~ ItsMyOption, ... No the DB Trusts are Cash Producing Machines ~
and don't forget, ... Deutsche Bank, only made allegations of poor performance, the poor performance aspects of the case were never actually proven, ... as we all now know, ... this went to "Settlement" ...
however now that WMI II's Settlement is being realized ? ... the accumulation of the Cert produced monthly returns will need to be distributed to all of the ... "Beneficial Owners" ... there are hundreds of Trusts, well beyond the 99 DB RMBS Trusts ...
anyway, ... How about a bit of WMIH-Corp fun though, ... (after a long time, ? AZ is in quite a good WaMu mood, this afternoon) ...
what is possible for the newco' ... ? ... well, ... here are some originally issued WMI' (Parent Corp) ... issued, REIT Trusts' ... that report that they continue to operate as subsidiaries of WMI Holdings Corp' ... hhhhmmmmm ? ... interesting, Right ? ... (yeppers, ... these are the original WMI issued, TPS Trusts') ... I find them intriguing' ...
remember, these are monthly cash return producing, distributing home equity loans, originally packaged out of a sub of WMB, ... University Street' ...
Washington Mutual Preferred (Cayman) I
Originally issued in March of 2006, base valued at ... $750,000,000.00 totaled' ...
Washington Mutual Preferred Funding Trust I, operates as a subsidiary of WMI Holdings Corp.
and Also Issued in March of 2006, base valued at ... $1,250,000,000.00 totaled' ...
Washington Mutual Preferred Funding Trust II, operates as a subsidiary of WMI Holdings Corp.
So, the process continues and Trust II is formed; with a $1,000,000,000.00 Base valued offering
Washington Mutual Preferred Funding Trust III, operates as a subsidiary of WMI Holdings Corp.
And, the process continues and Trust III is formed; with a $1,000,000,000.00 Base valued offering
Washington Mutual Preferred Funding Trust IV, operates as a subsidiary of WMI Holdings Corp.
So then in October of 2007; ... this last one, - IV -, issued $1,000,000,000.00 ... dollars worth' ... (Washington Mutual Preferred Funding Trust IV, a Delaware statutory trust (“WaMu Delaware IV”), closed the sale of $1,000,000,000 of its Fixed-to-Floating Rate Perpetual Non-cumulative Trust Securities,)
anyhew, I'm sure you guys get the picture' ...
So, These WMI ISSUED Trusts, are roughly five Trusts, base valued, at roughly $5 Billion Dollars Total' ... consisting of home equity loans, packaged' between March of 2006 and October of 2007' ... ALL ARE; OPERATING as Sub's of WMI Holdings Corp' ... (the now, WMIH-Corp) ...
and, considering that these were home equity loans, ... now, after some ten years, probably mostly refinanced into a new loan ?, or paid off' ... etc, etc' ... but the Cash supporting the base values' ... would not have disappeared ...
GO WMIH-Corp' ... the releases you needed ? ... are completed'
AZ
