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Last Post: 1/22/2018 9:02:37 AM - Followers: 1584 - Board type: Free - Posts Today: 10

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
#490771   SMH....because of posts like the one you referenced, hotmeat 10/05/17 10:41:05 PM
#490770   your opinion??? fwh3334zeke 10/05/17 10:09:26 PM
#490769   that means waiting for another 14yrs M&A Zalviny 10/05/17 09:47:54 PM
#490767   Take it easy. There's an audit committee with Willingham Desperado90 10/05/17 08:45:40 PM
#490764   Thank You! WAMUSHAMU 10/05/17 08:13:41 PM
#490763   WMIH Corp. is based out of Seattle, WA REALtime64 10/05/17 08:00:28 PM
#490761   Where is all this coming from? dennyduper 10/05/17 07:57:26 PM
#490760   Make a call to DB. Let us know garyhalvo 10/05/17 07:41:52 PM
#490759   UpTick Yup you nailed it...While people are Fighting on MONICALAW 10/05/17 07:29:53 PM
#490758   A Catalyst For WMI Holdings To Finally Begin cura asada 10/05/17 07:25:11 PM
#490757   UpTick DEUTSCHE BANK Is our TRUSTEE NOW....Their Job to MONICALAW 10/05/17 07:19:24 PM
#490756   So this guy is robbing you, and all UpTickMeASAP 10/05/17 07:16:52 PM
#490755   Check William Kosturos's Management Assets...Linked is also helpful MONICALAW 10/05/17 07:14:12 PM
#490751   Wamushamu William Kosturos is Part of EC Settlement Contract....JPM MONICALAW 10/05/17 06:29:27 PM
#490748   UncleBo William KOSTUROS is a HUGE DANGER as our MONICALAW 10/05/17 05:59:18 PM
#490747   GREEN TODAY garyhalvo 10/05/17 05:57:35 PM
#490746   Didn't read one post just saw my accounts gg4 10/05/17 05:55:08 PM
#490743   LOL,this does not belong in NASDAQ! wamugold 10/05/17 05:36:46 PM
#490738  Restored the old pump an dump wow this is REALtime64 10/05/17 04:59:24 PM
#490737   ReF: Well let me just say that we CBA09 10/05/17 04:57:33 PM
#490735   I must have missed this news KKR bought SweetGeorgiaBrown 10/05/17 04:51:58 PM
#490734   TELL that to the 143 HEDGE FUNDS, & fwh3334zeke 10/05/17 04:50:10 PM
#490729   Wake up from your dream folks: WMIH is Pocket9s 10/05/17 04:45:01 PM
#490728   KKR is not in the charity business. KKR's rasaja 10/05/17 04:44:33 PM
#490727   Well let me just say that we have mordicai 10/05/17 04:41:15 PM
#490726   As I understand it Rosen is done with UncleBo 10/05/17 04:40:27 PM
#490725   I have read that KKR is set up Roach58 10/05/17 04:34:30 PM
#490722   Now that would really be a great transaction JusticeWillWin 10/05/17 04:25:32 PM
#490720   If KKR didn't enter this SPAC, someone else UpTickMeASAP 10/05/17 04:20:51 PM
#490719   Interesting, how would that benefit WMIH? footballref-8541 10/05/17 04:17:50 PM
#490718   I'd say BOBVIOUSLY FORM A SLOW CERTAIN DEATH BBANBOB 10/05/17 04:17:02 PM
#490717   You talk as if KKR is the only UpTickMeASAP 10/05/17 04:16:11 PM
#490716   Falling on their own sword? What exactly does UpTickMeASAP 10/05/17 04:13:06 PM
#490715   I have read that KKR is set up mordicai 10/05/17 04:12:25 PM
#490714   """""""""""""""""WE""""""""""""""""""" ?? HMMMMMM BBANBOB 10/05/17 04:11:12 PM
#490713   JPM bought WAMU, KKR bought in to WMIH. up and up 10/05/17 04:05:53 PM
#490710   KKR AND I ARE PARTNERS. Period. WMIH IS Pocket9s 10/05/17 03:56:32 PM
#490709   KKR Saved WMIH from falling in their own Pocket9s 10/05/17 03:54:16 PM
#490708   Saved WMIH? From what? UpTickMeASAP 10/05/17 03:50:12 PM
#490706   KKR saved WHIM. Admit it. Without the transaction Pocket9s 10/05/17 03:46:02 PM
#490705   He is absolutely clueless, he thinks KKR bought JusticeWillWin 10/05/17 03:35:10 PM
#490704   I have been around WMI/WMIH for 15/16 years fwh3334zeke 10/05/17 03:31:04 PM
#490703   doesn't really help, maybe it would have been JB3136 10/05/17 03:28:48 PM
#490702   what about if one does not have any wamugold 10/05/17 03:27:36 PM
#490701   Go away, you are not helpful JB3136 10/05/17 03:26:00 PM
#490700   if thats the case why spend so much Yanik 10/05/17 03:25:07 PM
#490699   This is the time to buy to get donfig47 10/05/17 03:24:15 PM
#490698   KKR bought WAMU when it was worth zero. Pocket9s 10/05/17 03:23:23 PM
#490697   Better cover that short, # of days to fwh3334zeke 10/05/17 03:23:19 PM
#490696   SEC soon going to move in on this SCAM REALtime64 10/05/17 03:20:39 PM