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d_damiano
508 Posts |
 Posted - 05/12/2008 : 9:34:21 PM
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WOW, these guys have been hammered.
I have to admit I have made more money shorting their stock then my closed loan income this year.
IMB= I am Bankrupt
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lavishhog
7 Posts |
Posted - 05/12/2008 : 10:50:03 PM
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| My office has funded 20 deals with them in the last 2 weeks... |
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mantixmortgage
2541 Posts |
Posted - 05/12/2008 : 11:24:48 PM
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| your office may not save them though |
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mantixmortgage
2541 Posts |
Posted - 05/12/2008 : 11:27:56 PM
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| did you just completely edit your post instead of just replying |
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d_damiano
508 Posts |
Posted - 05/12/2008 : 11:29:11 PM
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quote:
Originally posted by mantixmortgage
did you just completely edit your post instead of just replying
oops yup I'll fix it |
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d_damiano
508 Posts |
Posted - 05/12/2008 : 11:30:18 PM
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quote:
Originally posted by lavishhog
My office has funded 20 deals with them in the last 2 weeks...
Don't get me wrong, I would love to see a turnaround. My concern is the middle management has cut off the folks on the street from communication with the real decision makers.
They have been late to the FHA party by a year, they just started to accept DPA's less than a month ago.
They fought earned income programs when it was presented to them first.
The culture is set up like the post office in a time when we need fed ex
Don't get me wrong I love the "we don't care about declining markets", but you have to admit, there still is a lot of work to be done. |
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GVDenny
268 Posts |
Posted - 05/13/2008 : 02:15:25 AM
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| But their rates lately have been great. I have 2 loans with them right now so if they go under they better wait! Their agency jumbo pricing rocks! |
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VVance
1378 Posts |
Posted - 05/13/2008 : 06:58:53 AM
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At 18 year low.
INDYMAC BNCP INC(NYSE: IMB)
Last Trade: 2.67
Trade Time: 9:33AM ET
Change: 0.39 (12.75%)
Prev Close: 3.06
Open: 3.01
Bid: N/A
Ask: N/A
1y Target Est: 4.17
Day's Range: 2.77 - 3.05
52wk Range: 3.03 - 37.50
Volume: 671,433
Avg Vol (3m): 2,998,780
Market Cap: 215.99M
P/E (ttm): N/A
EPS (ttm): -8.28
Div & Yield: 1.00 (29.20%)
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MisterVA
5365 Posts |
Posted - 05/13/2008 : 07:01:28 AM
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| We are looking at other RM vendors right now. |
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VVance
1378 Posts |
Posted - 05/13/2008 : 09:13:53 AM
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| Hit $2.15...Down 26% just today. Market Cap down to 180 million...all this on huge volume. This don't look good... |
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VVance
1378 Posts |
Posted - 05/13/2008 : 09:26:22 AM
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Needs to raise significant capital
http://biz.yahoo.com/rb/080513/indymacbancorp_research_friedman.html?.v=2 |
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CoralSnake
10078 Posts |
Posted - 05/13/2008 : 09:29:55 AM
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quote:
Originally posted by d_damiano
WOW, these guys have been hammered.
I have to admit I have made more money shorting their stock then my closed loan income this year.
IMB= I am Bankrupt
Im not really sure where you got your definition of what classifies a stock as a 'pink sheet' stock. |
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808
1676 Posts |
Posted - 05/13/2008 : 09:37:29 AM
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| do you know how much Option ARM paper Indy Mac is sitting on in Declining Mkts? Their lucky their stock is where it is. The best move they ever made was not buying out American Brokers Conduit last yr and bailing on the deal in the 11th hr. Still I don't think that'll be enough to save them. They need ING or a couple of oil sheiks to come to the rescue |
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baxter1
96 Posts |
Posted - 05/13/2008 : 09:59:27 AM
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Any money left short or long on the POS, made my year with WCG long.
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EMScommercial
4545 Posts |
Posted - 05/13/2008 : 10:17:30 AM
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two things...
indycrap... that's funny....
secondly... i love indymac.... pushed tons of loans (including my own) through them.... much better than cw!....
hope they pull it through.... |
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