Re: DFC
This is hard thing to calculate. Some of it will depend upon what they get for their loans. My guess is that bankruptcy would allow them the time to get full value for the mortgages. You need to back out the securitization assets/liabilities to figure out their real obligations and assets. Then you need to determine what assets to write down (prepaids?) and which are solid. Lastly they carry interests in prior securitizations, you should find the reports for those to estimate what their interests are worth.
If you weren't already in, I'd counsel waiting until the company gives you some direction and updated financials. It's a lot of guesswork at this point.
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