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Sunday, February 25, 2018 6:01:43 PM
...Tranche 5 WMB Bonds are the responsibility of JPM and their releases are deemed automatic upon distribution per POR 7...So the bonds (tranche 5) are handled similar to Piers (tranche 4) which are owed 49 million that can only come from income tax refunds and WMMRC runoff proceeds and JPM receives their releases from the bonds which are deemed automatic upon distribution
...Employee claims also have been negotiated with set-off proceeds to pay them should it be allowed by the powers-that-be or not and if not there will be more to distribute to markers
...So for all intensive purposes, we should be ready for tranche six, which is equity since all Creditors have either been paid or handled accordingly and if a distribution hits our accounts then you know we are in tranche 6
...The reason I feel we are ready is because the WaMu 1031 Exchange was dissolved on 12/8/2017, DSTs or Delaware Statutory Trusts set up in Delaware in Dec/2017, WMIIC was dissolved in mid Jan/2018. And of course, WMIH has now announced a merger which in my view would have never happened if the powers-that-be still had a hold on assets which have prevented WMIH from moving forward.
The thought of WMIH not being able to find a QA since 3/19/2012 (The Effective Date) is preposterous and is akin to believing in Santa Clause and/or the Easter Bunny...my believe is assets now released per the FDIC and/or other powers-that-be
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645 Million
Page 23
EARNINGS RELEASE FINANCIAL SUPPLEMENT
THIRD QUARTER 2017
(a) Included revenue related to a legal settlement of $645 million for both the three months ended June 30, 2017 and the nine months ended September 30, 2017.
(b) Included tax-equivalent adjustments, predominantly due to tax-exempt income from municipal bond investments of $216 million, $237 million, $228 million, $222 million, and $218 million for the three months ended September 30, 2017, June 30, 2017, March 31, 2017, December 31, 2016, and September 30, 2016, respectively and $681 million and $663 million for the nine months ended September 30, 2017 and 2016, respectively.
(c) Included legal expense/(benefit) of $(148) million, $16 million, $(228) million, $165 million and $(85) million for the three months ended September 30, 2017, June 30, 2017, March 31, 2017, December 31, 2016, and September 30, 2016, respectively, and $(360) million and $(550) million for the nine months ended September 30, 2017 and 2016, respectively.
(d) Average core loans were $1.7 billion, $1.6 billion, $1.6 billion, $1.7 billion, and $1.8 billion for the three months ended September 30, 2017, June 30, 2017, March 31, 2017, December 31, 2016, and September 30, 2016, respectively, and $1.6 billion and $1.9 billion for the nine months ended September 30, 2017 and 2016, respectively
https://www.sec.gov/Archives/edgar/data/19617/000001961717000545/a3q17erfexhibit992suppleme.htm
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