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

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To: mishedlo who wrote (67327)	8/2/2006 6:38:06 PM
From: russwinter	Read Replies (1) of 110194

Cash Out Figures Have Not Been Higher Since Second Quarter of 1990 freddiemac.com McLean, VA – In the second quarter of 2006, 88 percent of Freddie Mac-owned loans that were refinanced resulted in new mortgages with loan amounts that were at least five percent higher than the original mortgage balances, according to Freddie Mac's quarterly refinance review. This percentage is up from the first quarter of 2006, when the share of refinanced loans that took cash out was a revised 86 percent, and is the highest since the second quarter of 1990. Just the same Bully wannabee SBUX bombed on it's July same store sales, up 4%. That's just price increases. SBUX mgt claims it was slow service and a "run on icy frappacinos" during the hot weather.

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