~ Yes, Everyone's Going To Be Just Fine' ~
... This ? ... of course is a product of my own due diligence, and conclusions, now reached, after years of scouring, sequencing, and studying the entire WaMu complex legal process' ...
Washington Mutual Mortgage Securities Corporation (WMMSC), WAS NOT' -
SOLD - to JPMC as many were originally lead to believe', ... (JPMC only received the rights to service')
WMMSC, as the "Master Servicer" was a subsidiary of WMI (the parent corp), ... and, in being a subsidiary of Washington Mutual Inc., (WMI), ... WMMSC' was NOT ABLE TO BE SOLD, to JPMC', ...
JPMC, was given the direction to continue the servicing of the massive WaMu' loan file', ... which entailed the management of the WMMSC SC. Location (JPMC moved the SC. Units' Location to Vernon Hills, IL) ... but that's all ...
The Vernon Hills, IL. Location, was originally one of the TWO' Locations, that T. Lehmann originally utilized to actually package WaMu's ABS-Certs into "Performing Trusts" for Washington Mutual Inc. ...
Again, JPMC merely moved WMMSC's operational location from South Carolina to Illinois' ... as the loan servicing operations needed to continue'
The Long Beach Unit, and WaMu Asset Acceptance Corp (WAAC), had already been moved to WMMSC as the Master Servicer' ...
Here's The Good News, as a result of my own conclusions' ...
Now that the "Globic Settlement" has been completed prior to 2017's year end, ... a few things begin to make sense, ...
WMIH-Corp, as the reorganized WMI' Parent Corp., is currently in a position to resume the operations of WMMSC (Washington Mutual Mortgage Securities Corporation), which is STILL Operating and is located in Illinois)
The RBS Greenwich original "underwriting" relationship's make the addition of W Gallagher begin to also make sense'
According to the current SEC Filings, ... The WAAC and the WMMSC units, are servicing roughly $73 Billion Dollars in Gross Loans', combined' ... the Long Beach Packaged Trusts are Not Listed in these Current SEC Filed Numbers' ...
... This also makes the "Dissolving" of the WaMu 1031 Exchange(s), (I believe there are TWO') ... and the "Dissolving" of WMI Investment Corp. make total sense' ...
Neither Class 17 or Class 18, are the forward moving responsibility of the Debtors' (WMB Notes', Class 17 is JPMC's Responsibility. and Class 18 has a WMI-LT managed DCR)
AZ
AI
