FDIC's Own Regs Show WAMU to Chase Loan Transfers A Sham, Plus Covid Updates

Bill Paatalo in a recent Blog Post (May 14), laid out the position that the FDIC's own promulgated Rules and Regulations demonstrate that the WAMU to Chase purported transfers of securitized trust mortgage loans never legally properly happened due to the criteria laid out in same Rules and Regulations. Bill will cover the factors at play here, including showing how WAMU's loan were 'legally isolated' from the FDIC Receivership of WAMU when WAMU went into bankruptcy in 2008 to facilitate transferring loans to Chase. Charles Marshall will cover the latest in Covid-19 policies, with special attention to California and the implact these overlapping policies have on foreclosure sales and foreclosure litigation.