The calculation is correct IMO but my question is...
In addition, from 2005 to 2008, Washington Mutual made certain loan level representations and warranties in connection with approximately $165 billion of residential mortgage loans that were originally sold or deposited into private-label securitizations by Washington Mutual. Of the $165 billion, approximately $78 billion has been repaid. In addition, approximately $49 billion of the principal amount of such loans has liquidated with an average loss severity of 59%. Accordingly, the remaining outstanding principal balance of these loans as of December 31, 2014, was approximately $38 billion, of which $8 billion was 60 days or more past due. The Firm believes that any repurchase obligations related to these loans remain with the FDIC receivership.
Are theses $165 billion residential mortgage loans the SFRs (single family residential) loans mentioned in Exhibit Z of the GSA?
(Search for "LOANS SERVICED BY JPMORGAN" to find it)
Or more specific, could these (I counted 270 SFR loans) sum up to these $165 billion because they are not "single" mortgages, but each of them is a kind of "mortgage pool"?
How could we find out more about these SFRs in Exhibit "Z"???