That is our Honey pit. Some will go to escrow(cash) and some to COOP S/V for MBSs. Actually I think it is already there and has not been sent or recognized yet.
Thanks for posting this... it sounds like very WAMUish... all tho RMBS Trusts.. and the Well Fargo connection... Just what AZ was mentioning in one of his posts yesterday... GLTU!
Unfortunately I don’t have a subscription to Law360, if someone with a subscription can post the whole article it would be greatly appreciated, but here is the title and excerpt:
“Wells Fargo Can't Shake Suit Over Conflict As RMBS Trustee
By Evan Weinberger May 16, 2013, 6:03 PM EDT
A Colorado federal judge on Wednesday allowed most claims to continue in a hedge fund's lawsuit alleging that Wells Fargo NA breached its responsibilities as both a trustee and a servicer... ”
Awesome find Royal Dude! I haven't been posting much but still reading and this is one of the most interesting things I've read in a while! Again great find Royal thank you.