True enough. This company is not exactly shareholder friendly at this point with little in the way of updates but I am still looking at this as a very speculative long-term play. Bought my shares sub $1 and missed my exit in the 4, 5 or 6 dollar range that one spike. Now just being greedy and hoping for a home run. Good Luck NY.
talk about an unstable sector....funny thing one bill or one (long term)tax break could turn this thing around substantially. My only guess is that they still want to shake the small hands out. hopefully we are all right and IMH wont be one of those "small hands"
The prior underwriting standards are pretty tough now. The standards are probably fair in good times but these are tough times. It is a catch 22. I just got a loan and they would only give me 75% of a renter's payment even though they have paid it for over 9 months. It used to be you could lie and it was the truth. Now you give the truth and they won't accept it. Hopefully, rates can stay low for awhile and let the bulls win the war of attrition that is housing. Then IMH could be back. It is awhile off probably.