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Post# of 749756
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Sculan

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Sculan

Re: BBANBOB post# 685291

Wednesday, 04/13/2022 6:54:59 AM

Wednesday, April 13, 2022 6:54:59 AM

Post# of 749756
WAMU was not able to sell something (the loans) which WMB originated. So WMB is considered the "securitizer", they retained a minimum and that was lost with the seizure. That's even clearly stated in some JPM K's you can find on edgar...
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