Thank you ItsmyOption for taking the time to get this information.
Quote:
AZ & ALL others: A response from some question from IR at NSM. I tried my best to write down per phone conversation what he stated as some responses was complex. Some answers may clear up confusion and some will add more confusion.
IMO, and based on phone conversation: Currently, WMIH/NSM has NO ESTATE ASSETS ARE SITTING AT WMIH/NSM BEING SERVICED OR MANAGED. There will be NO share 4 value exchange as they have received no value of any Estate assets. Any Estate Assets should be considered still under Trustee management, or FDIC. This does not mean that the LT or FDIC or a Trustee may not ask WMIH/NSM to service assets in future but right now they see nothing.
1. what initial qualifications' did an ABS Cert require to actually be listed on the NSM ABS Investor Tab' ... now viewable on the new and improved, WMIH-Corp Corporate site' ...
IR answer:
Only certs that NSM has serviced pre merge are showing on web site, and no pre-merge or WMI estate assets or trust. They have no old WMI assets under any servicing or management agreement. They should all be considered under the management of the LT or FDIC or other Trustee.
2. What is the existing connection between NSM and the TMST' Trusts (Thornburg) Listed, The servicing of those Trusts was Maryland Court Approved to go private with a privately funded purchase for $100 million dollars' of Thornburg's own servicing platform ... "Advitech" ...
IR answer:
None - they should be considered still under Thornburg's own servicing platform ... "Advitech" ... but not under WMIH/NSM
3. Does NSM have any type of a relationship with each of the ABS-Certs Listed on Their Own Investor's Tab ... servicer, subservicer, secondary offerings, mbs overage investing, etc. ...
IR answer:
Unrelated to pre nsm-wmih as stated WMIH/NSM has no WMI Estate assets as they where not part of merge agreement.
4. Are ... We' ... as Actual Owners of the parent corp., WMIH-Corp, NOW' also able to purchase "Secondary Market Offerings", direct from NSM ?
IR answer:
They Do not sell bonds, or equity directly but through brokerage houses.
5. Will NSM, now utilize its standing as an "Accredited Investor", as well as a "Secondary Market Bond Provider", use its available services as a financial conduit between the Original WMI Plan 7 Participants, and the present tense platform, functions that WMIH-Corp was unable to provide ?
IR answer:
All Bond or equity Secondary offerings are performed by larger brokerage houses, and they have no WMI plan 7 assets under management or for sale. So in his opinion he sees NO possibility of any share 4 value exchange.
Also all those Cusip's ... such as listed below in part: - NSM/WMIH is not servicing or managing any Estate Assets and they should be considered still under Trustee management. Rich did state that that does not mean it is not possible for someday beings asked by the LT or FDIC to service them but right now - NO ESTATE ASSETS ARE SITTING AT WMIH/NSM BEING SERVICED OR MANAGED.
929227ZC3 WAMU 2002-AR18 WSC
92922FEB0 WAMU 2003-AR10 USC
9292274D5 WAMU 2003-AR6 MUC
93934EAC9 WAMU 2003-R1
92922FZV3 WAMU 2004-AR12 MUC
92922FZV3 WAMU 2004-AR12 WSC
Also added: The BOD still plans name change and a 1:12 R/S
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