Quote:
Originally Posted by saverbootay
Flagstar is down to 3%. Sheesh, they're dropping like flies.
I wonder how DollarSavings can keep offering 4%. They must've written some pretty bad loans....  |
As all the banks that wrote alot of bad one are dropping their rates like a rock maybe they wrote some pretty good ones or the did not write any at all. Best way to find out is to research Emigrant Bank of NYC and see what they did during the heyday of the bubbles.
Alternatively maybe Emigrant just did not get as healthy a cut of free taxpayer dollars so they have to get their capital the old fashion way, by offering market leader rates.
Anybody know the scoop on Emigrant (Dollar Savings Direct is a division of Emigrant who also owns EmigrantDirect)