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  1. Yikes Biff, I hadn’t looked at that yet today. Let’s just say I’m really relieved that I sold most of my WFC back when it peaked. I only have a little left and it seems to be getting ever littler as we speak.

  2. DAVE- I’ve spent the past 2 months getting everyone approved and doing the CEMAs, Subordinations, Condo approvals, etc… They are just all about done and now rates are heading lower and the Home Affordable Program is here. Looking at 10-15 closings in the next 2 weeks. I’m just grateful that my clients have been patient. CEMAs are taking 4 weeks and subordinations (ahem Chase) are taking 6 weeks. I advised my cleints to float while approving them. This way they wouldn’t have had to pay for rate extensions because very few in NYC are closing in 30 days. The big lenders are at crazy turntimes 60-90 days.

    I think we are at the beginning of the new refinance boom. Want to talk later today?

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