The Epic American Credit and Bond Bubble Laboratory Message Board

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.

Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: UncleBigs who wrote (46046)	11/23/2005 1:31:00 PM
From: Elroy Jetson	Read Replies (2) of 110194

As Ramsey Su has said, (GDW) World Savings Bank is not your typical bank. Bet against Co-CEOs Herb and Marion Sandler at your own risk. They actually underwrite loans -- requiring steady income, savings, and a very conservative appraisal, by their appraiser. For decades they have essentially written only variable rate loans so they don't get caught as rates change. They do occasionally write fixed-rate loans for special customers, but in the past Marion has been able to list all of their fixed rate loans for me without referring to written notes, why they issued them, and how they are hedged. During the last real estate price decline from 1990 to 1995, their number of new loans declined sharply, but their losses on existing loans increased hardly at all. If you earn a good income in a stable profession, and have very little debt, World Savings can offer you a very competitive deal. If you don't meet that criteria, you're better off going elsewhere. .

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next