Subsequent Events

12 Months Ended

Dec. 31, 2016

Subsequent Events [Abstract]

Subsequent Events

Note 15: Subsequent Events

On February 21, 2017, WMIH notified the trustee and collateral agent of the Second Lien Notes that a partial redemption of Second Lien Notes in the amount of approximately $0.4 million would be made on March 31, 2017.  In addition, WMIH authorized approximately $0.6 million of interest due on the Second Lien Notes to be paid in cash on March 1, 2017 and an additional $4 thousand of interest to be paid in conjunction with the partial redemption on March 31, 2017.  The principal balance of the Second Lien Notes, after this partial redemption, is projected to total $18.4 million as of March 31, 2017.

On February 15, 2017, WMIH notified the trustee of the Series B Preferred Stock that a dividend payment of $4.5 million would be made on March 15, 2017.