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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: SeaViewer who wrote (23102)12/8/2004 4:27:11 PM
From: ild  Read Replies (1) | Respond to of 110194
 
Margins in sub-prime lending are down a lot this year. CFC is also very aggressive.

Overcapacity in mortgage origination is tremendous especially counting that underwriting now is performed by the computers.



To: SeaViewer who wrote (23102)12/9/2004 9:39:25 AM
From: Knighty Tin  Respond to of 110194
 
Jeff, If you are losing money on cars, then you can diversify by losing money on mortgages. It all makes sense in our Orwellian world. At least it makes as much sense as "fixing" your underfunded pension by borrowing $17 billion. Of course, that is also the way the Governator "fixed" the California deficit. I guess I'm just a girly-man. <G>


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