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~ Yep' ... Just Watching the, Taking' Out, of The Trash' ~
WMIH-Corp is now in a position to start and begin as a reorganized company, a true money making machine' ... without any of the overhead, or expensive baggage' that comes with a brick and mortar operation and the need for an extensive employee base' ...
The debt structure that will - S@@N - be available to WMIH-Corp, correlated with its ownership of the "equity interest" in these ABS-Certs is in the billions of dollars' ...
All, WMIH-Corp needs to do is ... again' ... begin to couple its own owned "equity interest" with the "base values" of the ABS-Certs ... now owned by the releasing participants, which now, actually own the Original Estate' ...
AZ
~ S@@N, WMIH-Corp Will Achieve Its Destiny ~
And Then, WMIH-Corp will truly become the ... Reorganized, ... Washington Mutual, Inc. ...
once again, coupling its income producing Asset-Backed Security Certificates, ... with' ... its own "equity interest" which can produce an "equity certificate"
(issued upon approval by a Certs Trustee, to a participant of greater than 25%)
allowing for a massive continuing debt structure, literally available to it' ... in the billions of dollars' ...
All now accomplished, without any of the baggage associated with the need for a ... location branch, brick and mortar network, ... a large employee base' ... the need to service a massive "Master Loan Portfolio" ... etc' etc' etc' ... all of the profit ? ... without the need for expensive overhead'
WMIH-Corp will soon, truly become the Reorganized "debtor" AND "debtor in possession" as a lean "MONTHLY" money making machine'
AZ
~ Guys You Are Welcome' and Thanks ~
As the now' reorganized "debtor" and "debtor in possession" ... (BOTH' - WMIIC & WMI) ...
WMIH-Corp, has either continuously utilized ambiguous language ? or, has not openly addressed the actual contents of Washington Mutual, Inc.(s) percentage of ABS-Cert, monthly cash' income producing participation, held and originally secured within the FIRST Bankruptcy Filed, ... WMI Investment Corp. ... (Filing # 0001')
Whether, WMIH-Corp acknowledges its TWO predecessor's publically and completely forthright or not, ... it' doesn't matter' or change a thing' ...
The "Facts" are still the "Facts" ... WMIH - ACTUALLY -, emerged from bankruptcy proceedings as the successor to WMI Investment Corp. - AND' - Washington Mutual, Inc. ... however, ... they' (WMIH-Corp) continue to forget to mention (?)
Here, The following is - Direct from the WMIH-Corp web site' -
"WMIH emerged from bankruptcy proceedings as the successor to Washington Mutual, Inc"
however, ... and, more importantly, ... was the initial design set for a reorganized company' ...
WMIH-Corp., ... owns the "equity interest" in WMI Investment Corp. and as I have posted, ... will need to couple its own owned "equity interest" ... with the original percentage of Cert' "base value" ... as WMIH-Corp will ... "begin to dissolve WMIIC" (IS - Eliminated upon Consolidation) ...
WMIH-Corp, currently only has the availability of shares within itself as any semblance of value' ... SO" ... A "Value for Stock" event should be on the horizon' ... while a simultaneous release of the accumulated cash' held on releasing members behalf since the original seizure' ...
The following is ... Direct from the First Day Filings'
CORPORATE OWNERSHIP STATEMENT
AND LIST OF EQUITY SECURITY HOLDERS
Pursuant to Rules 1007(a)(1), 1007(a)(3), and 7007.1 of the Federal Rules of Bankruptcy Procedure the undersigned authorized officer of WMI Investment Corp. in the above-captioned case, certifies that Washington Mutual, Inc. owns 100% of the equity interests in WMI Investment Corp.
Dated: September 26, 2008
By: Stewart M. Landefeld
Title: Executive Vice President
AZ
~ Following, the process of WMIIC / WMI to WMIH-Corp ~
Hopefully, everyone has had the time to form a basic understanding of the length of time needing to be taken, due to Washington Mutual, Inc. being legally considered in its entirety, ... "A Bank Holding Company" ...
Also, ... hopefully, many involved have taken the time to review the TWO' Bankruptcy process, legally able to be utilized in 2008' to separate, WMI's value of participation within income producing Certs' held in its own Corporate Sub' ... WMI Investment Corp. ... secured FIRST, for an eventual reorganized company' ... (I believe my Dec 2015' research remains here, on the bulletin board)
Then, ... What an Asset-Backed Security Certificate is actually comprised of and its own separate Corporate Structure ...
Considering what Gene Davis referenced in the recent 06/02/2016 shareholder meeting, ... referencing a 90% possibility of movement by years end' ...
Finally, ... Here, is what is important' ... as was recently filed in 10-Q SEC Reports, on 06/30/2016
From JPMorgan = (the "Firm")
"The Firm, Deutsche Bank National Trust Company and the FDIC have signed a term sheet to resolve (a) pending litigation brought by Deutsche Bank National Trust Company against the FDIC and JPMorgan Chase Bank, N.A., as defendants, relating to alleged breaches of certain representations and warranties given by certain Washington Mutual affiliates in connection with mortgage securitization agreements and (b) JPMorgan Chase Bank, N.A.’s outstanding indemnification claims pursuant to the terms of the Purchase & Assumption Agreement. The term sheet is subject to FDIC Board approval, finalization of settlement documents and certain judicial approval procedures"
From WMIH-Corp = (they' just simply forgot ( ? ) - to acknowledge their documented ownership of the "equity interest" in WMI Investment Corp.)
"Our wholly owned subsidiary WMIIC has no assets or liabilities and we are beginning the process of dissolving this entity"
Yeppers, ... most of us' already knew about the - no assets / no liability ... thang' (duh) - Everyone - is waiting together, ...
AZ
~ LG, ... You ARE' Very Much Appreciated ~
Maybe WaMu, ... wasn't ... "Clubby Enough" ... however, ... WaMu, was extremely brilliant within their plan to secure its monthly income earning stream, held with WMI Investment Corp., for a future tense reorganized company' ... The now, WMIH-Corp ...
While WaMu, was legally able to ride out the proverbial economic storm of 2007 and 2008' under the protective custody allowed within the confines of a legally allowed, TWO bankruptcy system, ... Allowed within the Delaware Federal Bankruptcy Court' ... a Chapter 11 (reorganization) system' ...
