One big reason for all this delay is JPM has been collecting fees as they have managed or possible mismanaged some of the ABS as stated in the valuation reports below. The value in this ABS has declined as most have been paid off & JPM has collected fees. Interest payment was most likely held in Safe Harbor - paid to WMIH and held as retained earning.
Washington Mutual Mortgage Securities Corp. value report
$ 58,196,758,061 http://www.secinfo.com/dsbR9.kqd.d.htm dated 9/17/2017
$ 1,272,591,353 SEC Info - Washington Mutual Mortgage Securities Corp - ‘ABS-15G’ for 9/30/20
Washington Mutual Mortgage Securities Corp., as Securitizer, is filing this Form ABS-15G in respect of all mortgage-backed securities representing interests in pools of residential mortgage loans for which it acted as depositor and which are outstanding during the reporting period. On September 25, 2008, JPMorgan Chase Bank, National Association ("JPMCB") acquired the banking operations of Washington Mutual Bank from the Federal Deposit Insurance Corporation ("FDIC"). It is JPMCB's position that certain of the repurchase obligations of Washington Mutual Bank remain with the FDIC receivership. Assets are reported herein in accordance with Rule 15Ga-1 regardless of the validity of the demand or defenses thereto, and nothing in this report shall constitute, or be deemed, a waiver of any rights, defenses, powers or privileges of any party relating to these assets.
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