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Sunday, February 25, 2018 3:31:12 PM
According to Globic, almost 600M will be distributed within days. So will we be part of this settlement?
My answer is based on the facts in this post, AND my view is yes, indeed, those who have Escrow ShareMarkers in their accounts SHOULD be inclusive.
BUT as always, ONLY the actual act of distribution into my account will prove validity or not at this time!
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WaMu Asset Acceptance Corp-ABS-15Gs-Exhibit Z-WMI's Monies NOT WMB
Facts of 65 Billion - Exhibit Z (below) talk about monies that I believe go to Escrow ShareMarkers - Now owners of former WaMu Estate
It was and is said that that the following never happened and JPM received everything - Funny how real, factual and unaltered filings show the proof.
Here let us take a look...
here we go...ready or not...WARNING this can be terribly challenging to some
WaMu Asset Acceptance Corp., as Securitizer, is filing this Form ABS-15G in respect of all mortgage-backed securities representing interests in pools of residential mortgage loans for which it acted as depositor and which are outstanding during the reporting period. On September 25, 2008, JPMorgan Chase Bank, National Association (“JPMCB”) acquired the banking operations of Washington Mutual Bank from the Federal Deposit Insurance Corporation (“FDIC”). It is JPMCB’s position that certain of the repurchase obligations of Washington Mutual Bank remain with the FDIC receivership. Assets are reported herein in accordance with Rule 15Ga-1 regardless of the validity of the demand or defenses thereto, and nothing in this report shall constitute, or be deemed, a waiver of any rights, defenses, powers or privileges of any party relating to these assets.
http://whalewisdom.com/filer/wamu-asset-acceptance-corp
See FOOT NOTE ONE - Following Link
http://www.sec.gov/Archives/edgar/data/1317069/000092963815000128/wamu-67348_abs15g.htm
http://www.sec.gov/Archives/edgar/data/933136/000090951810000371/settlement_agr.htm
Exhibit Z
Loan Servicing. From and after the Effective Date, JPMC shall (a) cause such of its Affiliates to continue to service the loans identified on Exhibit “Z” hereto (the “Loans”) pursuant to the servicing agreements identified on Exhibit “AA” hereto (the “Servicing Agreements”), cause such of its Affiliates to remit to WMI all checks and/or payments received in connection with those loans in its possession and (c) promptly remit to WMI all servicing advances that JPMC is holding with respect to such loans and provide WMI an accounting with respect to each of the foregoing. Notwithstanding the foregoing, any dispute that may arise relating to the servicing of such loans during the period from and after the Effective Date shall be brought pursuant to such servicing agreements and this Agreement is not intended to create any additional rights, obligations or remedies. The Parties acknowledge and agree that (y) the Loans are the only loans that are or will be, from and after the Effective Date, serviced by the JPMC Entities (or their Affiliates) for the WMI Entities (or their Affiliates or their successors in interest) and that the Service Agreements are the only servicing agreements between the JPMC Entities (or their Affiliates) and the WMI Entities (or their Affiliates) and (z) with the exception of the obligations set forth in this Section 2.19, the JPMC Entities (and their Affiliates) shall have no further obligations or liability to any of the WMI Entities (or their Affiliates) with respect to or in any way related to the servicing of any loans for the WMI Entities (or their Affiliates).
Notice that it says WMI and NOT WMB?
Have I told you lately how much more, more and more I love my Escrow ShareMarkers that continues to grow immensely every single day forward?
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