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Last Post: 12/15/2017 8:22:25 PM - Followers: 1575 - Board type: Free - Posts Today: 258

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: WMIH Corp. Announces Amendment of Series B Preferred Stock Terms 12/11/2017 08:44:00 AM
WMIH News: WMIH Corp. Announces Receipt of Nasdaq Minimum Bid Price Notification 11/16/2017 04:30:00 PM
WMIH News: WMIH Corp. Announces Redemption Of Senior Second Lien Runoff Note 10/03/2017 08:00:00 AM
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
#500080  Sticky Note 2/12/2017 Conference Call Webinar Archive Evintos 12/12/17 11:13:49 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
#500702   WOW !!!!! Thanks for posting this Link.... Now stoxjock 12/15/17 08:22:25 PM
#500701   Since everyone has a right to their own follow_me 12/15/17 08:01:48 PM
#500700   there busy coming up with their next cockamamie JB3136 12/15/17 07:59:29 PM
#500699   Yeah they're up to something alright, spending our follow_me 12/15/17 07:56:24 PM
#500698   EVER ONE is entitled to their opinion, fwh3334zeke 12/15/17 07:47:54 PM
#500697   sharing4u, thank you so much and this is Large Green 12/15/17 07:46:19 PM
#500696   It's funny how this board's Rockstars and know-it-all follow_me 12/15/17 07:44:12 PM
#500695   Filing as a foreign entity allows you to $27 12/15/17 07:40:09 PM
#500694   Do not waste your time with him, as fwh3334zeke 12/15/17 07:37:46 PM
#500693   I would say no keep you money in bond-007 12/15/17 07:36:00 PM
#500692   Arisebank? cura asada 12/15/17 07:13:35 PM
#500691   I noticed you conveniently chose to ignore the hotmeat 12/15/17 07:13:25 PM
#500690   me neither. JB3136 12/15/17 07:09:29 PM
#500689   Then I am curious , why do you BBANBOB 12/15/17 07:07:49 PM
#500688   NO sir and if nothing else THAT ALONE BBANBOB 12/15/17 07:06:23 PM
#500687   I do expect we will get a return. bond-007 12/15/17 07:05:57 PM
#500686   Not sure they need one if the companies bond-007 12/15/17 07:03:37 PM
#500685   I really don't expect anything.. rockie101 12/15/17 07:01:51 PM
#500684   Here is a good link JB bond-007 12/15/17 07:00:38 PM
#500683   Read the prospectus...ron and johnny are correct....all washington $27 12/15/17 06:59:32 PM
#500682   How many times has he put you and rockie101 12/15/17 06:57:01 PM
#500681   those all seem to say THIS IS NOT JB3136 12/15/17 06:56:29 PM
#500680 bond-007 12/15/17 06:53:58 PM
#500679   Yep, and it can be confusing. bond-007 12/15/17 06:52:32 PM
#500678   "Assets will be there your Honor" no need Major_Bankz 12/15/17 06:50:06 PM
#500677   Or sir you read things INTO THINGS and BBANBOB 12/15/17 06:49:54 PM
#500676   I told ya already I go by what JB3136 12/15/17 06:49:40 PM
#500675   I agree, but it sounded like some thought goodietime 12/15/17 06:49:03 PM
#500674   WaMu 1031 Exchange is no longer an entity sharing4u 12/15/17 06:48:39 PM
#500673   post # 777 jackpot. Just trust "Hosen your Major_Bankz 12/15/17 06:46:53 PM
#500671   this is the most informative post of the JB3136 12/15/17 06:43:52 PM
#500670   Verrrrrrrrrrrry appropriate number on your POST PARD!!!!!!!!!!!!!!!!! BBANBOB 12/15/17 06:43:22 PM
#500669   rockie101 12/15/17 06:42:54 PM
#500668   He might as well have said it....he is rockie101 12/15/17 06:42:53 PM
#500667   Foreign in this case means the entity is DRgreek 12/15/17 06:42:43 PM
#500666   "The Assets will be there your honor", trust Major_Bankz 12/15/17 06:40:27 PM
#500665   Wamu 1031 Exchange was a domestic corp in bond-007 12/15/17 06:40:24 PM
#500664   That is nothing new, been that fwh3334zeke 12/15/17 06:39:38 PM
#500663   HEHEHEH but just ask all here that spew BBANBOB 12/15/17 06:37:59 PM
#500662   Told ya. FormerKQ 12/15/17 06:37:11 PM
#500661   remember we are dealing with crooks. can't trust Major_Bankz 12/15/17 06:36:11 PM
#500660   DB= still at FDIC! fwh3334zeke 12/15/17 06:35:03 PM
#500659   IF IF IF it's not worth it , BBANBOB 12/15/17 06:34:21 PM
#500658   Please show me WHERE HE PROMISED CHIT TIA BBANBOB 12/15/17 06:33:12 PM
#500657   From your link. goodietime 12/15/17 06:33:05 PM
#500656   Looks like one of their Magic tricks, Major_Bankz 12/15/17 06:32:57 PM
#500655   I also think the DEUTSCHE BANK PLUS A fwh3334zeke 12/15/17 06:28:11 PM
#500654   So they dissolved WAMU 1031 last week, where Major_Bankz 12/15/17 06:24:38 PM
#500653   Not unless all of it is gonna stay BBANBOB 12/15/17 06:22:52 PM