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Read the docs ..it s in black and white. That s not an opinion, is a FACT.
After so many years, you just don t know this?!
What you forgot ; assets belong to reorganized wami, but the interest in these assets belongs to former wmi shareholders (minus 2.5%). So Coop shareholders will get the most 2.5% from the billions returned in interest generated from those assets.
That s a FACT!
Newflow to apologize? Why?! for an opinion? We all have a right to an opinion here. if you don't like his posts move on. Personally, your posts are worth zero to me. Do I think you should apologize? No.
You forgot what was the most essential; reorganized WMI own the assets, but interest in these assets belongs to former wmi shareholders.
No way Coop touch any interest.
Nothing in that email said worthless removal", "expired position".
Im not sure what others received as an explanation from brokers regarding their escorw markers.
That `s what I believe as well. Everything I asked for in the email was related to an official reply of why I have all wamu securties as sold in my account, each one for $ 0.01 (Q, P, K)
And that was the answer I received.
Boris ,
I sent an email and ask why my securities were sold ($0.01) . The email i posted is how they answer to my questions.
This is the email i got it today
"Thank you for contacting Ally Invest.
We appreciate you reaching out regarding your account. I was able to review your account and the securities that were sold. The securities that were liquidated are pending final cash distribution per the terms of bankruptcy for Washington Mutual. These securities were sold and will be credited in the coming days with your portion of the bankruptcy settlement. I have provided a link below that outlines further information around the settlement.
https://www.prnewswire.com/news-releases/wmi-liquidating-trust-to-initiate-final-distribution-and-wind-down-of-operations-300984639.html
Please feel free to contact us at any time with any questions or comments you might have regarding your account or our website. We can be reached via this email address, through the “Live Chat” links on our website, or by phone at 855-880-2559. We are here for you 24/7.
Sincerely,
WMI retained ownership...but... escrow markers owns the interests in those assets. We are getting pay no matter what!
You are 100% right!!
Muff77, this is the best post in the last 13 years!!! AZ is the man!!!
AZ was Right back then, and still as of today AZ is right!!
LOL . A good one !!
We are just starting. LOL
markers are still in my account.As far as I know, AZ is right on 99% of the time !!
All you have to do..is read the docs :))
True!! and...AZ was RIGHT!
That s what she got.
No what she knows about it. It s first time when she get a letter like that.
On the second page is :
To the holders of: FT 8750 FT HIGH INCOME MODEL PORTFOLIO, 30 20
In accordance with the tems of the trust indenture and/or agreement, The Bank of New York Mellon, as Trustee, submits the following
statement for calendar year ended as of December 31, 2020.
CUSIP: 30314H662
30314H670
30314H688
30314H696
2915 14s I es 2 RIOI O00S
Yes. This was the first time she received it.
month /day.. not year (in reference
2020 Trustee's Annual Report)
7/25
8/25
9/25
10/25
11/25
Second page is kind of statement/account ..a lot of numbers...and..
Monthly Distributions
Dist.
7/25
8/25
9/25
10/25
11/25
BNY MELLON
Important Information Regarding the
2020 Trustee's Annual Report
Dear Unitholder(s):
Enclosed is your 2020 Trustee's Annual Report. This report is sent to you because you may have owned
units of the referenced Unit Investment Trust ("UIT") during the 2020 calendar year either directly with
BNY Mellon or with another financial institution. The information below is provided to assist you in
understanding what is being reported.
The Trustee's Annual Report is not a statement of your personal account. The annual report is an
accounting statement fulfilling reporting requirements of the entire UIT. Account balances and activities
contained in the report refer to positions held by the UIT itself, not to your individual account.
This report does not constitute evidence of ownership. You will receive an annual report if units were
registered in your name at any time during calendar year 2020. If you redeemed or transferred your units,
or if the referenced UIT matured during 2020, you will still receive a copy of this report even though you
no longer own units of the UIT.
Records of your investment may not be maintained by BNY Mellon. If you own(ed) units of the
referenced UIT through another financial institution, your mailing information was provided to us by your
financial institution solely for the purpose of this mailing. In this case, we will be unable to provide
account-specific information about your investment. If you require general information regarding the
UIT, you may contact us at the toll-free number on the report. For your personal account information,
please contact your financial advisor.
The Trustee's Annual Report is not a tax-reporting document. The Tax Information Statement will be
sent under separate cover either by BNY Mellon or the financial institution through which you held your
units. The information contained in this report is not furnished to the Intermal Revenue Service; however,
for UITS containing municipal bonds, this report may contain information that is useful in determining
whether a portion of the income received from the Trust is exempt from taxation on a state level.