Currently Now, ... as we all see, ... WMIH-Corp as an unfettered reorganized company, without any debt, ... and, without the baggage of the need for brick & mortar branches, a large employee base, the servicing aspects of a "Master Loan Portfolio" ... simply, a very lean, Cert generate, monthly income earning money making machine' ... as WMIH-Corp, ... Now, begins to take over as the ... Truly' ... Reorganized WaMu' ...
WMIH-Corp, ... is now truly the reorganized WMI Investment Corp., and Washington Mutual, Inc ... as the potential to be a monthly income earning structure, with the potential for a true asset-backed debt structure, ... except without any of the original "baggage', ...
WMIH-Corp(s) future, pre-planned for, was also earmarked to begin to receive the same generated Certificate and CMO monthly cash distributions, as it begins to couple its own' owned Cert' "equity interest" in WMI Investment Corp., with the same Cert "base value" ... (now, owned by the releasing tracking marker holders) ...
Now as the coupling of the value begins, ... WMIH-Corp will have the availability of the massive debt structure, a requested "Equity Certificate" is able to provide, as a participant of greater than 25% per Certificate' ...
... Was WaMu Clubby Enough ? ... maybe, maybe not' ... but was WaMu operating at amazingly genius level financial considerations' ? ... absolutely' ...
it's all good' ...
AZ
~ The Releasing Owners of the Original WMIIC / WMI Estate ~
Now, individually designated by their received amount of ... "tracking markers" ... designating, their percentage of individual participation, and ownership of the Original WMI Estate, again, received for their release submitted,
Will Receive;
1st;) ... Their designated portion of the - monthly - accumulated cash income earning stream, held since the 09/25/2008 seizure, on behalf of Washington Mutual, Inc.(s) percentage of participation in Asset-Backed Security Certificates and CMO's ... in which Washington Mutual, Inc., originally held within WMI Investment Corp. ...
Obviously, WMI Investment Corp., was being protected, segregated and placed under the Courts protective custody, within the FIRST Bankruptcy filed ... 10:15pm, on 09/26/2008' ... while WMI filed one minute later at 10:16pm, also on 09/26/2008 ...
2nd:) ... Their designated portion of the - monthly - continuing' distribution of the earning stream, per Washington Mutual, Inc.(s) participation in Asset-Backed Security Certificates and CMO's ... again, initially secured within WMI Investment Corp., ... until the last (of hundreds) of the Certifcates complete its prospectus designated final returns, ... generally all prospectus designated, 30 years future from the initiation of the Cert' ... some of the CMO's actually go longer' ...
3rd:) ... Their designated portion of an agreed upon amount of, again, as Plan described, - shares in the newly reorganized company - (WMIH-Corp) ... as WMIH-Corp begins to couple its owned ... "equity interest" ... in WMI Investment Corp., with the original individual, Cert designated ... "base value" ... of the securities held within WMI Investment Corp., ... now, of course owned by the True Owners of the original WMI Estate, ... the releasing owners of the Estate, designated by their ... "tracking markers" ... received fo their release submitted ...
So, as Disclosure Statement, (exhibit C), The Goulding Filing (in support of), and the Approved Plan 7 ... Itself describe ...
The Releasing Owners, ... Designated by their Tracking Markers received for their release submitted, again, as instructed to do' ... Will Recieve' ...
A number 1:) described distribution, ... Cash' ... BOTH' ... The accumulated amount of "Cash", held on their behalf since the 09/2008 seizure, and then also, the future tense monthly distributions from each and every Cert and CMO that Washington Mutual, Inc. ... participated in, ... and held secured within WMI Investment Corp. ... and also,
A number 4:) described distribution, ... common shares in the newly reorganized company' ... the now' WMIH-Corp ...
... And the good news is that after this very, very, long wait, ... Now' ... finally, as we see revealed in the 06/30/2016' SEC, 10-Q, ... that WMIH-Corp, ... Is beginning to dissolve WMIIC' ...
These, are my conclusion' ...
AZ
~ I present WMIH-Corp as the successor to WMI & WMIIC ~
I present, only' for the larger group, in the hope that the knowledge of what truly occurred will become an individuals power' ... in lieu of what everyone is ? and, has been experiencing' ...
I DO NOT' try and convince anyone about anything' ... EVER" ... or do I ever suggest any purchase or sell' ...
I have dissected the intriguing Washington Mutual, legally allowed at the time, TWO Bankruptcy Process, WMIIC, and WMI ... bankruptcy filing, process' ... period' ...
I already know going in' that there are those that simply can not comprehend' the true complicity of what truly occurred' ... not any big deal, or any of my business, ... in my opinion ...
AZ
~ Regarding WMI' as a "Bank Holding Company" ~
The FDIC had, and continues to have, ... encompassing powers' ... these powers are given to the FDIC by the Congressional 34' Act Designate' ... that is actually why', this has taken so very, long, ... and, also why the recent news of the settling of the "term sheet" is such excellent' news as we move forward'
if you are understandably confused, just simply consider a situation, completely irrelevant of whether or not within WMI' as the considered Parent Corporations, ... the actual utilized WMI corporate structure, ... or whether or not a subsidiary was considered to be a, ... banking sub' ... or a non-banking sub ... it simply didn't matter' ... ALL' OF WaMu, came under the confines of the FDIC when all of WaMu was actually seized' back in 2008' ...
Washington Mutual, Inc.(s) true assets are revealed in many, many areas to those that actually are interested in the ... "Truth" of what they own' ... and, as I presented earlier' ... the SEC filings, ... the Sofa's, ... the process legally able to be used to secure WMI's cash returning assets in its own sub, WMI Investment Corp., is detailed within the entire process, not to mention, the judicial notices, the First Day Filings, ... The GSA, the Disclosure Statement, Goulding, and the Approved Plan itself' ... oh' ... there is so very, very much ...
Do you know what you invested in ? or Why ? ... did you ever consider, reviewing WMI's Corporate Structure' ? What WMI did as a business entity, is described in each released 10-K and 10-Q SEC submitted report' ... there are many' to choose from' ... WaMu was around for a very long time'
Have you ever considered accessing the SEC site ?, and begin reading a WMI either produced and / or participated in actual ABS-Certs Prospectus' ? ... they are ALL', ... very, very forthright within their own structure, and describe specifically ... "know what you own" ...
Do you simply only read here ? and then try to just guess just exactly who is "truthful" and knowledgeable ? is someone's typing ability, or the amount of presentations, one of your considerations ?
