Chase try, and always could have been, a complete stranger so you can title. The sole commitment Chase had having people WMB mortgage are the newest uncertain and mind-helping umbilical cable known as Pick & Presumption Agreement, and additionally (powerless) Minimal Power off Lawyer records granted to Chase on FDIC (a story of neglect and you can complicity for the next big date). After a decade + examining so it design, new cord that provided the lifeblood to the Pursue system can be severed between WMB, Mother FDIC, and you can Pursue.

If the sounds eliminated to your 9/, there is zero records evidencing people profit of your own 10s out-of thousands of mortgages securitized and you may ended up selling from the WMB (no assignments out-of mortgage loans and no recommendations through to notes), merely worthless licenses kept because of the dealers

There had been no identified repurchases of these WMB financing from the WMAAC, Chase, or even the FDIC article-receivership, merely bucks settlements you to admit so you can nothing. Read more