This website (www.cwrmbssettlement.com) was created to allow certificate or bondholders (“certificate holders”) of 530 national settlement trusts on the approval and implementation of a June 28 transaction agreement to access information of interest. 2011 (the Settlement Agreement) enters, on the one hand, the Bank of New York Mellon as agent or investment trustee of the Settlement Trusts (trustee), on the one hand, and Countrywide Home Loans, Inc. (“CHL”), Countrywide Financial Corporation (with CHL, “Countrywide”), Bank of America Corporation (“LAC”) and BAC Home Loans Servicing, LP (“LAC HLS” and, with LAC, “Bank of America”) on the other. The national transaction agreement covers alleged CHL breaches of certain insurance and guarantees in the existing Settlement Trusts (“Governing Agreements”) agreements and LAC HLS` alleged breaches of prudent service obligations under the GOVERNING Agreement. The Countrywide Settlement Agreement requires Bank of America and/or Countrywide to pay a total of $8,500,000,000 ($8.5 billion) to the Covered Trusts (the “settlement”). In addition, LAC HLS must, among other things, implement a number of credit service procedures and improvements. The effectiveness of the transaction is conditional on the acceptance of the transaction by a court in a fiduciary proceeding (“TIP”), the attorney before the California Superior Court, Orange County Probate Division, was initiated in a case entitled In re: Trusts Created, Sponsored, and/or Serviced by Washington Mutual Bank and Certain Subsidiaries and Affiliates, No. 30-2016-00892014-PR-TR-CJC. The agent will also seek approval by the California Superior Court of a method of allocating transaction revenue between and within RMBS Trusts. October 13, 2015 the agent informed the holders and actual beneficiaries (“investors”) of the certificates or obligations of the 530 mortgage-backed trusts, Schedule A of the National Settlement Trusts (the “Settlement Trusts”) indicates that the “authorization date” under the national transaction agreement was issued on October 13, 2015 (see the disclosure of the occurrence of the authorization date under the transaction contract).
In addition, on January 11, 2016, the trustee informed investors of the allocable shares of the Settlement Trusts (or, if applicable, the credit groups that make them credible), as calculated by National Economic Research Associates, Inc. (the expert) in accordance with paragraph 3, point c), of the country-wide comparison contract (see the communication on the calculation of net loss percentages and the allocable shares of trusts by the expert). this website (www.rmbstrusteesettlement.com), in its respective capacity as agent, agent, trustee, successor trustee and/or separate agents (together the “RMBS agents” and each, a “RMBS agent”) of the three hundred and thirty-three mortgage-backed trust funds (330), which are listed as RMBS Trusts (the “RMBS Trusts” and each “RMBS Trusts”), for holders of certificates, bonds or other securities representing the shares of RMBS Trusts (the “certificate holders”) and others potentially interested in RMBS trusts, to provide access to the information of interest about this RMBS Trust Settlement Agreement, dated November 15, 2013 and amended on July 29, 2014, to and from a group of 21 (21) institutional investors , JPMorgan Chase and Co.