Friday, October 04, 2019 10:02:42 AM
Thank You, ... This is very detailed and quite tedious work, ...
AZ's Reverse Engineering The Numbers # 1
... WMI's Class Specific Trustee' payments to be made, ... "Until The Cases Are Closed" ...
Once I was able to gather up a Copy of the Original Court Order, allowing for the Trustee payments, ... again, I can not emphasize this enough, ... "Until The Cases Were Closed" ... Step one was to get an average Trustee fee', the following is what I am using, ... 0.479% ... or, ... 0.565%. ... or basically 1/2 of a percent' ...
I randomly chose a WMI aligned Performing ABS-Cert, an SEC # 6189
"In particular, each month or year, as applicable, the master servicer will be obligated to pay from the master servicing fee the fees of the trustee and certain other fees and expenses of the Trust, as prescribed by the pooling agreement.
The servicing fee will be calculated as a per annum percentage for each mortgage loan. The servicing fee with respect to each group I loan will range from 0.250% to 0.950%, with a weighted average of approximately 0.479%. The servicing fee with respect to each group II loan will range from 0.250% to 0.950%, with a weighted average of approximately 0.565%. Any prepayment penalty on a mortgage loan will be paid as additional servicing compensation to the related servicer."
Also, ... The Court Order is class specific and is specific to WMI' and its BK proceeding, ... and IN MY OPINION, ... is not a refernce to ALL of the ... Trusts' ... I have personally found well over 300 pooling and servicing agreements, ... but that's another conversation' ...
AZ
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