Silicon Investor (SI) -- The First Internet Community

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.

Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Earlie who wrote (145502)	1/23/2002 10:58:57 AM
From: reaper	Read Replies (3) \| Respond to of 436258

<<To me, the degree of risk is simply massive, but the market sure doesn't view it that way>> You would have said the same thing about Enron 6 months ago. The market is wrong, and the analysts are morons. That's really all you need to know. Cheers

To: Earlie who wrote (145502)	1/23/2002 11:06:47 AM
From: LLCF	Read Replies (3) \| Respond to of 436258

Mr. Market just says; "people don't default on mortgage loans, it's the LAST thing they do" Correct of course. Who knows, seems to me they just process every conforming loan to come down the pike and right now they're getting shoved down their throat. My friend got his in a couple weeks from DiTech, he had 15 yr fixed @ 6.125 locked up and they called him before close to offer 5.875 for $500 process fee. He took it. They just turn and hit the bid. I don't even know if FNM CAN say no. DAK