GO4 & Donot Thank You For your answers
I have to run out for a bit, however, I look forward to reviewing your information later on this afternoon ....
Also, maybe if you both would review the 12/31/2013 10-K regarding the up and coming RON distribution to the LTI Piers holders, and give me your views on that information later on, that would be helpful
I also want to get deeper into the recent settlement of United Guarantee PMI insurer (a participant within WMMRC) by the Trust and its receipt of the return of the 65m from the WMMRC PMI Trust (not our Liquidating Trust ... I know', it gets confusing)
There was (rough numbers) something like 400m in the trust to combat future pmi claims, but now with this recent transaction, I'm sure it has an ultimate effect ....
(I actually thought we would also see RMIC cashed out prior to May 1st, but so far ... no news that I have seen)
That would mean more cash and leaving only 3 remaining pmi holders within WMMRC ...... I guess it could still happen between now and the distribution, which IMO would be a good thing ....
ADDED; had the Liquidating Trust been able to sell these RON's according to their 12/23/2013 request and turn them into cash .... none of this would have been an issue .... the second lien issue put a stop to it all (Our people tried to simplify' AND do the right thing) sadly, that was not allowed to happen ...
AZ
