I believe this series of MBS is actually owned by the investors who signed timely releases by 3/2012. I remember when the seizure happened there was about 30B worth of securities that were shelf-ready and not assigned so this could be them. Wells Fargo is the Trustee. Also, remember there are three jumbo accounts that were opened at WF designed to handle billions of dollars as the tax refunds were deposited there and JPM was ordered to deposit monies from Servvicing Rights they held through the years.
Remember, if I am accurate, the investors who signed timely releases by 3/2012 own the former WaMu Estate including any Safe Harbor and BK Remote assets. So, anything sold to NSM will have to be paid for then they could make a deal with Lehman, and Lehmans 80 plus billion in NOLs may be their ticket to get into a potential private rights offering or something similar to this look.
There is much missing from this filing and I believe there is much more to come by the end of December 2022.
To me, this looks to be the beginning of at least one bucket of returns but with more parts to come.
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