9 Reasons to Short FirstFed Financial [View article]
pravchaw - how many loans do they have with a - (.) 5- start rate? and a 125% re-cast? what will the payment shock be when it recasts and what is the current loan to value?
Who's to Blame for IndyMac's Failure? [View article]
Last year you could have received a Heloc behind a negative amortizing first mortgage from Indymac to the combined loan to value of 95%. This would have been possible with stated income.
Example Value of home a year ago $500,000.00
loan from first federal--- $400,000.00 start rate of ( .5)
Heloc from Indymac ------ $60,000.00
Current value of home most likely under 400,000.00 and with the first mortgage balance above 400,000.00 because of the high rate of negative amortizing Indymac second mortgage is worthless. I want to blame this as the cause.
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why would that be?
You had some calls expire worthless?
Do you always wish ill on people or you just had a bad day?
Earnings Preview: Ford Motor Co. [View article]
I have driven a ford lately
9 Reasons to Short FirstFed Financial [View article]
Naked Shorted Stocks [View article]
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IndyMac Falls, What's Next? [Housing Tracker] [View article]
Who's to Blame for IndyMac's Failure? [View article]
Example Value of home a year ago $500,000.00
loan from first federal--- $400,000.00
start rate of ( .5)
Heloc from Indymac ------ $60,000.00
Current value of home most likely under 400,000.00 and with the first mortgage balance above 400,000.00 because of the high rate of negative amortizing Indymac second mortgage is worthless. I want to blame this as the cause.
Crystal River’s Q2 Write-Downs Could Bankrupt the Company [View article]
www.tv.com/uservideos/...
Crystal River’s Q2 Write-Downs Could Bankrupt the Company [View article]
Crystal River’s Q2 Write-Downs Could Bankrupt the Company [View article]