Wednesday, February 28, 2007

Santa Cruz Sentinel - "Jeffrey Scharf: Jump in foreclosures could be the beginning of a trend" (2-25-07)

"Sub-prime mortgage lenders are dropping like flies. According to The Wall Street Journal, at least 20 sub-prime lenders have closed or filed for bankruptcy. Solvent lenders are also feeling the pain. Novastar Financial, HSBC Holdings, H&R Block and Accredited Home Lending have reported huge losses on sub-prime loans. The only mystery is why this comes as a surprise."
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1 comment:

Anonymous said...

Here is an after the fact stock tout .. ha ha..

Citibank just bought 5% of NEW, maybe they KNEW something we don't

Bear Stearns just upgraded NEW.

So why are these facts new to you about NEW ... I mean who KNEW?

Why? because you have to dig for the truth ... so called reporters just copy off each other and really tell you nothing new about NEW.

The NEW..ees is that NEW maybe a buy. Why do I say this .. because I own NEW and so should YOU !!!

4:54 AM

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