Moreover, there are plenty of investment banks with a bucket full of money and a box of M&A fever. Now the next quarterly report might involve a bit more excitement, assuming CFC hasn’t been gobbled up by that time.
I am listening to the conference call, I came in almost an hour into it. Interestingly enough it is the position of the board that most of the foreclosures that have occurred so far are to do job loss situations, not ARM resets. Negligable is the word that they used to describe foreclosure due to resets.
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