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renaissanceman renaissanceman is offline
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Join Date: Nov 2006
Location: San Francisco
Posts: 206
Countrywide is the strongest right now, the subprime market has some banks out of the mortgage business like capital one as well as pure play mortgage companies,the largest just folded. anyway, countrywide just got a consortium of 11 institutions to invest $11B plus bofa just invested $2B for 5%. they also have the volume to repackage and sell the loans to fannie mae so they dont end up holding it in their portfolios plus they are guranteed by the govt. so lots of cash, low risk, high profile
Old 08-24-2007, 09:02 AM
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