Form ABS-15G WASHINGTON MUTUAL MORTGA For: Jun 30
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM ABS-15G
ASSET-BACKED SECURITIZER
REPORT PURSUANT TO SECTION 15G OF
THE SECURITIES EXCHANGE ACT OF 1934
Check the appropriate box to indicate the filing obligation to which this form is intended to satisfy:
X |
Rule 15Ga-1 under the Exchange Act (17 CFR 240.15Ga-1) for the reporting period April 1, 2021 to June 30, 2021.
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Date of Report (Date of earliest event reported): August 2, 2021
Commission File Number of securitizer: 025-01123
Central Index Key Number of securitizer: 000314643
Washington Mutual Mortgage Securities Corp.1
(Exact name of securitizer as specified in its charter)
(Exact name of securitizer as specified in its charter)
Eric A. Senzon, (813) 584-3951
Name and telephone number, including area code, of the person to
contact in connection with this filing.
Indicate by check mark whether the securitizer has no activity to report for the initial period pursuant to Rule 15Ga-1(c)(1) [ ]
Indicate by check mark whether the securitizer has no activity to report for the quarterly period pursuant to Rule 15Ga-1(c)(2)(i) [ ]
Indicate by check mark whether the securitizer has no activity to report for the annual period pursuant to Rule 15Ga-1(c)(2)(ii) [ ]
___ |
Rule 15Ga-2 under the Exchange Act (17 CFR 240.15Ga-2)
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Central Index Key Number of depositor:
1 Washington Mutual Mortgage Securities Corp., as Securitizer, is filing this
Form ABS-15G in respect of all mortgage-backed securities representing interests in pools of residential mortgage loans for which it acted as depositor and which are outstanding during the reporting period. On September 25, 2008, JPMorgan Chase
Bank, National Association (“JPMCB”) acquired the banking operations of Washington Mutual Bank from the Federal Deposit Insurance Corporation (“FDIC”). It is JPMCB’s position that certain of the repurchase obligations of Washington Mutual Bank
remain with the FDIC receivership. Assets are reported herein in accordance with Rule 15Ga-1 regardless of the validity of the demand or defenses thereto, and nothing in this report shall constitute, or be deemed, a waiver of any rights, defenses,
powers or privileges of any party relating to these assets.
______________________________________
(Exact name of issuing entity as specified in its charter)
Central Index Key Number of issuing entity (if applicable): ____________
Central Index Key Number of underwriter (if applicable): ____________
______________________________________
Name and telephone number, including area code, of the person to
contact in connection with this filing.
INFORMATION TO BE INCLUDED IN THE REPORT
Item 1.02 Periodic Filing of Rule 15Ga-1 Representations and Warranties Disclosure
The disclosure required by Rule 15Ga-1 are attached as Exhibit 99.1 to this Form ABS-15G.
Exhibits
99.1 |
Disclosure required by Rule 15Ga-1.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the reporting entity has duly caused this report to be signed on its behalf by the undersigned hereunto duly
authorized.
Dated: August 2, 2021
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WASHINGTON MUTUAL MORTGAGE SECURITIES CORP.
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(Securitizer)
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By:
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/s/ Josh Barren___________
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Name:
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Josh Barren
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Title:
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Director
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Asset Class: Residential Mortgage Loans
Name of Issuing Entity
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Check if Registered
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Name of Originator
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Total Assets in ABS by Originator
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Assets That Were Subject of Demand (3)(4)(5)
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Assets That Were Repurchased or Replaced (3)(6)
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Assets Pending Repurchase or Replacement (within cure period) (3)(7)
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Demand in Dispute (3)(8)
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Demand Withdrawn (3)(9)
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Demand Rejected (3)(10)
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||||||||||||||
#
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$
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% of principal balance
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#
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$
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% of principal balance
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#
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$
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% of principal balance
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#
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$
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% of principal balance
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#
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$
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% of principal balance
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#
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$
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% of principal balance
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#
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$
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% of principal balance
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(a)
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(b)
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(c)
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(d)
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(e)
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(f)
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(g)
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(h)
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(i)
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(j)
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(k)
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(l)
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(m)
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(n)
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(o)
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(p)
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(q)
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(r)
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(s)
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(t)
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(u)
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(v)
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(w)
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(x)
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Washington Mutual Mortgage Pass-Through Certificates, WMALT Series 2006-05
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X
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WASHINGTON MUTUAL BANK
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5826
