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WMIH Corp. (WMIH)

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Last Post: 4/28/2017 1:42:41 PM - Followers: 1543 - Board type: Free - Posts Today: 8


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
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WMIH News: Additional Proxy Soliciting Materials (definitive) (defa14a) 04/19/2017 04:22:37 PM
WMIH News: Proxy Statement (definitive) (def 14a) 04/19/2017 04:19:33 PM
WMIH News: Current Report Filing (8-k) 04/06/2017 04:17:05 PM
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
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
#476861   no, bc you said this thing will make Zalviny 04/28/17 01:42:41 PM
#476860   think i'll wait till the last min this JB3136 04/28/17 01:33:05 PM
#476859   So, if you are not happy with WMIH, fwh3334zeke 04/28/17 12:21:52 PM
#476857   same old, same old, days after days, years Zalviny 04/28/17 10:25:23 AM
#476856   45's tax cut is not going to happen, period. dennyduper 04/28/17 10:04:00 AM
#476855   May 01, 2017 is a scheduled Piers distribution Large Green 04/28/17 09:59:24 AM
#476854   Tax reform/cuts need house and senate approval. Moreover, Equality23 04/28/17 01:15:25 AM
#476853   EXECUTIVE ORDER, who knows I would not take wamugold 04/27/17 10:28:33 PM
#476852   What makes you think Trump is going to fwh3334zeke 04/27/17 10:26:10 PM
#476851   Darn what the heck, one would think these wamugold 04/27/17 09:54:07 PM
#476850   Yes... 517 more days to go! JB3136 04/27/17 09:43:57 PM
#476849   KFN 8k is out they have a section wamugold 04/27/17 05:08:59 PM
#476848   Congrats Wayne!! Hope you make some serious dough :-) wamugold 04/27/17 02:50:59 PM
#476847   This is the definition for filing FORM 15 wamugold 04/27/17 02:48:08 PM
#476846   I got 5000 at 1.45 and 2000 at wayne49 04/27/17 02:42:22 PM
#476845   If KFN true market cap is 390M then wamugold 04/27/17 02:37:50 PM
#476844   IMO M&A will be over well before January wamugold 04/27/17 02:24:16 PM
#476842   Is this ever going to end? Any Mr Bombastic 04/27/17 10:58:33 AM
#476841   Cha ching wow who knew REALtime64 04/27/17 10:54:29 AM
#476839   FAKE VALUE FAKE BOARD of Directors FAKE NEWS REALtime64 04/27/17 07:50:53 AM
#476838   Oh. Sorry T's you were talking about the wowalters 04/27/17 07:37:07 AM
#476837   Where was Wamugold's info presented in the past? wowalters 04/27/17 07:08:17 AM
#476836   wamugold Your a little late on that,it's nothing new t1215s 04/27/17 06:44:46 AM
#476835   it appears KKR would unlock GREAT VALUE if sometimes_right 04/27/17 05:35:02 AM
#476834   Yes it's happening because of criminal behavior. creyno58 04/27/17 03:06:01 AM
#476833   wow nice salaries. wamugold 04/27/17 02:46:31 AM
#476832   https://seekingalpha.com/filing/3508235 wamugold 04/27/17 02:40:57 AM
#476831   I found this definition for filing Form 25 wamugold 04/27/17 01:57:30 AM
#476827   Does anyone know possible reasons why this is happening? wamugold 04/26/17 06:56:10 PM
#476826   Man it must suck to have shorted at $1.10. QBert 04/26/17 05:34:12 PM
#476825   WMIH looks like some "meat" to me up fwh3334zeke 04/26/17 01:37:15 PM
#476824   no meat Zalviny 04/26/17 01:27:52 PM
#476823   Thanks hotmeat 04/26/17 11:53:09 AM
#476822   Partially my fault, copy and paste jumbled everything mattchew 04/26/17 11:49:00 AM
#476821   hotmeat, PDF page 3 JusticeWillWin 04/26/17 11:20:24 AM
#476820   I was thinking they received $1.8M for the hotmeat 04/26/17 11:19:07 AM
#476819   You lost me, WF as member of the mattchew 04/26/17 11:15:27 AM
#476818   STILL Short WMIH? fwh3334zeke 04/26/17 11:12:04 AM
#476816   I got it now from the last update. Thanks hotmeat 04/26/17 11:08:08 AM
#476814   ifin we ONLY HAD 100 Mill$$$ there it BBANBOB 04/26/17 11:01:37 AM
#476813  Restored FAKE STOCK FAKE BOARD FAKE COMPANY wake up REALtime64 04/26/17 11:00:36 AM
#476811   Yes, but $600K / Month in bank fees hotmeat 04/26/17 10:56:02 AM
#476810   That's what make this company such legitimate SCAM REALtime64 04/26/17 10:48:44 AM
#476809   OH ok thanks, sheds a different light on BBANBOB 04/26/17 10:44:18 AM
#476808   Drop it like it's hot.. Coming to an tzebedee 04/26/17 10:41:15 AM
#476807   These should be the account servicing fees for hotmeat 04/26/17 10:40:12 AM
#476806   TAB - Wells Fargo Bank, N.A. (TAB) 12/01/16 mattchew 04/26/17 10:29:47 AM
#476805   Hope that aint ALL and imho I remember BBANBOB 04/26/17 10:27:03 AM
#476804   Sad when our votes don't even count in BBANBOB 04/26/17 10:25:11 AM
#476803   Wells Fargo Bank, N.A. (TAB) 12/01/16 - 02/28/17 hotmeat 04/26/17 10:23:04 AM
PostSubject