[lbo-talk] Mortgages

Jordan Hayes jmhayes at j-o-r-d-a-n.com
Sun Feb 22 07:15:24 PST 2009


Helen continues:


> IIUC, it's not "some" sense in which the shareholders own
> the mortgages collectively, it's all relevant senses ...

No, what they own is shares in the trust. They specifically don't own the mortgages. Anyway, I'm not talking about selling the mortgages or changing the terms; I'm talking about prepayment en-masse. The trusts will dissolve on their own.

/jordan



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