Real estate mess, we have discussed this before , look at this.

[dumpster56]

http://www.yahoo.com/s/528901

The lenders are now in trouble.

You have got to be out of your mind to take on a huge mortgage.

 

[eridanus]

Yeah, the Alt-A lenders (between subprime and prime) are next in line.

 

[SecondCor521]

[sarcasm]Well, you couldn't have seen *that* coming.[/sarcasm]

At first the New York byline threw me -- I figured it ought to be a California company or perhaps a Washington D.C. / Virginia company. But sure enough, the company in the article is based in Irvine, CA.

"stated doc" loans, anyone?

2Cor521

 

[sgeeeee]

[dripping sarcasm]Anyone have information about how the executives of this fine lending institution will make out? [/dripping sarcasm]

 

[runchman]

All those subprimes are hurting big time. Check out NFI and LEND, same story. I was in NFI a while back, but luckily got out before the implosion.

I do wonder though which ones of these are going to survive, and if they might be a good buy right now when there is blood in the streets.... maybe toss in a little bit (very little!) of play money on speculation.

- John

 

[brewer12345]

Don't bet on any of the REITs. SOme of the otehrs will be OK.

 

[macdaddy]

Rents are still up everywhere I look...