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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: Initial Statement of Beneficial Ownership (3) 02/15/2018 04:41:26 PM
WMIH News: Amended Statement of Beneficial Ownership (sc 13d/a) 02/15/2018 06:11:31 AM
WMIH News: Current Report Filing (8-k) 02/14/2018 06:37:55 PM
WMIH News: WeissLaw LLP: Nationstar Mortgage Holdings Inc. Acquisition May Not Be In The Best Interests of NSM Shareholders 02/14/2018 01:27:00 PM
WMIH News: Amended Statement of Ownership (sc 13g/a) 02/14/2018 11:23:25 AM
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#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
#490874   I know that before they changed to Electronic fwh3334zeke 10/06/17 02:52:20 PM
#490873   The duration of settling this fiasco has had austin01 10/06/17 02:51:30 PM
#490872   How Big was WAMU? calculate 9 years and johnydollar 10/06/17 02:37:29 PM
#490871   Thanks appreciate you taking the time. Yes we dennyduper 10/06/17 02:31:52 PM
#490870   Denny BBANBOB 10/06/17 02:30:04 PM
#490869   correct Donotunderstand 10/06/17 02:28:11 PM
#490868   Not yet, but a lot are headed there. wowalters 10/06/17 02:26:11 PM
#490867   I agree WMIH already owns it Donotunderstand 10/06/17 02:25:55 PM
#490866   The point wasn't only that they could write BBANBOB 10/06/17 02:25:25 PM
#490865   BB. Just wondering say if new shares are dennyduper 10/06/17 02:24:54 PM
#490864   BBAN, I agree that JPM failure would have goodietime 10/06/17 02:21:13 PM
#490863   """We see such assets of LT and they BBANBOB 10/06/17 02:20:32 PM
#490862   WMMRC is a sub of WMIH and is JusticeWillWin 10/06/17 02:20:22 PM
#490861   I thought WMIH already owned this company (and Donotunderstand 10/06/17 02:20:06 PM
#490860   I assume WMMRC only has as assets notes Donotunderstand 10/06/17 02:16:39 PM
#490859   GOODIE if you aren't aware of what the BBANBOB 10/06/17 02:12:52 PM
#490858   Your point? Donotunderstand 10/06/17 02:12:28 PM
#490857   "JPM writes SS checks so Govt. could not goodietime 10/06/17 02:07:48 PM
#490856   """""However, it is how this case is played BBANBOB 10/06/17 02:06:29 PM
#490855   Please explain Donotunderstand 10/06/17 02:03:29 PM
#490854   Yes but the FDIC saved JPM's bacon, as fwh3334zeke 10/06/17 02:00:35 PM
#490852   Botchberg's was a stick in the eye for PickStocks 10/06/17 01:54:02 PM
#490851   Az, If they sell WMMRC and that goes footballref-8541 10/06/17 01:47:19 PM
#490850   ~ The Plan To Sell WMMRC, ~ AZCowboy 10/06/17 01:40:30 PM
#490849   look again 5/10 of a penny Zalviny 10/06/17 01:30:19 PM
#490848   here is something pocket jokers might be interested in JB3136 10/06/17 01:28:10 PM
#490847   No doubt, ready to move on any day.There Large Green 10/06/17 01:27:12 PM
#490846   ~ LG, I Doubt That WMIH Wants Any AZCowboy 10/06/17 01:23:06 PM
#490845   to who and for how much? hope, not JB3136 10/06/17 01:16:15 PM
#490843   If you buy it then close at $1.00 Zalviny 10/06/17 01:13:41 PM
#490842   always tomorrow never today? JB3136 10/06/17 01:13:35 PM
#490841   Face it, the 6.5 million shorts will be JusticeWillWin 10/06/17 01:03:21 PM
#490840   AZC, you said "The plan to sell off Large Green 10/06/17 01:01:57 PM
#490839   YOU have to OWN to be able to fwh3334zeke 10/06/17 12:58:47 PM
#490838   SEC will soon close this SCAM down REALtime64 10/06/17 12:57:57 PM
#490837   ~ LP' Yes Or A Pre-Determined Decimal Residual AZCowboy 10/06/17 12:57:24 PM
#490836   Hotchberg's statement regarding WMB's loan file. Large Green 10/06/17 12:54:57 PM
#490835   No way will this be a 1.00 at REALtime64 10/06/17 12:54:31 PM
#490834   AZ, watch the price end at $1.00 today. LuckyPanda 10/06/17 12:51:04 PM
#490833   ***CBA09***Thank you for one of the most simple Large Green 10/06/17 12:47:41 PM
#490832   Pocket9s' - JPMC is a much larger criminal enterprise ItsMyOption 10/06/17 12:44:34 PM
#490831   "THEY HAD NO CHOICE BUT TO SEIZE US goodietime 10/06/17 12:44:08 PM
#490829   ~ IMO, WMMRC Is Being Sold Off ~ AZCowboy 10/06/17 12:37:17 PM
#490828   No. Read this, especially the last paragraph on clawmann 10/06/17 12:32:52 PM
#490827   DA BOYZ are doing a good job keeping BBANBOB 10/06/17 12:23:07 PM
#490826   This has been said before , but I BBANBOB 10/06/17 12:18:53 PM
#490825   Glasses need changing?? look to right & up fwh3334zeke 10/06/17 12:14:34 PM
#490824   Sir we are currently up 2 pennies cheechmoney 10/06/17 12:08:51 PM
#490823   Lol cheechmoney 10/06/17 12:07:13 PM
#490822   BS if something is coming, wouldn't be up Zalviny 10/06/17 12:04:40 PM