The Epic American Credit and Bond Bubble Laboratory Message Board

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

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To: russwinter who wrote (53400)	2/10/2006 1:09:41 PM
From: Ramsey Su	Read Replies (1) of 110194

CFC will soon be understaffed and will be hiring like mad. With their huge servicing portfolio, the work load is going to escalate sharply when defaults start coming. It takes only common sense to understand that it takes a lot less staff to service a low delinquency portfolio vs a high one. The conf call of the day got to be WCI. These guys make Bob Toll look good. e.g. They said their cancellations went up SLIGHTLY - which is translated into from 9% to 16%. They said their orders were about normal to a slight decline - which is translated in a whopping 44% drop. They are popping up towers everywhere along the east coast to satisfy the demographics driven demand for million dollar second homes.

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