Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Purchase and Assumption Agreements List
"FDIC Purchase and Assumption Agreements
By Daniel Edstrom
DTC Systems, Inc.
Along with the large number of failed banks, there are a large number of Federal Deposit Insurance Corporation Purchase and Assumption Agreements. The National Consumer Law Center was kind enough to publish many of them at the following web page:
www.nclc.org/issues/failed-banks-purchase-and-assumption-agreements.html
Here is the list of Purchase and Assumption Agreements available, as well as some other information:
Purchase and Assumption Agreements "
See
dtc-systems.net/2013/06/fdic-purchase-assumption-agreements/
I cannot answer private,
Thanks for your answer
GL
What happened with the excluded Assets & Liabilities in the P&AA
https://www.fdic.gov/bank/individual/failed/unitedwestern_p_and_a.pdf
For example:
3.5 Assets Not Purchased by Assuming Institution
3.5 (l)Excluded Securities
the securities listed on the attached Schedule 3.5(1)
$256,846,259.85
3.5 (p)Excluded Loans
the loans listed on the attached Schedule 3.5(p)
$228,251,513.08
Thanks for answering FS
I know it's early to worry about the payment (if ever) process... but better soon than late....you know if this transmutates into Po$$$ I wanna know who the check guy is
GL
Hi FS
EZ part is that an algorithm simply directs p/s distribution amounts to any stock account or registered shareholder holding a CUSIP.....................THE CUSIP #.
TradeinMan
True, but we have, when talking about former WAMU interest holders, WMILT (Washington Mutual Liquidating Trust :http://www.wmitrust.com/WMITrust) to know how things are going on, Who to contact, claim, etc.
In UWBKq's case we are in the middle of "nowhere"...
That's why I am concerned about where/WHO to contact...
TIA
Well, actually I thought they were the same person
,but coming this disclosure statement from you I'll consider it valid info
.....
well, who else?
ps : No offense intended FS, just kidding
United Western Bank Contact Information
https://www5.fdic.gov/drrip/cs/Detail.asp
Apart from this contact info at FDIC Who should we contact to Get Paid (if that scenario takes place)?
TIA & GLTA
ps
It is bank's no parent company's contact info...
Thanks so Much W3 ¡¡
Just trying, like many others here, to bring a grain of sand to the WAMU beach
GLTA
it is also known, there is more than one version of the P&AA, and WaMu went into bankruptcy the next day (on September 26, 2008). Thus, whatever was not “sold” to JPM would have been a part of the WaMu Bankruptcy Estate.
Azcowboy found and posted these links in boardpost.net
http://foreclosuredefensenationwide.com/?p=469
http://foreclosuredefensenationwide.com/?p=491\
http://foreclosuredefensenationwide.com/?p=475
Govinsider posted this one, also in boardpost.net, this is from today; 10/02/2014
http://foreclosuredefensenationwide.com/
These links PROVE that JPM did not get all the Mortgage Loans (as JPM stated)
DooR OpeN Balance Sheet
Hi Folks
Are we, after 6+ years, entitled to a precise/accurate (precisely valued at the precise moment/date) "DooR OpeN Balance Sheet of the receivership" by the FDIC?
What exactly (precise and detailed list) was seized from WMI parent company on 25/09/2008?
What was the value of all that was seized on 09/25/2008?
The way "this/what was seized"was handled,, including the P&AA, by JPM and/or FDIC comes afterwards... IMO
TIA
PS
I understand that to get the "Door Closed One" we should wait more and that doing the tracking of all those assets will certainly take "a while" but we have a good team here...
"...Considering these delinquencies, it is necessary and appropriate for the protection of investors
to revoke the registration of each class of Respondents’ registered securities..."
Classic disgruntled employee...
Yep,
I guess so,but appart from that....
First thanks to FS for the 50% (approx) of his posts (that despite of their hieroglyph structure have some meat in them).....but, If the intention is to obtain some kind of leverage (or reaction from the "bad boys") it has been tested for a long period of time....with no apparent result ; I believe that silence (or at least a new strategy) could bring better results, What seems to be his (FS's) target (and ultimately ours)
Is this the best place/mode to leverage (what one knows/has...)?
