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Last Post: 8/22/2017 10:45:08 AM - Followers: 1561 - Board type: Free - Posts Today: 22

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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SEC Filings for WMIH  
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WMIH News: Current Report Filing (8-k) 08/21/2017 04:17:05 PM
WMIH News: WMIH Corp. Announces Retention Of Financial Adviser 08/21/2017 04:05:00 PM
WMIH News: Current Report Filing (8-k) 08/10/2017 04:18:38 PM
WMIH News: Quarterly Report (10-q) 08/09/2017 04:20:30 PM
WMIH News: Current Report Filing (8-k) 07/07/2017 04:17:28 PM
News News Alert: Current Report Filing (8-k) 08/21/2017 04:17:05 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
#485348   I purchased more WMIH at $1.12 this morning. ItsMyOption 08/22/17 10:56:58 AM
#485347   At the taking of WMB and WMI assets wowalters 08/22/17 10:55:38 AM
#485342   last message for me today.. i say Peyton976 08/22/17 10:10:52 AM
#485341   Shareholders OWNED (past tense) WMI by way of hotmeat 08/22/17 09:53:06 AM
#485340   LOL.... a nickel tick down yesterday, a nickel wamuqsi 08/22/17 09:44:42 AM
#485339   Yeah.... 5-10-15-20 years from now, when your kids, wamuqsi 08/22/17 09:13:13 AM
#485338   did you read the last sentence? Im a Peyton976 08/22/17 09:02:01 AM
#485336   what can go wrong??? The stock is close Peyton976 08/22/17 08:51:20 AM
#485335   Geeeeeezzzz..... After years of milking, these crooks, clowns, wamuqsi 08/22/17 08:44:50 AM
#485334   Who owned WMI? wowalters 08/22/17 08:29:58 AM
#485332   Here is a list of KBW deals. mordicai 08/22/17 07:39:10 AM
#485331   Why won't this company do anything to grow nranger 08/22/17 05:55:15 AM
#485330   All of this talk about an open account creyno58 08/22/17 04:47:17 AM
#485326   Screen shots are good insurance, and don't cost $20.00. sidedraft 08/21/17 11:50:40 PM
#485325   Wow, what a stinky pile! Bizreader 08/21/17 11:44:04 PM
#485324   I have only ONE account if I owned rockie101 08/21/17 11:37:45 PM
#485321   Here is something everyone should do I have rockie101 08/21/17 11:18:52 PM
#485320   BBANBOB...I think you are 100% right. rockie101 08/21/17 11:14:11 PM
#485319   Possible because of trading one may not be Royal Dude 08/21/17 10:44:52 PM
#485317   What do you mean you have an "open" account? AaronTrainer 08/21/17 10:18:40 PM
#485316   Ask at $15 lol AaronTrainer 08/21/17 10:10:35 PM
#485315   ~ T's, I Know Right ? ~ AZCowboy 08/21/17 09:59:36 PM
#485314   T+2 Starts Sept. 5th goodietime 08/21/17 09:38:57 PM
#485313   Why Sep 5th? why is the effective date LuckyPanda 08/21/17 09:33:39 PM
#485312   THANKS JEST!! You know I'm taking care of gg4 08/21/17 09:25:56 PM
#485311   AZ Yes, I can't believe alllll the post t1215s 08/21/17 09:20:25 PM
#485310   Thank you for your reply! goodietime 08/21/17 07:43:13 PM
#485309   CORNFUSED LOL newflow 08/21/17 07:23:57 PM
#485308   ~ So Now, A WMIH Review of its AZCowboy 08/21/17 06:43:51 PM
#485307   Yep. CYA for BOD. "They told bkshadow 08/21/17 06:40:39 PM
#485306   AZ So your take is that all here need BBANBOB 08/21/17 06:29:04 PM
#485305   Well last Thursday and Friday the volume traded mordicai 08/21/17 06:20:57 PM
#485303   ~ Interesting' PR & 8-K, Well, I'm Leaving AZCowboy 08/21/17 06:10:16 PM
#485302   "The market really isn't going to like that goodietime 08/21/17 05:50:53 PM
#485301   Thanks I have a problem that GRANDILOQUENCE Doesn't BBANBOB 08/21/17 05:49:43 PM
#485300   Agreed. As I stated before, there is a hotmeat 08/21/17 05:38:14 PM
#485299   Thanks that's where I wanted it from the gg4 08/21/17 05:37:47 PM
#485298   the ANSWER IS A PHONE CALL AWAY,and you BBANBOB 08/21/17 05:30:09 PM
#485297   Read it got the same answer from Scottrade gg4 08/21/17 05:29:00 PM
#485295   Read post #485220 by BOB or re-read the hotmeat 08/21/17 05:27:20 PM
#485294   Why all the hostility? No dumb questions just gg4 08/21/17 05:26:32 PM
#485293   gg4 LOL doczugunda 08/21/17 05:25:17 PM
#485292   Thank you and thank Bob. Two of my gg4 08/21/17 05:24:16 PM
#485290   The GSA/POR told me that in plain English hotmeat 08/21/17 05:20:43 PM
#485288   Everyone read BBANBOB post 485220 I think what rockie101 08/21/17 05:16:23 PM
#485287   LG, what do you say about what AZ gg4 08/21/17 05:13:46 PM
#485286   Sure way to kill off the small investor. wamugold 08/21/17 05:05:31 PM
#485285   Lol, not going to worry about some beans, garyhalvo 08/21/17 05:03:34 PM
#485284   Rocky I'm not sure yet either but I gg4 08/21/17 05:03:24 PM
#485283   Hot meat, you are 100% sure that just gg4 08/21/17 05:00:09 PM