Here, ... I will simplify' ... Washington Mutual, Inc., as a corporate money producing mechanism, was massive, worth in the billions of dollars' ... and' ... quite proficient within their field'
The FDIC was 34' act allowed to seize it all (WMI) back in 2008' as a designate "Bank Holding Company"
The WMI Banking sub' ... WMB was legally allowed to be assigned a receiving bank, to continue the servicing necessary' ... branches, loans, etc'
If you listened to the important people ? and released and received "tracking markers" designating YOU as an owner of the Original Washington Mutual, Inc. Estate ? ... YOU' will be just fine' ...
If you did absolutely anything else, except that ? ... YOU' made the financial error of the last 200 years' ...
There are no More second chances, ... "There Will Be No More WaMu's" (Tim Geitner) ... one chance to bite the apple' was all EVERYONE was given' ... and' it was close at that matter'
... I listened to the Plan Approving, Judge, Rosen, S&G, and Mike W' ... and released absolutely ... "everything" ... and then kept buying WMIH-Corp and subordinated debt' beyond reorganization, in complete confidence, ... because I took the time to' ... "Know What I Own" ...
AZ
~ WMIH-Corp's 06/30/2016' 10-Q Reveal of its Beginning to Dissolve WMIIC' ? ~
this now, 10-Q recently revealed event, of WMIH-Corps beginning to dissolve WMIIC, ... is not only excellent news, but will also need to be a multi-staged event' ... simply due to the massive size of WaMu's original ... "Master Loan Portfolio" ... (revealed in WMI's last SEC submitted 12/31/2007 10-K and the last SEC filed 06/30/2008 10-Q)
the percentage of WMI's participation in the original "base value" of hundreds of ABS-Certs and CMO's by Washington Mutual, Inc. ... is in the billions of dollars' ... again, ... there are hundreds of Certs and CMO's able to be reviewed on the SEC site' ... and, each Certs prospectus reveals the complete structure' and the original' "base value"
as IS' documented, ... WMIH-Corp, ... owns the "equity interest" in WMI Investment Corp. ... again, which is Court' filing disclosed, exactly where, WMI kept its documented, percentage of participation of these security's ... (again, Collins, Goldstein, and, Rosen)
with the consideration of a reasonable recovering economy since any of the Certificates "base achieved" origination' date ... (remember, WMI' did not produce or participate in a Cert beyond the third quarter of 2007' ... )
the actual "equity interest" ... owned by WMIH-Corp, is also worth in the billions of dollars' ... (an allowed debt structure to a participant of greater than 25%, ... which describes WaMu')
remember, ... these are, to the literal, ... asset-backed' ... real tangible property backed certificates' ...
AZ
~ Releasing Marker Holders - OWN - L@@K' ~
The Releasing Participants, which received their tracking markers' in proper fashion' ... OWN' ... Washington Mutual, Inc.(s) - percentage of participation within hundreds of Asset-Backed Certificate Securities, and CMO's ... which are quite easily found on the SEC site' ... there are hundreds of them'
As WaMu was considered to be a - "Bank Holding Company" - all of WaMu - came under the direction of the OTS / FDIC, ... this has been the reason for the wheels, being allowed to turn so very, very, slowly' ...
The ABS-Certs' and CMO's ... that WMI' participated in' ... are not able to be owned' ... they are individualized and designate, managed by an assigned "Trustee" and, serviced by a designated "Servicer" ... (every individual Certs' Prospectus reveals its Structure)
This percentage of WMI's ABS-Cert and CMO' participating ownership, which each Cert' also return income distributions on a monthly basis' as described in each prospectus' ... is what was initially secured within the FIRST Bankruptcy Filing, ... WMI Investment Corp.(s) FIRST Filing for BK Protection ... (refer to Collins, Goldstein, and Rosen)
and, the amount of Cert' "base value" that WMI participated in, actually, as the owners of the Original Estate, now, ... belongs to the releasing marker holders, ... along with any ABS-Cert produced monthly' income returns that have accumulated since the 09/2008 seizure' ... (Court Ordered' managed by A&M "nunc-pro-tunc")
While any possible increased ... "equity interest" ... in the Certs' WaMu participated in, now belongs to the reorganized Washington Mutual, Inc. ... WMIH-Corp' ... (documented)
The "equity interest" of the Certs' ... needs to ultimately be coupled with the original "base value" of the Certs' and CMO's ...
as I have said, ... a Value for Stock' event' is on the horizon, ... NOW THAT' WMIH-Corp has notified us in the recent 10-Q' that' WMIH-Corp ... is beginning to dissolve WMIIC' ...
and, as also recently released, ... the term sheet is being settled' and merely waits for the FDIC to approve' ...
AZ
~ And Also, An ABS-Cert CAN NOT be owned ~
an ABS-Cert, can only be participated in, ... An ABS-Cert, is managed by a "Trustee" ... serviced by a designated "Servicer" ... and returns distribution income revenue on a monthly basis to an original participating member ...
I know actually reading the relevant material is difficult, however it would be suggested prior to what currently is going on' ...
AZ
~ Again, ... Washington Mutual, Inc (the Parent) ... was considered a "Bank Holding Company" and as stated below, "was overseen" in its entirety ~
it is obvious that the incorrect misrepresentations will continue, however for those interested ... here is direct text from the documents presented to the Court ...
WMI's Business
3. WMI is a holding company incorporated in the State of Washington and headquartered at 1301 Second Ave, Seattle, Washington 98101. WMI is the direct parent of WMI Investment, which serves as an investment vehicle for WMI and holds a variety of securities. WMI Investment is incorporated in the State of Delaware.
4. Prior to the Commencement Date, WMI was a savings and loan holding company that owned Washington Mutual Bank ("WMB" or the "Bank") and such bank's subsidiaries, including Washington Mutual Bank fsb ("WMBfsb"). WMI also has certain non-banking, non-debtor subsidiaries (the "Non-debtor Subsidiaries"). Like all savings and loan holding companies, WMI was subject to regulation by the Office of Thrift Supervision (the "OTS"). WMB and WMBfsb, in turn, like all depository institutions with federal thrift charters, were subject to regulation and examination by the OTS. In addition, WMI's banking and nonbanking subsidiaries were overseen by various federal and state authorities, including the Federal Deposit Insurance Corporation ("FDIC").
AZ
~ So, ... All of the hypothetical situations ~
and the continued misrepresented material, are one thing, ... for what purpose ? ... I surely don't know, nor, obviously do I care' ...
