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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: MoneyPenny who wrote (12449)8/16/2003 2:02:14 PM
From: MulhollandDriveRespond to of 306849
 
i'm surprised it isn't getting more coverage on the news (then again maybe not<g>).....is it the canary in the coal mine? will we be looking down the road at another bail SL type bail out??



To: MoneyPenny who wrote (12449)8/16/2003 8:39:59 PM
From: Jim McMannisRead Replies (2) | Respond to of 306849
 
Moneypenney,
I can only think of a couple reasons why they would pack it in so abruptly.

1. They told a ton of people they were locked in at lower rates when they weren't locked in and someone ran off with the origination fees.
2. Someone is super smart and sees the freight train coming.
Rather than bleed to death they are just closing.


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