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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. Regains Compliance With Nasdaq Minimum Bid Price Listing Requirement 03/01/2018 04:55:00 PM
WMIH News: WMIH Corp. Reports 2017 Annual Financial Results 03/01/2018 07:30:00 AM
WMIH News: Initial Statement of Beneficial Ownership (3) 02/15/2018 04:41:26 PM
WMIH News: Amended Statement of Beneficial Ownership (sc 13d/a) 02/15/2018 06:11:31 AM
PlusOneCoin Top Posts
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#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
#513993   what will tomorrow bring...I hope down ,I hope wamuvoodoo 03/18/18 06:49:55 PM
#513992   what will tomorrow bring...I hope down ,I hope wamuvoodoo 03/18/18 06:49:45 PM
#513991   Mr. Green you are making my eyes roll Split T 03/18/18 06:34:11 PM
#513990   Bob, thanks for sharing your analysis and plans. Helpful. intuitive3 03/18/18 06:26:27 PM
#513989   So HM, do you think that WMIH will jerrylev 03/18/18 06:07:20 PM
#513988   Fine with me I have been here through fwh3334zeke 03/18/18 05:45:33 PM
#513987   Investing 101 Q&A: jerrylev 03/18/18 05:45:31 PM
#513984   I'm all in WMIH, but someone pointed it borbash 03/18/18 05:21:07 PM
#513982   Funny we hear about those great buys and rockie101 03/18/18 04:54:56 PM
#513981  Restored So You buy KKR then. I will stick fwh3334zeke 03/18/18 04:35:57 PM
#513980   Never know Bob he made like an old gg4 03/18/18 04:34:14 PM
#513979   Jerry: Am looking forward to the completion of Emptyhead 03/18/18 04:12:15 PM
#513978   There are 136 hedge funds soft bank KKR BBANBOB 03/18/18 04:11:30 PM
#513977   Jerry BBANBOB 03/18/18 03:57:02 PM
#513976   The big money is with KKR borbash 03/18/18 03:56:31 PM
#513975   Speak for your self I want more WMIH fwh3334zeke 03/18/18 03:48:08 PM
#513974   Great post Bob!!! I surly hope this is Bill48 03/18/18 03:43:25 PM
#513973   I have posted the following many times and jerrylev 03/18/18 03:41:13 PM
#513972   Personally, I consolidated all of my escrow markers jerrylev 03/18/18 03:29:59 PM
#513971   Jerry We as legacy holder are due the legacy BBANBOB 03/18/18 03:28:25 PM
#513970   BBANBOB, this may help explain some differences ASSUMING Large Green 03/18/18 03:12:34 PM
#513969   ***Per Fishman in 2008***WaMu 310 Billion in Assets-Letter Large Green 03/18/18 03:09:48 PM
#513968   Authorized shares does not mean that they will jerrylev 03/18/18 03:06:47 PM
#513967   EH, think about at least 3X-5X return from jerrylev 03/18/18 02:58:01 PM
#513966   JERYY ONE LAST TIME BBANBOB 03/18/18 02:57:50 PM
#513964   Some Facts – A WMIH 8K MUST be Large Green 03/18/18 02:52:27 PM
#513963   LG and along those lines, IF IF IF BBANBOB 03/18/18 02:50:31 PM
#513961   Ok, gracias toneti 03/18/18 02:45:06 PM
#513960   Last count we had 5.8 mill of 200 BBANBOB 03/18/18 02:43:10 PM
#513959   My View of a Potential Scenario That Could Large Green 03/18/18 02:42:05 PM
#513958   Re: PDF 21 of 60 jerrylev 03/18/18 02:41:41 PM
#513956   So that Short Squeeze report of 9% would mypenneys 03/18/18 02:38:36 PM
#513955   I know and these boyzz must have had BBANBOB 03/18/18 02:37:47 PM
#513954   I thought fortress????? has already spoken for all BBANBOB 03/18/18 02:34:48 PM
#513953   Bban Here is an older post of mine t1215s 03/18/18 02:28:23 PM
#513952   Correct me if I am wrong but this es1 03/18/18 02:26:58 PM
#513951   I read from somebody's post that JPM intentionally jerrylev 03/18/18 02:05:57 PM
#513950   from the horse is mouth the one doczugunda 03/18/18 02:05:29 PM
#513949   Yes we HERE know the are but I BBANBOB 03/18/18 02:02:55 PM
#513948   No he changed brokerage houses and yes he BBANBOB 03/18/18 02:01:17 PM
#513947   Escrows most probably are tracked by DTC. newflow 03/18/18 02:00:20 PM
#513946   Looks like he's German. I believe he's trying Equality23 03/18/18 01:38:15 PM
#513945   SORRY what did you just try to say BBANBOB 03/18/18 01:08:04 PM
#513943   OK additional help needed. BBANBOB 03/18/18 12:03:24 PM
#513942   Try & will give different times short fwh3334zeke 03/18/18 11:53:33 AM
#513941   Help Does anyone have the LT's email address????? BBANBOB 03/18/18 11:38:23 AM
#513940   When's the next Short Stock Report come out. mypenneys 03/18/18 11:05:07 AM
#513939   Hey LG you sounds very tired! But still nosch 03/18/18 09:47:43 AM
#513938   Empty, I trusted our Equity Committee legal counsel Large Green 03/18/18 09:27:08 AM
#513936   LG: How Bullish are you on WMIH shares ? Emptyhead 03/18/18 08:38:34 AM