JPM BOUGHT 145000 loans worth 54BILLION

"JPMorgan's Public Commitment results for 2008 ref1ect the purchase of
approximately 145,000 qualifying loans totaling $53.4 billion that were obtained as a
part of JPMorgan's acquisition of Washington Mutual's loan portfolio."

http://fcic.law.stanford.edu/resource/index/Search.keywords:JPMorgan/Search.Videos:1/Search.Documents:1/Search.Interviews:1/Search.startmonth:01/Search.startyear:2008/Search.endmonth:09/Search.endyear:2016

Terminating a Receivership

Settlement with the Assuming Institution
The FDIC and the assuming institution handle most of their post-closing activities
through the “settlement” process. The settlement date may be from 180 days to 360
days after the bank or thrift closing, depending on the failed institution’s size. Adjustments
made between the institution’s closing date and the settlement date reflect (1) the
exercise of options by the acquirer, (2) any repurchase of assets needed by the receiver or
“put back” of assets to the receiver by the assuming institution, and (3) the valuation of
assets sold to the acquirer at market prices.
Management and Accounting for Receiverships
Each receivership is operated as a separate entity. During the peak years of 1990 to
1992, the FDIC actively managed nearly 1,000 receiverships and terminated on average
110 receiverships each year. In addition, at its peak in 1992, the Resolution Trust Corporation
(RTC) actively managed about 650 receiverships. Both the FDIC and the RTC
had to develop and maintain separate accounting for each of those receiverships. As a
result, the agencies developed allocation methods to distribute income and expenses
among the various receiverships.
Professional Liability Claims
The FDIC conducts an investigation into each failed institution to determine if
negligence, misrepresentation, or wrongdoing was committed. Any funds recovered
from those investigations are returned to the receivership.18
Terminating a Receivership
Receivership termination represents the final process of winding up the affairs of the
failed institution. All significant issues must be resolved before termination. The duration
of a receivership varies depending on individual circumstances, such as type of
closing; volume and quality of assets retained by the receivership; and the existence of
defensive litigation, environmentally impaired assets, employee benefit plans, and
professional liability claims.

Receivership closure of any bank will be officially announced by FDIC as per FDIC.

CONGRESS ASKING FBI TO PROVIDE FINANCIAL CRISIS ERA INVESTIGATIONS AND CONCLUSIONS.... hurry up

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=125116134

Fidelity Management Trust Company was recently mentioned in Deutsch bank case.Any one any idea of this agreement discussed in GSA?

"Assignment of Trust Agreement, dated as of August 10, 2009, between
Washington Mutual, Inc. and Fidelity Management Trust Company, consented to
by JPMorgan Bank Chase Bank, N.A."

Section 2.19. Loan Servicing. From and after the Effective Date, JPMC
shall (a) cause such of its Affiliates to continue to service the loans identified on Exhibit
“Z” hereto (the “Loans”) pursuant to the servicing agreements identified on Exhibit
“AA” hereto (the “Servicing Agreements”), (b) cause such of its Affiliates to remit to
WMI all checks and/or payments received in connection with those loans in its
possession and (c) promptly (i) remit to WMI all servicing advances that JPMC is
holding with respect to such loans and (ii) provide WMI an accounting with respect to
each of the foregoing. Notwithstanding the foregoing, any dispute that may arise relating
to the servicing of such loans during the period from and after the Effective Date shall be
brought pursuant to such servicing agreements and this Agreement is not intended to
create any additional rights, obligations or remedies. The Parties acknowledge and agree
that (y) the Loans are the only loans that are or will be, from and after the Effective Date,
serviced by the JPMC Entities (or their Affiliates) for the WMI Entities (or their
Affiliates or their successors in interest) and that the Service Agreements are the only
servicing agreements between the JPMC Entities (or their Affiliates) and the WMI
Entities (or their Affiliates) and (z) with the exception of the obligations set forth in this
Section 2.19, the JPMC Entities (and their Affiliates) shall have no further obligations or
liability to any of the WMI Entities (or their Affiliates) with respect to or in any way
related to the servicing of any loans for the WMI Entities (or their Affiliates).