... However, ... many have "honestly" attempted to dissect and reveal this extremely convoluted WaMu legal process, ...
however, ..., and respectfully' to all, ... simply put'
if anyone ever" took the time to actually read the last filed, WMI, 10-K, and the last filed WMI, 10-Q, or any one of a number of preceding SEC filed documents, ... they would have a basic understanding of the WMI Corporate Structure, and how it was utilized by WMI, to generate income ...
if anyone ever" took the time to read, even the first few' ... "First Day Filings" ... they would understand the legally allowed process initially utilized, which allowed WMI to secure its value within WMIIC, while able to remain separated from the open Court displayed, WMI bankruptcy ...
if anyone ever" took the time to read and understand an Asset Backed Security Certificate, Prospectus' ... either produced by and / or participated in, by Washington Mutual, Inc. ... they would understand how all financials, not only WaMu, utilized ABS-Certs, to participate in and generate income earning vehicles' ...
The recently revealed 10-Q news that, WMIH-Corp ... "is beginning to dissolve WMIIC" ... means the process of coupling the base values with the equity interest is about to begin, ... and in my opinion, ... spectacular, and long awaited good news
AZ
~ Washington Mutual, Inc. was, A Bank Holding Company ~
So, legally as a certified and registered ... Bank Holding Company, ... All of WMI came under the confines of the FDIC, ... whether a banking sub, or a non-banking sub ... it didn't matter, ... ALL of WaMu'
... This information regarding a settlement agreement is relevant' ...
AZ
~ Is This Meant to Be Fun and Humorous ? ~
... because 90% plus of it' ... is definitely not factually correct' ...
pick an ABS-Cert' ... pick any one' ... someone has to actually trip over them on the SEC site' ...
page one of an ABS-Cert(s) prospectus states to exactly who does not own the Cert' ...
is this bs' simply being made up ? and since it obvious is, is it meant for what purpose' ? ...
Two' very simple initial facts' (of thousands' 12,000 filings plus) ...
1st; ... Washington Mutual, Inc. did not utilize its corporate structure to either produce or participate in any of its own ABS-Cert products beyond the third quarter of 2007' ... 09/30/2007 ...
2nd; ... WMB is only - ever' - listed as - "servicer" -
Well, ... There is more' ... much, much, much, much, more' ... but it surely appears that' ... nonsense' ... is obviously the ruler of the day'
AZ
~ So, Regarding WMIH-Corp' What Continues to Be Confusing ? ~
Is it the Washington Mutual, Inc. Corporate Structure ? ...
Are some having difficulty understanding how to read an Asset-Backed Security Certificate(s), Prospectus ? ...
Is it Simply, That some just are not aware of How Exactly, Washington Mutual, Inc. provided its own corporate income ?
Are the Last Washington Mutual, Inc. filed 10-K (12/31/2007) or the last filed 10-Q (06/30/2008) difficult to understand ?
Is the Delaware legally allowed (of the time period), ... TWO' ... Bankruptcy Process utilized by WMIIC' and WMI' confusing to some ?
Does everyone have access to the KCC site' and is everyone able to review the relevant filings ?
Has everyone simply been able to understand that an MOR' specifies to the "cash" only ?
Let's see ... did anyone ever take the time to review how the actual debtor representation described WMIIC and WMI ? (Mark Collins, Marcia Goldstein, and Brian Rosen) ... ? ...
what was actually done prior to this continuation of incorrect and poor information ?
AZ
~ BBob' ... Correct' ... Here is an Example ~
For one to specifically consider any present tense or future tense investment in WMIH-Corp, ... One would also need to understand exactly what the reorganized, Original WMI' (WMIIC / WMI) was the literal OWNER of' ... as WMIH-Corp, ... is now, the reorganized WMI' ... Which is obviously, publically trading on the NasDaq and is now, ... Russell 2000' acknowledged' ...
ALSO > ... In My Opinion, it is - also - very important for any of the March of 2012' original EQUITY' OWNED, releasing participants, to understand exactly what THEY' also own ... simply put' ... among many of the things Washington Mutual, Inc. owned, ... WMI' was also beyond being the sponsor of income generating Asset-Backed Certificates, ... Washington Mutual, Inc. was also a participating member of its own products publically provided, ... ASSET-BACKED ... Mortgage Backed Securities' ...
... Here is an example of merely ONE' of the numerous recorded prospectus disclosures ... there are many' ...
Washington Mutual, Inc. ... (the Parent Corporation) ... utilized its own corporate subsidiary's to package and produce these income generating, POOLED' products for financial involvement and financial long term gain' - for - *BOTH' ... individuals and corporate investors alike' ...
I will provide just a brief "snip"; from again, only ONE' of many available for any' interested party or' ... existing OWNER of the original Estate to review' ...
Again, the following excerpts are from One' of Many ...
==================================
FREE WRITING PROSPECTUS
Washington Mutual Asset-Backed Certificates
WMABS Series XXXX-HE2 Trust
Issuing Entity
WaMu Asset Acceptance Corp.
Depositor
Washington Mutual Mortgage Securities Corp.
Sponsor
Washington Mutual Bank
Servicer
$XXX,XXX,XXX.00
(approximate)
The following is direct from this and basically every prospectus provided' ...
"Consider carefully the risk factors beginning on page S-13 in this free writing prospectus and on page 5 in the accompanying prospectus.
The certificates will represent interests only in the issuing entity, which is the Washington Mutual Asset-Backed Certificates WMABS Series 2007-HE2 Trust and will not represent interests in or obligations of Washington Mutual Bank, Washington Mutual Mortgage Securities Corp., WaMu Asset Acceptance Corp., Washington Mutual, Inc. or any of their affiliates.
Neither these certificates nor the underlying mortgage loans are guaranteed by any agency or instrumentality of the United States.
In addition to reading this free writing prospectus, you are encouraged to read the accompanying prospectus dated [ ]
WHAT YOU OWN
Your certificates represent interests only in the assets of the issuing entity. All payments to you will come only from the amounts received in connection with those assets.
The issuing entity will own a pool of mortgage loans and other assets, as described under "The Trust" in this free writing prospectus.
"Each month, the trustee, LaSalle Bank National Association, will make distributions of interest and/or principal to the holders of the certificates. Distributions will be made on the 25th day of each month, or if the 25th day is not a business day, on the next business day. The first distribution date will be [ ]"
============================================
In My Opinion, ... EVERYONE is responsible for their own due diligence, and subsequent participation, ... these Certs are many, and not hard to find, ... I chose ONE randomly' to utilize as an example of ~ Know What You Own ~
AZ
~ WMIH, Will Figure Things Out ~
I am not the only one that knows how to review the relevant process and documents ... WE' ... are not alone' ... and ... WE' ... All Wait Together ...
