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Last Post: 10/28/2016 1:32:45 PM - Followers: 1519 - Board type: Free - Posts Today: 37

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

  • 1D
  • 1M
  • 2M
  • 3M
  • 6M
  • 1Y
  • 2Y
  • 3Y
  • 5Y
Current Price
Bid Ask Day's Range
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
WMIH News: Justin Timberlake’s Aftermaster, Inc. (OTCQB: AFTM) Begins Production - Partners with ON Semiconductor (NADAQ: ON) 10/04/2016 07:00:00 AM
WMIH News: Current Report Filing (8-k) 09/09/2016 04:18:01 PM
WMIH News: Current Report Filing (8-k) 08/11/2016 04:17:32 PM
#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
#466333   Yeah I think we are going into next jhdf51 10/28/16 01:32:45 PM
#466331   The LUCKY 7 Mr_Simpson72 10/28/16 01:00:09 PM
#466329   would love to see escrows stuffed with gold diamondguru-one 10/28/16 12:38:01 PM
#466328   The manipulation has been rampant from day one. dragoon76 10/28/16 12:35:01 PM
#466327   Someone sure is trying too keep the pps ItsMyOption 10/28/16 12:22:57 PM
#466326   lol , no deal! tzebedee 10/28/16 12:16:40 PM
#466325   Diamond, maybe only hours now...If WMILT has received Large Green 10/28/16 12:05:16 PM
#466324   I was thinking of posting something similar awhile barefoot123 10/28/16 12:05:06 PM
#466323   ... with the numbers we like to read ? wurly 10/28/16 11:59:16 AM
#466322   LARGE....are we finally at the end of this diamondguru-one 10/28/16 11:58:43 AM
#466321   other than use the weekend for cover, I Royal Dude 10/28/16 11:36:22 AM
#466320   great I will read it at happy hour ItsMyOption 10/28/16 11:35:33 AM
#466319   It will come between 5:00pm and 7:00pm today Large Green 10/28/16 11:34:10 AM
#466318   do you feel that report should come out ItsMyOption 10/28/16 11:31:57 AM
#466317   I am sorry, nothing great is going to vodkadejour 10/28/16 11:08:49 AM
#466316   Let just see what happens with great expectations, Royal Dude 10/28/16 10:48:48 AM
#466315   Sorry, my mistake I thought it was icw cura asada 10/28/16 10:45:24 AM
#466314   Could be wrong but thought a report was Royal Dude 10/28/16 10:39:59 AM
#466313   IMHO, we might see the WMILT 3rd qtr cura asada 10/28/16 10:33:33 AM
#466312   Very nice, thanks. mattchew 10/28/16 10:26:40 AM
#466311   I'm not holding my breath BBANBOB 10/28/16 10:25:43 AM
#466310   We should know today the 28th Royal Dude 10/28/16 10:12:41 AM
#466307   Anyone know the status of the DBNTC-JPMC-FDIC Settlement? mattchew 10/28/16 09:39:49 AM
#466305   Lolol..almost sounds plausible...but definitely being manipulated........yesterd slob 10/28/16 09:07:06 AM
#466304   I agree with everything regarding the original 75/25 Large Green 10/28/16 09:04:47 AM
#466303   Seems this all comes down to who gets duder54 10/28/16 09:03:02 AM
#466302   So in my view, former WaMu preferred which BBANBOB 10/28/16 09:02:40 AM
#466301   W3Research, I concur with the 75/25 percent split Large Green 10/28/16 08:54:26 AM
#466300   Friday Do we hear from WMILT? Donotunderstand 10/28/16 07:57:16 AM
#466299   Well if you can not find it in Donotunderstand 10/28/16 07:52:21 AM
#466298   LG, So with WMILT being the sole heir W3Research 10/28/16 01:46:02 AM
#466297   Think about this scenario if the nickel tick creyno58 10/28/16 01:06:56 AM
#466296   Well tomorrow is the big day..or perhaps the jhdf51 10/27/16 11:49:30 PM
#466295   So now you are admitting that there is zeus_0100 10/27/16 09:58:26 PM
#466293   Good post BD. The WMIIC discussion was probably xoom 10/27/16 07:23:26 PM
#466292   Thanks wowalters 10/27/16 05:58:41 PM
#466291   hotmeat, again, a misunderstanding is an issue... bkshadow 10/27/16 05:40:40 PM
#466290   must be making MILLIONS $$$ flipping a NICKLE...NOT!!! sometimes_right 10/27/16 05:39:18 PM
#466289   hotmeat, sorry, I believe it is an incorrect... bkshadow 10/27/16 05:33:53 PM
#466288   Yeah right!.... hotmeat 10/27/16 05:26:50 PM
#466287   Again Nonsense..... hotmeat 10/27/16 05:21:58 PM
#466286   More money more money WMIH is so REALtime64 10/27/16 05:01:12 PM
#466285   wowalters, of course not; they all belong in jail... bkshadow 10/27/16 04:40:28 PM
#466283   Green question? Did the neutral third party ever dennyduper 10/27/16 04:18:16 PM
#466280   wowalters, "everybody" allowed the 'looting... bkshadow 10/27/16 04:13:27 PM
#466278   Would not the FDIC be the responsible party wowalters 10/27/16 04:05:20 PM
#466276   wowalters, I believe JPM got the benefit of... bkshadow 10/27/16 03:29:11 PM
#466274   Was it JPM or the FDIC that looted wowalters 10/27/16 03:20:01 PM
#466273   WaMu*A 5th Amendment Taking (DC Action) "Dismissed... bkshadow 10/27/16 03:19:22 PM
#466270   *WaMu*A 5th Amendment Taking*US Government*Thanks Goes to Ron Large Green 10/27/16 03:02:17 PM