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UncleBo   

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Posts 518
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Alias Born 06/24/2010 09:54:45 PM

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In addition, from 2005 to 2008, Washington Mutual made
certain loan level representations and warranties in
connection with approximately $165 billion of residential
mortgage loans that were originally sold or deposited into
private-label securitizations by Washington Mutual. Of the
$165 billion, approximately $75 billion has been repaid. In
addition, approximately $47 billion of the principal amount
of such loans has liquidated with an average loss severity of
59%. Accordingly,