AZ
~ WMIH, Is the Reorganized WMIIC and WMI ~
If you released as instructed to do ? ... Through ownership of your - account existing - Tracking Markers, ... YOU, are an owner of the Original WMIIC / WMMRC / WMI Original Estate ...
- YOU, ... are an owner of all things that Washington Mutual, Inc. ... Owned -
Anyone can read any one of numerous SEC recorded ... prospectus' ... assigned to any one of numerous SEC filed 6189' Asset-Backed Certificates ... There are many to review ...
They all have many of the same consistencies, ... WMI' ... used its subsidiaries to package these MBS's ... WMI' ... used WMB' ... as its "servicing entity" ...
Along with other ... individuals and institutions, ... Washington Mutual, Inc. ... participated in investing in its own products created, ... However, ... Washington Mutual, Inc along with its own subsidiaries, ... DID NOT own these Certificates ... Page ONE of each Prospectus ...
So, ... If YOU released ? ... YOU own exactly what Washington Mutual, Inc. ... OWNED, ... and held within WMI Investment, at the time of the seizure ...
AZ
~ PC', YW' Remember, While WMIH Trades on the Nasdaq ~
... WMIHP ... (a 144a preferred) ... remains on the OTC' ...
the B's did not simultaneously transition to the NasDaq in the same fashion as the WMIH-Corp common security' ... I believe everyone needs to know this', and understand the basic's
~ know what you own' ~ and' ... who is involved'
What is a Rule 144A equity offering?
A Rule 144A equity offering is an unregistered offer and sale of equity securities issued by a U.S. or foreign company, the equity securities of which are neither listed on a U.S. securities exchange nor quoted on a U.S. automated inter-dealer quotation system. See “Frequently Asked Questions About Rule 144A—What securities are eligible for exemption under Rule 144A?”
Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), provides a non-exclusive safe harbor from the registration requirements of Section 5 of the Securities Act for certain offers and sales of qualifying securities by certain persons other than the issuer of the securities. A Rule 144A equity offering is usually structured so that the issuer first sells newly issued securities to an “initial purchaser,” typically a broker-dealer, in a private placement exempt
from registration under the Securities Act. The initial purchaser can then take advantage of the Rule 144A safe harbor to reoffer and resell the restricted securities immediately to qualified institutional buyers (“QIBs”).
Rule 144A provides that reoffers and re sales in compliance with the rule are not “distributions” and, therefore, the reseller is not an “underwriter” within the meaning of Section 2(a)(11) of the Securities Act. A reseller that is not the issuer, an underwriter, or a dealer can rely on the exemption provided by Section 4(a)(1) of the Securities Act. Resellers that are dealers can rely on the exemption provided by Section 4(a)(3) of the Securities Act.
Which securities are eligible for exemption under Rule 144A?
Equity securities offered pursuant to Rule 144A, when issued, must not be “fungible” with or substantially identical to a class of securities listed on a national securities exchange or quoted in an automated inter-dealer quotation system (“Listed Securities”). Common stock is deemed to be of the “same class” if it is of substantially similar character and the holders enjoy substantially similar rights and privileges. American Depositary Receipts (“ADRs”) are considered to be of the same class as the underlying equity security. Preferred stock is deemed to be of the same class if the terms of the preferred stock relating to dividend rate, liquidation preference, voting rights, convertibility, call, redemption, and other similar material matters are substantially identical. A convertible or exchangeable security with an effective conversion premium upon issuance (at pricing) of less than 10%, and a warrant with a term of less than three years or an effective exercise premium on issuance (at pricing) of less than 10%, will be treated as the “same class” as the underlying security. See also “Frequently Asked Questions About Rule 144A—Eligible Securities.”
... There's More' ...
http://media.mofo.com/files/Uploads/Images/FAQ-Rule-144A-Equity-Offerings.pdf
~ Boris, These Are Great Considerations ~
... and, Thank You for observing these future observations and concerns' ... in my opinion, the basic outline begins at the fact that Equity's Owner Participation was never initially anticipated, nor expected' ... yet here we' all are just the same' ...
Due to this obvious change in the reorganized WMIH-Corp(s) ownership, which we all experienced with the approval of Plan 7' some four years ago now, ... the historical and documented factual information has been met with continued obstruction and interference' ... not only wasn't Equity expected to be part of the result, ... but no one, absolutely no one, was ever expected to go back and study and research the sequence of events as they occurred' ... WMIH-Corp, and its historical beginnings as the financial creation of a reorganized WaMu, ... was intended to not have a light shown upon it' ...
- Everyone was simply supposed to listen and believe that your tracking markers were merely procedural, ... and that they were worthless' ... simply because JPMorgan obtained ownership of all that was - WaMu - the parent corp., its banking sub' ... everything' ... Nothing Was Further From The Truth'
- Everyone was simply supposed to listen and believe that your transitional shares of the new company received for your release submitted, ... shares in the now WMIH-Corp ... was your just reward for participation ... Nothing was Further From The Truth'
- When the flings, documents, and text began being openly studied and presented ? ... the words were manipulated' ... or, the presenter was ----. well' everyone knows what has been done to many concerned participants' attempting to uncover Truth' ...
... No Equity Participant' ... was ever expected' ... and, No One was ever expected to read, study, research, or question' - any of the process' which lead us to this place in time' ...
"WMIH emerged from bankruptcy proceedings as the successor to Washington Mutual, Inc."
Direct from the WMIH-Corp site
www.wmih-corp.com
WMIH Corp. (“WMIH”) (NASDAQ: WMIH) is a corporation duly organized and existing under the laws of the State of Delaware. WMIH is the direct parent of WM Mortgage Reinsurance Company, Inc., a Hawaii corporation (“WMMRC”), and WMI Investment Corp., a Delaware corporation. On March 19, 2012, WMIH emerged from bankruptcy proceedings as the successor to Washington Mutual, Inc. Upon emergence from bankruptcy, we had limited operations other than WMMRC’s legacy reinsurance business, which is being operated in runoff mode and has not written any new business since September 26, 2008. We continue to operate WMMRC’s business in runoff mode and we are actively seeking acquisition opportunities across a broad array of industries.
