tag:blogger.com,1999:blog-4749115770202162460.post6934092233836631978..comments2023-08-05T09:59:40.423-04:00Comments on Jim Kingsland's Financial Balderdash: Put Volumes Surges on Washington Mutual and CountrywideAnonymoushttp://www.blogger.com/profile/07411606067910659252noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-4749115770202162460.post-19683827234684541632007-03-05T13:49:00.000-05:002007-03-05T13:49:00.000-05:00but here's the good news.. they allotted a full $2...but here's the good news.. they allotted a full $200,000 towards loan losses in q4! shhh. don't tell anyone.Anonymoushttps://www.blogger.com/profile/06600639357521599493noreply@blogger.comtag:blogger.com,1999:blog-4749115770202162460.post-17050737231721815602007-03-05T13:47:00.000-05:002007-03-05T13:47:00.000-05:00Looks like their is going to be a re-adjustment of...Looks like their is going to be a re-adjustment of the PPS on Downey.Tom Gallanishttps://www.blogger.com/profile/06086475738102741094noreply@blogger.comtag:blogger.com,1999:blog-4749115770202162460.post-44751729864632383772007-03-05T13:44:00.000-05:002007-03-05T13:44:00.000-05:00That's correct. Here's a snippet from Lehman's (l...That's correct. Here's a snippet from Lehman's (laughable) research report from last week: "Assuming loan loss provisions at a run rate of $5 million per quarter, up from $2 million or less in 2005, we also forecast reserve ratio to rise from 0.44% at year-end 2006 to 0.70% by 4Q08, reflective of mid 1990s levels."<BR/><BR/>What they conveniently ignore is that the option ARM market and stated income underwriting didn't even exist ten years ago.<BR/><BR/>To put numbers to this, as of year end 2006, they have a valuation allowance of $61 million against a total loan portfolio of over $14 billion, $13.5 billion of which are negative am loans.Anonymoushttps://www.blogger.com/profile/03369360534890336692noreply@blogger.comtag:blogger.com,1999:blog-4749115770202162460.post-35570513104595540202007-03-05T13:25:00.000-05:002007-03-05T13:25:00.000-05:00Downey Saving lossess are projected to be .44% is ...Downey Saving lossess are projected to be .44% is that less than 1/2 of 1% .Did I read that correctly? IS that an error?Tom Gallanishttps://www.blogger.com/profile/06086475738102741094noreply@blogger.com