This is my Last Hurrah and my last stab as to what is going on in this mess we are talking about a "pure interest Play" or Bam of the major model to distribute our inter for the value of our the value of our MBSs.
Bn/Bam "The Arrangement" completed By end of year. Still think we might get a cash payment from the interest for ten years, but maybe will come in a different way or in the new year when they put Humpy Dumpty together again with wmi/COOP/Nationstar etc. . Theses are the interested parties but not all inclusive
Company payment date
Apo 12/2/22 12/30/22 KKR 11/13/23 tpg 1/25/23 bam/bn 3/31/23 bx 1/13/23 bamr 12/30/22 bxmx 1/13/23 Court/FDIC 1/5/23 1/12/23 Not all inclusive
I believe IMO they believe they would fund this business set up by the end of the year, they will set and start earning accounts in the DTCC to our brokers for the next payment date. I do think our first payment in the first Quarter will be 273.2% (KKR)(more than (2.5 X)
Still hoping for the interest paid for the 10 years to be paid by the EOY
Welcome to the "pure interest Play"
Where the WMI MBSs are located : (example TPG) will go to DTCC to Brokerage to Legacy SH of Washington Mutual
The arrangement will have many conditions to participate or not Believe by 45 days to decide.