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Last Post: 1/18/2017 11:07:02 PM - Followers: 1538 - Board type: Free - Posts Today: 53

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.


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
WMI Liquidating Trust - "WMI Liquidating Trust Provides Information On Escrow CUSIPs"

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Current Price
Bid Ask Day's Range
WMIH News: Current Report Filing (8-k) 01/11/2017 04:18:10 PM
WMIH News: Current Report Filing (8-k) 01/05/2017 04:17:27 PM
WMIH News: Current Report Filing (8-k) 12/06/2016 04:16:49 PM
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
#469354  Sticky Note Ok, GO4AW, here you have the best collection muyuan51 12/27/16 08:25:19 AM
#442011  Sticky Note Nothing that he has posted supports the proposition mordicai 12/10/15 07:20:26 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
#470634   That's because you don't read anything and don't Reptile 01/18/17 11:07:02 PM
#470633   The wolf guarding the hen house! creyno58 01/18/17 10:38:08 PM
#470632   Have a look. ReikoBlack 01/18/17 08:13:03 PM
#470631   Well who is lawyers for WMILT?? fwh3334zeke 01/18/17 07:55:40 PM
#470630   I don't believe there is any link, direct StillHoping 01/18/17 07:55:26 PM
#470629   Seems pretty F&R for all them folks eh! JB3136 01/18/17 07:50:21 PM
#470628   Who said anything about Fairfield & Gallaghar, the stoxjock 01/18/17 07:38:46 PM
#470627   I didn't think Fairfield & Gallagher got the fwh3334zeke 01/18/17 06:49:52 PM
#470626   Nice Arrangement They got... for Doing Nothing. stoxjock 01/18/17 06:28:44 PM
#470625   For those keep saying " I buy more wamuqsi 01/18/17 06:27:30 PM
#470624   Same old same old, BODonothing keep getting big wamuqsi 01/18/17 06:22:10 PM
#470623   Ive been out of country on vaca for vodkadejour 01/18/17 06:03:30 PM
#470622   voodo At least somebody is getting/having fun with t1215s 01/18/17 05:45:51 PM
#470621   What a sick scam ,these money Hungary scum wamuvoodoo 01/18/17 05:15:24 PM
#470620   Court Docket: #12345 ItsMyOption 01/18/17 05:13:10 PM
#470619   People anybody who needs to get a schooling t1215s 01/18/17 05:04:09 PM
#470617   Nothing to-do with this stock REALtime64 01/18/17 04:40:43 PM
#470616   2025, WMIH is the place to BE! REALtime64 01/18/17 04:37:12 PM
#470615   This $ 7.2 bil "Settlement" publication DOJ - muyuan51 01/18/17 04:26:53 PM
#470614   Agree...all the rumination in the world will not jhdf51 01/18/17 04:17:20 PM
#470613   Both you and es1 are correct as far slob 01/18/17 04:00:03 PM
#470612   Employee claims hearing set for feb 26 2018;ssems katekir1234 01/18/17 03:59:52 PM
#470611   2018, WMIH is the place to BE!! fwh3334zeke 01/18/17 03:28:34 PM
#470610   The BIGGIE IS....NO WHERE...did I see.... that we rockie101 01/18/17 02:43:22 PM
#470609   plus according to the doc's the DEBTOR can BBANBOB 01/18/17 02:40:36 PM
#470608   ItsMyOption, the language about the 2.5 % came Large Green 01/18/17 02:29:56 PM
#470607   thanks LG for that link, and it is ItsMyOption 01/18/17 02:18:48 PM
#470606   There has been discussion on the former WaMu Large Green 01/18/17 02:02:25 PM
#470605   Amen. Let God deliver us from WAMU and stoxjock 01/18/17 01:21:58 PM
#470604   or buying is done on BOTH sides to BBANBOB 01/18/17 12:26:04 PM
#470603   Actually that's backwards claw. When you want to buy es1 01/18/17 12:14:31 PM
#470602   Maybe we need the lesson, to straighten our wowalters 01/18/17 11:45:37 AM
#470601   Amen, but God please don't let us wamuqsi 01/18/17 11:30:04 AM
#470600   Amen Bill48 01/18/17 10:36:21 AM
#470599   Amen mike08201 01/18/17 10:05:42 AM
#470598   I did not say that there was a wowalters 01/18/17 09:40:34 AM
#470597   JPMorgan's CEO Jamie Dimon being interviewed on CNBC-Squawk-Box soon.... sometimes_right 01/18/17 09:16:05 AM
#470596   The 3 billion settlement agreement was between FDIC cura asada 01/18/17 09:10:43 AM
#470595   May God bless all of us here and 2221 01/18/17 09:01:48 AM
#470594   So now the date has been pushed out rockie101 01/18/17 08:59:36 AM
#470593   Utter nonsense. A settlement between DOJ and DB StillHoping 01/18/17 08:57:33 AM
#470592   Glad you're bringing up the good points Bbob made. wowalters 01/18/17 08:57:18 AM
#470591   As long as there is money available to djcat 01/18/17 08:53:55 AM
#470590   2 sides to every coin. zeus_0100 01/18/17 08:04:54 AM
#470589   You are wrong, it does. Everything is intertwined. wowalters 01/18/17 06:53:05 AM
#470588   So you are wishing a reemerged company to yx88hc 01/18/17 06:16:46 AM
#470587   Smart traders buy all lows!!! yes9 01/18/17 06:14:40 AM
#470585   BK in this company's future is the way REALtime64 01/18/17 04:33:41 AM
#470584   This has nothing to do with any CA StillHoping 01/18/17 12:41:57 AM
#470583   dmceng, maybe so but this will also need Large Green 01/18/17 12:36:52 AM