Eltoprazine Phase-111 AND Human Skin Replacement

Active Indications (Highest Phase)

Phase III
Attention-deficit hyperactivity disorder
Phase II
Aggression; Drug-induced dyskinesia

Most Recent Events

13 Sep 2016
Phase-III clinical trials in Attention-deficit hyperactivity disorder (PO) (Amarantus BioScience pipeline, September 2016)
10 Feb 2016
Eltoprazine receives Orphan Drug status for Drug-induced dyskinesia in patients with Parkinson's disease in USA
04 Jan 2016
Amarantus pauses enrolment in its phase IIb trial for Drug induced dyskinesia in USA
---------------------
Tissue replacements
Active Indications (Highest Phase)

Phase II
Burns
Clinical Phase Unknown
Nevus


Most Recent Events

13 Sep 2016
Phase-II clinical trials in Burns in USA (Topical)
08 Aug 2016
Clinical trials in Burns (In children) in USA (Topical) prior to August 2016
08 Aug 2016
Positive efficacy data from a compassionate use clinical trial in Burns released by Amarantus BioScience

http://adisinsight.springer.com/search

Interesting part was they wanted whatever (parties) is held or would be held at LT for common shares,named as LTIs.

Check this out
http://www.kccllc.net/wamu/document/0812229120113000000000009

Page 14/25

Point # 10

LTIs for commons look like a guaranteed thing IMHO.

Tanj,LG,AZ,BK,Boardork..hope you all read this document on the page specified."HELD" is the key word.

ESCROWS...

LTI FOR COMMONS - BONDERMAN'S ESCROW PARTNERS

Docket # 9411 on KCC

Page 14/25

Point # 10 as per "DIRECTION LETTER"

FLOAT if they do 300 to 1 reverse split assuming 150000000 issued and outstanding at that time would be.....500000....thats a joke.Even if they do 2 to 1, the float becomes 75million.I guess they need more shares than these levels now and in the future.
My guess, somebody is badly in need of shares from weak hands.GLTA all, if AMBS gets RPDD approval , this will skyrocket.

LT & JPM
From DS
3. Liquidating Trust Assets
The Liquidating Trust shall consist of the Liquidating Trust Assets. On the Effective
Date, the Debtors shall transfer all of the Liquidating Trust Assets to the Liquidating Trust. The
Liquidating Trust Assets may be transferred subject to certain liabilities, as provided in the Seventh
Amended Plan or the Liquidating Trust Agreement. Such transfer shall be exempt from any stamp, real
estate transfer, mortgage reporting, sales, use or other similar Tax, pursuant to section 1146(a) of the
Bankruptcy Code. Upon delivery of the Liquidating Trust Assets to the Liquidating Trust, the Debtors
and their predecessors, successors and assigns, and each other Entity released pursuant to Section 41.6 of
the Seventh Amended Plan shall be discharged and released from all liability with respect to the delivery
of such distributions. In addition, the Liquidating Trust shall assume all of WMI’s rights and obligations
pursuant to Section 2.4 of the Global Settlement Agreement, and WMI shall have no further liability or
obligations thereunder, to the extent that the transfer to the Liquidating Trust shall not impose any
additional obligations or liabilities on JPMC.

Impact of Adversary case closures on DC Action?
From DS
"Accordingly, the D.C. Action was stayed in its entirety pending outcome of the adversary proceedings
pending in the Bankruptcy Court.
JPMC and certain WMB Notes Holders were permitted to intervene in the D.C. Action.
The Creditors’ Committee also filed a motion to intervene which was opposed by the FDIC, JPMC and
the WMB Notes Holders. The Bankruptcy Court did not rule on the Creditors’ Committee’s proposed
intervention."

JPM aquired WMB with around $40Billion equity in it.They wrote down certain assets and other property such as branch office properties around 31B + 7B and paid an amount of $1.88B , all rounded to 40Billion.Do they have to pay that pursuant to P&A or not?.

FDIC posted loss sharing with banks list.
Loss sharing for Washington Mutual Bank transaction "None"

2019 is my guesstimate.I dont think any BOD would give 1.7million shares just for a quick return.Shareholders firing the BOD is not going to happen, LT and other AAOC are still holding millions of shares could out beat retail.

so what do you think meatless?

As per EC chair MW letter to shareholders, two major assets would be WMMRC,NOLs and runoff note portfolio.
And i dont think the new ceo and his buddy were given millions of shares for free and in for a short time period.They were given 1.7million shares in Jan 2015.It takes awhile to get the fruits, imho.sooner the better.But my feeling is that it will be fruitful in 2019 as described in BS analysis.I am not advising any one to buy,sell or hold.I will hold whatever i have, i might sell if it goes up or i might buy if it goes low.

"Sr.Note" the word sr has a meaning dude.Unsecured is a whole different.
What are 'Senior Notes'

Senior notes are debt securities, or bonds, that take precedence over other unsecured notes in the event of bankruptcy. Senior notes must be paid first if assets are available in the event of a company liquidation. A senior note pays a lower coupon rate of interest compared to junior unsecured bonds, since the senior debt has a higher level of security and a reduced risk of default.

