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crooner

04/11/08 12:39 PM

#50478 RE: Cahalane99 #50477

I'm more concerned with the next 14 years :)
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DEMO P2

04/11/08 12:45 PM

#50480 RE: Cahalane99 #50477

well MERL is NOW RELM if you go to the RELM website you would have seen an update... but you are too busy trying to come up with questions to post here i bet.

ICCC - HCPC released 2 SEC docs which showed some activity as well.

HAHAHAHAHAH.. your funny

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DEMO P2

04/11/08 12:46 PM

#50481 RE: Cahalane99 #50477

man your questions crack me up. relm just does a website update and you ask that question?? clueless comes to mind.
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Austinluv

04/11/08 1:31 PM

#50497 RE: Cahalane99 #50477

If I may answer...I've been wondering that myself. I read DD here regarding about 26 loan applications that they company was either working on or holding for a correction in the market. 5 or 6 of them dropped out, right guys? And they still have a stack of applications they are working on for the bcloc program.

My thought was that the applicants were forced to wait for a while while the market corrected itself. Interest rates started climbing a couple of years ago, and the financiers knew it was coming months before (that's probably why so many financial co.'s started marketing the subprime loans...they knew prime was going to go up soon.) I'm just guessing that this is why the bcloc didn't take off a couple of years ago. somewhere in there is the answer...it was the right concept at the wrong time.

Before that, wasn't hcpc into retail mortage? (sorry if i don't use the correct verbage) Perhaps they have been doing business, but not the commercial lending they are into now, which is what we are buying into now.

Anyway, they haven't been spinning their wheels since 1994. They've just changed their game plan to a more secure market...out of home mortgages and into securitized commercial lending. They will only lend on income-producing properties now, in other words.