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Strategies & Market Trends : Contrarian Investing -- Ignore unavailable to you. Want to Upgrade?


To: pcyhuang who wrote (1521)8/24/2007 7:38:38 AM
From: JasonSmart  Read Replies (1) | Respond to of 4080
 
Thanks for posting valuable information here. From NFI recent 10Q

yahoo.brand.edgar-online.com

Table 23 — Mortgage Loans – Held-in-Portfolio Delinquencies

It seems to me that 7% delinquency and 15% devaluation will cause NFI 7%*15%=1.05%, therefore the total loss is 1.05%x$3.4 bil= $36 mil.

It seems to me that NFI can sustain for a while.

Jason Smart