Welcome To The ResCap RMBS Trustee Website
This website (http://www.rescaprmbssettlement.com) has been established by:
THE BANK OF NEW YORK MELLON,
THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.,
DEUTSCHE BANK NATIONAL TRUST COMPANY,
DEUTSCHE BANK TRUST COMPANY AMERICAS,
U.S. BANK NATIONAL ASSOCIATION, AND
WELLS FARGO BANK, N.A.
In their several capacities as trustees or indenture trustees (collectively, the “RMBS Trustees” and each, an “RMBS Trustee”), to the holders of Certificates, Notes or other securities (the “Certificateholders”) under certain residential mortgage-backed securitization trusts (collectively, the “Settlement Trusts” and each a “Settlement Trust”), to provide public access to information of interest to Certificateholders under the Settlement Trusts, and to other persons potentially interested in the Settlement Trusts.
On May 14, 2012, Residential Capital, LLC, and certain of its direct and indirect subsidiaries (collectively, “ResCap”) filed voluntary petitions under Chapter 11 of the United States Bankruptcy Code (the “Bankruptcy Code”) in the United States Bankruptcy Court for the Southern District of New York (the “Court”) (In re Residential Capital, LLC, Case No. 12-12020 (MG) and related cases) (collectively, the “Chapter 11 Cases”).
This website concerns, among other things, proposed settlements of claims of the Settlement Trusts against ResCap and others in the Chapter 11 Cases. These claims include, without limitation, certain claims relating to the origination and sale by ResCap of mortgage loans and to certain aspects of ResCap’s servicing of those mortgage loans. The current proposed settlements (which have superseded prior proposed settlements in the Chapter 11 Cases), would, if approved by the Court, bind that Settlement Trust and related Certificateholders. Accordingly, the proposed settlements and related Court approval procedures materially affect the interests of the Certificateholders, and the RMBS Trustees respectfully request that all Certificateholders and other persons potentially interested in the Settlement Trusts read all notices and related information posted to this website from time to time carefully in consultation with their legal and financial advisors.