[gandalf]

Need to inject a dose of realism here.

Ownership of a position in a security is not ownership of the underlying debt, or foreclosed asset should that arise. There is structure in between that governs the distribution of cash flows, including potential ownership positions in foreclosed assets. If assets are seized, they are generally sold by the servicer as REOs with any received sums allocated towards re-payment of the security with its scheduled interest.

Owners of the tranches or security positions going for 5 cents on the dollar are unlikely to see a cent from an under-performing security (or the resulting foreclosures). They are often second or third in line to collect.

[gandalf]

Need to inject a dose of realism here.

Ownership of a position in a security is not ownership of the underlying debt, or foreclosed asset should that arise. There is structure in between that governs the distribution of cash flows, including potential ownership positions in foreclosed assets. If assets are seized, they are generally sold by the servicer as REOs with any received sums allocated towards re-payment of the security with its scheduled interest.

Owners of the tranches or security positions going for 5 cents on the dollar are unlikely to see a cent from an under-performing security (or the resulting foreclosures). They are often second or third in line to collect.

[gandalf]

Need to inject a dose of realism here.

Ownership of a position in a security is not ownership of the underlying debt, or foreclosed asset should that arise. There is structure in between that governs the distribution of cash flows, including potential ownership positions in foreclosed assets. If assets are seized, they are generally sold by the servicer as REOs with any received sums allocated towards re-payment of the security with its scheduled interest.

Owners of the tranches or security positions going for 5 cents on the dollar are unlikely to see a cent from an under-performing security (or the resulting foreclosures). They are often second or third in line to collect.

[gandalf]

Need to inject a dose of realism here.

Ownership of a position in a security is not ownership of the underlying debt, or foreclosed asset should that arise. There is structure in between that governs the distribution of cash flows, including potential ownership positions in foreclosed assets. If assets are seized, they are generally sold by the servicer as REOs with any received sums allocated towards re-payment of the security with its scheduled interest.

Owners of the tranches or security positions going for 5 cents on the dollar are unlikely to see a cent from an under-performing security (or the resulting foreclosures). They are often second or third in line to collect.

[gandalf]

Need to inject a dose of realism here.

Ownership of a position in a security is not ownership of the underlying debt, or foreclosed asset should that arise. There is structure in between that governs the distribution of cash flows, including potential ownership positions in foreclosed assets. If assets are seized, they are generally sold by the servicer as REOs with any received sums allocated towards re-payment of the security with its scheduled interest.

Owners of the tranches or security positions going for 5 cents on the dollar are unlikely to see a cent from an under-performing security (or the resulting foreclosures). They are often second or third in line to collect.

[gandalf]

ass-cancer just took another dump.

Another steaming pile of horseshit.

Smells around here again.

Somebody open the windows.

[gandalf]

ass-cancer just took another dump.

Another steaming pile of horseshit.

Smells around here again.

Somebody open the windows.

[gandalf]

ass-cancer just took another dump.

Another steaming pile of horseshit.

Smells around here again.

Somebody open the windows.

[gandalf]

ass-cancer just took another dump.

Another steaming pile of horseshit.

Smells around here again.

Somebody open the windows.

[gandalf]

ass-cancer just took another dump.

Another steaming pile of horseshit.

Smells around here again.

Somebody open the windows.

[gandalf]

$10 bucks says ass-cancer rants about liberals next…

Free beer for dan if he adresses the arguments.

(He has to use a fact though. Something you could look up on Wikipedia.)

[gandalf]

$10 bucks says ass-cancer rants about liberals next…

Free beer for dan if he adresses the arguments.

(He has to use a fact though. Something you could look up on Wikipedia.)

[gandalf]

$10 bucks says ass-cancer rants about liberals next…

Free beer for dan if he adresses the arguments.

(He has to use a fact though. Something you could look up on Wikipedia.)

[gandalf]

$10 bucks says ass-cancer rants about liberals next…

Free beer for dan if he adresses the arguments.

(He has to use a fact though. Something you could look up on Wikipedia.)

[gandalf]

$10 bucks says ass-cancer rants about liberals next…

Free beer for dan if he adresses the arguments.

(He has to use a fact though. Something you could look up on Wikipedia.)

[Author]

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