We don’t actually know what was in the merger agreements but we do know that Chase, for example, always left their options open as to whether they were going to assert ownership over a loan as a result of a merger. The “schedule” that was supposed to be attached to the 9/25/-8 WAMU-Chase-FDIC-BKR Trustee agreement never materialized. This was left to Chase to fill in after the alleged merger.
We also don’t know which subsidiaries were included in the alleged mergers, so keep digging.
Filed under: foreclosure