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Last Post: 9/19/2017 4:40:35 PM - Followers: 1565 - Board type: Free - Posts Today: 113

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: 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
WMIH News: WMIH Corp. Announces Retention Of Financial Adviser 08/21/2017 04:05:00 PM
WMIH News: Current Report Filing (8-k) 08/10/2017 04:18:38 PM
WMIH News: Quarterly Report (10-q) 08/09/2017 04:20:30 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
#488283   Historically speaking, its safe to bet you're correct. AaronTrainer 09/19/17 04:40:35 PM
#488282   Plaintiff - Appellant Fletch-42 09/19/17 04:32:28 PM
#488281   Third Circuit U.S. Court of Appeals newflow 09/19/17 04:20:00 PM
#488280   Well so much for the 19th...just another day rockie101 09/19/17 04:07:45 PM
#488279   Nope. Upperlippy 09/19/17 03:57:45 PM
#488278   Are you serious? Smh dennyduper 09/19/17 03:52:34 PM
#488277   MBS's are long term plans for KKR Royal Dude 09/19/17 03:50:53 PM
#488276   What exhibit link plz?? kevins131 09/19/17 03:50:10 PM
#488275   "you just did your last post"... AaronTrainer 09/19/17 03:49:02 PM
#488274   Exhibit 10.1 goodietime 09/19/17 03:47:49 PM
#488273   4% from wmih common hitting 52 wk low.. Peyton976 09/19/17 03:38:47 PM
#488272   But you just did your last post, so...... dennyduper 09/19/17 03:30:03 PM
#488271   Im not offended, youre out of line. Dont AaronTrainer 09/19/17 03:28:23 PM
#488270   I concur. With DB probate done, someone would LuckyPanda 09/19/17 03:24:51 PM
#488269   They've had 9 years to figure it out. dennyduper 09/19/17 03:22:56 PM
#488268   We should hear from FDIC within next two katekir1234 09/19/17 03:11:52 PM
#488267   Just common sense. It's date after date after vermin 09/19/17 03:01:30 PM
#488266   Royal, that is the truth 100% correct...I hope UncleBo 09/19/17 02:47:20 PM
#488265   WTH, lol!!!!!!! Don't be offended because you repeatedly dennyduper 09/19/17 02:30:49 PM
#488264   ~ Hmm' Just Thinking Out Loud ~ AZCowboy 09/19/17 02:30:48 PM
#488262   Sounds like a little hacking going on. Just sayinh dennyduper 09/19/17 01:58:15 PM
#488261   mine was MHYS. We need a non escrower tzebedee 09/19/17 01:46:04 PM
#488260   SGB, the Puerto Rican people are proud... bkshadow 09/19/17 01:41:55 PM
#488259   TD Amertrade is in the process of absorbing Fletch-42 09/19/17 01:41:38 PM
#488257   after much time on with REAL people at BBANBOB 09/19/17 01:29:44 PM
#488256   ok.. stoxjock 09/19/17 01:18:17 PM
#488255   yep BBANBOB 09/19/17 01:15:21 PM
#488254   no BBANBOB 09/19/17 01:13:48 PM
#488253   schwab as it did with several here yesterday BBANBOB 09/19/17 01:13:07 PM
#488252   EXACTLY!,all I see in my account is a wamugold 09/19/17 01:07:33 PM
#488251   zalv IF YOU SAY SOOOOOOOO LOL doczugunda 09/19/17 01:06:46 PM
#488250   Escrow getting paid in full. WMIH getting nothing, Zalviny 09/19/17 01:03:25 PM
#488249   Just got an email TD Ameritrade and Scottrade dennyduper 09/19/17 01:01:56 PM
#488248   BB, i have somewhat let it go albeit tzebedee 09/19/17 12:59:47 PM
#488247   Which brokerage account is that happening with, if stoxjock 09/19/17 12:52:36 PM
#488246 Royal Dude 09/19/17 12:47:03 PM
#488245   nah, these nickler tickers are tricky to trade phinhead1972 09/19/17 12:43:23 PM
#488244   Great dd Tic :) EOM Royal Dude 09/19/17 12:39:41 PM
#488243   OOPS I just refreshed and POOF IT WENT BBANBOB 09/19/17 12:36:58 PM
#488242   LOL! Fantasy land desperation never ends with the UpTickMeASAP 09/19/17 12:35:06 PM
#488241   Thanks Bob Computers do not lie Believe this Royal Dude 09/19/17 12:27:42 PM
#488240   this time when I refresh the number STAYS BBANBOB 09/19/17 12:21:30 PM
#488239   Today the 19th is joining many connections. Star Royal Dude 09/19/17 12:21:19 PM
#488238   ***A FILING OF BEAUTY***LET THE LARGE GREEN FLOW Large Green 09/19/17 12:18:53 PM
#488237   AZ, In your opinion, what % of face goodietime 09/19/17 12:18:06 PM
#488233   short it then.. go all in. tzebedee 09/19/17 12:02:14 PM
#488232   Yes OPINIONS based on incomplete documents, deceptively presented hotmeat 09/19/17 12:02:14 PM
#488231   I too am a pessimist, hence why I'm hotmeat 09/19/17 11:56:37 AM
#488230   haha !, no! I will now. 10 tzebedee 09/19/17 11:56:23 AM
#488229   Unsupported opinions? Have you not seen many many UpTickMeASAP 09/19/17 11:55:28 AM