InnoVest Resource Management's Foreclosure Forum

Home Discussion Board "Hands-On" Training Title Holding Trust Speaking Schedule Store Code References 50 State Resource Data Foreclosure Glossary Foreclosure Statistics 70+ Yrs Interest Rates Fillable Forms Archived Articles Dingbat Retirement Plan Links Contact / Map About Us Home

[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: DELINQUENCIES Posted by Bob Smith on September 22, 2006 at 3:49 PM In Reply to: DELINQUENCIES posted by Larry Nusbaum on September 21, 2006 at 8:42 PM I doubt banks are at risk in any significant numbers. Banks are not "banks" any more, they're financial services companies that sell their loans to Wall Street bond houses and retain servicing fees for back end profit. Only the very safest loans are kept in-house. Their profits may drop precipitously if originations stagnate, but unlike the mid 80s they have little or no financial risk from a real estate meltdown. National bond markets, on the other hand, are at serious risk, as are the major brokerage houses who have given yield guarantees to the bondholders. Follow Ups: Banks are not banks anymore Rick, the Probate Guy 8:26 AM, 09/24/06 (1) Re: Banks are not banks anymore Bob Smith 9:17 AM, 09/25/06 (0) Post a Followup: Name : E-Mail : Subject : Comments: : I doubt banks are at risk in any significant numbers. Banks are not "banks" any more, they're financial services companies that sell their loans to Wall Street bond houses and retain servicing fees for back end profit. Only the very safest loans are kept in-house. Their profits may drop precipitously if originations stagnate, but unlike the mid 80s they have little or no financial risk from a real estate meltdown. National bond markets, on the other hand, are at serious risk, as are the major brokerage houses who have given yield guarantees to the bondholders. Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

Information provided by this website is for informational purposes only and is not a substitute for professional advice. Please consult your investment advisor and/or attorney before entering into any transaction. Read our privacy policy.

Copyright © 1997-2006, InnoVest Resource Management
http://www.foreclosureforum.com

InnoVest Resource Management, 4569-A Mission Gorge Place, San Diego CA 92120-4112
(619) 283-5444, Fax (619) 283-5455