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

To: Giordano Bruno who wrote (248094)	7/2/2003 9:39:53 AM
From: Terry Maloney	Read Replies (1) \| Respond to of 436258

Interesting. Just received the following from a friend in email (recognize the writing style? -g): went out shopping for loans this week just to see what would happen. had the following conversation tonite. for fun i put in a loan request through lending tree. got an offer for 450k at 30 year fixed 5.25... 2k closing.. no points, no escrow, no prepayment penalty... simple straight clean. asked for more info. guy calls from new york... and we talk about everything but the loan. where he drinks, the street thinks the 2nd half recovery is a joke and just wants to sell stuff to the believers. he's a life long republican but thinks everything going on is a joke. he sold all of his investments including real estate and is sitting all in cash. i say, his loan is very tempting but i have doubts. he doesn't argue with me. i say, they'll cut again to keep the real estate bubble floating a bit longer. he says.. no problem, i understand. he says he's so busy in the loan business he doesn't need to hard sell me. i say, keep me in your rolode he says, you bet. i say, call me if you want to talk markets. he says, you bet. f*cking amazing 20 minutes.