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Re: None

Wednesday, 01/31/2018 8:02:42 PM

Wednesday, January 31, 2018 8:02:42 PM

Post# of 727569
When the escrow payout happens, it will be swift and all at once. I cannot see them dragging it out over decades with quarterly distributions. It will just leave too much liability in potential lawsuits from unsatisfied escrow owners and unreleased shareholders. If the distribution happens all at once and with minimal notice, the receivers will have the advantage of possession and the distributed nature of the assets will make it a hard target for potential class action lawsuits. When it comes to lawsuits, possession is 90% advantage.

Perhaps, this is why the payout is taking so long. There must be liquidation of remaining MBS going on behind closed doors...and its just taking a long time to complete in a non-distressed manner.
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