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Post# of 730586
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LuckyPanda

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Re: hotmeat post# 513469

Thursday, 03/15/2018 2:18:05 AM

Thursday, March 15, 2018 2:18:05 AM

Post# of 730586
hotmeat, you should reread my post earlier. read the wordings of the two documents carefully.

It clearly states Wand is "buying" (aquisition) Eclipse and Wand is "merging" into NSM.

Mergers and Aquisitions are not the same. I am not sure what is in Eclipse but I am pretty confident that it is not NSM.

These are two different transactions. Wand will not be merging into NSM as an empty shell sub. It must have something to merge with NSM. The NOLs are sitting at WMIH parent, not in the sub (Wand).

That's why Wand is buying Eclipse (not clear what is in Eclipse at this time) and merging into NSM - which is a company servicing mortgages.

Somehow Deutch Bank is involved in the middle. That's why, IMO, there is a good chance Eclipse could be the entity that is holding the left over loan portfolio from the DB trust.
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