BOARDDORK
""""DB was trustee - aka the manager. The servicer, like Nationstar - is collector and disperser of funds to participating investors. The past 10 years of income, liquidation, principle, interest, etc.....was unable to be dispersed to participation income owners like legacy WMI and other private investors like hedge/equity funds, due to safe harbor triggered by receivership and bankruptcy, which put those assets in temporary time out."""""
NOW let me play one of my WHAT IF GAMES!!!!!!!!!!!!!!!!!!
WHat IF DB having BOBVIOULSY been servicing some of our stuff, when they said that funds would be dispersed to ALL INCLUDING the MOM AND POPS!!!!!!!!!!!!
What if it has been HMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM
Remember EVEN at this point in time AND WHEN THOSE FUNDS were distributed, HMMMMMMM NSM is an independent company servicing some of OUR OTHER PAPER!!!!!!!!!!!!!!!!
PHH is the servicer and IN CONTROL of some of our paper.
1031/1033/Wand/Eclipse and then look and see that ECWEN buying or having bought PHH HMMMMMMMMMMMMM ANOTHER servicer.
Now if what or who I think this goes down is
WE MAKE all THAT CURRENTLY CONTROL anything of OUR's, WE MAKE EM ALL PART OF THE Family...............
THIS IMHO ESCAPES ALL problems of NO PROPERTY OF THE DEBTORS SHALL RETURN TO THE REORG DEBTOR!!!!!!!!!!!!!!!!!!!!!!!!!!
LMAO guess what's IT's NOT!!!!!!!!!!!!!!!!!!!!!!!!!!!!
But the beneficial % interests held would go under LOL OURS SUBS and they as always will report independently and as they do today, they do NOT DIVULGE WHAT the hold for clients they service or even clients
SO in short just as DA BOYS would do, they HAVE ECLIPSED what outs there and IMHO, will by all servicers and once done they wave the WAND!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
NONE of this can ever be shown to have come from WMI WHO OWNED WMB!!!!!!!!!!
So it won't
Just thunking