June 29, 2009


  • Very positive start. Community First is smart to focus on getting checking accounts as they are often many times more profitable than loans. Unfortunately, this will change when Courtsey Pay is banned later this year. In addition, loan defaults start at around 10 to 12 months and continue for the next 20 to 24 months. Studies show that refinace loans default at a higer rate than other loans Lets look back at this strategy in another 18 months. I hope I am wrong, but I suspect we will seei a different picture.