Haven't read the full doc yet but from what I have it seems the OCC, tasked to oversee the duties of the now defunct OTS (Dodd-Frank Reform Bill) is attempting to create a uniform set of rules that will govern National Banks and the newly acquired Savings Associations (WAMU type institutions). These changes when effected (2015/07/01) will theoretically make it easier for organizations to be recognized as and fall under the supervision of the OCC as financial type institutions through additional avenues not available before.
This quote.... "The final rule revises and reorganizes
the definition of “business combination,” § 5.33(d)(2), in several ways. First, § 5.33(d)(2)(i) now
includes consolidations and mergers of Federal savings associations with state trust companies." is encouraging in that it provides an avenue for WMIHC to achieve this end and enhances the theory that financial assets of the former WMI estate could be returned and subsequently sold to WMIHC for the benefit of escrows/LTI's and WMIHC.
It is an extremely long document,(500+ pgs long) so I suggest being patient as more info is gleaned and shared by the board.
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