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subprime loans
Old 12-08-2006, 09:51 AM   #1
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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. ]
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Re: subprime loans
Old 12-08-2006, 10:00 AM   #2
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Re: subprime loans

It ain't gonna be pretty...
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Re: subprime loans
Old 12-08-2006, 10:04 AM   #3
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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...........
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Re: subprime loans
Old 12-08-2006, 10:05 AM   #4
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Re: subprime loans

... will be an exciting opportunity.
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Re: subprime loans
Old 12-08-2006, 10:25 AM   #5
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Re: subprime loans

Quote:
Originally Posted by tryan
... will be an exciting opportunity.
Definately. But not for a couple of years.
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Re: subprime loans
Old 12-08-2006, 10:40 AM   #6
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Re: subprime loans

Yes, need see blood floating the street.
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Re: subprime loans
Old 12-08-2006, 02:01 PM   #7
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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
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Re: subprime loans
Old 12-08-2006, 09:37 PM   #8
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Re: subprime loans

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