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Last Post: 7/21/2018 10:12:07 PM - Followers: 1606 - Board type: Free - Posts Today: 0


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

 U.S. Chart



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WMIH News: Current Report Filing (8-k) 07/16/2018 04:27:06 PM
WMIH News: WMIH and Nationstar Mortgage Announce Election Deadline for Preferred Form of Merger Consideration 07/16/2018 04:05:00 PM
WMIH News: Current Report Filing (8-k) 07/06/2018 05:26:58 PM
WMIH News: Small Company Offering and Sale of Securities Without Registration (d) 07/05/2018 06:02:31 AM
WMIH News: Statement of Changes in Beneficial Ownership (4) 07/03/2018 01:35:33 PM
PlusOneCoin Top Posts
#526763   how can YOU "NOT" see it.....KMART share holders diamondguru-one 07/15/18 05:50:53 PM
PostSubject
#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
#527898   Thanks, That is why I tried to use Royal Dude 07/21/18 10:12:07 PM
#527897   Royal Dude, thanks for all your hard work. Nightdaytrader 07/21/18 09:58:18 PM
#527896   https://investorshub.advfn.com/uimage/uploads/2016/10/26/iikhggiphy.gif wamugold 07/21/18 09:32:27 PM
#527895   I post this as an observation because as Royal Dude 07/21/18 09:16:09 PM
#527894   The Following Proves to Me Assets Were Released-Ready Large Green 07/21/18 09:12:42 PM
#527893   my only point, why share the loot 2.5% Major_Bankz 07/21/18 09:11:46 PM
#527892   I don't remember exactly from where, all I Major_Bankz 07/21/18 08:52:35 PM
#527891   WMIH Filed 8K on 6/26/2018 – MONIES LEGALLY Large Green 07/21/18 08:50:20 PM
#527890   "also I think the 2.5% must be disbursed goodietime 07/21/18 08:47:52 PM
#527889   the 2.5% must be distributed to WMIH, but Major_Bankz 07/21/18 08:36:18 PM
#527888   also I think the 2.5% must be disbursed Major_Bankz 07/21/18 08:30:31 PM
#527887   Calculating tax if your income is subject to ron_66271 07/21/18 08:23:48 PM
#527886   Change In Ownership has nothing to do with hotmeat 07/21/18 08:07:16 PM
#527885   Totally false, based on actual tax regulations... bkshadow 07/21/18 08:05:23 PM
#527884   Tip much quicker catching up with all the JB3136 07/21/18 08:03:37 PM
#527883   Clay I like you and I respect you, maps2667 07/21/18 08:01:26 PM
#527882   According to how FDIC-R classify them. fwh3334zeke 07/21/18 08:00:01 PM
#527881   IMHO it wont be A SETTLEMENT !! diamondguru-one 07/21/18 07:56:03 PM
#527880   "100%" correct diamondguru-one 07/21/18 07:54:44 PM
#527879   If the money is classified as a SETTLEMENT fwh3334zeke 07/21/18 07:48:12 PM
#527877   never heard that before....has NOTHING to do with diamondguru-one 07/21/18 07:44:51 PM
#527876   Thanks for the info onco 07/21/18 07:04:20 PM
#527875   W-9, The Government Withholds 28% ron_66271 07/21/18 06:55:50 PM
#527874   I just got home from a family get fwh3334zeke 07/21/18 06:18:40 PM
#527873   Exactly, there is no responsibility of the wmitrust AllRightWamu 07/21/18 06:14:29 PM
#527872   Signed Releases and Tax Form. Can someone nhtrader 07/21/18 06:13:27 PM
#527871   yep looks like its the only option, also Major_Bankz 07/21/18 06:05:31 PM
#527870   * * $WMIH Video Chart 07-20-18 * * ClayTrader 07/21/18 05:47:16 PM
#527869   Me too. It must. Or considering other pliable tzebedee 07/21/18 05:44:40 PM
#527868   will book a suite in Bellagio only when Major_Bankz 07/21/18 05:36:49 PM
#527867   Dam straight! It's there, time to party.. tzebedee 07/21/18 05:32:53 PM
#527866   thx! hope we all get rewarded handsomely, we Major_Bankz 07/21/18 05:25:41 PM
#527865   Good for you!! ;) tzebedee 07/21/18 05:21:49 PM
#527864   Wise young man bro. :-) Major_Bankz 07/21/18 05:21:04 PM
#527861   yo! u put all your eggs in one Major_Bankz 07/21/18 05:14:01 PM
#527860   Let's do the math. jerrylev 07/21/18 05:09:31 PM
#527859   "LG" thanks for your response : It seems soundincrest 07/21/18 05:07:50 PM
#527858   Jerryeeeeeeeeeeee and everyone else.... EscrowDollars 07/21/18 05:03:59 PM
#527857   Yep, Last time to buy your tickets and wamugold 07/21/18 04:59:23 PM
#527856   book it tzebedee July 31st, BIG money will Major_Bankz 07/21/18 04:58:40 PM
#527855   Is wmih deal going to close? Hmmm tzebedee 07/21/18 04:55:33 PM
#527854   exactly what I will buy with the loot, Major_Bankz 07/21/18 04:52:01 PM
#527853   tzebedee, Are you saying before the end of pm1012244448 07/21/18 04:49:15 PM
#527851   Or simultaneously.Not a peep out of or about tzebedee 07/21/18 04:18:56 PM
#527850   I know this, those safe harbored assets,, under tzebedee 07/21/18 04:14:19 PM
#527849   Right on LG! Chain of title! This is tzebedee 07/21/18 04:12:35 PM
#527848   Not really painful, just glad I signed that garyhalvo 07/21/18 04:10:04 PM
#527847   Why may I ask you think the proffered onco 07/21/18 03:53:43 PM
#527846   No problem. I never claimed that I jerrylev 07/21/18 03:49:11 PM
#527845   Good, and it makes sense. Bizreader 07/21/18 03:44:28 PM
PostSubject