"The Trustee does not anticipate that distribution of the Received Funds will occur prior to the January 2018 distribution dates for the Trusts."
... Per Deutsche’s Bank Informational Notice, If one apply's the Process as prospectus revealed, a Residential Cert (Trust) distributes on the 25th of each month' ... the process used in RMBS Certs is reasonably the same, per numerous prospectus'
WMIH-Corp, does not have the "Corporate Structure" currently necessary and, currently established and in place to handle anything of any financial operational relevance' ... (or, has yet to be revealed)
WMIH-Corp as an IRS Consolidated Filer, as well as an SEC - FINANCE SERVICES Coded; 6199 ... needs designated subsidiaries to perform specified operational functions, ... now, with WMIIC "dissolved" that would leave WMIH-Corp', per the SEC Filings, all that is left is the parent and WMMRC in runoff' ...
... Per Deutsche’s Bank Informational Notice, If one apply's the Process as prospectus revealed, a Residential Cert (Trust) distributes on the 25th of each month' ... the process used in RMBS Certs is reasonably the same, per numerous prospectus'
"The Trustee does not anticipate that distribution of the Received Funds will occur prior to the January 2018 distribution dates for the Trusts."
... January 2018’ ... ? ...
”Informational Notice Regarding the Trusts Listed on Exhibits 1-A and 1-B (“Trusts”) Procedures for Distributions of Settlement Proceeds”.
As I stated back a number of years ago now, ... ~ JPMC Only Received The Serving Rights To The Massive WaMu Loan File ~ ... or updated, was ever only ABLE TO receive the Loan Servicing Rights' ...
That view' ?, among many other considerations, was met with extreme controversy' ... ? ... (one can always depend on the "propaganda machine" ... LOL')
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Maybe ?, WMIH-Corp DOESN'T ACTUALLY NEED ANY "Corporate Structure" to handle the process moving forward, now that the legal restraints (Globic') have all been lifted off of these numerous' "Trusts" ...
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Again, This defined process is direct out of the Filings'
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I. RECONCILIATIONS
A. Reconciliations shall be prepared on a monthly basis for all clearing accounts. These reconciliations shall:
1) Be mathematically accurate
2) Be prepared within forty-five (45) calendar days after each clearing account’s statement cutoff date
3) Be reviewed and approved by someone other than the person who prepared the reconciliation, and document explanations for reconciling items
B. Reconciling items shall be resolved within ninety (90) calendar days of their original identification.
II. SUBSERVICER REMITTANCES
A. Remittances for mortgage payments and payoffs received from subservicers shall be deposited into the applicable clearing account within one business day of receipt.
B. Remittances from subservicers shall be reconciled to applicable loan records maintained by Washington Mutual Mortgage Securities Corp. (“WMMSC”) during the appropriate accounting cycle.
C. Reconciliations shall be performed monthly for each subservicer remittance. These reconciliations shall:
1) Be mathematically accurate.
2) Be prepared within thirty (30) calendar days after the cutoff date.
III. DISBURSEMENTS
A. Disbursements to trustees, paying agents, and investors shall be made in accordance with the applicable pooling and servicing agreements and/or the prospectus indicating how cash flows are to be allocated.
B. Disbursements from the clearing accounts for amounts remitted to trustees, paying agents, and investors, per our monthly reports to those entities, shall agree with the bank statements for the clearing accounts.
C. Only permitted withdrawals shall be made from the clearing accounts.
D. Disbursements to trustees, paying agents, and investors from clearing accounts, made via wire transfer, shall be made only by authorized personnel.
IV. INVESTOR ACCOUNTING AND REPORTING
Statements to the trustees, paying agents, and investors shall be provided with each monthly distribution, in accordance with applicable pooling and servicing agreements, detailing the applicable distribution activity and effect on the unpaid principal balance of the mortgage loans.
V. MORTGAGOR LOAN ACCOUNTING
Loan records maintained by WMMSC shall agree with, or reconcile within material amounts to, the mortgage loan records maintained by the subservicer with respect to unpaid principal balance on a monthly basis.
VI. DELINQUENCIES
Reports from subservicers identifying delinquent loans shall be received and reviewed monthly. The number and aggregate principal balances of delinquent mortgage loans contained in these reports shall be included in our monthly statements to the trustees, paying agents, and investors.
VII. INSURANCE POLICIES
A fidelity bond and an errors and omissions policy shall be in effect on the servicing entity throughout the reporting period in the amount of coverage represented in management’s assertion.
