Rocket Companies Inc (RKT)

[boarddork]

a little more Friday fun...

"The "accumulated income" you are seeking is currently subject to the following conditions as of February 2026:

The "Waterfall" Delay: In a mortgage trust, cash is paid to "Senior" holders first. Residual income (your interest) is only paid once the Overcollateralization (OC) target is met. If the trust has a high delinquency rate, the $1.32% annual expense you cited continues to be deducted from the trust's earnings, but no cash is released to the "Units" until the seniors are 100% satisfied.

The Clean-up Call: As mentioned in the February 11, 2026, SEC filing by Washington Mutual Mortgage Securities Corp, these trusts are nearing their "end of life." A clean-up call typically occurs when the remaining mortgages fall below 10% of the original balance. This is the moment the "accumulated" cash is finally unfrozen and paid to the residual unit holders.

3. How to Get Your Payment
Since these assets are bankruptcy-remote and managed outside the WMI Chapter 11 court:

Contact Allspring Directly: Call the Allspring Global Investments Shareholder Services line. Do not ask about "Washington Mutual stock"; ask about the "Residual Interest Payment Status" for the CUSIP you hold, citing the $19.06 per unit proceeds.

Request a "Section 19(a) Notice": If the fund has accumulated income but isn't paying it out, they are required to disclose why in a Section 19(a) notice. This will tell you if the money is being held in a legal reserve for the repurchase claims mentioned in the February SEC filing.

Check the "Estimated Final Distribution Date": Ask for the "Maturity Date" or "Anticipated Liquidation Date" of the specific series. For many 2005–2007 vintage trusts, these dates are projected for late 2026 or early 2027.

Proactive Follow-up: Does your paperwork mention a specific "Year" or "Series Number" (e.g., Series 2006-1 or Year 2007)? This would allow for an exact lookup of the Clean-up Call trigger percentage in the latest SEC 10-D filing."



And i will "proactively follow up" lol