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Replies to post #635162 on Mr Cooper Group Inc (COOP)

Replies to #635162 on Mr Cooper Group Inc (COOP)
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LuckyPanda

10/02/20 9:50 PM

#635163 RE: Tradeinman #635162

I agree that IRS wants their pound of flesh but the 90% rule applies to REITs. All those REITs may have been paying out all these years, but our retained interest has been collecting in some remote bk entity...just as CBA09 told us

The question now is what is the required release condition to repatriate those collected retained interest back to escrow markers? With in a year of bk closing? after both bk closing and FDIC-R closing? or it can withold until the last penny is collected from the REITs? 2041???