AZ
~ Here, at Least, WMIH-Corp & WMI-LT Are Still Being Discussed ~
... Everywhere else, it appears that everything else except' the WMI-LT' and the new company, WMIH-Corp are being discussed' ...
The reorganized "debtor, WMI" and "debtor in possession, WMIIC" were initially and always expected to, and planned to, exit into reorganization as a private company' ... this was Plan 6' ... Plan 6 had TWO submissions to the Court, the first attempt was amended and the second attempt failed' ... Plan 6's plans for its own (failed) "rights offering", and plans for a "liquidating trust" describe and reveal what was planned for' ...
... The initial (failed) attempts for a Plan 6' confirmation leading to an attempted reorganization, ... only' considered the WMI' Creditor Classes' ... and had NO' accommodation for the WMB Bond Holders' or the Equity Class Estate Owners' ... 6' was supposed to end at the hybrid security, class 16' Piers Claimants ... the WMB Bonds, were left out and supposed to be the FDIC / JPM (s) problem, and any Equity Class participation was never considered to be included' ...
So, now here we' are, over four years passed since the March 2012' reorganization, and WMIH-Corp, in my opinion continues to act as if it exited bankruptcy protection into reorganization, as a private entity' ... initially, not even acknowledging its open trading on the OTC market' ... the list is extensive' ...
knowing how we' got here, ... is important, to understand how to weather this ... four plus long years, is a very long time to keep investors involved without any substantive forward moving information, ... other than the one failure reported last October' (link provided yesterday) ...
However, regarding the Estate's illiquid assets, the cumulative cash, and the financials involved ? nothing has changed'
ADDED from the WMIH-Corp site' ... "WMIH emerged from bankruptcy proceedings as the successor to Washington Mutual, Inc."
... everyone waits together' ...
AZ
~ Boris', Yes We' Agree on Basic's, The Outline ~
... (I will provide the relevant filing and text at the bottom') ... Regarding this WMIH-Corp move forward that everyone is waiting for' ...
In My Own Conclusions and Opinion, and, considering many parts of an obvious multi-tasked operation ...
As ... LG' ... has put together, I follow the numerous series of transitional events which occurred in 2015' ... along with both ... You' and LG's continued presentations, ... and ... I add in my own study and research of the actual process planned for this now reorganized company' (WMIH-Corp) ...
of which the eventual Approved Plan' was reworked, to properly include TWO needed' general unsecured classes, (class 12 & 18) ... First ? ... the WMI creditor class issues, ... then the WMB Bonds, class 17(a&b), ... then ending with Equity class Estate ownership'... class 19 & 22 obviously' included in the final and ending participation ...
I believe the "discussions ceased" as stated' ... due to an issue of something' that was expected to happen ? did not' ...
I also believe the "relevant events" will be reasonably simultaneous' ... for the eventual need'
For the WMIIC / WMI' Parent Corps returning "illiquid assets" to be managed' ... a servicing platform would be needed', ... we already secured the managers' F&G' (the new guys) ...
Again, ... the returning income earning MBS' and Certificate security's would need a servicing platform ("with respect to an operating division of a public company.")
Already cumulated income returning "cash" is a simplified distributions, ... utilizing the WMI-LT in its designated function as a Pass-Through, ... abiding by the Approved Plan 7's revealed distribution mechanics' ... a # 1;) "cash" ... distribution method' ...
AZ
"During the three months ended September 30, 2015, the Company identified a potential acquisition opportunity and participated in a competitive sale process with respect to an operating division of a public company. However, we were not able to reach a definitive agreement for the transaction and discussions ceased on October 13, 2015. The Company expended time and resources to explore this potential acquisition, including the incurrence of reasonable fees and expenses for financial advisory, legal and consulting services. We expect that the majority of these fees and expenses will be recorded in the Company’s financial statements for the period ended September 30, 2015 and will be reflected in the Company’s upcoming Form 10-Q to be filed in November."
http://secfilings.nasdaq.com/filingFrameset.asp?FilingID=10953539&RcvdDate=10/13/2015&CoName=WMIH%20CORP.&FormType=8-K&View=html
~ Guys' - Thanks for the WMIH-Corp' Warm' Welcome ~
... I've never been very far away, and, as everyone knows' ... along with being a WMIH-Corp Investor' ... I am also an Owner of the Original WMIIC / WMI Estate' ... literally, by the receipt of my tracking markers which were issued upon my releases provided' (as instructed to do by the true' relevant people involved)
I continue to believe that this NasDaq trading, (and now) Russell 2000 Index listed' new company, ... WMIH-Corp, ... will need to knock on the financial (asset value) door of the Original WMI' Parent Corp's Estates ...
This' ... "asset value" ... will be needed by WMIH-Corp, in any attempt to move forward in any type of a credible financial manner' ... as we all know, ... WMIH-Corp maintains ownership of the "equity value" of the same Original Estates (WMIIC / WMI) value' ...
As all know, over these long years, ... my interest is in a quite large' ROI' - a financial return, ... Serious Money' ... however, early on, I also took an interest in the nonstop BS' that was being thrown around' ... obviously, after so many innocent retailers had been caught up in this', I chose to get involved in the reveal of true and accurate information' ...
the other area's no longer appear to be interested in the financial returns available, or keeping up to date' in an investment protective nature' ... off-topic, and financial irrelevant silliness, seem to rule the day' ...
However, as all know, ... We' (retail equity) are in a pool of investors, that are not thrilled that we maintain ownership' so, ... Continued Financial Diligence is Critical' ... These are my opinions and conclusions'
Again, Thanks for the ... Warm' ... WMIH-Corp Welcome Back' ...
AZ
~ LG' ... That's Right ~
As a member of the retail participants which received ownership of the Original Estate, designated by the receipt of our Tracking Markers, ... AND' ... Ownership of the reorganized company, ... WMIH-Corp, ... by the receipt of our transitional new company shares ? ...
... WE' ... The retail participants are definately NOT alone, ... nor, are we anywhere near the majority ...
... WE' ... have, however, ... been given an opportunity to participate ...
AZ
~ Well, ? I Couldn't Care Less ~
As I said earlier, ... All of That ... is - all' - WMIH-Corp's - Problem ...
As a releasing participant, I am an actual owner of the Original WMIIC / WMI Estate, ... my participation, is numerically designated by the receipt of my tracking markers ...
While, WMIH-Corp is the "Documented" owner of the "equity value". of the same ? ... It's all on WMIH-Corp, to work this out ... everybody waits together' ...
