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Last Post: 1/19/2018 1:42:50 PM - Followers: 1583 - Board type: Free - Posts Today: 76

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: WMIH Corp. Announces Dissolution of WMI Investment Corp. 01/18/2018 11:20:00 AM
WMIH News: WMIH Corp. Announces Effectiveness of Amendment of Series B Preferred Stock Terms 01/05/2018 08:00:00 AM
WMIH News: WMIH Corp. Announces Amendment of Series B Preferred Stock Terms 12/11/2017 08:44:00 AM
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
#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
#504930   Would the WMB part go to WMIH and BBANBOB 01/19/18 01:54:25 PM
#504929   WMI-LT and WMIH, Breach of Fiduciary Duty ron_66271 01/19/18 01:42:49 PM
#504928   Now IF IF IF this is as you BBANBOB 01/19/18 01:35:14 PM
#504927   LMAO! This is just getting started and if Johnnyiwantsome 01/19/18 01:33:56 PM
#504926   The current WMIIC bankruptcy case is still showing blessedinthecity 01/19/18 01:29:37 PM
#504925   This may ALSO be why KKR didn't hesitate BBANBOB 01/19/18 01:29:17 PM
#504924   OH well our kids may end up getting BBANBOB 01/19/18 01:22:07 PM
#504923   Hey, WMIH Corp. ron_66271 01/19/18 01:21:43 PM
#504922   Yep... Gettin old along with everyone else. (Smile) jhdf51 01/19/18 01:17:07 PM
#504921   By HOOK or by CROOK they are gonna BBANBOB 01/19/18 01:01:26 PM
#504920   "Why shouldn't now the parent company of WMIIC, goodietime 01/19/18 12:42:46 PM
#504919   Very interesting and convincing indeed, that could also JusticeWillWin 01/19/18 12:17:56 PM
#504918   finally opened sorry BBANBOB 01/19/18 11:56:37 AM
#504917   kicked can out another 6 months, 10th revision. JB3136 01/19/18 11:55:21 AM
#504916   Nothing there BBANBOB 01/19/18 11:52:27 AM
#504915   ~ Here’s Just An Initial & Quick Reference, ~ AZCowboy 01/19/18 11:50:20 AM
#504914   Az your right... Nice focus ! Johnnyiwantsome 01/19/18 11:49:42 AM
#504913   I see why the answer is No, maybe MadBadger 01/19/18 11:49:16 AM
#504912   I guess that is CONsidered splaining thanks BBANBOB 01/19/18 11:43:29 AM
#504911   Reiko, Maybe you should have asked him if Assets mytex 01/19/18 11:40:17 AM
#504910   Lawyers just bought themselves another two years of Civil War General 01/19/18 11:40:15 AM
#504909   ~ Yep, I Thought I’d Notify, KKR ~ AZCowboy 01/19/18 11:38:25 AM
#504908   February 2019 The next magic date. Civil War General 01/19/18 11:38:18 AM
#504907   Always wondered HOW one could guarantee a loan BBANBOB 01/19/18 11:27:59 AM
#504906   ~ KKR’s, “Gaurantor”, Got “Dissolved” Yesterday ~ AZCowboy 01/19/18 11:23:30 AM
#504905   Yes I agree, there must be a reason MadBadger 01/19/18 11:17:21 AM
#504904   ~ Who ?, Wants To State What “Landefeld” AZCowboy 01/19/18 10:53:58 AM
#504903   Court Docket: #12450 Email Odin10de 01/19/18 10:50:47 AM
#504902   This is what you get. With no fruition AaronTrainer 01/19/18 10:43:38 AM
#504901   With regards to the SP. I don't think QBert 01/19/18 10:42:21 AM
#504900   It's quite easy to verify. Contact William Gallagher ReikoBlack 01/19/18 10:40:31 AM
#504899   For a very long time now this has t1215s 01/19/18 10:37:32 AM
#504898   mordicai, Are you saying safe harbor assets are pm1012244448 01/19/18 10:34:28 AM
#504897   I call BS to this post being real!!! Bill48 01/19/18 10:34:09 AM
#504896   Did you get an answer back or just mypenneys 01/19/18 10:27:17 AM
#504895   Are you serious? BigBang 01/19/18 10:18:36 AM
#504894   JB, they only will except the truth if bond-007 01/19/18 10:13:14 AM
#504893   down on virtually no volume though which is ridiculous JB3136 01/19/18 10:10:58 AM
#504892   No means no, you are right, and I JusticeWillWin 01/19/18 10:06:46 AM
#504891   not impressed either, maddening this couldn't even get JB3136 01/19/18 10:04:41 AM
#504890   yup, whatever you need to keep telling yourself, JB3136 01/19/18 10:03:31 AM
#504889   So, dont look now, but WMIH has been AaronTrainer 01/19/18 10:01:20 AM
#504888   Why would he tell you or any other dennyduper 01/19/18 10:00:37 AM
#504887   Yes. UpTickMeASAP 01/19/18 09:58:28 AM
#504886   why would he lie? No means No. JB3136 01/19/18 09:58:24 AM
#504885   Definitive, ok I’ll grant you that but is dennyduper 01/19/18 09:57:32 AM
#504884   looks pretty definitive to me. No is No JB3136 01/19/18 09:55:59 AM
#504883   As always. clawmann 01/19/18 09:54:10 AM
#504881   Now do you really think he would be dennyduper 01/19/18 09:52:27 AM
#504880   Oh no, are you going back to your mordicai 01/19/18 09:47:14 AM