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Pastimes : John Dessauer's Investors World -- Ignore unavailable to you. Want to Upgrade?

To: Henry Richardson who wrote (1738)	10/21/1998 2:47:00 PM
From: DWB	Respond to of 2346

I think JD mentioned it in one of his recent phone calls... basically they are being punished along with a number of the other mortgage resellers, and that they have decided to make some conservative estimates for future reserves to stave off any unexpected financial turbulence. In my opinion, unless they go bankrupt, a 12% return is fantastic for a company of NDE's quality... DWB

To: Henry Richardson who wrote (1738)	10/21/1998 3:44:00 PM
From: R Chen	Respond to of 2346

Henry, I believe nde is a spinoff of countrywide credit.(countrywide mortgage holdings) A long term JD recommendation. A recent Bloomberg article dated 10/7 stated that some of the mortgage servicing could be in real financial trouble due to theshort term credit crunch