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WMIH Corp. (WMIH)

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Last Post: 12/15/2017 1:12:10 PM - Followers: 1573 - Board type: Free - Posts Today: 62


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


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
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


Quote Germany

http://quotes.wsj.com/DE/XMUN/07W?mod=DNH_S_cq

http://quotes.wsj.com/DE/XBER/07W





 
SEC Filings for WMIH  
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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
PostSubject
#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
#490824   Sir we are currently up 2 pennies cheechmoney 10/06/17 12:08:51 PM
#490823   Lol cheechmoney 10/06/17 12:07:13 PM
#490822   BS if something is coming, wouldn't be up Zalviny 10/06/17 12:04:40 PM
#490820   Wrong again take a look into JPM's sorted BBANBOB 10/06/17 11:59:48 AM
#490819   something is always up but nothing ever materializes. wamugold 10/06/17 11:57:57 AM
#490817   Shiffty were those BOUGHT as a whole complete BBANBOB 10/06/17 11:56:06 AM
#490816   Volume doubled in the last half hour.. something cheechmoney 10/06/17 11:55:13 AM
#490815   That's right pocket9s WMNU saved JPM! You bet JB3136 10/06/17 11:55:05 AM
#490813   Very good post BBNB. dennyduper 10/06/17 11:53:28 AM
#490812   Money from the paid second lien notes moving JusticeWillWin 10/06/17 11:47:57 AM
#490810   Actually, you're wrong about that too. JPM was Roach58 10/06/17 11:39:31 AM
#490809   WAMU was the worst. Pocket9s 10/06/17 11:37:30 AM
#490808   $0.99 printed, looking like a green day ==> chart JusticeWillWin 10/06/17 11:37:06 AM
#490807   has been very hard to disseminate who's was shiftyshoes 10/06/17 11:34:48 AM
#490806   Ref: SO will they just magically make the CBA09 10/06/17 11:26:19 AM
#490805   WHAT MEGA BANK WASN'T OR ISN'T, even still? BBANBOB 10/06/17 11:23:21 AM
#490804   Better not. JB3136 10/06/17 11:20:32 AM
#490803  Restored FAKE REALtime64 10/06/17 11:15:13 AM
#490802   So it will be amended an carry forward REALtime64 10/06/17 11:10:38 AM
#490801   WAMU was a criminal enterprise Pocket9s 10/06/17 11:09:22 AM
#490800   Yes it IS torture but we all must BBANBOB 10/06/17 11:01:10 AM
#490799   WHAT is IT==????? NOT down a full penny fwh3334zeke 10/06/17 10:54:52 AM
#490798   it is still worthless Zalviny 10/06/17 10:50:17 AM
#490797   just over 3 months old. Jestiron 10/06/17 10:45:55 AM
#490795   This isn't a settlement..This is Torture. shiftyshoes 10/06/17 10:36:15 AM
#490794   Finally. Finally I had the discipline to take AaronTrainer 10/06/17 10:23:49 AM
#490793   SO will they just magically make the Escrows deanna-hopkins 10/06/17 10:12:52 AM
#490792   LG, Outstanding DD and post. intuitive3 10/06/17 10:07:55 AM
#490791   Intraday Realtime Chart JusticeWillWin 10/06/17 10:00:29 AM
#490789   Wow going way down called it once again REALtime64 10/06/17 09:43:49 AM
#490788   Yep started at 3.00 all the way here REALtime64 10/06/17 09:36:36 AM
#490786   Up on a sell order wow ok now REALtime64 10/06/17 09:33:09 AM
#490785   so heres the truth fellas on this post... Peyton976 10/06/17 09:25:23 AM
#490782   That is my understanding also, come hell or JB3136 10/06/17 08:49:35 AM
#490781   I don't believe the LT has any extensions DRgreek 10/06/17 08:38:05 AM
#490780   Employee claims will disappear within a very short Large Green 10/06/17 08:36:23 AM
#490779   LARGE - regarding this topic: mgmuc 10/06/17 08:23:40 AM
#490778   Important Actions Tells Me WMIH is Within Days/Hours Large Green 10/06/17 06:29:03 AM
#490776   Sounds like someone is nervous, LOL. WMIH will dragoon76 10/06/17 02:12:08 AM
#490774   That sounds like a huge SCAM right there REALtime64 10/06/17 12:34:21 AM
#490773   Proff easy I have 144 hedgefudgeees that will REALtime64 10/06/17 12:08:16 AM
#490772   If no one has noticed, the closer this dennyduper 10/05/17 11:24:19 PM
#490771   SMH....because of posts like the one you referenced, hotmeat 10/05/17 10:41:05 PM
#490770   your opinion??? fwh3334zeke 10/05/17 10:09:26 PM
#490769   that means waiting for another 14yrs M&A Zalviny 10/05/17 09:47:54 PM
#490767   Take it easy. There's an audit committee with Willingham Desperado90 10/05/17 08:45:40 PM
#490764   Thank You! WAMUSHAMU 10/05/17 08:13:41 PM
#490763   WMIH Corp. is based out of Seattle, WA REALtime64 10/05/17 08:00:28 PM
#490761   Where is all this coming from? dennyduper 10/05/17 07:57:26 PM
#490760   Make a call to DB. Let us know garyhalvo 10/05/17 07:41:52 PM
PostSubject