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Last Post: 11/20/2017 7:47:03 PM - Followers: 1568 - Board type: Free - Posts Today: 123

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: WMIH Corp. Announces Receipt of Nasdaq Minimum Bid Price Notification 11/16/2017 04:30:00 PM
WMIH News: WMIH Corp. Announces Redemption Of Senior Second Lien Runoff Note 10/03/2017 08:00:00 AM
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
#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
#496479   Let me guess...Lifetime? Hallmark? gg4 11/20/17 08:01:32 PM
#496478   I do certainly learn more watching tv than JB3136 11/20/17 07:59:38 PM
#496477   It will be over when it's over!! GO gg4 11/20/17 07:47:03 PM
#496476   Me? Ready for this 9 years plus thing JB3136 11/20/17 07:45:18 PM
#496475   HA LOL, soft inside, HARD BARK OUTSIDE!!!, tv guy. gg4 11/20/17 07:40:51 PM
#496474   Dave from storage wars? JB3136 11/20/17 07:38:03 PM
#496473   I THINK YOU DID TOO!!! KMART RUN COMING!!! gg4 11/20/17 07:28:48 PM
#496472   YUP!!!! gg4 11/20/17 07:26:27 PM
#496471   Yes, but remember this board is based on beaufort 11/20/17 06:13:10 PM
#496471   Holding for the big picture, afraid they wont WAMUSHAMU 11/20/17 06:13:10 PM
#496470   you nailed it.... diamondguru-one 11/20/17 06:11:36 PM
#496468   I'm no longer a male, I came out Major_Bankz 11/20/17 06:04:37 PM
#496467   Is that the ol' broken clock saying? dragoon76 11/20/17 06:00:55 PM
#496466   Well, welcome to 'Murica! We care here! dragoon76 11/20/17 06:00:19 PM
#496465   You're correct, but have you read his posts dragoon76 11/20/17 05:57:45 PM
#496464   Royal needs only to be right once. You don't. Upperlippy 11/20/17 05:51:02 PM
#496462   when has anybody on this board been right? beaufort 11/20/17 05:47:38 PM
#496461   You can be wrong and a nice person Upperlippy 11/20/17 05:47:03 PM
#496460   LOL that was a funny typo JB3136 11/20/17 05:42:32 PM
#496459   I know, it's truely blizzare JB3136 11/20/17 05:40:50 PM
#496458   Gluten, hope he’s not allergic, lol. dennyduper 11/20/17 05:39:43 PM
#496457   GREAT POST pm1012244448 11/20/17 05:33:24 PM
#496456   GREAT POST pm1012244448 11/20/17 05:29:14 PM
#496455   When has he ever been right? LOL dragoon76 11/20/17 05:24:57 PM
#496454   they still believe him after being wrong for Major_Bankz 11/20/17 05:20:31 PM
#496453   BB, you can be such a jerk, behave Upperlippy 11/20/17 05:17:08 PM
#496452   He's just a gluten for being wrong I JB3136 11/20/17 05:16:02 PM
#496451   Was looking thru the fund holdings today of Peyton976 11/20/17 05:15:14 PM
#496450   I hope you are right. I have been 2221 11/20/17 05:03:08 PM
#496449   exactly, just like his DELL prediction. LOL another Major_Bankz 11/20/17 05:01:27 PM
#496448   Didn't the 'main players' know that. IMO, they goodietime 11/20/17 04:58:01 PM
#496447   Az,Ron ,Large and others (they know who they mufa 11/20/17 04:45:52 PM
#496446   Thanks Royal, a truly majestic contribution. No questions. Upperlippy 11/20/17 04:44:36 PM
#496445   Have you saw on incident where the FDIC fwh3334zeke 11/20/17 04:43:13 PM
#496444   AZ is not just "wrong" because he missed ReikoBlack 11/20/17 04:37:48 PM
#496443   RD, wow, that is quite a post. When Large Green 11/20/17 04:33:27 PM
#496442   Thanks for your Greate DD.Was a good INFO Olti100 11/20/17 04:29:55 PM
#496441   Thanks for your Greate DD.Was a good INFO Olti100 11/20/17 04:29:40 PM
#496440   Really then stop posting and go away gg4 11/20/17 04:24:41 PM
#496439   true, BUT DEUTSCHE BANK settlement has been involved fwh3334zeke 11/20/17 04:24:13 PM
#496438   Perhaps you could ask AZCowboy to give his shiftyshoes 11/20/17 03:57:03 PM
#496437   HE HAS and HE HAS several times!!!!!!!!!!!!!!!!!!!!!! BBANBOB 11/20/17 03:55:25 PM
#496436   Well...if it did actually happen, we wouldn't know dragoon76 11/20/17 03:47:51 PM
#496435   Disappointing start to the week. JB3136 11/20/17 03:43:39 PM
#496434   Different posters can have varying opinions about what AaronTrainer 11/20/17 03:40:42 PM
#496433   What's the big deal on timing...if it by rockie101 11/20/17 03:40:09 PM
#496432   Perhaps you could ask AZCowboy to give his ReikoBlack 11/20/17 03:31:26 PM
#496431   IMO and considering our experience with past events wamugold 11/20/17 03:30:10 PM
#496430   AZCowboy, Thanks for your response. Dmdmd2020 11/20/17 03:24:18 PM
#496422   Expected Escrow return >= $80 billion LuckyPanda 11/20/17 01:53:12 PM