InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,321.41
(
0.25%
)
US TECH 100
18,243.60
(
0.26%
)
Dow Jones
39,872.99
(
0.17%
)
Brent Oil
82.30
(
-0.18%
)
Bitcoin
70,033.47
(
-0.14%
)
Post# of 72
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Keep Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

luvtradin1

Send PM Follow Ignore
Followers 60
Posts 3042
Boards Moderated 1
Alias Born 07/21/2005

luvtradin1

Re: None

Friday, 08/24/2007 12:03:20 AM

Friday, August 24, 2007 12:03:20 AM

Post# of 72
ALFH.PK - here is another one just popped up today

Amstar mortgage company filed chapter 11, shares at .025 end of day, down substantially from recent highs, they turned their mortgage offices over to the Money Store, just to keep everyone working, however I would keep an eye on this one, here is why:

Amstar Financial is now seeking financing for two other subsidiaries in development -- insurance venture Amstar Guaranty Agency and Homes Opportunities, a company that buys foreclosed homes at a steep discount.

Looks to me like they filled the market with subprime loans and now will take advantage by buying up foreclosed real estate, what a country!!

Might make a few bucks off this one a bit down the road, keep on radar.

Link to article: http://www.chron.com/disp/story.mpl/headline/biz/5076817.html

LT

Making money from the mortgage meltdown, want to know what's hot? SUBRIME LENDERS BOARD

http://investorshub.advfn.com/boards/board.asp?board_id=10112

My opinions are not investment advice. Form your own conclusions, do not rely on mine.

Public Reply Private Reply New Post
Keep Last Read
Keep Last Read Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up