Book value per common share was $7.38 as of September 30, 2012, compared to $6.48 as of December 31, 2011.
"Without question, the low interest rates have materially benefited our mortgage segment, but significantly the percentage of our business that is purchased originated, rather than simply refinance, is approximately two times national averages. Thus, we believe that our mortgage model will be more sustainable versus its peers as interest rate normalize.”
Now, we have a real estate market that continues to make a comeback along with job gains in excess of 200,000 a month. GLTA
This will trade crazy until earnings. I am just going to wait like all of us. Lots of spammers now on the sight that I see as encouraging. Why else would they waste their time except to try to get us to have a week hand
Yes, it's great to watch your money disappear while the stock becomes the most unappreciated housing recovery play...with any luck you can break even. Meanwhile, you could have thrown your money at 85% of all other stocks in the last three months and made some money. As Newgrad would say, that's a lost opprotunity (sic). How many times have you said to yourself "well it can't go any lower" but then it does? Good luck with earnings.