Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Schnullie who wrote (59932)	8/15/2006 1:29:00 AM
From: Schnullie	Respond to of 306849

...and NFI is about the same.

To: Schnullie who wrote (59932)	8/15/2006 1:30:11 AM
From: John Vosilla	Read Replies (1) \| Respond to of 306849

Job openings in REO departments. Perhaps who is staffing up gives us clues? careerbuilder.com

To: Schnullie who wrote (59932)	8/15/2006 12:45:51 PM
From: patron_anejo_por_favor	Respond to of 306849

I don't have a position in NEW, but their model is more or less the same as NFI. They're both hemorrhaging cash. They've paid the divi for the last year or so by selling stock, but that seems increasingly less likely. In the last quarterly statement, NFI reaffirmed their dividend payment. But cash flow is unlikely to support that through the next 3 quarters. Their payout ratio for the last quarter was 190% or so. That can't be maintained, and if refi activity goes away, they're toast. (They do the bulk of their loans in Cali and Fla).