I know everyone here is hoping that there is some magic pumpkin hidden in the bonds that will save the day but it isn't so.
It is hard to value these bonds because they depend on the performance of a pool of loans and at this point are getting pretty old. The income declines over time because the loans pay off. As I posted here:
https://
www.investorvillage.com/smbd.asp?mb=4148&mn=146329&pt=msg&mid=17729162 Cash flows have gone from $59M in 2008 to $5M in 2016 and in 2017 look to be a bit less than $4M. These were recently reported on the balance sheet at around $10M which sounds low considering that's 3-4 years of interest payments, but $20M probably sounds high.
There is no market for these bonds, nobody is going to buy them and if they did they'd buy at a big discount to fair value which is maybe where the $10M on the balance sheet comes from.
The only other option is a "clean up call" for any overcollateralization that is trapped in the deals. I haven't gone through all the reports to find this but I'd be surprised if there was any. These were all written pre-crisis and income from the bonds fell from $59M in 2008 to less than $16M in 2009 which I'm guessing blew through all of the reserves. But it is possible I guess.
So I think these bonds will sit there and provide the company with a declining stream of income while they figure out what to do with their new acquisition.