I did all the time for a while. I found my pistols were too large and cumbersome when working out in the fields--I needed something smaller than a 1911 or six-gun. I'm too cheap to buy a .22 for around here, even though that's what I really need. Most everything I have that's a shooter is either a 44 or 45. For off-premise carry I have a 1943 Mouser HSc 32 ACP pocket pistol. It's no good for field work; not accurate enough for varmints; but good for carry being small, reliable and DA for first round.
NFI has branches in selected states and other originating brokers. NFI adds these loans to their portfolio or packages them and sells the loans(and they buy 'packaged loan')...as far as the 'swaps & LIBOR" If hill can't put it simply, be sure I can't.
NFI increased the rate in their last monthly production on the loans by 10 basis points. NFI is heavy in ARM's. As rates rise(after the 2yr or 5yr 'fix' or lock) so will the "coupon" or interest payment to NFI.
NFI is a 'non conforming' lender to the sub-prime borrower of less than 300K owner occupied single family homes(for the most part)...
...I could go on but let me conclude with two thinks that impress me most; NFI has a branch locally, and a resent press release stating NFI goes so far as helping delinquint out of work clients find jobs so they can pay their "due".
Simply NFI is a money lender...and so far from a shareholders point of view they seem to be at or next to the top.
Let's hope NFI doesn't drop a 'stinking' bomb at earnings or on the CC.
I was among those that was disappointed last quarter when NFI suspended the DRIP. I was glad to see it reinstated.
Well if collecting 1.40 Nov 22 is like the dot.com bring it on. This company unlike dot.com will ride the cycle which will correct. Q1 next yr or when and the mean time shareholders collect while we wait. Gee Lucent, SUN and EMC dividends never came