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WRONG!!! It's the bank that created/owns the loans

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hotmeat   Wednesday, 02/12/20 12:17:08 PM
Re: BBANBOB post# 612138
Post # of 626245 
WRONG!!! It's the bank that created/owns the loans or the Trust that manages them that must pay the Servicer COOP for their servicing of the loans....they are the ones providing the service.

The money paid to them will come from the profits generated by the loans and Equity only benefits from interests held in those assets, IF ANY EXIST.

Servicing rights is how COOP generates income, they receive payments for servicing loans they don't pay entities for servicing duties they carry out.

How you believe that COOP must pay Equity for servicing former WAMU loans is beyond belief.

You just proved you have no clue how this all works...WOW!!!!!!!!

"MEGA BILLIONS CREW" non-member
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