At a right price, Ricketts would look to sell but that right price is closer to $20. |
At the end, the loan is still going to be closed in person. The borrower is still going to be sitting at a closing table with representatives at all the different parties. I don't see that changing quickly, although when it comes to refinancing, things might be able to be processed on a strictly remote basis. |
For those three, there is a disconnect between what the market is willing to pay and what the companies think they are worth over the long haul. |
It's not only the day traders. |
Multi-lender sites allow you to get a good look at the rate market. (Traditionally), it has taken a lot of time and effort to find out what rates are. You'd have to go to two or three different places and possibly even fill out an application each time. |
People retreat to the sidelines, licking their wounds. The whole process is not as attractive anymore. |
The first 13 parties that walk in get those window tables. Isn't that logical and fair? I don't know how else to do it. |
There's a certain amount of people that probably got cleaned out and aren't coming back. There's nothing to entice them to come back, until the market does perform well. |
We believe there is a place of value for the (traditional) broker. We don't see everything going on to the Internet, just about 20 to 30 percent. |
We can't keep cutting maintenance of our buildings and still have programs. Things that they love have to go if they don't want to give us money. |
We were certainly surprised. It seems the worse it gets, the more people trade. |
With e-commerce, the challenge is always converting people from lookers to bookers. But in general, people are becoming more comfortable online, as systems become easier and quicker to use. |