AZ
~ BBob, The Lower The WMIH-Corp - PPS' ? ~
... The more shares it will take for this fledgling new company, WMIH-Corp, to need to utilize in any type of an acquisition process ...
As one' of the releasing owners of the Original WMIIC / WMI Estate ? ... the, WMIH-Corps predicessor ? ...
... That' ... is more WMIH-Corps ... Problem' ... Then mine' ...
AZ
~ Some WMIH-Corp Questions ? and Some Answer ? ~
The Due Diligence on WMIH-Corp, this current NasDaq Trading, Russell 2000 Index Listed, security leads to simplified conclusions after some four plus years since its quite creative, Plan Approved, settled reorganization' ...
as referred to within the text of its own site' ... "WMIH emerged from bankruptcy proceedings as the successor to Washington Mutual, Inc."
So, ... Upon WaMu's seizure by the OTS / FDIC on 09/25/2008, was JPMorgan Bank, N.A. assigned as the designated receiving bank ? (Yes) ...
Is JPMorgan being forthright when it states' ... JPMorgan received the Banking Operations of WaMu ? (Yes) ...
and did JPMorgan received the - assets' - of WMB in the 09/25/2008 transaction ? (Yes) ...
did JPMorgan (legally) commingle the deposit base of WMB and WMBfsb' immediately ? (Yes)
was there a Purchase and Assumption Agreement put in place between JPMorgan & the FDIC, for a required eventual and finalization of the process initiated ? (Yes)
ahhhh' ... But' ...
Does the reorganized new company, WMIH-Corp own the "equity value" in its predecessor ? (Yes)
Do the releasing participants continue to own the Original WMI Investment Corp / Washington Mutual, Inc. Original Estate ? (Yes)
Did all that was the Massive WMI Parent Corp and its subsidiary, "Investment" become the property of JPMorgan upon the 09/25/2008 seizure ? (No) ...
Did all that was the Massive WMI Parent Corp and its subsidiary, "Investment" maintain all of its holdings within its banking sub WMB ? (No)
No one believes that, including JPMorgan, which states it' only received the Banking Operations and the assets of WMB in the transaction' ...
So the study and research has incorporated into it, just exactly what the releasing and continued current owners of the Original WMIIC / WMI Estate own, regarding the returning cumulative income earning stream over eight years, (cash) ... and, ... the illiquid MBS(s) and Certs, that are, and have been generating the income earning stream'
Direct from the WMIH-Corp site
www.wmih-corp.com
WMIH Corp. (“WMIH”) (NASDAQ: WMIH) is a corporation duly organized and existing under the laws of the State of Delaware. WMIH is the direct parent of WM Mortgage Reinsurance Company, Inc., a Hawaii corporation (“WMMRC”), and WMI Investment Corp., a Delaware corporation. On March 19, 2012, WMIH emerged from bankruptcy proceedings as the successor to Washington Mutual, Inc. Upon emergence from bankruptcy, we had limited operations other than WMMRC’s legacy reinsurance business, which is being operated in runoff mode and has not written any new business since September 26, 2008. We continue to operate WMMRC’s business in runoff mode and we are actively seeking acquisition opportunities across a broad array of industries.
~ What Could Be the WMIH-Corp Hold-Up ? ~
... Is it because they' can not find anything of substance to acquire ? ... Well, with only $71 million in actual cash, and a debt / dilution "rights offering" ... not being able to move forward in any type of financial relevance doesn't take much of a stretch of the imagination' ... for the seasoned investor / participant
Is WMIH -Corp, the reorganized new company waiting for movement regarding the reconciliation of its predicessor Estate ? ... Probably' ...
Could the following have something to do with the holdup ? ... Probably' ...
Deutsche Bank National Trust v. FDIC, et al
Appeal Court of Appeals for the D.C. Circuit, Case No. 15-5322
docket://gov.uscourts.cadc.15-5322
CLERK'S ORDER [1610633] filed granting motion to hold case in abeyance [1609055-2]. Cases 15-5322,15-5326 held in abeyance pending settlement in this case. Motions to govern future proceedings due 30 days of the conclusion of settlement proceedings; directing party to file abeyance status report due by 07/26/2016 [15-5322, 15-5326]
~ YW' - 2221' ... Regarding WMIH-Corp ? ~
Just never forget, ... your releases signed and submitted as instructed to do, ... specifically designate YOU as an OWNER, an OWNER, of the Original WMIIC / WMI Estate. ... (tracking markers received)
WMIH-Corp, (s) ... predicessor ... they' admit to this on their own site ...
AZ
~ IMO' - WMIH-Corp Has Additional Concerns ~
there is an operating sub, from the Original Estate' which still maintains its own Fed Tax ID' (hmmmm ?)
there continue to be incomplete data reveal'
and, obvious documented' personnel conflict'
In my opinion, ... the original plan was genius, ... just no longer perfect, once plan 6' failed ... close? Yes' ... perfect ? No'
AZ
~ Hello AT' - I Surely Hope So ~
When reviewing the ... Pooling Agreements', ... the Pooling and Servicing Agreements', ... the Servicing Agreements, (etc) ... (the files are massive')
I would have to speculate that over 40% of the Pass-Through Certs and Mortgage Backed Security's, are actually listed through DB' ... again, The list is extensive, ... however DB and its involvement definitely jumps off of the page' ...
Many of these "Certs" are scheduled to pay out way into the future' ... I saw many scheduled out to continue to return out to 2035' ...
AZ
~ I'm Still Here' - on WMIH-Corp ~
The same as before, ... no changes' ... the on going study and research continues' as always, ...
AZ
~ Bob, ... The Ever Famous "Posit" ~
When reading her' exact words, ... When, The Judge - "Posited" - the $10 billion, ... she' was referring to the' ... "creditors" ... and the' ... "equity value" ... one merely needs to read the exact words spoken by the Judge in the transcript' ...
Remember, ... By Her Own Ruling' (First Day Filings) ... WMIIC, and its ... "asset values" ... and its ... "cumulative cash return earnings" ... had been ... isolated ... from the bankruptcy process, ... - other than - ... for procedural purposes, and document convenience'
AZ
~ LG, Jest, HM', WO, & All, ... It's Quite Obvious ~
Regarding the correlation between the new company, WMIH-Corp, ... and it's ownership of the "equity value" of the original estate, ... and the ownership of the "asset value" of the original estate, by the releasing participants, ... at reorganization ...
