WAMU (WM) Message Board - Msg: 14699987

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : WAMU (WM)

WM 199.77

-0.4%

Oct 31 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Peter V who wrote (104)	10/31/2000 11:51:37 PM
From: john b	Read Replies (1) of 116

Thought this board was DOA Check Bloomberg.com for a story some of which includes a few quotes concerning the downgrade from Gary Gordon. "With long term rates this low mortgage borrowers prefer fixed rate loans to adjustable mortgages Gordon said in a note to clients. Golden West deals almost exclusively in adjustable mortgages which are also a major product of Washington Mutual....the adjustable mortgage is rapidly losing favor with borrowers...seems WM had surpassed his price of $45". Also in the article, "Even though it's gone up it's still awfully cheap David Dreman Chairman of Dreman Value Management LLC said of WM. His firm owned more than 1 million shares as of June 30".

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next