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SO, WHEN WILL ESTATE ASSETS GET RELEASED?

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ItsMyOption   Wednesday, 10/27/21 03:48:55 PM
Re: None
Post # of 676348 
SO, WHEN WILL ESTATE ASSETS GET RELEASED?

Based on recent emails from FDIC I do not expect any big payment coming from FDIC and Aaron Moore their legal counsel made it clear:

“FDIC as Receiver for WaMu has no control over the holding company liquidation and FDIC never had control of exclusive holding company assets. To that end, the answer to your question about release of holding company assets depending on receivership termination is no. The FDIC’s termination of the receivership should not impact the liquidation of the holding company in that way.”
“Let me re-iterate that the receivership and the liquidation trust are separate legal entities, have different roles and responsibilities, and do not coordinate on each other’s missions. Therefore, the resolution of the receivership should not impact the distribution of holding company assets held by the liquidation trust”


It is my opinion that Chad Smith, Doreen, Bill Kosturos, and COOP BOD’s are all sitting on varies send buttons. I feel most assets are sitting at DTC waiting for distribution.

I do feel at minimum the biggest distribution will come from Retained earnings or collect interest and that must be distributed before end of year. So, it will be a happy year for many.

Chad Smith is deeply involved in managing other assets most likely for benefit of COOP or the true parent WMIH-Corp – Just a few under management:

AS PER GSA “WMI Entities” shall mean WMI, WMIIC, Ahmanson Obligation
Company, H.S. Loan Corporation, Marion Insurance Company, WAMU 1031 Exchange, WM Mortgage Reinsurance Company, Inc., WM Citation Holdings, LLC, Washington Mutual Finance Group, LLC, Soundbay Leasing LLC, WMGW Delaware Holdings LLC, WMI Rainier LLC and Washington Mutual Capital Trust.


WMIIC and WM Mortgage Reinsurance Company, Inc. were to go to reorganized WMI.

https://www.fdic.gov/resources/resolutions/bank-failures/failed-bank-list/wamu-global-settlement-agreement.pdf

WASHINGTON MUTUAL FINANCE GROUP, LLC
https://opencorporates.com/companies/us_de/3210870

Soundbay Leasing LLC
https://opencorporates.com/companies/us_de/3310143

WMGW DELAWARE HOLDINGS LLC
https://opencorporates.com/companies/us_de/3048665

WAMU 1031 EXCHANGE
https://opencorporates.com/companies/us_ca/C0855386
Addition of Bill Kosturos in 2021

WMI Rainier LLC
https://opencorporates.com/companies/us_wa/602606678
Governor is WAMU 1031 EXCHANGE

Washington Mutual Capital Trust
https://opencorporates.com/companies/us_de/3383458

NOTE: Could payment come from other sources such as Litigation that has been finalized but payments or distribution not made yet, or managed assets – YES but that may go to COOP and Estate holders could get shares for Value. I do feel when this is all completed we will find most of what AZCOWBOY stated is correct and I for one very much learned a lot from him - thanks AZ.

ALL IMO



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