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April 29, 2007

4

Subprime Home Mortgage Lenders in Big Trouble

by Bob Schwartz

Wall Street Insiders speculated that New Century Financial, second in subprime market share to CountryWide, may be forced to file for protection from creditors under Chapter 11 of the federal Bankruptcy Code unless it can find a suitor or sell assets soon.[tage]subprime loans,mortgage loans,home loans,real estate[/tags] Palermo San Diego

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4 Comments
  1. San Diego hotel rates
    Apr 29 2007

    This will soon reach the major home loan lenders. San Diego hotel rates

  2. gold prices
    Apr 29 2007

    If this gets bad, it could be the factor that starts a big stock market decline. Many large banks that buy these loans will be affected & thereby cause their share prices to fall. San Diego CA hotels

  3. San Diego C21 agent
    Apr 29 2007

    Great real estate blog. You really do not pull any punches! Keep up the reporting! San Diego century 21 agent

  4. legal advice
    Apr 29 2007

    These subprime loans are already causing a rise in bankruptcy filings. legal advice library

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