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Last Post: 7/26/2017 2:36:07 PM - Followers: 1556 - 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. 


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) 07/07/2017 04:17:28 PM
WMIH News: Small Company Offering and Sale of Securities Without Registration (d) 06/13/2017 06:02:28 AM
WMIH News: Initial Statement of Beneficial Ownership (3) 06/12/2017 04:04:35 PM
WMIH News: Current Report Filing (8-k) 06/09/2017 04:17:25 PM
WMIH News: Current Report Filing (8-k) 06/06/2017 04:21:46 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
#483434   I beg to disagree. I thought Art Bluzie2 07/26/17 02:36:07 PM
#483433   Bluzie, IMO Art Steinburg was in bed with ItsMyOption 07/26/17 02:32:31 PM
#483432   Super low volume today! What does it mean!?!? AaronTrainer 07/26/17 02:30:00 PM
#483431   I think it has been proven that JPM fwh3334zeke 07/26/17 02:29:20 PM
#483430   I wish you the best. You _might_ Bluzie2 07/26/17 02:28:59 PM
#483429   Hi Bluzie2, I understand your feeling with JPM ItsMyOption 07/26/17 02:26:21 PM
#483428   Susman was on top of things when he dennyduper 07/26/17 02:23:06 PM
#483427   Who got the valuable real estate of the austin01 07/26/17 02:20:39 PM
#483426   Words like this make one sleep better than Large Green 07/26/17 02:03:37 PM
#483425   """, each holder of a Preferred Equity Interest, BBANBOB 07/26/17 02:01:08 PM
#483424   ***Exciting Times*** Let Us Review*** So, So Much Large Green 07/26/17 01:54:45 PM
#483423   ***75/25*** PREFERRED and COMMON EQUITY INTERESTS Large Green 07/26/17 01:51:21 PM
#483422   I answered Donotunderstand before I read the board. dennyduper 07/26/17 01:44:06 PM
#483421   So you believe that. Even the judge after dennyduper 07/26/17 01:40:31 PM
#483420   I know that, and you know that equity dennyduper 07/26/17 01:39:05 PM
#483419   WE are well aware of this PERIOD, so BBANBOB 07/26/17 01:24:05 PM
#483418   FUNNY it sure the hell was to the BBANBOB 07/26/17 01:19:10 PM
#483417   civil war and BB and ? Donotunderstand 07/26/17 01:15:05 PM
#483416   but the assets were not hidden - says Donotunderstand 07/26/17 01:13:14 PM
#483415   yes but Donotunderstand 07/26/17 01:11:46 PM
#483414   Bluzie we are ALL WAITING to see, since BBANBOB 07/26/17 11:47:37 AM
#483413   Actually, Dime had big-time participation by hedge funds Bluzie2 07/26/17 11:28:16 AM
#483412   DIME & Anchor Bank didn't have Hedge Fund sometimes_right 07/26/17 11:25:46 AM
#483411   You are correct that the trusts are separate Bluzie2 07/26/17 11:23:10 AM
#483410   Ha, well, thanks, but this is all on Bluzie2 07/26/17 11:17:18 AM
#483409   Bluezie, your playing both sides of the fence footballref-8541 07/26/17 11:16:56 AM
#483408   tnt waiting for a flame;) tzebedee 07/26/17 11:16:28 AM
#483407   Good luck to you Sir/Madam, and remember to dine 07/26/17 11:10:55 AM
#483406   Knew that. Kmart bought Sears. That was curious. Civil War General 07/26/17 11:02:47 AM
#483405   I'm back and ticked. JPMs stunt with Bluzie2 07/26/17 10:57:07 AM
#483404   I get it. But K-Mart was a Bluzie2 07/26/17 10:54:36 AM
#483403   Thank you and I am glad you are Large Green 07/26/17 10:52:45 AM
#483402   IT never was suggested this WAS ABOUT REAL BBANBOB 07/26/17 10:49:39 AM
#483401   Well, somewhat decent comparison to K-Mart. That Bluzie2 07/26/17 10:43:12 AM
#483400   Yep, just confirming the general consensus. Thanks! Juschilln 07/26/17 10:11:58 AM
#483399   Because the price WMIH has been CONTROLLED for fwh3334zeke 07/26/17 10:10:00 AM
#483398   If WMIH is so great, why is the Juschilln 07/26/17 09:57:43 AM
#483397   Willingham based forum... ?! UncleBo 07/26/17 09:52:08 AM
#483396   I'll explain for him since he has you BBANBOB 07/26/17 09:51:41 AM
#483395   surly you jest BBANBOB 07/26/17 09:33:28 AM
#483394   bkshadow, Please feel free and comment on this article. mufa 07/26/17 09:31:45 AM
#483393   He's only comparing how the stock went from dennyduper 07/26/17 09:29:19 AM
#483392   he is talking the original CH 11 Donotunderstand 07/26/17 09:27:53 AM
#483391   like K mart ? Donotunderstand 07/26/17 09:26:32 AM
#483390   This could be bigger than any of us dennyduper 07/26/17 09:23:26 AM
#483389   Been around since pre-seizure. Just hadn't heard of austin01 07/26/17 09:17:48 AM
#483388   I know this has been discussed many times, BBANBOB 07/26/17 09:00:16 AM
#483387   Thanks yes it was confirmed by his report. popcorn202 07/26/17 08:58:00 AM
#483386   YIKES!!!!! THAT MEANS ESCROWS GET IT ALL.......... OH NO!!!!!!!!! beaufort 07/26/17 08:57:42 AM
#483385   SO does this post by Creyno BBANBOB 07/26/17 08:53:47 AM