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Last Post: 9/22/2017 12:07:24 AM - Followers: 1568 - Board type: Free - Posts Today: 6

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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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
WMIH News: Quarterly Report (10-q) 08/09/2017 04:20:30 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
#488700   Can you make change for a penny? goodietime 09/22/17 12:12:24 AM
#488699   Realtime: Why dont you sell yourself to the Mr_Simpson72 09/22/17 12:07:24 AM
#488698   Realtime: Why dont you sell yourself to the Mr_Simpson72 09/22/17 12:06:31 AM
#488697   Realtime: Why do nt you sell yourself to Mr_Simpson72 09/22/17 12:06:26 AM
#488696   Sell asap is the only way at this point REALtime64 09/22/17 12:02:05 AM
#488695   So what your saying is the money was REALtime64 09/22/17 12:02:04 AM
#488694   UPTO THREE 2 YR PERIODS FROM 2011 newflow 09/21/17 11:42:27 PM
#488693   Oops shut down, sorry. dennyduper 09/21/17 11:39:29 PM
#488692   Quickest way to make people shit down. Horrible idea. dennyduper 09/21/17 11:34:28 PM
#488691   Happy Life porkchopranch 09/21/17 11:15:56 PM
#488690   Another more important title Fletch-42 09/21/17 11:14:46 PM
#488689   nice work Johnny... just got home and read lodas 09/21/17 10:47:24 PM
#488688   What does HLCE stand for? austin01 09/21/17 10:45:04 PM
#488687   Janice Hearn Fletch-42 09/21/17 10:38:39 PM
#488686   Cura, there is no way - look at RajuSondh1 09/21/17 10:29:50 PM
#488685   JPM was only a Bridge Bank ron_66271 09/21/17 10:26:51 PM
#488684   Any speculation as to what these "updates" could austin01 09/21/17 10:20:46 PM
#488683   Barry, Thank you for all your efforts. xoom 09/21/17 10:15:55 PM
#488682   My goodness.. Even when information of next week UpTickMeASAP 09/21/17 10:00:29 PM
#488681   or because it was already planned to come Royal Dude 09/21/17 09:37:36 PM
#488680   RD, you may be right. They might LuckyPanda 09/21/17 09:27:59 PM
#488679   EXDIMER, FDIC-R Update not really news... bkshadow 09/21/17 09:26:19 PM
#488678   AND WHY IS THAT?????????? BBANBOB 09/21/17 09:20:42 PM
#488677   There is always tommorow Royal Dude 09/21/17 09:18:35 PM
#488676   Hopefully, JohnnyIwantsome's new girlfriend can speak to my Large Green 09/21/17 09:17:48 PM
#488675   RARE But REAL RARE you may get someone BBANBOB 09/21/17 09:12:51 PM
#488674   Johnny ......We need your assisance .We Neeed soundincrest 09/21/17 09:06:08 PM
#488673   I just ordered a $9 brownie with whipped Bizreader 09/21/17 09:05:15 PM
#488672   ***Is this a HIDY HOLE of sorts*** Large Green 09/21/17 09:03:07 PM
#488671   Thanks for the go forth, appreciate BBANBOB 09/21/17 09:00:23 PM
#488670   Future Escrow Markers/Shares Regarding Former WaMu Estate-Thoughts/Possibi Large Green 09/21/17 08:58:14 PM
#488669   I wonder how that "large Florida servicer" BBANBOB 09/21/17 08:55:59 PM
#488668   We all thank you Johnny for your work Royal Dude 09/21/17 08:55:30 PM
#488667   JIWS's phone conversation DocKB 09/21/17 08:54:41 PM
#488666   DAMN I didn't know I had two dogs, BBANBOB 09/21/17 08:53:56 PM
#488665   Johnny, thank you very much for staying persistent Large Green 09/21/17 08:48:24 PM
#488664   DAMN did my dog just jump up in BBANBOB 09/21/17 08:46:14 PM
#488663   Thanks John. So the next week confirms according cura asada 09/21/17 08:34:41 PM
#488662   JIWS, Have you asked the very specific question W3Research 09/21/17 08:27:35 PM
#488661   I just have a feeling you'll be pleasantly surprised. dennyduper 09/21/17 08:14:12 PM
#488660   FAKE!!! mytex 09/21/17 08:12:54 PM
#488659   THE DATE IS IS IS the 29th, but BBANBOB 09/21/17 08:12:24 PM
#488658   Hey Johnny, thanks for sharing! jaysenese 09/21/17 08:08:57 PM
#488657   WMI garyhalvo 09/21/17 07:40:16 PM
#488656   She is the "NEW" Tal Sopeka....for those who ckaufman2160 09/21/17 07:31:45 PM
#488655   "glitches occur in the FINAL PROCESS sometimes" newflow 09/21/17 07:31:44 PM
#488653   UPTO THREE 2 YR PERIODS FROM 2011 newflow 09/21/17 07:18:38 PM
#488652   Ron, if all WMB and related assets were RajuSondh1 09/21/17 07:17:34 PM
#488651   Probably FL company managing FDIC-R newflow 09/21/17 07:13:17 PM
#488650   Thanks Johnny.Very helpful info atleast to guesstimate.She is newflow 09/21/17 07:02:25 PM