subprime loans

[semtex]

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]

It ain't gonna be pretty...

 

[FinanceDude]

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]

... will be an exciting opportunity.

 

[brewer12345]

... will be an exciting opportunity.

Definately. But not for a couple of years.

 

[semtex]

Yes, need see blood floating the street.

 

[haha]

Yes, need see blood floating the street.

Perhaps you could provide this with your signature product?

Ha

 

[semtex]

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