I was watching the pre-market open and the news of G.E. earnings coming out substantially lower had a big impact on the market.
And what dragged G.E.’s numbers down you ask?
They cited the “inability to complete asset sales”.
What kind of assets were they trying to sell?
Mortgage related of course! The buyer reportedly could not get financing in place to complete the purchase.
Sound familiar to anyone?
I’m working on finding a 30 yr fixed for an investment property with less than 20% down right now, SIVA and 730 FICO. Like the buyers of GE’s mortgage assets, it’s tough finding the credit these days.
