tag:blogger.com,1999:blog-7116655923089210472.post2368954576845350382..comments2023-08-25T17:49:44.412-07:00Comments on Thoughts of a Sensible Mortgage Banker: Countrywide Seeks Cash.The Editorhttp://www.blogger.com/profile/10962625735760822645noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-7116655923089210472.post-41794736743220370552007-08-22T17:22:00.000-07:002007-08-22T17:22:00.000-07:00My credit union has a 9 month multiple-add on (i.e...My credit union has a 9 month multiple-add on (i.e., if I start out with $10,000, I can add on additional $10K during the life of the CD to the balance) CD at 5.31%, just .04% less than the Countrywide product.<BR/><BR/>Let's see: Countrywide: 10K minimum opening balance, straight CD, OCTFCU: 500 minimum opening balance, add-on feature. I think that I'll stick with the credit union for now.Donhttps://www.blogger.com/profile/08437818869878209929noreply@blogger.comtag:blogger.com,1999:blog-7116655923089210472.post-83770791332154637662007-08-21T22:10:00.000-07:002007-08-21T22:10:00.000-07:00Fascinating analysis, that this would force a retu...Fascinating analysis, that this would force a return to conservative lending.<BR/><BR/>I'd keep it under $100K, but if T-bills are still paying below 3% I might consider a Countrywide CD.Westside Bubblehttps://www.blogger.com/profile/03383559105050069002noreply@blogger.comtag:blogger.com,1999:blog-7116655923089210472.post-194338448312693272007-08-21T21:55:00.000-07:002007-08-21T21:55:00.000-07:00http://www.themortgagereports.com/2007/08/randy-wo...http://www.themortgagereports.com/2007/08/randy-woolridge.html<BR/><BR/>A blogger talks about this, it seems like they are taking a do or die risk but if they die we all pay the bill through the Federal Gov't bailout.<BR/><BR/>Where I think this logic fails is that the Fed takes collateral for the money they lend, so I dont think we are in as much risk as the blogger on the above link thinks we are.<BR/><BR/>CalAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7116655923089210472.post-61586394246897215042007-08-21T20:56:00.000-07:002007-08-21T20:56:00.000-07:00Not a chance. But there are probably plenty of fo...Not a chance. But there are probably plenty of folks who will once the CD rate ratchets up. "It's insured so. . . what the hell"<BR/><BR/>KwarkAnonymousnoreply@blogger.com