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Subsequent Events | 9 Months Ended
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Sep. 30, 2016
Subsequent Events [Abstract] |
Subsequent Events | Note 14: Subsequent Events On October 1, 2016, WMIH, through the trustee and collateral agent of the Second Lien Notes, made a partial redemption of approximately $0.4 million of Second Lien Note principal and paid approximately $4 thousand of interest from cash previously held in the collateral account. The principal balance of the Second Lien Notes, after this partial redemption, was approximately $19.2 million as of October 1, 2016. On October 6, 2016, WMIH was notified that approximately $0.5 million of Litigation Proceeds held in the RSA Reserve that was established at the time of the settlement of the D&O Litigation was released from the RSA Reserve pursuant to the terms of the RSA, and as a result on October 6, 2016, WMIH received approximately $123 thousand of the released Litigation Proceeds, representing WMIH’s portion of the second distribution of $0.5 million from the $3.0 million of Litigation Proceeds initially deposited into the RSA Reserve which is administered by a third party. The remaining balance in the RSA Reserve subsequent to this distribution is $2.0 million. There can be no assurance that WMIH will receive any further distributions on account of Litigation Proceeds in the future.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References No definition available. + Details
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