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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: John Vosilla who wrote (22606)	2/1/2005 3:26:25 PM
From: ild	Read Replies (2) \| Respond to of 116555

<<<I did have a high credit score in 1994>>> In 1994 some alive person would have to get faxes with your credit reports from credit agencies and manually go thru them. Now it's done in a second by the computer and credit decision itself is made by the computer. Plus RE wasn't doing great in 1994. This time is truly different! <<<I noticed Countrywide has become very aggressive in raising rates on CD's. It has among the highest in the country. I can't see how they will make any money given how low mortgage rates still are.>>> They make up on volume. It's what called profit-free risk. -g- I read that CFC is very aggressive in sub-prime -- the only place where margins are still pretty good. May be they want to keep those sub-prime loans on books using money from CDs. DISCLOSURE: Short CFC. -ng-