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Non-Tech : Bill Wexler's Trading Cabana
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To: RockyBalboa who wrote (2573)8/15/2007 2:58:29 PM
From: RockyBalboa  Read Replies (2) of 6370
 
CFC Option Arms Update:

$325 billion of these loans will default
Countrywide ... being forced to hold on to more loans
Washington Mutual recognized $706 million in uncollected interest
major option-ARM lender, IndyMac Bancorp Inc., has been even harder hit

Message 23784500
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