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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: MoneyPenny who wrote (12449)8/16/2003 8:39:59 PM
From: Jim McMannisRead Replies (2) of 306849
 
Moneypenney,
I can only think of a couple reasons why they would pack it in so abruptly.

1. They told a ton of people they were locked in at lower rates when they weren't locked in and someone ran off with the origination fees.
2. Someone is super smart and sees the freight train coming.
Rather than bleed to death they are just closing.
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