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$1,411,904,348
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100.00%
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9
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$2,065,690
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1.38%
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0
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$0
|
0.00%
|
0
|
$0
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0.00%
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8
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$1,805,783
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1.21%
|
1
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$259,907
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0.17%
|
0
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$0
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0.00%
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TOTAL
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5826
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$1,411,904,348
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100.00%
|
9
|
$2,065,690
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1.38%
|
0
|
$0
|
0.00%
|
0
|
$0
|
0.00%
|
8
|
$1,805,783
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1.21%
|
1
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$259,907
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0.17%
|
0
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$0
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0.00%
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||
GRAND TOTAL
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5826
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$1,411,904,348
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100.00%
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9
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$2,065,690
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1.38%
|
0
|
$0
|
0.00%
|
0
|
$0
|
0.00%
|
8
|
$1,805,783
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1.21%
|
1
|
$259,907
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0.17%
|
0
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$0
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0.00%
|
___________________
(1) This Form ABS-15G contains all applicable Reportable Information (as defined below) that we know and that is available to us without
unreasonable effort or expense. We have gathered the information set forth in this Form ABS-15G by, among other things, (i) identifying asset-backed securities transactions that fall within the scope of Rule 15Ga-1 for which we are a securitizer
and that are not covered by a filing to be made by an affiliated securitizer (if any) (“Covered Transactions”), (ii) gathering information in our records regarding demands for repurchase or replacement of pool assets in Covered Transactions for
breaches of representations or warranties concerning those pool assets (“Repurchases”) that is required to be reported on Form ABS-15G (“Reportable Information”), (iii) identifying the parties in Covered Transactions that have a contractual
obligation to enforce any Repurchase obligations of the party or parties making those representations or warranties based on our records (“Demand Entities”), and (iv) requesting all Reportable Information from trustees and other Demand Entities
that is within their respective possession and which has not been previously provided to us. Our ability to provide Reportable Information that is not already in our records is significantly dependent upon the cooperation of those other Demand
Entities. Any applicable Reportable Information that is not contained herein is unknown and is not available to us without unreasonable effort or expense, because some Demand Entities are no longer in existence, some Demand Entities have not
agreed to provide Reportable Information, some Demand Entities may not have provided complete Reportable Information, and some Demand Entities may be unable or unwilling to provide Reportable Information without unreasonable effort or expense (or
without imposing unreasonable expense on us).
The information in this Form ABS-15G has not been verified by any third party. In addition, while we requested Reportable Information from trustees
and other Demand Entities as to investor demands that occurred prior to July 22, 2010, it is possible that this disclosure does not contain information about all investor demands upon those parties made prior to that date.
(2) Washington Mutual Mortgage Securities Corp., as Securitizer, is filing this Form ABS-15G in respect of all mortgage-backed securities
representing interests in pools of residential mortgage loans for which it acted as depositor and which are outstanding during the reporting period. On September 25, 2008, JPMorgan Chase Bank, National Association (“JPMCB”) acquired the banking
operations of Washington Mutual Bank from the Federal Deposit Insurance Corporation (“FDIC”). It is JPMCB’s position that certain of the repurchase obligations of Washington Mutual Bank remain with the FDIC receivership. Assets are reported
herein in accordance with Rule 15Ga-1 regardless of the validity of the demand or defenses thereto, and nothing in this report shall constitute, or be deemed, a waiver of any rights, defenses, powers or privileges of any party relating to these
assets.
(3) The outstanding principal balance of each asset for which a decision has been made to repurchase or replace, is calculated as of the date of the
repurchase or replacement; the outstanding principal balance of each asset that has been liquidated or for which a decision has been made to make-whole, is calculated as of the date of liquidation; and the outstanding principal balance of every
other asset is calculated as of the last day of the reporting period. All of the balances and loan counts set forth in the exhibit are based on the Securitizer’s records and, in certain instances, may differ from balance and loan count information
publicly available.
(4) All assets for this transaction which are being reported as “assets that were subject of demand” are the result of litigation involving a
generalized repurchase claim against the related Securitizer or an affiliate without a loan-by-loan designation. As a result, 100% of the related loans in the transaction or loan group are captured by this report.
(5) Assets included in “Assets That Were Subject of Demand” includes assets where a demand was made during or prior to the reporting period, which
was either resolved during the reporting period or remains unresolved as of the end of the reporting period.
(6) “Assets That Were Repurchased or Replaced” may include assets that were previously liquidated, and for which a make-whole payment was made in
lieu of repurchase.
(7) “Assets Pending Repurchase or Replacement” includes only assets for which a decision to repurchase, replace or make-whole had been approved but
such action has not been completed, and are shown without regard to cure period status.
(8) “Demand in Dispute” shows all assets for which a demand has been made, and for which either the demand is in dispute, or the demand is still
under review.
(9) “Demand Withdrawn” shows assets where the repurchase demand was withdrawn by the trustee, or by any other party that made the demand.
(10) “Demand Rejected” shows assets where a repurchase demand has been rejected by the Securitizer.
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