Early Retirement Forums

Go Back   Early Retirement Forums > General > FIRE and Money





Reply
 
Thread Tools Search this Thread Display Modes
Old 12-08-2006, 09:51 AM   #1
semtex
Recycles dryer sheets
 
Join Date: Jul 2006
Posts: 181
subprime loans


quote from FT article
[Ownit Mortgage Solutions,a small Californian mortgage lender , in which Merrill Lynch has a 15 per cent stake, closed its doors yesterday.

Moody’s put a handful of 2006 subprime deals on watch for downgrade – the first negative ratings activity for bonds originated in these years.

HSBC, the third-biggest bank, has announced bad debts are rising in its US mortgage business. ]
semtex is offline   Reply With Quote
Old 12-08-2006, 10:00 AM   #2
brewer12345
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
brewer12345's Avatar
 
Join Date: Mar 2003
Posts: 9,248
Re: subprime loans

It ain't gonna be pretty...
__________________
“When you realize that you are one of the rare few who observe moral principles in their relationships with others, there is a temptation to sink into amorality, not out of conviction or pleasure but simply to avoid further pain, because there is no greater suffering than being an angel in hell, whereas a devil feels at home wherever he goes.” – Martin Page, How I Became Stupid
brewer12345 is offline   Reply With Quote
Old 12-08-2006, 10:04 AM   #3
FinanceDude
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
FinanceDude's Avatar
 
Join Date: Aug 2006
Posts: 7,411
Re: subprime loans

Bad debts rising in the mortgage industry?? The horror, maybe folks should have read the fine print before they signed that 3-year ARM on a house they could barely afford...........
__________________
Consult with your own advisor or representative. My thoughts should not be construed as investment advice. Past performance is no guarantee of future results (love that one).......:)

President Obama, please know that I will continue to cling to my guns and religion........:)
FinanceDude is offline   Reply With Quote
Old 12-08-2006, 10:05 AM   #4
tryan
Thinks s/he gets paid by the post
 
tryan's Avatar
 
Join Date: Mar 2005
Posts: 1,459
Re: subprime loans

... will be an exciting opportunity.
__________________
FIRE'd since 2005
tryan is offline   Reply With Quote
Old 12-08-2006, 10:25 AM   #5
brewer12345
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
brewer12345's Avatar
 
Join Date: Mar 2003
Posts: 9,248
Re: subprime loans

Quote:
Originally Posted by tryan
... will be an exciting opportunity.
Definately. But not for a couple of years.
__________________
“When you realize that you are one of the rare few who observe moral principles in their relationships with others, there is a temptation to sink into amorality, not out of conviction or pleasure but simply to avoid further pain, because there is no greater suffering than being an angel in hell, whereas a devil feels at home wherever he goes.” – Martin Page, How I Became Stupid
brewer12345 is offline   Reply With Quote
Old 12-08-2006, 10:40 AM   #6
semtex
Recycles dryer sheets
 
Join Date: Jul 2006
Posts: 181
Re: subprime loans

Yes, need see blood floating the street.
semtex is offline   Reply With Quote
Old 12-08-2006, 02:01 PM   #7
haha
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
haha's Avatar
 
Join Date: Apr 2003
Location: Seattle
Posts: 8,473
Re: subprime loans

Quote:
Originally Posted by semtex
Yes, need see blood floating the street.
Perhaps you could provide this with your signature product?

Ha
__________________
"Show 'em just enough to win the turkey."- Former KY Governor Bert Combs
haha is offline   Reply With Quote
Old 12-08-2006, 09:37 PM   #8
semtex
Recycles dryer sheets
 
Join Date: Jul 2006
Posts: 181
Re: subprime loans

Ha,
Maybe more efficient, powful , CDS something. The street is poping out many new products.
semtex is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off
Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
Will Subprime Foreclosures Spread? Retire Soon FIRE and Money 64 03-22-2007 10:34 AM
Alternative investment: Private mortgage loans calmloki FIRE and Money 31 03-19-2007 11:03 AM
401k Loans rogerc1944 FIRE and Money 13 02-17-2007 03:12 PM
Stinkin Student Loans Deetso Young Dreamers 15 01-04-2007 10:07 AM
pay your student loans Martha FIRE and Money 27 12-24-2005 01:06 PM


All times are GMT -6. The time now is 07:15 AM.

Other Social Knowledge forum communities:
Cooking Forum - Sailing Forum - Early Retirement - Airstream Trailer - Aquarium Forum - Royal Forum - Book Forum - Volkswagen Touareg Forum - Jeep Wrangler Forum - Whitewater Kayaking & Rafting Forum - Fiberglass RV Forum - RV Forum - Truck Conversion - U2 Music Forum
Social Knowledge Networks
Powered by vBulletin® Version 3.7.2
Copyright ©2000 - 2008, Jelsoft Enterprises Ltd.
Search Engine Friendly URLs by vBSEO 3.2.0