The more I think about all this and speak to some of the Forces that be I would not be suprised if WMIH is in regular communication with the FDIC and possibly gaining some favor or "gaming of the system cover " to help the Pukes cover their Major F-up ! What the Fdic-R did in the seizure was create one of the biggest messes the U.S. mortgage System has ever seen.
It is my contention that the Billions of Dollars of RMB'S as well as many other financial vehicles will be found to be, Yes property of WMI,
The way the Escrows will receive payment as WMIH will buy the whole friggin bunch of these trust, securities, and assets (the ones that are truly are WMI's, they (wmih/NSC) will by these for dimes on the dollar from the true owners of these assets....Escrows.
If you think about what Nations Star does with all it's employees currently is service and buy mortgages. It also buys mortgage pools that are distressed sort them out and process and service them.
SO if you think about the current situation with JPMC the FDIC then it is certainly plausible that the FDIC is up to its AZZ in problems associated with the seizure of WMB and all the mortgage trusts, Rmbs, etc.
So Jpmc is telling them...the (fdic ) F/u you, sold us the bank and just because you f/up does not mean we are not going to keep foreclosing and taking that which was transferred as we see it.
The Fdic-r is having massive problems with all unwinding issues then think about whom you would want to handle the Rights of title of a Wamu Loan ...Think hard ...Ahh I thought you would arrive there!
So they give back to WMI what was rightfully theirs, get this crap out of their hair, Make the newco WMIH the rightful owner after buying out the debit owed to WMI via Escrow shares. WMIH/NSC and now get billions upon billions of mortgages with legal RIGHT to TITLE as the old co WMI has been effectively paid. The new Co WMIH,NSC get Billions and Billions of mortgages and some associated assets for 30 40 cents on the dollar and the legal Morass for everyone one has been involved with goes poof!
As we all know there is some major title issues with the loans JPMC has being saying are theirs ,however are not. Look at all the recent litigation.
I see this as extremely PLAUSIBLE.
Regards,
B
