Saturday, March 02, 2019 1:52:06 PM
WMI sued the FDIC in D.C. for ~$305B.
The FDIC has stated; $299B for "WMB and it's assets". Tranche 5 deals with WMB issues.
Exhibit H; Tranche 5 = 510(b). 510(b) is an Over-Funded Claim. 510(b)is the Pay-point for "WMB and it's assets".
Class 18 Employee Claimants are all being removed from the WMI/WMIIC Bankruptcy. We paid them everything that will, or can receive from us.
Premature MARTA; MARTA has not been harmed yet because they are waiting for release of Safe harbored ABS Trusts just like us. WAAC and WMMSC are affiliates of the Debtor. MARTA was only able to file against us because we still have The Title to "WMB and it's assets". We only abandoned the 'Equity Interests', the right and title, not The Title!.
When we experience CIC/510(b) and release The Title to FDIC/JPM, then MARTA will NOT have the right/standing to re-file against us. MARTA can file against JPM. "The Final Payment" to WMI for "WMB and it's assets" by FDIC from JPM completes the GSA.
All of our Tranche 4 and Tranche 5 obligations are done/completed/finished. Therefore, the only thing left in Tranche 5 is 510(b).
Mr. Cooper should have a very busy week.
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