TIA
100% agree wowalters,
not, IANAL, just an investor, however I'll bring my "reasons"
a) My favorite palm reading psychic told me so, believe me, HE DID
b) SEC filings (that psyquic never fails, but consider this as well...) Do SEC filings tell us that....
b1) We have $5,97Billion in NOL? YES,THEY DO
b2) We have $8,37Billion in OL? YES,THEY DO
">
" />
http://investorshub.advfn.com/uimage/uploads/2014/9/4/hwvah5,96B_8,37B_View_Filing_Data.png
b3) We have KKR on board? YES,THEY DO
b4) We own WMMRC, cash, etc? YES,THEY DO
.that Ms. VC is actually ldk........could it be.......??????
Hi Olti
We both know that the aquisitio have happend and for puur IRS matters and time table is being pushed down the road as News and PRESS release from the BOD.
Hi Catz,
Once tabulated and provided to KCCLLC there were no further changes.
From johnnyiwantsome on BP
From: Edgar G. Sargent
Sent: Thursday, March 22, 2012 4:36 PM
To: barry
Subject: RE: Wamu
Here's information I just received from Alvarez showing conversion ratios:
142,500,000 (75% of 190,000,000) are distributed to holders of preferred securities as well as claims subordinated to the level of preferred. Total disputed claims at the preferred level are $106,514,585.09. For those claims, 2,109,051 shares are reserved. The remaining 140,390,949 are distributed evenly by liquidation preference across the $7.5 billion of preferred shares. However, while the TPS are denominated in 1,000s, the Series K has a face amount per share of $25.
For the TPS, 3,729,658.260 shares provided releases and will receive 73,849,406 shares or 19.80058 new shares per old share. This share count is after giving effect to the mandatory exchange.
For Series R, 2,906,421 shares provided releases and will receive 57,548,829 or 19.8005825 new shares per old share.
For Series K, 18,166,565 shares provided releases and will receive 8,992,714 shares or 0.4950146 new shares per old share.
For the common shareholders, they are receiving 47,500,000 shares of which 4,165,750 shares go to the Dime Warrant holders, 2,631,933 shares are reserved for disputed equity claims, 693,806 shares will be distributed to Principal Financial on account of their claims and existing common will get 40,008,511 shares. For each share of existing common granting releases in the total amount of 1,194,340,178 shares, they will receive 0.03349842 shares.
Because no fractional shares are being issued, the percentages for each holder may vary due to rounding. I'm not sure what you are using this information for, but that's an important point for holders.
Hope this gets you what you need. I'm out until tomorrow so if you have any follow up I will probably respond then.
Edgar
Catz, thanks for answering
I meant Class 19 (I forgot to mention it in my question, sorry)
I've read again all your voting advice (really great stuff and good to read it again, it saved me)
I understood that no changes in releases/votes in Class 19 could take place after the emergence from bankruptcy; paid special attention to everithing, but still have the doubt...
Was it possible for a class 19 holder to choose to NOT grant releases/Elect to out Put (being counted and registered as such, made it public by KCC) but then change his/her/its election about the releases afterwards (but before bankruptcy emergence) within the voting requirements?
{not that you didn't vote before Feb 9th and released after (but before the emergence)...not that you somehow "voted" accepting/rejecting the plan but chose to postpone your decision about the releases...;You voted before Feb 9th choosing to NOT grant Releases/electing to out put and changed your vote afterwards (but before emergence)}; was this within the voting requirements in your opinion?
TIA
Hi Catz,
Was it possible to vote but not to make the election about the releases, leave the releases "pending", within the voting requirements?
Was it possible to choose to not grant releases and change it to grant releases later within the voting requirements?
TIA
Sure Donotunderstand, makes much more sense
W3Research
I read your comment about those large escrow CUSIPs
Maybe from former REIT holders, but no idea...
I believe all the info about the releases and votes must be in KCC's web, be public
Not sure if they can tell us who holds CUSIPs, maybe confidential info, if you want to give it a try...
(Edgar G. Sargent <esargent@SusmanGodfrey.com>;
For inquiries about the newly issued Washington Mutual shares, please contact 1-866-436-2125)
Not much, but I hope it helps
Class 19, just preferred; they (many of them) granted releases afterwards according to Edgar's email.
