Mortgages and refis are picking up volume, especially refis. Under the radar, a slew of regional banks have been skyrocketing, thanks to the refi boom. My preference is to find names trading under a price to book ratio of 1. But for the sake of showing you how “awesome and amazing” the mortgage market is right now, I will post a full list of winners over the past 3 months.
Here is the poster child of the refi bonanza, Elli Mae.
And here are the winners, as the market has been getting punched in its face. They don’t give a shit, honey badger style.
Back in 2002, I only bought regional banks and preferred stocks. The market was shit, but the refi business was booming–thanks to Greenspan. Don’t fall into the trap thinking the refi market can’t boom as the economy shrinks. It’s happened before and it’s happening now.
37 Responses to Do You Want to See a Bull Market?
I have followed Elli May.for years. She Is the brother of Jethro and daughter of Jed Clampett. She is hot.
What’s the first thing you know?
Jed’s a millionaire!
Is that a screen shot of PPT2.0? Looks nice.
wonder where all these folks got the money for the refi charges ? probably there 401k ..could be why no investor interest …food for thought ….but off to pest the girly friend some more
Why raid the 401k plan? Just fold the charges into the new note of course!
Refi charges are only a few thousand, and many can be rolled into the loan.
No fee refis are all the rage right now.
Just hire Timmothy Mcveigh to get rid of all the short sellers.
They will meet up in hell.
Thats what she said
Everyone Loses period! Buls and bears will be lucky to yield 2.5% by eoy. Deflation is here.
preferred were all the rage back then. good call FLY
You remember well.
Did a no fee refi from Wells last year at 4%. I actually have a couple friends that did refis just this month.
Long call spread WFC
Thank me later
Just did one at 3.15
3.125% or 3.25%? Surely not 3.15.
Also big in 02 and 03, new issues of closed end bond funds, the slickest ripoff of retail money.
right if LTV’s were the same as they were back then, i’d be with you but they are much lower now and refis are very hard to do because of that. Refis are not picking up steam
should read higher LTV’s
the cost of owning a home makes no sense anymore that ship has sailed …and sank ! ! !
Naturally, I disagree. There is a value to owning that is not represented in resale price.
Just still a 1.2500 battle on eur/usd, lame rally at best. Watch Oil leading into API/EIA and Opec on Thursday…and well the huge gorilla, Iran Talks this upcoming weekend/Monday imho.
Just locked in 3% today actually on a 15-year with 25% down. Taxes are almost as much as the mortgage and may have been with a 30-year.
senior fly, did u recieve the email i sent? the_fly@ibankcoin.
no. Try flybroker@gmail
bot a little znga
LeFly, perhaps Ibc Admin would like to offer “AG Holdem” Tuesday (i.e. a violent rap video involving guns) now that America’s top attorney, today, state:
Holder: ‘I Stuck by My Guns’…
lol if he only stuck to(with) his guns he wouldnt be in a shoot out now
Absurdity. Ad nauseam. But wait!
Some Ibc contributor will say I’m biased and not “independent” enough. That BRA should reform his opinion because it’s a Hegelian dialect.
As though, paying taxes, being an America, I shouldn’t take offense to corruption of this proportion.
(thumb twittling commenced)