Read more: Senior Notes Definition | Investopedia http://www.investopedia.com/terms/s/seniornote.asp#ixzz4Jd9H3EtJ
Follow us: Investopedia on Facebook


DEFINITION of 'Unsecured Creditor'

An individual or institution that lends money without obtaining specified assets as collateral. This poses a higher risk to the creditor because it will have nothing to fall back on should the borrower default on the loan. A debenture holder is an unsecured creditor.

Read more: Unsecured Creditor Definition | Investopedia http://www.investopedia.com/terms/u/unsecuredcreditor.asp#ixzz4Jd9MQClS
Follow us: Investopedia on Facebook

So DB is ok with unsecured, so unsecured might get whole or something,followed by equity,imho.

Is it safe to imagine, unsecured creditors will get paid?.I think so, when DB is put in the same category.Who will be next after unsecured creditors?.

OFF-SHEET Q&A BY FDIC DURING BIDDING
Among the “Frequently Asked Questions” (FAQs)
21 was the following question and answer:
[Question:] Are the off-balance sheet credit card portfolio and mortgage securitizations included in the transaction? Do you expect the acquirer to assume the servicing obligations? If there are pricing issues associated with the contracts (e.g., the pricing is disadvantageous to the assuming institution), can we take advantage of the FDIC’s repudiation powers to effect a repricing?
Answer: The bank’s interests and obligations associated with the off-balance sheet credit card portfolio and mortgage securitizations pass to the acquirer. Only contracts and obligations remaining in the receivership are subject to repudiation powers.

wamu_amended_unsealed_opinion-4.pdf

Page 18/54

LIABILITIES ON WMB BOOKS WAS A LIABILITY OF JPM,right?

From the opinion of judge RMC
"The acquisition of WaMu was governed by a Purchase and Assumption Agreement (P&A Agreement or Agreement), drafted by FDIC, which defined the “Liabilities Assumed” by JPMC to mean those “reflected on the Books and Records” of WaMu."

WMI was a creditor to WMB and there was a liability of WMB to WMI,right? Is it not a liability of JPM if the liability were there on books of Wamu?

And on top of it, "JPM having a confidential agreement separately with DB where FDIC is not a party to it"....ssshhhh

FDIC never mentioned the figures were based on GAAP, but UNAUDITED.

P&A is still open.JPM has to pay the final amount pursuant to P&A IMHO and receivership needs to announce the closure.
WMILT has to show the amounts it received from JPM towards JPMC Assumed liabilities and assets bought under 363 sale.
WMILT has to show the 'Recovery Claims'.
WMILT has to show the tax refunds and sale of other assets like wamu 1031 exchange, wmi citation holdings,WMI Rainier...etc.

UNAUDITED itself states that its not evaluated as per the standards set.If you want to conclude on that, you can do that.

FDIC specifically mentioned UNAUDITED balance 2.75B(this is cash paid by JPM + WMI around (1.9 + .85)B

They get paid like any other unsecured creditor on a promise,

"will not subordinate or otherwise diminish the Trustee Allowed Claim"

oh! so DB lawyers are so dumb that they fought for an allowed claim in receivership, not for real money?.Genius.

IF FDIC has on 2.75B in receivership of washington mutual bank, how did allow DB claim around 3B?

As per FDIC status update last week, DBCNT would file a settlement in California court for the settlement.Dont have any other info.

There is serious flaws in WMI ch11 case, more than Lehman.It all started with a friendly meeting between EC chair and Rosen with out any pre approval from the counsel to EC.It is all documented, Mr.Trump is always welcome to this case.

I did read other stuff too Tanj.Looks like WMRP is/was the controlling LLC in DE of the properties such as Wamu Irvine center head office and so on, around 6B assets.IMHO, some thing related with WMMSC.But "pursuant to" has a meaning every where.

I have been ... and i have some shares of WMIH, not going to sell them.Still got the original certificate for 10k shares with my Q,P,K and H escrows and LTI respectively.Read about more than about 1 million pages atleast about this case.

2019 IMHO.KKR might start shorting this pretty soon.Blackstone projected it to 2019.But it is just my understanding and i am not giving any one advise to buy or sell or hold.

WMRP.... is under JPM subs now.They got the consolidation on the day before WMIH statement.

KTBS was hired claims against former BOD,Invetment bank advisors, rating agencies,auditors and others from time to time---- Barash Declaration

WMRP DELAWARE HOLDINGS LLC.

2008-09-25 WMICC DELAWARE HOLDINGS LLC located at CHATSWORTH, CA was established as a Domestic Entity Other.
2016-06-29 WMICC DELAWARE HOLDINGS LLC was acquired by WMRP DELAWARE HOLDINGS LLC.