~ I Took A Look At Some Rough Numbers ~
and, I thought that I would share them with the group' ... I took a look at the submission of information as of 03/31/2017 by, "Duff & Phelps" as submitted on 04/26/2017' regarding - ONLY - the listed WaMu Trusts' associated with DB' ... (I did not consider any of the LEHM listings) ...
ALSO, ... as I have mentioned' ... according to the entire list of Residential (RMBS) WaMu Related Pooling & Servicing Agreements, ... There are easily FIVE times this amount of total WaMu Related Trusts, ... NOT considering any, Commercial Lines, Private Offerings, Term Sheet Participations, etc. etc. ... Yes, WaMu was Massive' ...
So Again, As reported by "Duff & Phelps" as of 03/31/207 ... on 04/26/2017'
The Original Collateral Balance of the Deutsche Bank (only) Trusts was' roughly;
$84,000,000,000.00
The Current Collateral Balance of the Deutsche Bank (only) Trusts is'
roughly;
$7,500,500,000.00
With A TO DATE TOTAL LOSS (as of 03/31/2017 & to be updated accordingly) of'
roughly;
$16,700,000,000.00
Meaning that, ... Roughly' $60,000,000,000.00 of the WaMu Related to DB Trusts (only) have had their original - "BASE VALUES" - paid back by either a, re-finance or, a paid off loan, or the sale of the property' ...
Remember, ... A Trusts - "BASE VALUE" - is the actual cash financial support for the packaged debt' ... so, the - "BASE VALUE" - of a Trust, eventually gets returned to the Supporting Trust' or also as referred to as an ABS-Certificate'
...
So, quite some big numbers in my opinion' ... especially when I consider that the Deutsche Bank Certs as revealed, are only a percentage of the entire WaMu pool' ...
AZ
