bubble mortgage: rates to go down ! - 04/26/07 02:10 PM
 What does Merrill Lynch (buyer of First Franklin and First Republic) expect rates to do? They expect inflation to eventually moderate which will give the Fed the room to cut rates and lower the Fed Funds rate to 4.25% (now at 5.25%) by the end of the year, helping ARM prices. … (0 comments)

bubble mortgage: another lender in a hole - 04/09/07 08:43 AM
        American Home Mortgage Investment Corp (NYSE: AHM) announced this weekend they will cut their dividend, and first quarter profits will come in between 40 to 60 cents per share (estimates were around $1.06). The stock is currently off $5.21 this morning in pre-trading hours, adding to the 26% slide … (0 comments)

bubble mortgage: roller coaster mortgage >? news about mortgage's - 03/16/07 05:31 PM
In local news today, Merrill Lynch is purchasing First Republic Bank for $55 per share. First Republic shares are up 41% this morning.
Mandalay Mortgage, a top-30-ranked subprime wholesale originator, announced that is closing its doors tomorrow and will stop funding loans. I guess that this leaves more room for the remaining lenders … (0 comments)

bubble mortgage: grim news of foreclosure in the late night news - 03/14/07 09:58 PM
  
   NBC News reported the grim news last night that foreclosures are now 4 times higher than they were in the year
2000, the rate of failures are growing daily and that there's no end in sight.
  The stock market crashed on worries about all the "bad" news. It's fascinating … (0 comments)

 
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