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Last Post: 2/24/2017 2:31:40 PM - Followers: 1540 - Board type: Free - Posts Today: 40

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

Mar 24, 2015 Press
WMI Liquidating Trust - "WMI Liquidating Trust Provides Information On Escrow CUSIPs"

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Current Price
Bid Ask Day's Range
WMIH News: Amended Statement of Ownership (sc 13g/a) 02/14/2017 02:39:54 PM
WMIH News: Current Report Filing (8-k) 02/08/2017 04:16:52 PM
WMIH News: Current Report Filing (8-k) 01/11/2017 04:18:10 PM
WMIH News: Current Report Filing (8-k) 01/05/2017 04:17:27 PM
WMIH News: Current Report Filing (8-k) 12/06/2016 04:16:49 PM
#469354  Sticky Note Ok, GO4AW, here you have the best collection muyuan51 12/27/16 08:25:19 AM
#442011  Sticky Note Nothing that he has posted supports the proposition mordicai 12/10/15 07:20:26 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
#472654   Shoe I think this comes down to the es1 02/24/17 02:36:17 PM
#472653   Sorry - have been out of the loop DPincus 02/24/17 02:31:40 PM
#472652   nothing that hasn't already been said a million JB3136 02/24/17 02:24:10 PM
#472651   What happened to WMIH? Nothing more to ValueActivist 02/24/17 02:15:36 PM
#472650   Corrupt and inept date the same with slob 02/24/17 01:34:18 PM
#472648   To investor_inquiry [email protected] Royal Dude 02/24/17 01:25:24 PM
#472647   All this hew haw around tell me that rockie101 02/24/17 01:07:40 PM
#472645   The establishment of the Liquidating Trust, the selection PickStocks 02/24/17 12:58:44 PM
#472644   justice undone!! pay up dirtbags! lol Stop delaying tzebedee 02/24/17 12:06:13 PM
#472643   Should do DD, research and study why after wamuqsi 02/24/17 11:57:52 AM
#472640   OK, YEAH! Next POST EOM fwh3334zeke 02/24/17 11:32:23 AM
#472639   yes LT set up about 5 years ago Donotunderstand 02/24/17 11:25:37 AM
#472638   Court Registry with DIRECT LINKS, click'em... bkshadow 02/24/17 11:16:32 AM
#472634   New court documents all about this Grant Thornton litigation. ItsMyOption 02/24/17 10:59:25 AM
#472632   Court Registry A/C "already turned over" via GSA... bkshadow 02/24/17 10:26:40 AM
#472631   No payments can be made to Tranche 6 BBANBOB 02/24/17 10:12:10 AM
#472630   JPMorgan, YES, Supplemental OP... bkshadow 02/24/17 10:09:48 AM
#472629   FDIC, YES, Supplemental OP... bkshadow 02/24/17 10:07:15 AM
#472628   WMILT, YES, as indicated in OP... bkshadow 02/24/17 10:00:41 AM
#472627   This is how I see it from the hotmeat 02/24/17 09:52:06 AM
#472626   Thanks for your information. The wordings "reach holder etzetrade 02/24/17 08:28:13 AM
#472625   Fact,to date $65B was looted from WMI. wowalters 02/24/17 08:27:10 AM
#472624   Court sealed, redacted registry accounts that contain monies Large Green 02/24/17 08:23:00 AM
#472623   Has JPM presented ALL the facts? wowalters 02/24/17 08:22:48 AM
#472622   Has the FDIC presented ALL the facts? wowalters 02/24/17 08:16:39 AM
#472621   Has the WMILT presented ALL the facts? wowalters 02/24/17 08:12:44 AM
#472620   Yep, however, please point out ONE WMILT... bkshadow 02/24/17 07:49:03 AM
#472619   All the facts? wowalters 02/24/17 07:35:56 AM
#472617   No THEORIES at all, just the FACTS... bkshadow 02/24/17 06:54:53 AM
#472615   Hey BsK, any new theories?. newflow 02/24/17 12:54:43 AM
#472614   75/25 of left over assets after all claims newflow 02/23/17 10:35:15 PM
#472613 newflow 02/23/17 10:29:22 PM
#472612   A link to the document you are quoting sidedraft 02/23/17 10:25:23 PM
#472611   LT FOR CREDITORS AND HOLDERS OF EQUITY newflow 02/23/17 09:48:13 PM
#472610   See RRR. also on the same page. newflow 02/23/17 09:37:10 PM
#472609   NOT MORE THAN 100% FOR PREFERRED newflow 02/23/17 09:35:31 PM
#472608   Post # of 472607 goodietime 02/23/17 09:09:16 PM
#472607   bk, How much value is The Retained Assets goodietime 02/23/17 08:27:39 PM
#472606   Has the motion been bared by judge? etzetrade 02/23/17 06:09:11 PM
#472605   When was there ever COMMON SENSE applied to fwh3334zeke 02/23/17 06:08:53 PM
#472603   you know what would be a really nice surprise? JB3136 02/23/17 05:42:53 PM
#472602   Well that a big surprise :) Royal Dude 02/23/17 05:27:21 PM
#472600   Time to push the show wowalters 02/23/17 05:20:07 PM
#472598   Yes I agree "it is what it was" wowalters 02/23/17 05:15:54 PM
#472597   It's a link, click it... bkshadow 02/23/17 05:15:35 PM
#472596   new 52w low then, not good, why does JB3136 02/23/17 05:13:55 PM
#472595   I believe you will be wrong JB3136 02/23/17 05:12:46 PM
#472594   Oh yeah, Michael Willingham, yep... bkshadow 02/23/17 05:11:37 PM
#472593   Court sealed, redacted registry accounts that contain monies Large Green 02/23/17 05:10:27 PM
#472592   WAMU changed A LOT of things. What we seamus3500 02/23/17 05:08:54 PM