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Last Post: 6/23/2018 12:16:04 AM - Followers: 1607 - Board type: Free - Posts Today: 1

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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SEC Filings for WMIH

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WMIH News: Prospectus Filed Pursuant to Rule 424(b)(3) (424b3) 06/01/2018 06:07:35 AM
WMIH News: Notice of Effectiveness (effect) 06/01/2018 06:02:06 AM
PlusOneCoin Top Posts
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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
#523298   Good job Royal Dude!!!! tpg 06/23/18 12:16:04 AM
#523297   Well??? The silence is deafening.................. hotmeat 06/22/18 11:30:12 PM
#523296   So will you be still posting here in xoom 06/22/18 10:55:58 PM
#523295   U Da Man ROYAL!! Nice work today! gg4 06/22/18 10:54:42 PM
#523294   Today filed Royal Dude 06/22/18 10:17:33 PM
#523293   This is Choo Choo hours. jerrylev 06/22/18 10:16:43 PM
#523292   GS Finance Corp. Royal Dude 06/22/18 10:01:27 PM
#523291   Today again for the settlement June 25th Royal Dude 06/22/18 09:48:32 PM
#523290   In every bankruptcy document since 2008..........SMH hotmeat 06/22/18 09:43:28 PM
#523289   So who are the Debtors? mattchew 06/22/18 09:35:00 PM
#523288   The remitten checks from JPM flow to WMI, mattchew 06/22/18 09:29:17 PM
#523287   The Debtors (WMB)........LOLOLOL hotmeat 06/22/18 09:22:53 PM
#523286   The Debtors (WMB) and the Debtors in Possession[ mattchew 06/22/18 09:17:44 PM
#523285   This one actually belongs to the Debtors, not mattchew 06/22/18 08:46:32 PM
#523284   The maximum wait is 2021 and so we jerrylev 06/22/18 08:00:01 PM
#523283   Should be interesting next week. jhdf51 06/22/18 07:55:48 PM
#523282   That;s right. KKR invested in WMIH just jerrylev 06/22/18 07:55:13 PM
#523281   Darn straight!!!!! Can't wait to see what happens gg4 06/22/18 07:30:04 PM
#523280   Really loved seeing this close today. jhdf51 06/22/18 06:19:40 PM
#523279   On our horizon now for several years... possibly Bizreader 06/22/18 06:13:35 PM
#523278   have I told YOU LATELY??? :<) gg4 06/22/18 06:05:21 PM
#523277   GREAT information posted today. Dum Dee Dum Dee gg4 06/22/18 06:02:52 PM
#523276   I remember the October 2016 secret meeting that mattchew 06/22/18 05:55:40 PM
#523275   Jerry Quote: NSM merges with WMIH due Myplace 06/22/18 05:52:02 PM
#523274   goodie, this is a very good find and Large Green 06/22/18 05:48:48 PM
#523273   Dangit GG I missed happy hour by 27 JB3136 06/22/18 05:30:48 PM
#523272   Three remained open, the most notable one being mattchew 06/22/18 05:29:45 PM
#523270   All WMI relevant Adversary Case Proceedings now closed. mattchew 06/22/18 05:15:01 PM
#523269   You have to have SOME CASH OR ASSETS fwh3334zeke 06/22/18 04:59:46 PM
#523268   Does JPM, EXPECT Money to soon be paid? goodietime 06/22/18 04:57:42 PM
#523267   Nice buys at the close, doubled the day’s volume. TriDaddy 06/22/18 04:17:54 PM
#523266   Who here really believes we are any closer creyno58 06/22/18 04:12:12 PM
#523265   Only 11 more days. jerrylev 06/22/18 04:09:51 PM
#523264   NSM merges with WMIH due to KKR and jerrylev 06/22/18 04:07:04 PM
#523263   The original merger SEC filing said that the jerrylev 06/22/18 04:04:45 PM
#523262   mordicai, in my view, this modification would not Large Green 06/22/18 03:38:22 PM
#523261   Twice a day pm1012244448 06/22/18 03:37:54 PM
#523260   Not if you're an Escrow holder as I follow_me 06/22/18 03:14:19 PM
#523259   Broke clock is right Twice a day Lol. FastBuxJones 06/22/18 03:12:23 PM
#523258   Even a broken clock is correct once a follow_me 06/22/18 03:02:02 PM
#523257   Nope, you either have FAITH or you don't. wowalters 06/22/18 02:47:58 PM
#523256   I have both... and I mean lots of jb92106 06/22/18 02:47:40 PM
#523255   Yeah if you have markers you don't have rockie101 06/22/18 02:45:38 PM
#523254   I have more resolve now, than I have jb92106 06/22/18 02:16:20 PM
#523253   After 10 years you lose faith. rockie101 06/22/18 02:07:43 PM
#523251   Well then why are you wasting your time here tpg 06/22/18 01:53:57 PM
#523250   Oh yea of little FAITH wowalters 06/22/18 01:29:41 PM
#523249   You hope BUT you really don't think it rockie101 06/22/18 01:09:59 PM
#523248   An excellent BOBSERVATION, hopefully this whole thing including Mr Bombastic 06/22/18 01:00:25 PM
#523246   MR Dollars, then please explain the Trusts set fwh3334zeke 06/22/18 12:37:20 PM