Lookin' rougher by the day:
http://ml-implode.com/
CFW's doing what should be done, too many folks working far too few deals.
It should drive up/support the stock at some price, but "executives" these days can take a windfall and create a crater in pretty short order.
The problem with publicly-held mortgage "brokers" (Lenders who don't lend their own assets alone - BANKS included.) is that it is nearly impossible to know their intrinsic value. Once you add up the RE at current prices, add the F&F, you're pretty much outta assets of any value at all. They sold the performing future revenues before the ink was ON the paper, long before it was dry.
Fortunately, the street doesn't know this, hence the financial world's stock isn't yet found only in the outhouse.
Tomorrow's another day & there's quite a line at the outhouse these days.
Blatant Self Promotion here -- We-- Union Savinga are privatly held and do not Securtize paper, thats why we are still doing business
Comments(2)