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
AMC - American Mortgage Acceptance http://www.americanmortgageco.com
ANH - Anworth Mortgage Asset Corp. http://www.anworth.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..."
FBC Flagstar Bancorp Inc.
FHN First Horizon National Corp
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"
MTB - M&T Bank Corp . http://www.mandtbank.com
NCC - National City Corp. http://www.nationalcity.com
SLM - Sallie Mae
SOV - Sovereign Bancorp
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.
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