major_Bankz 12/02/16 04:01:29 PM
#468295   OMG Major Bankz!!,,,, Getn otta det 12/02/16 03:58:21 PM
#468294   If no news on Monday it goes below Major_Bankz 12/02/16 03:36:05 PM
#468293   Court documents garyhalvo 12/02/16 03:30:52 PM
#468292   Why 2018? Can you please lay out the Bear51 12/02/16 03:19:54 PM
#468288   Facts that truly tell the WaMu Story – Large Green 12/02/16 03:08:05 PM
#468287   A really f'en good post of yours ! muyuan51 12/02/16 03:06:06 PM
#468286   And the promptly tanked back to the 140's JB3136 12/02/16 03:04:10 PM
#468285   ***WMIH*** WMIH Corp. (WMIH) Large Green 12/02/16 03:01:37 PM
#468279   Yes NEWS COMING!!! Board Members resign due PickStocks 12/02/16 01:51:46 PM
#468278   nice job! Should be easy money short term tzebedee 12/02/16 01:48:02 PM
#468277   I could not fill at 1.45 Got plenty rwdutch 12/02/16 01:44:55 PM
#468276   Rinse, repeat! Good day to buy but ready for rwdutch 12/02/16 01:42:58 PM
#468275   Buy buy Buy and watch go back up PickStocks 12/02/16 01:14:32 PM
PostSubject