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Re: None

Sunday, 08/21/2016 2:53:04 PM

Sunday, August 21, 2016 2:53:04 PM

Post# of 730760
Nothing has changed except

The suits between the FDIC, JPM and DB relating to JPM potential liabilities for loan repurchases associated with MBS issued by WAMU have been settled in consideration of a payment of 645 million from the receiver to JPM. That reduces the FDIC-R assets to a little over 2 billion, all subject to remaining claims against the Estate, including the DB claims, which alone exceed the remaining assets. Nothing in this for our Escrow accounts, but we are closer to the end of escrow speculation theories, as it all continues to play out just as agreed, and disclosed, without a single Legal challenge by any party in interest, large or small.
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