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


To: Elroy Jetson who wrote (14915)11/8/2003 7:22:19 PM
From: ildRead Replies (1) | Respond to of 306849
 
Elroy, thanx for the information.

<<<But lending costs are a smaller percentage of a larger loan and thus more profitable by roughly 220 basis points so we are comparing apples to oranges. >>>

220 basis points value doesn't look credible.



To: Elroy Jetson who wrote (14915)11/8/2003 7:28:06 PM
From: GraceZRead Replies (1) | Respond to of 306849
 
The residual is a toxic waste product whose price can fluctuate wildly.

I think I remember years ago getting left holding the bag on a mortgage REIT that owned some of these.

It was my very first lesson in, "If a dividend looks too good to be true...."