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Post# of 749756
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hotmeat

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Re: Royal Dude post# 546434

Sunday, 11/11/2018 2:34:40 PM

Sunday, November 11, 2018 2:34:40 PM

Post# of 749756
Servicing loans is not an accumulation of assets, they do not own them. All COOP does is collect payments for a fee and transfers the bulk of the cash to the bank that hired them. The exception are the loans they originated themselves where that cash stays in house but that portion is small compared to their entire portfolio.

EDIT: At least make an attempt to post something useful instead of the usual tripe.

25.2 Cancellation of Common Equity Interests:.., on the Effective Date, ALL Common Equity Interests shall be deemed extinguished and the certificates and ALL other documents shall be deemed cancelled.

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