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  • More on HELOCs, Second Liens and Rose Colored Glasses [View article]
    Reggie, I would be interested in your analysis of Etrade's home equity/HELOC portfolio.

    Just for your information, it's about a $11.5B portfolio, $1.5B are first liens and Etrade has prepared itself for chargeoffs totaling $1-1.5B, or roughly 10-15% of all the second lien loans.

    Best regards and thanks for all the great information. If I take one thing away from your analyses, short the hell out of WaMu.
    May 28 13:27 pm |Rating: 0 0
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