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

To: russwinter who wrote (49563)	1/12/2006 12:32:03 PM
From: Ramsey Su	Read Replies (1) \| Respond to of 110194

So AMH screwed up ....... As a result of the changing market conditions the Company achieved lower than expected prices for the loan production it sold at quarter-end. This production consisted of loans with interest rates that had been set prior to the change in market conditions. In addition, at quarter-end the Company chose not to sell a portion of the loans it had originated for sale due to the low prices being offered by loan buyers, and instead carried these loans into the first quarter. ...... wait a minute, didn't NEW, LEND, NFI etc all did the same for the last few quarters? All their portfolios went up.