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Alias Born | 10/26/2008 |
Saturday, March 14, 2020 4:24:23 PM
1) Remember, JPM ONLY received the Servicing Rights from WaMu mortgages
2) I will not divulge the researcher’s information but the BoardPost Poster has identified 500 plus mortgages moving from JPM to COOP between the end of December 2019 and the end of January 2020
3) On 12/20 Judge Walrath signed for the WaMu bankruptcy cases to be closed then this was filed on 12/22/2019 with official court TERMINATION of the WaMu bankruptcy cases on 1/23/2020
4) So, it is very possible this is moving forward right before our eyes. So, how would a legal team of SG find a closure date many years in advance? A date for closure would have been impossible for them to know BUT they would know years in advance a TRIGGER EVENT would have to happen and this in my view was the BK TERMINATION on 1/23/2020
5) For the settlement (dropping 5AT) to happen it could have easily been written like this – the ending quarter following the official court termination of the WaMu BK cases then monies move on the very next scheduled distribution date
6) On 1/23/2020, the WaMu BK cases terminated, then March 31, 2020, is the end of the following quarter, so in my view, we may see a distribution or hear about a distribution by the end of April 2020 based of the foregoing facts. Remember, All other certificate holders/investors have been receiving their portion of the investment returns while WMI INC or WaMu has been on Administrative Hold from 9/26/2008 until the official court termination on 1/23/2020
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