RE:RE:RE:RE:Burning the furniture to heat the houseWell...
You skipped over my quetsion about the mortgage quality.
The whole people have trouble getting mortgages from the main banks doesn't really paint a nice picture as to the quality of assests HCG is after...
The sale most def got rid of the highest quality loans leaving them with poorer ones (they have 0 leverage to keep the better quality loans)
And if rates increase combined with a cooling housing market, the picture looks worst and worst for this company, not better...
Rates going up won't bring good buisness to HCG, it's going to bring more bad quality financial assets on top of the ones they'll be left with...
I really think the picture you're painting is off from every angle...