~ K-1, The ABS-Cert “Trusts” DO NOT Have “Any” Direct Connection To Your “Tracking Markers / ESC Cusips, or what you refer to as “escrows” ~
... It is the investment that you chose to participate in, that has these direct connections ... in this case, Washington Mutual Inc., which filed for Chapter 11’, Reorganized, and is now WMIH-Corp, SEC registered under a subsidiary and trading
as symbol “COOP” ...
... (the)*Mr Cooper Group, is the subsidiary, and should be in receipt of the servicing fees as shown in my example multiplied by the remains of the associated performing Trusts ... now that the Parent Corps Bankruptcy’s have been completed, the actual segregated participation numbers, as well as interest earnings, as stated in Plan 7’s Disclosure Statement, should be returning also ...
... people have been thinking ? that they owned what WMI, now WMIH-Corp, owned ... they did not’, and I’ve been stating this for years and years ... participants in WMI’s financial products were class specific and literally a choice’ ... common shares owned the company, preferred shares are interest earners’ basically a debt offered fixed income bond ...
If ? you hold WMI equity class released common share Tracking Markers / ESC Cusips, ... you continue to maintain your ownership participation of the original WMI parent corp., now reorganized into WMIH-Corp ... If ? you hold a WMI equity class preferred P or K debt offering, your Tracking Marker / ESC Cusips are directly related to their production ...
~ K-1, Because The ("COOP"), Washington Mutual Related ABS-Cert "Trust" Distributions, Each Month, Is Verifiable Information That The Segregated TRUSTS' Exist and Are Functional ~
... I Track These Trusts, for myself' and for my own financial information, ... However, I state / post, their monthly distributions in an effort to help others' understand just exactly what WMI, now reorganized into "WMIH-Corp", trading as symbol "COOP" Owned, and what a purchaser of WMI's products offered owned' ... either debt issued or a common share' of the original parent corp., consisted of ...
I chose one this morning of over 150 ABS-Cert Trusts that I Track monthly' to show you the process, as the Trusts have been diminishing on a monthly basis' ... I'll try to keep this as simple as possible'
1st; here is the revealed information for the Trust I Chose randomly
Issue Date: 01/29/2003
Record Date: 02/28/2020
Distribution Date: 03/25/2020
2nd; This Trust Originally Package 5 groups of 30 year fixed rate mortgages
Group 1 30YR JB A, NON-ALTA 2016
Group 2 30YR JB A, NON-ALTA 2017
Group 3 30YR JB A, NON-ALTA 2018
Group 4 30YR JB A, NON-ALTA 2019
Group 5 30YR JB A, NON-ALT
3rd; Now Here is the result of the Trusts activity having been being diminished over the years, by paids off loans, refinanced loans, forclosures, etc. ...
Original Loan Count 2,201
Beginning Loan Count 20
Loans Added 0
Loans Paid-in-full 0
Loans Prepaid-in-full 0
Loans Liquidated-in-full 0
Loans Repurchased 0
Ending Loan Count 20
Original Scheduled Principal Balance $999,488,420.01
Beginning Scheduled Principal Balance $5,285,784.66
Scheduled Principal Received or Advanced $18,307.73
Unscheduled Principal $2,557.35
Principal Losses $0.00
Forborne Principal Recognized as Loss $0.00
Ending Scheduled Principal Balance $5,264,919.58
Accrued Interest at Gross Rate $22,164.05
Unscheduled Interest $0.00
Uncollected Interest $0.00
Uncompensated Interest Shortfall $13.15
Other Interest Shortfall $0.00
Servicing Fees $1,181.10
Other Fees $0.00
ADDITIONAL FUNDS / (EXPENSES)
Excess Liquidation Proceeds $0.00
Subsequent Recoveries $0.00
Prepayment Penalties $0.00
Interest Portion of Realized Loss $0.00
Advances Recovered $0.00
Trustee Legal Expense $0.00
Other Fees / (Expenses) $206.98
So, you can see why I do not believe all of the sloppy and poorly researched pie in the sky numbers, and / or material that simply is not accurate' ... the longer this process has gone on, the lower the amounts of loans remain within the functioning ABS-Cert WaMu Related Trusts'
~ Know What You Own ~