Johny JPM found a $30B CMBS at the FSB. They took the servicing rights and the MSRs. It generated a large amount of income for them. However WMI was the main beneficiary and the income was used to dividends for Piers and Common shareholders. JPM even tried to keep the income but lost the 5th DC court decision as reported by Globic in December of 2019. Piers are gone due to they were caught cheating. This income is being placed into the Commons trust at Wells Fargo Trust Company.
JPM is still alive and WMI/WMB is not.....bought the bank for 1.89 billion.....found 30 billion...and 11 billion and more...then through the GSA received 600 million on top of that...Lucky....maybe but JPM did survive...
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