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PulteGroup, Inc. Message Board

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  • davebugs davebugs Feb 7, 2011 12:26 PM Flag

    This is not helpful...NYT article

    He's saying that PHM shouldn't be in the business of writing crappy(loans to the same folks that Freddie/Fannie) wrote loans to with those kinda of terms.

    That shouldn't be their business.

    Nothing but headaches.
    Absolutely no advantage to writing them, and that should be pretty obvious to management after the recent market fiasco.

    So yea - the highlights say the lady got screwed.

    Now some lawyer will make more money on the deal than she will and PHM will pay.

    The key point is that PHM shouldn't have been playing with the lady in the first place.

    "all business is not necessarily good business"

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