~ 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 ...
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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 [ ]"
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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
