█ Der ESCROW - Thread █

Da ist eine doch ziemlich interessante Entwicklung einer Diskussion um die sogenannten non-banking Subs (Tochtergesellschaften ohne Bankenstatus) , welche wohl genauso Mortgages verkaufen konnten, diese aber (definitiv) nicht an JPMC übergegangen sein konnten, da die Subs WM Specialty Mortgage LLC und Washington Mutual Mortgage Securities Corp.nicht der WaMu ("der Bank") untergeordnet waren, sondern der WaMu - Holding (WMI). Die Höhe der Hypotheken ist aber spekulativ. Also nicht an den unten markierten 110... oder wie faster schreiben würde ... 110.000 mio $ festbeißen. Die kommenden Argumentationen sollten recht interessant werden.

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Milk Duds:

"You said:

Quote:

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Eh, well, for starters -- WMI, nor any sub (except the BANK) was a bank. Then there is the court testimony as well. And no counter to that. And then there's the pure corporate structure. And, and, and.

C'mon.

Show that WMI or a NON-BANK (not WMB, not WMB fsb) ever wrote a mortgage....

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Well, for starters, mortgages can be written by non-banks.

There was a sub of WMI called:
WM Specialty Mortgage LLC

Also, there was one called:
Washington Mutual Mortgage Securities Corp.

You keep saying there's no evidence that WMI ever wrote a mortgage.
Fine. Let's remove the word "Wrote".

Change it to: Were there any mortgages under the parent company WMI (not WMB/WMFSB) prior to bankruptcy?

Also, I see that CLAWMANN posits there could be WMB mortgages held by the FDIC-R that were not transferred to JPM.

So the question is are there mortgages being held by FDIC-R that belong to the LT? Whether they came from WMI, or WMB (i.e. not transfered to JPM from WMB).

Various posters are providing evidence that there are!
That's the whole point. The evidence is in the mortgage numbers that don't jibe."

Tanjazielmann:

"Good DD Milk Duds,

It points exactly that WithCatz' point doesn't stand.

There were WMI non-banking subsidiaries that had loans before bankruptcy.

Good possibiltiy that practically all first lien home loans (worth 110 billion in 2007!) were from one of these subs.

Because there are zilch, zero, nada of these loans transferred to JPM. It never, never, never happened. Look at the annual reports of JPM.

Check the PCI loans, check out the breakdown JPM did of transferred loans on their own filings.

So now we have two possible avenues of escrow payout:

WMI mortgages still in receivership and serviced by JPM and closure of P&A from WMB.

This is getting better and better!"