Comments on: NEW Century Down 70% After it Announces it is Under Investigation by Federal Regulators: If You Listened, I Would Have Made You Money! http://www.doctorhousingbubble.com/new-century-down-70-after-it-announces-it-is-under-investigation-by-federal-regulators-if-you-listened-i-would-have-made-you-money/ How I Learned to Love Southern California and Forget the Housing Bubble Tue, 06 Jan 2009 06:19:48 +0000 http://wordpress.org/?v=2.2.2 By: wittbelle http://www.doctorhousingbubble.com/new-century-down-70-after-it-announces-it-is-under-investigation-by-federal-regulators-if-you-listened-i-would-have-made-you-money/#comment-345 wittbelle Fri, 09 Mar 2007 02:40:00 +0000 http://www.doctorhousingbubble.com/new-century-down-70-after-it-announces-it-is-under-investigation-by-federal-regulators-if-you-listened-i-would-have-made-you-money/#comment-345 That BNC company sounds like a sweet place to work. Just scratching the surface of Southern California sleaze. That BNC company sounds like a sweet place to work. Just scratching the surface of Southern California sleaze.

]]> By: Dr Housing Bubble http://www.doctorhousingbubble.com/new-century-down-70-after-it-announces-it-is-under-investigation-by-federal-regulators-if-you-listened-i-would-have-made-you-money/#comment-328 Dr Housing Bubble Tue, 06 Mar 2007 17:52:00 +0000 http://www.doctorhousingbubble.com/new-century-down-70-after-it-announces-it-is-under-investigation-by-federal-regulators-if-you-listened-i-would-have-made-you-money/#comment-328 anon:<br/><br/>Not exactly. They'll get these loans kicked back in what is called buybacks. Essentially they'll get the asset back but keep in mind foreclosure is a long and expensive process. Not only that, once they acquire the home they'll need to unload it in a decling market.<br/><br/>Not exactly a good way to do business. Plus, places like Fremont received cease and desist orders essentially closing their doors.<br/><br/>The party is ending little by little. anon:

Not exactly. They’ll get these loans kicked back in what is called buybacks. Essentially they’ll get the asset back but keep in mind foreclosure is a long and expensive process. Not only that, once they acquire the home they’ll need to unload it in a decling market.

Not exactly a good way to do business. Plus, places like Fremont received cease and desist orders essentially closing their doors.

The party is ending little by little.

]]> By: Dr Housing Bubble http://www.doctorhousingbubble.com/new-century-down-70-after-it-announces-it-is-under-investigation-by-federal-regulators-if-you-listened-i-would-have-made-you-money/#comment-327 Dr Housing Bubble Tue, 06 Mar 2007 17:50:00 +0000 http://www.doctorhousingbubble.com/new-century-down-70-after-it-announces-it-is-under-investigation-by-federal-regulators-if-you-listened-i-would-have-made-you-money/#comment-327 Irvinerenter:<br/><br/>Sorry for that luck. There will be other companies hitting the chopping blocks in the next few months so gear up and be ready the 2nd time around.<br/><br/>Dr. Housing Irvinerenter:

Sorry for that luck. There will be other companies hitting the chopping blocks in the next few months so gear up and be ready the 2nd time around.

Dr. Housing

]]> By: Anonymous http://www.doctorhousingbubble.com/new-century-down-70-after-it-announces-it-is-under-investigation-by-federal-regulators-if-you-listened-i-would-have-made-you-money/#comment-326 Anonymous Tue, 06 Mar 2007 06:32:00 +0000 http://www.doctorhousingbubble.com/new-century-down-70-after-it-announces-it-is-under-investigation-by-federal-regulators-if-you-listened-i-would-have-made-you-money/#comment-326 With the 10 billon dollar write down of HSBC sub prime loans: Does this mean that 10 billion dollars worth of house loans went sour? If so at 200k per house, that like 50,000 houses. With the 10 billon dollar write down of HSBC sub prime loans: Does this mean that 10 billion dollars worth of house loans went sour? If so at 200k per house, that like 50,000 houses.

]]> By: IrvineRenter http://www.doctorhousingbubble.com/new-century-down-70-after-it-announces-it-is-under-investigation-by-federal-regulators-if-you-listened-i-would-have-made-you-money/#comment-325 IrvineRenter Tue, 06 Mar 2007 01:19:00 +0000 http://www.doctorhousingbubble.com/new-century-down-70-after-it-announces-it-is-under-investigation-by-federal-regulators-if-you-listened-i-would-have-made-you-money/#comment-325 In my post on Feb 28, I said I tried to short NEW but my broker wouldn't let me. Now I really, really, REALLY wish I had shorted that stock. In my post on Feb 28, I said I tried to short NEW but my broker wouldn’t let me. Now I really, really, REALLY wish I had shorted that stock.

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