WM Mortgage Reinsurance sees $93,000 net loss for month ended March 31

By Caroline Salls

Pittsburgh, May 12 - WM Mortgage Reinsurance Co., Inc. reported a $93,000 net loss for the month ended March 31 on $513,000 in total revenue, according to a report filed Monday with the Securities and Exchange Commission by WMI Holdings Corp.

WM Mortgage Reinsurance had $3.28 million in cash and cash equivalents as of March 31, as well as $180.39 million in total assets and $35.75 million of total debt.

According to an 8-K filed with the SEC, WMI is required to provide subsidiary WM Mortgage's unaudited monthly financial statements to the holders of runoff notes.

WMI is the successor of Washington Mutual, a Seattle-based savings and loan holding company, which emerged from bankruptcy on March 19, 2012.

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