Interesting, I haven't been on my computer this morning and I get back and lo and behold! the simpletons of the world(no offense) decice to buy some more of this bankrupt co. becuase mortgage application are up.
It doesn't matter if applications are up or not, NFI only offers 1 loan and it's a loan only a few can qualify for.
The loan is at 10.8%!!! If you can qualify for this loan, then you can get a 6& fixed mortgage anywhere else. In essence, no one will be aquiring this loan, hence NFI is out of business. What can you not understand?
No money to loan, can't borrow anymore money and very first margin call will sned them into insolvancy. The are in their last days and when the earnings report comes out tomoorrow you'll be sorry you ever bought this worthless co. I think most here(virtually all longs) can say that anyway.