SureTrader Nadex Advertisement SureTrader
Home > Boards > US Listed > Insurance >

WMIH Corp. (WMIH)

WMIH RSS Feed
Add WMIH Price Alert      Hide Sticky   Hide Intro
Moderator: Gmenfan, Evintos, jhdf51, GO4AWILDRIDE, pm1012244448, LuckyPanda
Search This Board: 
Last Post: 4/24/2017 10:03:15 AM - Followers: 1544 - Board type: Free - Posts Today: 6


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.

Home  About Us  Corporate Governance Policies  Directors and Officers  SEC Filings  Contact Us
 

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. 


PURCHASE AND ASSUMPTION AGREEMENT

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.
WITH SHAREHOLDERS INTACT


WASHINGTON MUTUAL EMERGES FROM BANKRUPTCY ON 3/19/12
 
WMI STARTS TRADING UNDER NEW TICKER (WMIH) 3/28/12


OPENED AT .63 CLOSED AT $1.00 HOD $1.10
VOL   2,596,805

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


 SEC Filings for WMIH

 
Mar 24, 2015 Press
Release
WMI Liquidating Trust - "WMI Liquidating Trust Provides Information On Escrow CUSIPs"
http://www.prnewswire.com/news-releases/wmi-liquidating-trust-provides-information-on-escrow-cusips-300055333.html

Level 2

http://tinyurl.com/astockinvestor



Chart U.S.


http://stockcharts.com/h-sc/ui?s=WMIH&p=W&b=5&g=0&id=p13019533725


Quote Germany

http://quotes.wsj.com/DE/XMUN/07W?mod=DNH_S_cq

http://quotes.wsj.com/DE/XBER/07W





 
  • 1D
  • 1M
  • 2M
  • 3M
  • 6M
  • 1Y
  • 2Y
  • 3Y
  • 5Y
WMIH
Current Price
Volume:
Bid Ask Day's Range
SureTrader
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
WMIH News: Current Report Filing (8-k) 04/06/2017 04:17:05 PM
WMIH News: Current Report Filing (8-k) 03/21/2017 12:02:00 PM
WMIH News: Current Report Filing (8-k) 03/14/2017 04:56:47 PM
PostSubject
#474690  Sticky Note Highlights of conference call March 21, 2017: Evintos 03/21/17 11:03:20 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
#476707   I agree with the P's getting 7.75% but BBANBOB 04/24/17 10:03:15 AM
#476706   My brokerage acct at Vanguard says 7.75 in chimaster 04/24/17 09:51:47 AM
#476705   BBob, What ever interest is paid to preferred ItsMyOption 04/24/17 08:34:53 AM
#476704   Unjust enrichment? Of course not. Unjust enrichment claim djcat 04/24/17 08:27:40 AM
#476703   JPMorgan found a $30 billion 'unexpected bonus' in t1215s 04/24/17 08:07:21 AM
#476702   The BoD NEVER used those terms you apparently sometimes_right 04/24/17 12:57:50 AM
#476701   es1, It was not my intention to say it distrojunky 04/23/17 11:19:17 PM
#476700   if we live long enough Roach58 04/23/17 11:12:12 PM
#476699   es1, now that is ANOTHER LARGE STYLE Large Green 04/23/17 09:27:06 PM
#476698   APR is in place then preferred are capped es1 04/23/17 09:15:01 PM
#476697   Try this 75/25 one instead: sidedraft 04/23/17 08:36:09 PM
#476696   HELP: Can anyone post a link from Olde English 800 04/23/17 08:04:50 PM
#476695   If APR is in place, over $15B needed distrojunky 04/23/17 07:43:50 PM
#476694   P's get 7.75% but even though I mainly BBANBOB 04/23/17 07:38:32 PM
#476693   *slow clap* watcher01 04/23/17 07:34:33 PM
#476691   FWH Amen to that! dmceng 04/23/17 07:09:48 PM
#476690   SEVENTH AMENDED JOINT PLAN OF AFFILIATED DEBTORS PURSUANT cura asada 04/23/17 06:42:58 PM
#476689   That 7.75% came from AZ, and I would ItsMyOption 04/23/17 05:44:46 PM
#476688   I own both flavors, & it does not fwh3334zeke 04/23/17 05:14:12 PM
#476687   """P's want their face value and interest before BBANBOB 04/23/17 04:32:03 PM
#476686   Good analysis. Problem is that the BK is wowalters 04/23/17 04:31:18 PM
#476685   Interest at what ever % rate is due BBANBOB 04/23/17 04:25:21 PM
#476684   es1, now that is a LARGE STYLE BINGO!!! Large Green 04/23/17 03:40:37 PM
#476683   I would rather wait & see if we fwh3334zeke 04/23/17 03:39:30 PM
#476682   "Or P's get 75% uncapped and U's get goodietime 04/23/17 03:33:05 PM
#476681   I think that is what is confusing people. There es1 04/23/17 03:18:22 PM
#476680   Totally agree Bob. The entire case is designed to es1 04/23/17 03:05:48 PM
#476679   Exactly! But the POR doesn't say that anywhere... stoxjock 04/23/17 02:58:19 PM
#476678   Then it should have stated "75/25 up to vodkadejour 04/23/17 02:47:10 PM
#476677   until there is money 35 years later this Zalviny 04/23/17 02:17:35 PM
#476676   I believe what AZ said was that the ItsMyOption 04/23/17 02:08:41 PM
#476675   I thought that we were back to thinking vodkadejour 04/23/17 01:54:55 PM
#476674   Yes, As you explained that's how the 75% stoxjock 04/23/17 10:21:58 AM
#476673   LOL, maybe they announce May 26 Memorial Day weekend. wamugold 04/23/17 10:10:34 AM
#476672   BINGO!!!!!!!!!!!!!!!!!!!!!!! And when two people read the same BBANBOB 04/23/17 09:15:26 AM
#476671   We don't know what's going to land on 2221 04/23/17 08:41:38 AM
#476670   Thats 100% true large green.The 75/25 aplies to Olti100 04/23/17 04:27:06 AM
#476669   Eugenes spill the beans creyno58 04/23/17 03:15:28 AM
#476668   You forgot to include the Reits with the hotmeat 04/23/17 12:47:31 AM
#476667   Exactly right! As we know, APR was dispensed hotmeat 04/23/17 12:29:10 AM
#476666   Quote..."Four, ... and the most unpopular, misunderstood and hotmeat 04/22/17 11:56:23 PM
#476665   The P's were based on $1000, for ever fwh3334zeke 04/22/17 11:40:06 PM
#476664   Unless they getting rid of Eugene Davis because wamugold 04/22/17 11:11:20 PM
#476663   "Isn't that consider unjust enrichment??" goodietime 04/22/17 09:47:14 PM
#476662   "The removal of the Absolute Priority Rule (APR) goodietime 04/22/17 09:39:38 PM
#476661   es, goodietime 04/22/17 09:31:45 PM
#476660   Wow put in simple terms EOM nadodude 04/22/17 08:49:16 PM
#476659   I got hundreds of thousands of common shares wamugold 04/22/17 08:45:37 PM
#476658   75% and 25% distribution goes as follows: nadodude 04/22/17 08:41:39 PM
#476657   A better way to think - http://www.marketwatch.com/story/legendary-technical-inv Bizreader 04/22/17 08:36:01 PM
PostSubject