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WMIH Corp. (WMIH)

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Last Post: 1/21/2018 2:29:15 AM - Followers: 1584 - Board type: Free - Posts Today: 2


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. 


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


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
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


Quote Germany

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

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





 
SEC Filings for WMIH  
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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
PostSubject
#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
#502618   Not so bright...what no wants this investment to Johnnyiwantsome 01/03/18 01:03:07 PM
#502617   100,000,000 x .02 = 2,000,000 David West 01/03/18 01:03:00 PM
#502616   What is A & M getting 2 MILLION fwh3334zeke 01/03/18 12:57:43 PM
#502615   Jan 5 2018 has absolutely no significance anymore. wamugold 01/03/18 12:47:22 PM
#502614   so I can expect more than the 3x Roach58 01/03/18 12:41:03 PM
#502613   SAFE HABOR READING WMI 'Understanding" Johnnyiwantsome 01/03/18 12:37:00 PM
#502612   yeah MM's whom will then sell it later JB3136 01/03/18 12:33:00 PM
#502611   Well that doesn't make any sense if they're bond-007 01/03/18 12:31:17 PM
#502610   don't know if it means anything or not, Roach58 01/03/18 12:31:02 PM
#502609   """Exactly what court did what lawyers just make BBANBOB 01/03/18 12:27:27 PM
#502608   Volume pretty low today, unfortunately most of it JB3136 01/03/18 12:24:56 PM
#502607   Try to pull a trick as with WAMU Upperlippy 01/03/18 12:23:43 PM
#502606   Aaron, As I said earlier Johnnyiwantsome 01/03/18 12:19:26 PM
#502605   """Left overs - ALL OF THEM - from BBANBOB 01/03/18 12:18:07 PM
#502604   why do I spend time Donotunderstand 01/03/18 12:17:05 PM
#502603   OMH SKY IS FALLING SKY IS FALLING, down BBANBOB 01/03/18 12:11:27 PM
#502602   BBAN Thank you Donotunderstand 01/03/18 12:08:06 PM
#502600   If good news is a possibility tomorrow, why AaronTrainer 01/03/18 12:00:34 PM
#502598   32 Billion Donotunderstand 01/03/18 11:55:16 AM
#502597   It make perfect sense for them to pay bond-007 01/03/18 11:48:02 AM
#502596   "OUR BOD has always been the LAP DOGS goodietime 01/03/18 11:46:51 AM
#502595   AS BBANBOB says "BINGO!" Johnnyiwantsome 01/03/18 11:44:09 AM
#502594   I have always felt it should have been. BBANBOB 01/03/18 11:42:22 AM
#502593   YES YOU ARE CORRECT! As I said Many Johnnyiwantsome 01/03/18 11:42:17 AM
#502592   because the stock price is too damn low JB3136 01/03/18 11:39:44 AM
#502591   Please note the use of the words "Form mordicai 01/03/18 11:39:16 AM
#502590   Man why so neg? How bout ya look BBANBOB 01/03/18 11:34:59 AM
#502589   feels that way, so frustrations should be directed JB3136 01/03/18 11:32:59 AM
#502588   IRS GUIDELINES ON CORPORATE DISSOLUTION newflow 01/03/18 11:31:32 AM
#502587   JB I think this is what you have BBANBOB 01/03/18 11:30:29 AM
#502586   LOL nope, just simply the date the new JB3136 01/03/18 11:27:30 AM
#502585   Yeah, they would all be Russian. What a follow_me 01/03/18 11:24:36 AM
#502584   Cool maybe i will be the date we bond-007 01/03/18 11:23:08 AM
#502583   ;-) Smiling intuitive regards, Johnnyiwantsome 01/03/18 11:19:03 AM
#502582   I think that is the date the new JB3136 01/03/18 11:15:11 AM
#502581   dung...don't sound so good Roach58 01/03/18 11:11:04 AM
#502580   On the site when you come here , BBANBOB 01/03/18 11:10:13 AM
#502579   What again is the significance of this date bond-007 01/03/18 11:05:45 AM
#502578   As far as any possible potential payouts to BBANBOB 01/03/18 11:04:49 AM
#502577   If Trump was in charge we would have mypenneys 01/03/18 11:04:05 AM
#502576   Johnny BBANBOB 01/03/18 11:03:17 AM
#502575   Johnny, such DD and poetry leaves me speechless(smiling)! intuitive3 01/03/18 10:58:39 AM
#502574   Change of Control Johnnyiwantsome 01/03/18 10:55:27 AM
#502573   what is LTI ? cattop 01/03/18 10:54:56 AM
#502572   Change In Control eom Getn otta det 01/03/18 10:54:22 AM
#502571   Yes ahh the old #2. They do Johnnyiwantsome 01/03/18 10:53:58 AM
#502570   last question cattop 01/03/18 10:50:51 AM
#502569   Johnny: sorry — what is “CIC”? DPincus 01/03/18 10:47:19 AM
#502568   Johnny BBANBOB 01/03/18 10:46:31 AM
#502567   I would tend to agree with Matchew we Johnnyiwantsome 01/03/18 10:41:33 AM
PostSubject