Living in a Bubble? a massive housing bubble: #msg-26227381 Subprime lenders have been both blessing and bane in the housing industry for many years, enabling lenders to rake in huge profits while saddling consumers with exorbitant loan terms and high interest rates. Now, as the housing market slows to a crawl, many subprime lenders are collapsing faster than homes made of substandard materials, and the signs point to even more pain in the housing market as a result
AHMIQ AMOA ANH C CFC DFCLQ ETFC FBC FHN FMNT FMT FRE HCM IDMCQ IMB IMPM KFN LUMCQ MTB NOVS RAMR SLM SOV TARRQ THMR WB WAMUQ WFC
AHMIQ - American Home Mortgage #board-9990 http://www.americanhm.com
AMC - American Mortgage Acceptance http://www.americanmortgageco.com
ANH - Anworth Mortgage Asset Corp. http://www.anworth.com
BAC - #board-6675 Bank of America, "...the second-largest U.S. bank..." http://www.BankofAmerica.com "...the nation's biggest credit card business..."
C - Citigroup Inc. #board-428 "Citigroup, the biggest bank in the United States" http://www.citigroup.com
CFC - Countrywide Financial Corp. #board-9998 ".. the biggest U.S. mortgage lender..."
http://www.countrywide.com "...originated one out of every six residential mortgages..."
DFCLQ - Delta Financial Corp. #board-1894 http://www.deltafinancial.com
ETFC - E TRADE Financial Corp. #board-10096 http://www.etrade.com
FBC Flagstar Bancorp Inc.
FHN First Horizon National Corp
FMNT - Fremont General Corporation #board-10062 http://www.fremontgeneral.com
FNM - Fannie Mae "Together Fannie Mae and Freddie Mac own or guarantee about 40 percent of the $11.5 trillion US home loan market." "Fannie, the No. 1 financer and guarantor of U.S. home loans"
FRE - Freddie Mac "Freddie Mac, the second-largest source of money for U.S. home loans behind Fannie Mae"
HCM - Hanover Capital Mortgage Holdings Inc. #board-10080 http://www.hanovercapital.com
IMB - IndyMac Bancorp Inc. #board-10092 http://www.indymacbank.com "IndyMac, the nation's ninth largest originator of mortgages" "the second-biggest independent mortgage company"
IMH - Impac Mortgage Holdings #board-10019 http://www.impaccompanies.com
KFN - KKR Financial Corp. #board-10088 http://www.kkrfinancial.com
LEND - Accredited Home Lenders Holding Co #board-8673 http://www.accredhome.com
LUM - Luminent Mortgage Capital Inc. #board-9991 http://www.luminentcapital.com
MTB - M&T Bank Corp . http://www.mandtbank.com
NCC - National City Corp. http://www.nationalcity.com
NOVS - NovaStar Financial Inc. #board-6258 http://www.novastaris.com
RAMR - RAM Holdings Ltd. #board-10081 http://www.ramre.bm
SLM - Sallie Mae
SOV - Sovereign Bancorp
October 13, 2008
Banco Santander, S.A. (NYSE: STD) and Sovereign Bancorp Inc., ("Sovereign") (NYSE: SOV), parent company of Sovereign Bank ("Bank"),
announced today that Banco Santander will acquire Sovereign in a stock-for-stock transaction. Santander currently owns 24.35% of Sovereign's
ordinary outstanding shares.
TARR - Tarragon Corp. #board-5951 http://www.tarragoncorp.com
TMA - Thornburg Mortgage Inc. #board-10082 http://www.thornburgmortgage.com
WB - Wachovia Corp. #board-6206 "...the nation's fourth-largest bank..." http://www.wachovia.com
WM - Washington Mutual Inc. #board-11133 "..the largest U.S. savings and loan.."
"...The nation's second-largest mortgage lender in 2003, WaMu dropped to sixth place last year..." http://www.wamu.com
WFC - Wells Fargo & Company #board-6335 "...the nation's fifth largest bank..." "...Wells Fargo made more than $200 billion in home loans from January to September in 2007, making it the second largest home loan lender, following Countrywide Financial, which is cutting 12,000 jobs after losing $1.2 billion in the third quarter..."http://www.wellsfargo.com
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A dollar crisis leading to a depression... http://www.youtube.com/v/HTkPYnNmOBM
Mortgage Meltdown of 2007 - The Perfect storm http://www.youtube.com/watch?v=oGQT9LGL6u0
SIV's explained, lol http://www.youtube.com/watch?v=SJ_qK4g6ntM
Bond (CDO) insurance companies (ABK MBI ACAH SCA)
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Solar Stocks #board-11148
Peak Oil #board-6609
Real Estate Bubble #board-7285
Subprime Fallout #board-10886