Wow! I’m surprised.

I figured World (Wachovia) would be the last company to eliminate the neg am loans.

I’m sure it’s become increasingly difficult to determine recast points when homes are declining in value across the country. It has to be tough to monitor that in as many markets as they have had to.

Thanks for the update Mike!

great comment Russell, its all a matter of time that the fixed income elderly ladies find out what some broker did to them, and then we need to come up with new ideas that will help them from lossing thier homes.