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31, 2027, then Douglas Elliman will not be responsible for either of the Contingent Payments.” The settlement agreement reflects Douglas Elliman’s commitment to mitigating future uncertainties and limiting legal costs, which will benefit our Company, agents and stockholders,” Howard M. million as of Dec. million at any point from Dec.
Despite what maybe some people in capital markets may believe, there’s no guarantee in conservatorship; there’s no guarantee out of conservatorship.” “But by [2027] I would say there’s maybe 70% chance. There’s nothing about the conservatorship that changes the implied guarantee.
He put the odds of it happening in 2027. Any additionally derived value from the GSEs could be divided between the government and GSE shareholders, which could avoid drawn-out and costly legal proceedings. However, plans are already in the development stages.
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