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To: MythMan who wrote (251037)7/18/2003 1:06:02 PM
From: Lucretius  Read Replies (1) | Respond to of 436258
 
dumb bears? -g-



To: MythMan who wrote (251037)7/18/2003 2:16:00 PM
From: yard_man  Respond to of 436258
 
nice shorting oppty, IMO -- JBP.



To: MythMan who wrote (251037)7/18/2003 2:27:07 PM
From: yard_man  Read Replies (1) | Respond to of 436258
 
please hold this POS market up until the close, ok??



To: MythMan who wrote (251037)7/18/2003 3:28:11 PM
From: Lucretius  Read Replies (1) | Respond to of 436258
 
dino finally nailed one? lol



To: MythMan who wrote (251037)7/18/2003 4:18:55 PM
From: yard_man  Read Replies (3) | Respond to of 436258
 
what housing bubble??

biz.yahoo.com

Loans, not cars, power GM, Ford Q2 earnings

>>What caught many analysts' attention was that GMAC made more off loans for buildings than loans for cars. GMAC's mortgage business earned $415 million in the quarter -- a six-fold increase over the same period a year ago -- while the regular financing business earned $396 million.

GMAC's mortgage arm is the nation's largest commercial mortgage company and one of the top 10 largest residential companies. It owns the mortgage on the new AOL TimeWarner skyscraper in New York, and runs Ditech.com, which pitches mortgage refinancing through a plethora of television ads.

Last year, GMAC's mortgage business wrote 901,000 consumer mortgages and home equity loans, and was servicing 2.6 million consumer and commercial loans as of 2002. Like other lenders, GMAC has ridden the boom in home-mortgage refinancing -- which currently accounts for roughly 70 percent of its loans -- to record profits.

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To: MythMan who wrote (251037)7/18/2003 5:04:32 PM
From: Lucretius  Read Replies (2) | Respond to of 436258
 
ooops. Kobe going DOWNTOWN