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Market jitters to subprime woes

Discussion in 'Money & Finance Forum' started by meatpile, Aug 1, 2007.

Page 8 of 10
  1. Aug 31, 2007 at 2:05 PM #71
    gridfaniker

    gridfaniker Loathsome

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    yes. way off base.
     
  2. Aug 31, 2007 at 3:25 PM #72
    chipshotx

    chipshotx Full Access Member

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    I found out what the deal is with the long vs short term closings. Becuase of the subprime issue lenders are changing requirements on pre-approved loans. They are reviewing the loans and yanking them due to there changes and not due to anything done by the borrower which has basically never happened. Short term closings simply reduce the chance for a market change to affect your approval.
     
  3. Oct 25, 2007 at 1:10 PM #73
    VA49er

    VA49er Full Access Member

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    Countrywide reports tomorrow.
     
  4. Oct 25, 2007 at 2:08 PM #74
    Freakshow

    Freakshow Fuck you guys.

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    And 175 Lenders have now "imploded" since late 2006...

    :rockon:

    BOOM!!!!
     
  5. Oct 26, 2007 at 9:23 AM #75
    kshead

    kshead What's the spread?

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    -$1.2 billion
     
  6. Oct 26, 2007 at 9:46 AM #76
    vpkozel

    vpkozel Professional Calvinballer

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    That's not bad. And they projected profits in Q4.

    This thing isn't over yet though. It is going to take another 6-9 months to shake out.
     
  7. Oct 26, 2007 at 10:09 AM #77
    VA49er

    VA49er Full Access Member

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    Not bad compared to Merrill's $7.9 Billion writedown and $2.3 Billion loss.
     
  8. Nov 9, 2007 at 3:10 PM #78
    VA49er

    VA49er Full Access Member

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    Just wait until the credit card crash begins. That's gonna hurt a lot worse than the "mortgage" crises. People no longer have their homes to use as piggy banks to refince high interest credit card payments yet they keep charging.
     
  9. Nov 9, 2007 at 4:31 PM #79
    token

    token I'm a lady

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    Wachovia took a hit today too. Not sure of the numbers, but they blamed it on subprime markets.
     
  10. Nov 9, 2007 at 4:39 PM #80
    meatpile

    meatpile 7-9

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    $1.1 billion.
     
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