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Last Post: 5/27/2017 6:55:01 PM - Followers: 1545 - Board type: Free - Posts Today: 29

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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Current Price
Bid Ask Day's Range
WMIH News: WMIH Corp. to Webcast 2017 Annual Meeting of Stockholders 05/26/2017 04:05:00 PM
WMIH News: Quarterly Report (10-q) 05/09/2017 04:21:23 PM
WMIH News: Current Report Filing (8-k) 05/08/2017 04:17:29 PM
WMIH News: Additional Proxy Soliciting Materials (definitive) (defa14a) 04/19/2017 04:22:37 PM
WMIH News: Proxy Statement (definitive) (def 14a) 04/19/2017 04:19:33 PM
#478315  Sticky Note WMIH Corp. to Webcast 2017 Annual Meeting of Stockholders ckaufman2160 05/26/17 04:29:21 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
#478367   This has always been about WaMu's estate and/or Large Green 05/27/17 06:55:01 PM
#478366   So your saying this is a fight over footballref-8541 05/27/17 06:42:34 PM
#478365   Thanks for that LG. I and many Jestiron 05/27/17 06:31:50 PM
#478364   If that is true then they sure are forestflanigan 05/27/17 05:49:06 PM
#478363   Jestiron, look at it from this VERY SIMPLIFIED way Large Green 05/27/17 05:36:44 PM
#478362   Every time an entity converts into common WMIH Jestiron 05/27/17 05:23:05 PM
#478361   Perhaps the HFs didn't want a pro-active mgmt stoxjock 05/27/17 05:10:05 PM
#478360   hahahahhaha thats really funny Return from the Future Olti100 05/27/17 03:48:19 PM
#478359   LG, well done DD recap. Thanks for lowering intuitive3 05/27/17 03:47:38 PM
#478358   I'll answer you after the SH meeting garyhalvo 05/27/17 03:44:42 PM
#478357   My up-to-date view - This is where WMIH Large Green 05/27/17 03:29:47 PM
#478356   Have the scumbags on the BOD done one Coyle 05/27/17 03:12:42 PM
#478355   Just watched how nothing but SHIAT is talked wamugold 05/27/17 02:48:00 PM
#478354   Tony Racki was right once this hits around wamugold 05/27/17 02:45:29 PM
#478353   I don't understand your optimism?!, we have been wamugold 05/27/17 02:39:21 PM
#478352   Any other CEO's would have been booted a forestflanigan 05/27/17 01:20:10 PM
#478350   Might lose a few detractors of WMIH & fwh3334zeke 05/27/17 11:27:43 AM
#478349   I would guess if money shows up this dialer55 05/27/17 11:16:27 AM
#478348   BBanbob I like your optimism ! Good post! Bill48 05/27/17 10:14:49 AM
#478347   NOPEY its time to CHANGE THE QB, and BBANBOB 05/27/17 09:38:43 AM
#478346   Those you SPEAK of SMALL INVESTORS were most BBANBOB 05/27/17 09:34:13 AM
#478345   Would be appropriate but don't thunk that will happen.. BBANBOB 05/27/17 09:29:01 AM
#478342   This is the best post of today.Thanks for Olti100 05/27/17 04:03:12 AM
#478341   NASDAQ:WMIH) Reported Increase in Shorted Shares REALtime64 05/27/17 12:29:51 AM
#478340   I mostly agree, but I'm never selling vodkadejour 05/27/17 12:19:03 AM
#478339   Seems I recollect running a corporation a few Owndude 05/27/17 12:02:29 AM
#478336   BOD wants to Bury and finish this OFF!! wamugold 05/26/17 11:47:56 PM
#478334   WMIH=ROYAL POS!!! wamugold 05/26/17 11:41:50 PM
#478333   They got away with murder!!! wamugold 05/26/17 11:37:48 PM
#478331   This was just a cruel joke on small investor!!! wamugold 05/26/17 11:37:00 PM
#478330   I hope this POS gets delisted soon!!!I wamugold 05/26/17 11:34:05 PM
#478329   We can post until we are BLUE in fwh3334zeke 05/26/17 10:29:44 PM
#478328   Post interesting stuff! Like we need the mattchew 05/26/17 10:18:40 PM
#478327   Since they dont want a paper trail lets WAMUSHAMU 05/26/17 09:41:30 PM
#478326   All I can say is wow nice PayDay! REALtime64 05/26/17 08:05:14 PM
#478325   Happy Memorial Day Weekend to Everyone, Especially Veterans stoxjock 05/26/17 07:52:13 PM
#478324   Who said it would? JB3136 05/26/17 07:49:22 PM
#478323   Yeah, Posting here may not change anything But stoxjock 05/26/17 07:29:32 PM
#478322   And how will posting here change anything?? fwh3334zeke 05/26/17 07:03:54 PM
#478321   still red on the original investment after 8+ JB3136 05/26/17 06:14:13 PM
#478319   closed down 8% today on the verge of JB3136 05/26/17 05:35:00 PM
#478316   As soon as I set a imminent date Royal Dude 05/26/17 04:30:39 PM
#478315   WMIH Corp. to Webcast 2017 Annual Meeting of Stockholders ckaufman2160 05/26/17 04:29:21 PM
#478313   20,000 SHARES is a big DUMP???????????????????????? BBANBOB 05/26/17 04:10:01 PM
#478311   big dump at the end Zalviny 05/26/17 04:01:06 PM
#478310   Just, I have always been a proponent of Royal Dude 05/26/17 03:58:54 PM
#478308 many things are in alignment for June Jestiron 05/26/17 03:28:32 PM
#478306   rode in one that was like 750HP SCARED BBANBOB 05/26/17 03:22:08 PM
#478305   that's the smart way to go about it. JB3136 05/26/17 03:12:47 PM
#478302   When & if I see the $$ in fwh3334zeke 05/26/17 02:56:47 PM