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Interests typically do not follow in step with the FEDs Funds Rate. Because of the housing information that was reported today many banks could be adding in a risk premium to cover defaults that they are seeing because of the current market. Interest rates typically follow the 10yr...

Sure why couldn't they? It's nothing more than a c/c that is backed by the value of your home....they raise interest rates and lower them all the time on c/c.

Unreal...you guys completely missed the persian dude in the background.!!!

Lawyerliz I think what Optimusprime is saying flows like this: 1) had a 1st mortgage and it was paid off two to three yrs ago 2) just about 6 months was approved for a HELOC at 6.25% for 300K 3) now that rates are going down, I am not sure about this, can he refinance his HELOC to...

More like revving up the Jets on his B52 Bomber

Not sure how many people read the blog "The Big Picture" but Barry had a interesting comment about Bear Sterns that if comes true could just add more fuel to the credit blaze. http://bigpicture.typepad.com/

I see your point but those are forward looking statements that investors must digest and then analyze the legitimacy of those statements...right? Now if the Tan Man signed off on financials that showed they were profitable in December when they were not that is a serious problem. It's kind of...

Morekaos Doesn't SOXs only require that c-level executive more less sign off on the validity and accuracy of corporate reports? I didn't think it said anything about the validity or accuracy of guidance that was not part of their reports submitted to the SEC.

Sun Tanning Beds I think!!!!

IMO it really doesn't matter whose at fault or how much confidence you have in their forecast for this qtr or any qtr going forward. If CFC wants a remote chance to stay alive they need to go black quickly and fix all of their internal problems. Offload the REOs at whatever price they can get...

Does anyone think they will hault trading on CFC this week? I mean this thing has just be destroyed!!!

I was a young kid in the 80s so have no clue about the decisions Volker was making or how the economy was doing considering my only concern was how many He-Man and GI Joes I could fit in my mouth...kidding. Anyways my question is do people think AG was smart enough to keep pushing out his...

Graphrix....man you are salty today. I guess you have been sleeping on the wrong side of the bed too.

IrvineRenter Was that your guarantee or was it the sun would rise in the east and set in the west?

Yeah I know that is the shame of the whole system. You can fudge percentages pretty easily.

yeah but your deductions do not provide enough "return" to bump you up to your gross income. It's just my opinion but I think when buyers look for homes they really should use their "net income" even if an underwriter is willing to approve their loan on their gross income.

HS Teacher So how much do you think we will be paying a sqft? You can give us a low / high end but to me that is much more beneficial than a median price of $500K

Wouldn't a capital gain be a profit of 1 dollars and capital gains be a profit greater than a dollar?

Also I think you need to stand back and look at what their net income is vs their gross income. Even making 186K / yr combined only comes out to 139.5K / yr net after taxes are taking out. Then take into consideration the cost of medical and maybe a possible garnishment on their income and...

What do you expect from realtors? NAR adjust its numbers every month...I believe it's done that the last 11 straight months.