Replies to post #36782 on Washington Mutual Preferred fka WAMPQ

[sometimes_right]

Judge recently ruled Federal Judgement Rate should be applied for interest rates, which dramatically reduces the monthly burn rate to approximately $10-$12 million a month and thereby freeing-up to approximately $700 million to be additionally apply to the waterfall - IMO

[gophilipgo]

The burn rate has now dropped to $11 million with the change to FJR.