Please contact BNY Mellon at the phone number listed on your report with any further questions.
BNY Mellon
Trustee
2020
One of my friend received a Trustee Annual Report from BNY MELLON. She own 1000 P. That was 2 days ago. I did not get anything yet. I don t have your email, or AZ I can send you this in private.
Yep!!!
They have no escrow, nada...you can t get pay if you own nothing. Is that simple!
Thank you AZ!
Thank you much Large Green!
Large Green what happened with AndyG's post?
1000% Agreed!
AZ is Right!
The only ownership escrow marker holders have is 97.5% from interest income generated by these assets. In 2007 I believe was about 6 billion / year.
All assets are own by WMI=WMIH
As escrow marker holders we own 97,5% interest income generated from these assets.
These assets as AZ said many times produced income and they could not be sold, they could not be part of bankruptcy process.
All the interest income generated by these assets (WMI=WMIH) starting with sept 2008 are safe and accounted (at least 97,5% from it). I believe WMIH/Coop can use 2,5% as they see fit.
The 2.5% interest income generated by these assets will belong to all coop shareholders.That s is my understanding.
As far as I remember and understand WMI = WMIH own all the assets, escrow markers own the 97,5 % interest income generated from those assets except 2,5% that belong to WMI = WMIH = Coop.
So, that 2,5% interest income generated from those assets belong to WMIH and all Coop shareholders.
As escrow marker holders we do not own the assets,just 97,5% from interest income generated from those assets.
AZ thank you for keeping this board alive.
As I remember WMI = WMIH (parent) is eligible to 2.5% from the interest earning income produced by assets that belonged to WMI.
So, WMI = WMIH own the assets that produce interest earning income and escrow markers own the interest from these assets, except 2.5% from earning income in these assets (so for every $ 100 generated, $ 97.5 goes to escrow markers and $ 2.5 remains at WMIH = Coop).
In order for WMIH to qualify for the 2.7 billion bridge loan (Nationstar deal) it makes sense that interest earning income generated from WMI assets was collateral. It was the only source of income. The same situation with KKR. The question is, has WMIH put as collateral, the 2.5% interest earning income (that belongs to them) produced over the years from WMI = WMIH assets? If that's the case they did nothing wrong.
Those assets (WMI) produced around $6 billion /year as I remember in 2007.
Thank you again my friend
Tickle you are amazing. You are here for 3 weeks and request proof from AZ when escrow holders will be paid,;date, time, year .
Where have you been in the last 12 years ?! Everyone has the right to an opinion, even you. I have not yet seen evidence that escrow markers will not be paid. My markers are still in my account.
Tickle ..tickle..you have ZERO CREDIBILTY! NO DD..LOL
Tickle : Alias Born12/08/2020 08:18:32 AM
AZ IS RIGHT! Most of us are here for AZ and few others great posters, and will be here until the last penny is paid to the escrow holders.
$65 billion minimum to ++$86 billion
Have I told you how much I love my escrow markers?!
Pickstocks you are 1000% wrong,you have no DD just BS. MOST of us check this board to look for AZ opinion. By far he is the best poster and most of us appreciated his DD and the fact he is willing to shared his opinion here.
The one that works 24 hours a day to tell us we get no money is you and few others that have no escrow, no DD .
AZ is Right!
I understood this. But I don't see how the money would be deposited in accounts where people are no longer with us. The second aspect is that many have forgotten about this process, are no longer aware or have given up long ago ( look how many new aliases we have on this board ) Certainly 20-30% are not aware of this process. What will happen to this money? Coop will keep it? They ll try to screw us in any way they can, if they can .
As retail investors we not supposed to be here.They got caught! WE WON long time ago!
Light always overcomes darkness. Truth always overcomes lies.
IMO
AZ IS RIGHT!
No one can guess exactly when this process will end. in my opinion this aspect is less relevant.
Tens of billions of MBS / ABS wamu trust products are not in JPM's custody. The evidence presented by AZ and others, the process is indisputable and very clear.
One aspect is clearly related to naysayers; bees go where honey is.
As long as naysayers are around us, is a positive aspect.
It is possible to fill out a form, as requirement when the process is completed. I do not see how the money will end up directly in our accounts when some of the old wamu investors are no longer with us. No form completed no money.
This may be the reason why they want to demoralize escrow marker holders .
AZ is Right!
IMO
Tickle where is your DD? Where have you been in the last 12 years? ?! AZ is one of the most respected poster on this board.
Most of us are coming here for AZ and few others great posters.
Tickle : Alias Born12/08/2020 08:18:32 AM
Jb92106, best post of the day!!
Royal great post ! Thank you