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Motion to Approve Stipulation/Settlement Between the Trustee and

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Enterprising Investor Member Level  Friday, 10/19/18 11:21:30 PM
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Motion to Approve Stipulation/Settlement Between the Trustee and ADCO Trust Parties (10/18/18)

The settlement resolves the allocation of proceeds from certain claims pursued by the Trustee and the ADCO Trust Parties arising from the securitization of mortgage loans in Thornburg Mortgage Securities Trust 2007-3 (the “2007-3 Trust”). Beginning in the latter part of 2013, the Parties made demand on Countrywide Home Loans Inc. for repurchase of certain mortgage loans, for inspection of mortgage loans files for certain other loans, and for mediation of disputes related to such loans.

The Trustee and the ADCO Trust Parties have agreed upon the amount of the Net Recovery and the Trustee’s share thereof, which is $812,915.06. Within five business days of entry of a final order granting this Motion, the ADCO Trust Parties shall remit that amount to the Trustee.

Responses due by 11/8/2018

Source: PACER [Docket 2753]

"Someone said it takes 30 years to be an instant success" - Gabriel Barbier-Mueller, CEO of Harwood International
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