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Last Post: 6/22/2017 4:19:35 PM - Followers: 1549 - Board type: Free - Posts Today: 81

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: Small Company Offering and Sale of Securities Without Registration (d) 06/13/2017 06:02:28 AM
WMIH News: Initial Statement of Beneficial Ownership (3) 06/12/2017 04:04:35 PM
WMIH News: Current Report Filing (8-k) 06/09/2017 04:17:25 PM
WMIH News: Current Report Filing (8-k) 06/06/2017 04:21:46 PM
WMIH News: Statement of Changes in Beneficial Ownership (4) 06/05/2017 06:28:10 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
#480359   pretty close to me.....give or take a dollar diamondguru-one 06/22/17 04:32:58 PM
#480358   How feasible is getting "$8/common share"? Got a austin01 06/22/17 04:29:37 PM
#480355   YOU ARE COMPLETELY WRONG Olti100 06/22/17 04:07:58 PM
#480354   No, if I could get $8/common share today, distrojunky 06/22/17 04:06:44 PM
#480352   If you could get $1 per escrow share austin01 06/22/17 04:01:17 PM
#480351   that is highly unrealistic. JB3136 06/22/17 03:59:22 PM
#480350   Is that because you know his pants are distrojunky 06/22/17 03:58:26 PM
#480349   what? not 2x value? Zalviny 06/22/17 03:57:40 PM
#480348   $17.14 PER ESCROW AS PER THE CALCULATIONS THAT ckaufman2160 06/22/17 03:57:01 PM
#480347   did you see that unicorn? Zalviny 06/22/17 03:56:40 PM
#480346   Since we are guessing, $4-$8 per share. Now distrojunky 06/22/17 03:56:27 PM
#480342   smart players are dumping Zalviny 06/22/17 03:48:33 PM
#480341   up tic down tic, up tic, down tic JB3136 06/22/17 03:44:47 PM
#480340   and then the bastards down tic it right JB3136 06/22/17 03:31:54 PM
#480339   up is good JB3136 06/22/17 03:22:46 PM
#480338   $1.00 tomorrow Zalviny 06/22/17 03:19:50 PM
#480336   How did you arrive at that figure? TIA stoxjock 06/22/17 03:08:53 PM
#480334   $7,370,200.00 ckaufman2160 06/22/17 02:23:42 PM
#480333   Wasnt Wamu solvent but only went bankrupt because Philborn27 06/22/17 02:22:28 PM
#480332   They could post that 20 thousand times but fwh3334zeke 06/22/17 01:55:08 PM
#480331   Yes we already know nothing is coming to katekir1234 06/22/17 01:49:41 PM
#480330   you guys sure do have an uncanny ability JB3136 06/22/17 01:49:09 PM
#480329   i yi yi more ground hog days ahead. JB3136 06/22/17 01:47:59 PM
#480328   Reporting from hell.... Bizreader 06/22/17 01:42:33 PM
#480327   What will 430.000 WAMUQ escrows be worth? Any deepcut 06/22/17 01:39:57 PM
#480326   If it has nothing to do with "Mom fwh3334zeke 06/22/17 01:36:55 PM
#480325   Anybody interested in my package of 3300 WAMPQ-Escrows Lucullus 06/22/17 01:33:23 PM
#480324   July 27 could be big. Boris the Spider 06/22/17 01:24:26 PM
#480323   The "Mom and Pop" reference in CA Probate... bkshadow 06/22/17 01:05:02 PM
#480322   You were right from the beginning Yey!!!! tpg 06/22/17 12:14:35 PM
#480321   Boris, do you think that the July 27th garyhalvo 06/22/17 12:11:17 PM
#480320   There must be a list somewhere as I fwh3334zeke 06/22/17 12:08:40 PM
#480319   ~ The California Judges Reference to the DTC AZCowboy 06/22/17 11:50:22 AM
#480318   THAT HORSE IS OUT OF THE BARN PARD!!!!!!!!!!!!!!!!!!!!!!!!! BBANBOB 06/22/17 11:30:50 AM
#480317   How and who will provide this 30 notice ItsMyOption 06/22/17 11:29:23 AM
#480316   It's just more ground hog day stuff, this JB3136 06/22/17 11:24:36 AM
#480315   YOU BEST HOPE HE IS NOT LOOKING FOR BBANBOB 06/22/17 11:24:02 AM
#480314   wow, I doubt that's it. How long pre goodietime 06/22/17 11:17:49 AM
#480313   Thanks Boris, if so it really makes his popcorn202 06/22/17 11:01:20 AM
#480312   Mom and pop does not mean brokerages. Boris the Spider 06/22/17 10:54:59 AM
#480311   Thanks Boris, i don't like living in hog country. wowalters 06/22/17 10:49:27 AM
#480310   you said 2x value plus interests, so I'm Zalviny 06/22/17 10:48:58 AM
#480309   I agree and a much shorter list but popcorn202 06/22/17 10:45:38 AM
#480308   Another, different brokers have differ numbers IE Scottrade fwh3334zeke 06/22/17 10:43:23 AM
#480307   i am thinking just the brokerages need notice. seamus3500 06/22/17 10:29:57 AM
#480306   Do you think what he meant by "Mom popcorn202 06/22/17 10:22:54 AM
#480305   You say the Ps' are worthless yet you popcorn202 06/22/17 10:20:28 AM
#480304   The mom and pop list is readily available. Boris the Spider 06/22/17 10:18:53 AM
#480303   yes, with a higher pps and pressure just tzebedee 06/22/17 10:07:37 AM
#480302   There is peculiarly no correlation between your view hotmeat 06/22/17 10:00:43 AM