EXDIMER, 100% CORRECT...the "repurchase liability" as...
...the source of the entire matter in the Deutsche Bank (Mortgage-Backed Securities Trusts they administer) versus the FDIC and JPM.
...as to 'who had that liability (IN certain loans from loans pools in such WaMu and subsidiary securitied trusts) TO REPURCHASE between $6B-$10B under there terms and conditions of the "servicing agreements."
...JPM disclose the entire $165, all reductions and payments, the residual and % performing; then noted $-0- PROVISION FOR REPURCHASE OBLIGATIONS from such.
...JPM, in narrative in the annual report summarizes the exact in detail
...Collyer's DC court gave most of the liability to the FDIC "receivership." JPM retained little.
...the FDIC "receivership" will now have to deal with the balance of the litigation which, now that "who is responsible for the repurchase obligation" is court orderede, the "what amount" is next.
...the FDIC, the "agency," is not responsible for anything (i.e., $-0-) above what is available for assets "in the receivership."
...that is why Paulson's funds bailed in 2013 as the WMB bonds may well be subordinated to the "repurchase obligations."
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