subprime loans

semtex · 12-08-2006, 09:51 AM

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. ]

brewer12345 · 12-08-2006, 10:00 AM

It ain't gonna be pretty...

FinanceDude · 12-08-2006, 10:04 AM

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...........

tryan · 12-08-2006, 10:05 AM

... will be an exciting opportunity.

brewer12345 · 12-08-2006, 10:25 AM

Quote:

Originally Posted by tryan

... will be an exciting opportunity.

Definately. But not for a couple of years.

semtex · 12-08-2006, 10:40 AM

Yes, need see blood floating the street.

haha · 12-08-2006, 02:01 PM

Quote:

Originally Posted by semtex

Yes, need see blood floating the street.

Perhaps you could provide this with your signature product?

Ha

semtex · 12-08-2006, 09:37 PM

Ha,
Maybe more efficient, powful , CDS something. The street is poping out many new products.

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. ]

12-08-2006, 10:00 AM	#2
brewer12345 Give me a museum and I'll fill it. (Picasso) Give me a forum ... 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

12-08-2006, 10:04 AM	#3
FinanceDude Give me a museum and I'll fill it. (Picasso) Give me a forum ... 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........:)

12-08-2006, 10:05 AM	#4
tryan Thinks s/he gets paid by the post Join Date: Mar 2005 Posts: 1,459	Re: subprime loans ... will be an exciting opportunity. __________________ FIRE'd since 2005

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.

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.

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