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WMI Holdings Corp and WMI Liquidating Trust

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WMIH Corp. (NASDAQ: WMIH) provides quality servicing, origination and transaction-based services related principally to single-family residences throughout the United States with operations under its primary brands: Mr. Cooper®, Xome® and Champion Mortgage®. Mr. Cooper is one of the largest home loan servicers in the country focused on delivering a variety of servicing and lending products, services and technologies. Xome provides technology and data enhanced solutions to homebuyers, home sellers, real estate agents and mortgage companies. Champion Mortgage is the nation’s largest reverse mortgage servicer.

Upon completion of the merger between WMIH Corp. and Nationstar Mortgage Holdings Inc. on July 31, 2018, WMIH became the parent company of the Nationstar Mortgage Holdings Inc. family including Mr. Cooper (Nationstar Mortgage LLC, d/b/a Mr. Cooper), Xome and Champion Mortgage (Nationstar Mortgage LLC d/b/a Champion).


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. Washington Mutual Inc. has reorganized to Washington Mutual Holding Inc. WITH SHAREHOLDERS INTACT


AMENDED PURCHASE AND ASSUMPTION AGREEMENT - Settlement Extension to September 30, 2010

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


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WMIH News: Proxy Statement (definitive) (def 14a) 09/14/2018 06:36:02 AM
WMIH News: WMIH to Present at the Barclays Global Financial Services Conference 09/05/2018 06:54:00 PM
WMIH News: Statement of Changes in Beneficial Ownership (4) 09/05/2018 04:19:24 PM
WMIH News: Automatic Shelf Registration Statement of Securities of Well-known Seasoned Issuers (s-3asr) 08/30/2018 06:29:33 AM
WMIH News: Withdrawal of Registration Statement (rw) 08/30/2018 06:25:51 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
#397110  Sticky Note WaMu Seesaws On M&A Speculation fsshon 03/24/14 04:17:07 PM
#538750   gg,aggree! intuitive3 09/21/18 04:14:40 PM
#538749   6.3M at closing, total of 18M shares JusticeWillWin 09/21/18 04:11:00 PM
#538748   New, More employee's claims in Joinder filing - ItsMyOption 09/21/18 04:00:22 PM
#538747   I believe that there was a joiner added Royal Dude 09/21/18 03:58:36 PM
#538746   ASTUTE Traders sold off in 2008 BOOKED THEIR BBANBOB 09/21/18 03:47:54 PM
#538745   BBANBOB, AGREE! Just my opinion again. gg4 09/21/18 03:46:36 PM
#538744   Re: “Washington Mutual Inc” released $35 million Class jerrylev 09/21/18 03:35:13 PM
#538743   You keep posting 185 mill shares BBANBOB 09/21/18 03:35:10 PM
#538742   Correction on my part: Dmdmd2020 09/21/18 03:23:14 PM
#538741   Geegee, are you now on board with the jerrylev 09/21/18 03:22:26 PM
#538740   Ron said that they are always right and jerrylev 09/21/18 03:21:16 PM
#538739   Totally agree on both statements. Let's get er gg4 09/21/18 03:00:48 PM
#538738   You never can tell how the big money fwh3334zeke 09/21/18 02:58:03 PM
#538737   Is it your opinion they will not vote gg4 09/21/18 02:50:44 PM
#538736   I'm glad that it's only patent pending, don't garyhalvo 09/21/18 02:50:19 PM
#538735   AGAIN how are you going to get it fwh3334zeke 09/21/18 02:48:34 PM
#538734   IMO...just speculation on my part as of now...but Dmdmd2020 09/21/18 02:47:56 PM
#538733   Let's get this R/S done get it on gg4 09/21/18 02:41:24 PM
#538732   absolutely,just confirmed by Bobvious,LG and Az so it katekir1234 09/21/18 02:34:42 PM
#538731   on the contrary he holds millions of Escrows. UncleBo 09/21/18 02:24:02 PM
#538730  Restored Should see $1.75 print momentarily according to my RickNagra 09/21/18 02:01:13 PM
#538729   Do you still doubt the R/S? jerrylev 09/21/18 01:59:24 PM
#538728   Is the S4V still happening before the R/S? jerrylev 09/21/18 01:55:43 PM
#538727   Bobbbbbbbbbb, since when do you support the R/S? jerrylev 09/21/18 01:48:21 PM
#538726   I will vote yes. The company decides jerrylev 09/21/18 01:44:43 PM
#538725   I agree that the rs seems like a AaronTrainer 09/21/18 01:36:15 PM
#538724   Dmd, I am not sure what you are jerrylev 09/21/18 01:35:02 PM
#538723   I voted yes - not that it matters. contrarian bull 09/21/18 01:15:18 PM
#538722   Thanks Dmdmd2020, excellent work as usual! mattchew 09/21/18 01:11:24 PM
#538721   GEEZ really 100 pennies is still 1$ in BBANBOB 09/21/18 01:10:21 PM
#538720   it still felt good voting NO just as JB3136 09/21/18 12:56:04 PM
#538719   BBanBob, Sorry I need to clarify...I never said Tepper Dmdmd2020 09/21/18 12:55:37 PM
#538718   DMDMD Do you really believe that TEPPER DOESN'T HOLD BBANBOB 09/21/18 12:50:00 PM
#538717   I did but it really doesn’t matter. jhdf51 09/21/18 12:46:02 PM
#538716   Good info . Thanks Dmd. xoom 09/21/18 12:45:49 PM
#538715   Thanks. I kind of figured they are going vermin 09/21/18 12:36:36 PM
#538714   we can vote yes or no as it fwh3334zeke 09/21/18 12:16:37 PM
#538713   Did everyone vote NO? vermin 09/21/18 12:12:15 PM
#538712   And now back to 1.36. Your charts are useless AaronTrainer 09/21/18 12:03:15 PM
#538711   “Colorable claim” Insider trading and Tepper post on Dmdmd2020 09/21/18 11:58:05 AM
#538710   is this just for grant thornton? seamus3500 09/21/18 11:24:43 AM
#538709   The creditors had no claim to the Debtor's (WMI/WMIIC)cash/assets! mattchew 09/21/18 11:12:49 AM
#538708   HAHAHAHA!!! You really don't get it! mattchew 09/21/18 11:02:49 AM
#538707   Affidavit/Declaration of Service re 1) Certification of Counsel Royal Dude 09/21/18 10:58:31 AM
#538706   What is the history of the 75/25% split? contrarian bull 09/21/18 10:43:28 AM
#538705   I'm of the opinion that the payments will hotmeat 09/21/18 10:23:39 AM
#538704   Wrong sir...adherence to APR would have meant all hotmeat 09/21/18 10:14:47 AM
#538703   Random Drunken Walk Theory. MasterBlastr 09/21/18 10:03:43 AM
#538702   More than 1M shares in the first 10 JusticeWillWin 09/21/18 09:40:05 AM
#538701   JWW There ARE THOUGH those few cases of a BBANBOB 09/21/18 09:33:24 AM