I'm looking for those releases (which must have taken place after that chart/filing was posted on KCC but before March 7, 2012)
IMO
The equity Release election deadline was extended to March,7 2012 (but not beyond that date)
Still digging in those Class 19 releases looking for aditional info (that explains the differences between the Edgar Sargent Email release figures
From: Edgar G. Sargent
Sent: Thursday, March 22, 2012 4:36 PM
To: barry
Subject: RE: Wamu
Here's information I just received from Alvarez showing conversion ratios:
142,500,000 (75% of 190,000,000) are distributed to holders of preferred securities as well as claims subordinated to the level of preferred. Total disputed claims at the preferred level are $106,514,585.09. For those claims, 2,109,051 shares are reserved. The remaining 140,390,949 are distributed evenly by liquidation preference across the $7.5 billion of preferred shares. However, while the TPS are denominated in 1,000s, the Series K has a face amount per share of $25.
For the TPS, 3,729,658.260 shares provided releases and will receive 73,849,406 shares or 19.80058 new shares per old share. This share count is after giving effect to the mandatory exchange.
For Series R, 2,906,421 shares provided releases and will receive 57,548,829 or 19.8005825 new shares per old share.
For Series K, 18,166,565 shares provided releases and will receive 8,992,714 shares or 0.4950146 new shares per old share.
For the common shareholders, they are receiving 47,500,000 shares of which 4,165,750 shares go to the Dime Warrant holders, 2,631,933 shares are reserved for disputed equity claims, 693,806 shares will be distributed to Principal Financial on account of their claims and existing common will get 40,008,511 shares. For each share of existing common granting releases in the total amount of 1,194,340,178 shares, they will receive 0.03349842 shares.
Because no fractional shares are being issued, the percentages for each holder may vary due to rounding. I'm not sure what you are using this information for, but that's an important point for holders.
Hope this gets you what you need. I'm out until tomorrow so if you have any follow up I will probably respond then.
Edgar
Thanks for answering Investor123
the link is part of Exibit B (of the #9662 docket)
"35. Attached hereto as Exhibit B is a true and correct copy of a summary
report of the Release Elections received through February 9, 2012 for the Solicited Securities
Classes, as well as registered holders in Class 21 and Class 22. Holders of Equity Interests in
Classes 19 and 22 have until February 28, 2012 to submit Release Elections, and holders of
Dime Warrants in Class 21 have until February 29, 2012 to submit Release Elections. "
I'm digging on possible changes/adicional info of this releases election;
Edgar S. wrote his email regarding the results on March 22, 2012 4:36 PM, so the info he got must be before this moment (and submitted by class 19 electors before February, 29;2012)
IMO
TIA
Hi BBanbob, thanks for answering
the link is part of Exibit B (of the #9662 docket)
"35. Attached hereto as Exhibit B is a true and correct copy of a summary
report of the Release Elections received through February 9, 2012 for the Solicited Securities
Classes, as well as registered holders in Class 21 and Class 22. Holders of Equity Interests in
Classes 19 and 22 have until February 28, 2012 to submit Release Elections, and holders of
Dime Warrants in Class 21 have until February 29, 2012 to submit Release Elections. "
I'm digging on possible changes/adicional info of this releases election;
(Edgar wrote his email regarding the results on March 22, 2012 4:36 PM) so the info he got must be before this moment (and submitted by class 19 electors before February, 29;2012)IMO
TIA
How many (in $ and in your opinion) according to the link?
TIA
http://investorshub.advfn.com/uimage/uploads/2014/8/24/mxnlhPage291_of_389www.kccllc.net_documents_0812229_0812229120213000000000026.png
Then, are those in the link (Who did NOT grant releases) entitled to distribution?
TIA
Investor123
What is your opinion about those who did not grant releases with their vote ?
Are they entitled to any distribution/escrow shares IYO?
TIA
Thanks for your input Investor, appreciated
I believe there is not that $ amount
What about the changes in equity ownership during 2014?
There is one of 42,5% and another of 50% (those are the ones I mean..)
TC