Oregon Mortgages

What? Warren Buffet’s a superhero?

He’s no superhero but definitely perceived as a buinsess/financial guru (I know I’ve read his books) and now it appears that Warren Buffet could be BUYING Countrywide Wholesale. Quite interesting, I believe Mr. Buffet already has a good number of stock in the company. I guess it only makes sense for him to purchase more and become the Majority shareholder. I mean, I wouldn’t have a problem with Mr. Buffet running any company I owned. If anyone could pull your business out of a financial downfall it is him.

Countrywide’s stock apparently rose 12% with just the rumors of Warren Buffet being involved. You really have to appreciate the way one person can impact the stock market. I guess I should have bought some shares, no? It is unsure if he is going to buy part or all of the company. I would definitely say this would help them out and get them back in the right direction. The fact that if he did buy the company that alone would get people interested and we’d see their stock prices recover. I was kind of hoping they’d lose a few more dollars and then I would pick some up….way to go Warren! Definitely some good news in the mortgage world. Hopefully we’ll hear some more news over the next couple of days.

Oh and on a side note 4 more lenders have gone out of business since yesterday. Most notably BNC Mortgage and First National Bank of Arizona.