It's vividly obvious That ... everyone ... doesn't have the same goals or objectives' ... and ... That, ... everyone ... has not taken the time to study and read the complete case file from the very beginning' ... in an effort to gain a full understanding of the process, what happened, and more importantly, ... "What IS To Come" ...
Within - The initial, First Day Filings, (2008) it is distinct and specified, that WMI, owns 100% of the WMIIC ... "equity value" ... (to be secured and eventually fulfilled, at the initially requested reorganization)
Within - The initial, WMI-LT Filings, (2012) it is distinct and specified, that the WMI-LT will consist of' ... [ --- ] ... "other than" ... the ... WMI (Investment) "asset value" ... along with the ... "inter-company claims"
... (to be fullfilled when the participants and estate owners, of the reorganization are decided upon within the Approved Plan) ... (participants became ... estate owners ... by their submission of a release, and receipt of their tracking markers as Court instructed to do)
AZ
~ Sorry Voodo' ... It's Not Your Choice ~
This is Plan 6' ... which of course was denied and simply adjusted, so that the actual owners of the estate would be allowed to be included, ... Plan 7' ... The Judge made sure that everything did NOT, go to the creditors ...
Within the approved Plan 7' ... The creditors, were only able to receive their cash owed plus FJR' ...
The creditors and LTI holders, are ... obviously' ... still quite bothered
AZ
~ Don't Confuse an LTI, with a Managed Estate' Asset ~
The base "asset value" is owned by the actual owners of the estate, the releasing marker holders, ... not, ... the WMI-Liquidating Trust' ... The WMI-LT is only the asset manager and distribution vehicle' ... A Grantors Trust' ...
The WMI-LT, can only be in control of previously, Court determined - Liquidating Trust Interests -
After reading beyond the comma, and also, understanding that the MOR(s) only reported cash' ... A review of a Trust QSR, would be recommended' ... slowly'
... We' ... should all be able to watch the process begin shortly, ... or' ... soon
Everyone listened to the Judge and released ... Right ? ... ( ? or, maybe not ? ) ... some, stated that they wanted to actually ... sp$t ... on her ? ... shameful'
AZ
~ WMIH-Corp is Ready' to Move Forward' ~
WMIIC was Court Ordered to be Isolated' ... (2008)
A&M was Court Allowed to service and manage the returning cash income stream' ... (2008)
The "asset value" is a base number, calculated at the March 2012' Reorganization, now owned by the releasing participants
The "equity value" is a variable number calculated from the March 2012' Reorganization upon a percentage of recovery of the economy, to a future point in time which will be decided to be acted upon' ... by WMIH-Corp ...
... Once WMIH-Corp, begins to gain the ownership of the "asset value" coupling that value to the "equity value" it already owns' ... A&M's services will no longer be required, and the income earning stream generated, will also become the profitable earning income property' of WMIH-Corp' ...
Once WMIH-Corp begins the process, ... The accumulated income stream of cash, currently being warehoused by A&M over the last eight years will be released to the owners of the estate, ... (the releasing marker holders) ...
While WMIH-Corp, will acquire ownership of the same exact income earning stream, as WMIH-Corp, also' acquires ownership of the base "asset value" also owned by the owners of the estate ... (the releasing marker holders) ... through an "asset value" for WMIH-Corp stock exchange" ...
WMIH-Corp ... after its proper payment for same' ... will end up owning, ... the "equity value" ... along with ... the "asset value" ... and the ... "income earning stream" .... of the original massive WMI / WMIIC portfolio' ...
KKR, ... Citi', ... The Hedge Funds, ... and all involved will prosper nicely as WMIH-Corp finalizes and completes the process to attain full ownership of a massive' profit making, income earning asset pool' ...
The releasing tracking marker holders, as the owners of the Original Estate, ... will be paid for their "asset value" owned, handsomely, with a # 4:) common shares in the newly reorganized company, .... while the accumulated income returns over the last eight years, ... will be released to the same releasing tracking marker holders, ... paid by a # 1:) cash ...
These are, The Distribution Mechanics, as described in the Approved Plan of Reorganization' ... Plan 7'
AZ
~ Hey Bob' Hope You Are Well' ~
First, ... I gave up riding last Dec 6, 2015' ... when a long time friend and his wife, on the back, died instantly in a head-on outside of Tucson' ... That was the end of riding for me' ... I kept "one" classic bike for "lookin at" that I've owned since it was a pup' some 50 years now' ...
Back to WMIH / WMI / WMIIC ... I have dissected a few heavily redacted' A&M's billings and it's basically, ... cash in, ... recorded, via data entry, ... and they pay any associated bills' ... (actual numbers are always redacted) ...
So, sorry but no' to your specified question, ... I'm just not sure how much cumulative cash returns, the Great' WMI / WMIIC, money machine generated on a monthly basis' ... All I can actually see, is the Court ordered assignment of A&M, again, ... "on behalf of the affiliated debtor" ...
I say, on a monthly basis', ... for a couple of reasons, ... 1st) ... cumulative cash returns generated by Mortgage Back Securities, are recorded on the 22nd of each month ... and ... 2nd) A&M requested to be Court Approved to be able to bill monthly also ... their initial retainer was only $250,000.00
Just remember, ... Judge Walrath ... Ruled' ... That FJR interest would be paid ... "on a claim" ... NOT' ... "as part of a claim" ... So, whatever the numbers are ? ... the Court Ordered Interest returns will sweeten the pot' substancially ...
I figure the accumulated cash alone, plus the FJR assignment, should be a tidy sum by now, after some eight years since the seizure ...
Plus then we have all of the super cool' WMIH issues' ... as this shareholder meeting approaches, ... I see good things coming to ALL, as I have posted ...
AZ
~ A&M's Fees' are Court Approved, and Publically Revealed ~
There are no secrets regarding A&M's Fees, ... Their fees and costs, were Court Approved and everything is available for public review, ... (only their Court submitted monthly billing statements are difficult, ... not impossible ... to find for review) ...
Also, ... A&M was given the task of, warehousing WMI / WMIIC cumulative cash returns, since the Sept 2008' Seizure, ... "on behalf of the affiliated debtor" ... and ... "nunc pro tunc" ...
The FDIC's designated receiving bank, was given the task (sarcasm) of managing and servicing the Massive WaMu Loan file' ... JPMorgan'
I think JPM, did OK' ... and ... the reason for my (sarcasm) referring to an FDIC assigned, "task" ...
AZ