Friday, October 06, 2017 1:23:06 PM
WMMRC' was simply a necessary part of the original process' consideration' ... WMMRC was kept functioning, due to the fact that there were concerning Loans' that had not been packaged into an ABS-Cert` at the time of the seizure' ...
... Loans that required PMI Insurance are usually crap to begin with' ... But, JPMC got to service the whole WaMu load' ...
The Original WMI remaining PMI Insurers within WMMRC, (4 of 7 now remain) needed to be kept active upon the 09/2008 seizure, while JPMC continued to service the loans that originally needed PMI' Insurance' ...
... NOPE' ... WMIH-Corp, paying anything for WMMRC would be a stupid forward moving financial decision' ... If I were to take a stab at this ? ... I would say that JPMC got this load of WMMRC crap, along with WMB' the bank' ... and JPMC paid' for whatever is remaining in there' ...
heck, the original insurance securitization bond, which has been held in HI' the whole time, is worth more than WMMRC at this point in time anyway' ...
heck, WMIH-Corp, ending up getting a couple of bucks for WMMRC plus the return of the original WMI bond' ... ? ... and' ... Turn The Page on that'
AZ
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