Seeking Alpha
  • Ocean Man
    BAC up 9% but GS red?
    1/5/12
    Reply (5)
    • R2k: the Obama re-fi story must have helped BAC today.
      1/5/12
    • 1980XLS-2.0: yes, GS does not hold mortgages
      1/5/12
    • Malt Backbone: What am I missing on refi story? How does it help banks? People behind on their mortgage not eligible, so just reduces $ on good ones, no?
      1/5/12
    • R2k: agree with you Malt. Sent the story to a mortgage-banker friend. Will see what she says about it.
      1/5/12
    • sstonerm3: takes out some overhang risk I suppose. If you are underwater but can refi and mange the payment better, you might be less inclined to walk
      1/5/12
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