Well, it seems like DL was able to solve that issue quite simple by stating what many here were suspecting ... in contrast to your assumptions.
Contrary to assertions by various parties on message boards and other media platforms, Washington Mutual, Inc. did not have any role in connection with securitization transactions consummated by Washington Mutual Bank and its affiliates. Specifically, Washington Mutual, Inc. did not sponsor, guarantee or otherwise participate in such securitization transactions. Relatedly, Washington Mutual, Inc. did not hold any certificates issued in connection with such transactions, including any “R” or “residual” certificates issued in connection with such transactions. Finally, it also has been suggested that the Trust’s former liquidating trustee, William C. Kosturos, served and/or is currently serving as the trustee of one or more special purpose entities or statutory trusts that were used to consummate one or more securitization transactions. That suggestion also is inaccurate: Mr. Kosturos has never had any role in, or served as a trustee for, any securitization transactions sponsored by Washington Mutual Bank and its affiliates.
There is nothing to return from any "miracle" trusts to WMI, WMIH, WMILT or any other entity, because any potential returns of those trusts are going to WMB and now obviously to the new owner of WMB - which is not the WMILT nor COOP. WMB packed all of the loans, sold them (securitized them) and WAMU Inc was not part of that.
You don't need any attorney to explain that...
That is "my" opinion which is backed up DL, who has been working in the trust for years.
And now AZ, after 10 years, please point to the exact line in the DS and POR 7 where it states clearly, that DL is wrong!
Obviously, as per DL, WMB has been doing all the "trust business" as the bank arm of WAMU Inc. So any title was pointed to WMB and seized together with it - story over.
The interesting question now remains: Why did our EC settle for basically nothing and gave up the 5th amendment taking?
