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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: Registration Statement for Securities to Be Issued in Business Combination Transactions (s-4/a) 05/18/2018 05:05:57 PM
WMIH News: Current Report Filing (8-k) 05/11/2018 04:39:28 PM
WMIH News: WMIH Corp. Declares Semiannual Dividend on Series B Convertible Preferred Stock 05/11/2018 04:15:00 PM
WMIH News: Quarterly Report (10-q) 05/10/2018 04:48:33 PM
WMIH News: Amended Annual Report (10-k/a) 04/30/2018 04:14:02 PM
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#514521  Sticky Note NEWS: Form S-4 WMIH CORP. ItsMyOption 03/23/18 09:15:03 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
#520239   In all one breath, Bbop said: jerrylev 05/26/18 01:16:45 PM
#520238   Even TPS was thrown in the same bucket jerrylev 05/26/18 01:11:41 PM
#520237   Thanks HM. This is the most important jerrylev 05/26/18 01:03:25 PM
#520236   In WAMU case, creditors are paid 100% because jerrylev 05/26/18 12:57:00 PM
#520235   Although I agree with you Split they(The hedgees) Royal Dude 05/26/18 12:47:07 PM
#520233   Why are u here? Thundergulch 05/26/18 12:28:15 PM
#520232   Really. WMI is gone or still in BK court GO4AWILDRIDE 05/26/18 11:21:32 AM
#520231   HM SO OK I agree!!!!!!!!!!! BBANBOB 05/26/18 09:56:10 AM
#520230   The WMI issued Preferred, WamPQ and WamKQ were hotmeat 05/26/18 09:52:04 AM
#520229   From WAMU 182 of 269 hotmeat 05/26/18 09:44:58 AM
#520228   Hotmeat On all of the issues backing the various BBANBOB 05/26/18 09:35:59 AM
#520227   Just one tidbit of info I forgot to hotmeat 05/26/18 09:27:06 AM
#520226   HAPPY MEMORIAL DAY BBANBOB 05/26/18 09:12:15 AM
#520225   LOTs of money in a COUCH THIS BIG BBANBOB 05/26/18 08:50:30 AM
#520224   The WMB Notes totaling $13.8B that are currently hotmeat 05/26/18 08:30:29 AM
#520223   May Kate is one if the desperate housewifes, nosch 05/26/18 07:46:08 AM
#520222   Generally, the scope of Safe Harbor/Bankruptcy Remote ONLY Large Green 05/26/18 07:45:15 AM
#520221   Kate maybe you never released or ever owned kevins131 05/26/18 07:37:48 AM
#520220   Seems like I didn't get the 25th of katekir1234 05/26/18 05:48:55 AM
#520219   ANNUAL MEETINGS: NSM & WMIH Mr_Simpson72 05/26/18 05:13:16 AM
#520218   JPM may have assumed the duties of operating hotmeat 05/26/18 03:09:11 AM
#520217   What's to do here? All I read is creyno58 05/26/18 02:54:32 AM
#520216   The FDIC does not still hold $299B in hotmeat 05/26/18 02:54:09 AM
#520215   They were direct subs of WMB but WMAAC hotmeat 05/26/18 02:29:58 AM
#520214   See post 518718............. hotmeat 05/26/18 01:50:55 AM
#520213   This is what I don't get when these hotmeat 05/26/18 01:40:46 AM
#520212   If we own 299B, we could buy: jerrylev 05/26/18 12:21:01 AM
#520209   Royal Dude, The FDIC is one lying machine, Split T 05/25/18 11:27:54 PM
#520208   Hey boarddork, you've certainly have that right... Grade Split T 05/25/18 11:12:25 PM
#520207   Really now, what a crock.... Split T 05/25/18 11:06:11 PM
#520206   Large Green, that FDIC link is HUGE !!!! BOBBYEA 05/25/18 10:58:53 PM
#520205   Matthew And of course that is the way it dmceng 05/25/18 10:55:44 PM
#520204   I cant show you the money! Only mattchew 05/25/18 09:16:43 PM
#520203   We need to multiply that number times 3 Mr Bombastic 05/25/18 08:13:58 PM
#520202   Large Green and diamondguru-one. really like your optimism. austin01 05/25/18 07:09:50 PM
#520200   LG, will the remaining 6 trusts be liquidated yes9 05/25/18 06:36:55 PM
#520199   First of all, it is assets and not cash. jerrylev 05/25/18 06:29:10 PM
#520198   They, FDIC, are still under the confidential " Royal Dude 05/25/18 06:23:49 PM
#520197   "I spoke to the FDIC receiver office. There goodietime 05/25/18 06:19:33 PM
#520196   And you believe them? BigBang 05/25/18 06:08:27 PM
#520195   BD, I reread the filing and I am jerrylev 05/25/18 06:06:47 PM
#520193   now this would be crazy.....and many,many peeps will diamondguru-one 05/25/18 05:47:21 PM
#520192   Show me the $$$$$$$$$$$$$$$$$$$$$$$ Thundergulch 05/25/18 05:39:25 PM
#520191   No doubts here Large Green! mattchew 05/25/18 04:53:46 PM
#520188   I am sorry but IF IF IF this BBANBOB 05/25/18 04:46:20 PM
#520186   JOHNHEPS DID they bother expounding on WHAT THEY DO HOLD????????????????????? BBANBOB 05/25/18 04:43:36 PM
#520185   John, the FDIC did not illegally seize a Large Green 05/25/18 04:42:06 PM
#520184   Large, as I said to you more than johnheps 05/25/18 04:39:43 PM
#520183   This document is between JPM and the Dept boarddork 05/25/18 03:35:25 PM
#520182   Anyone Who Doubts Large Style Money Returning Needs Large Green 05/25/18 03:34:41 PM