Subprime Market on Wall Street a Free For All
The Wall Street Journal has an interesting story regarding the subprime mortgage aftermarket and how the big brokerage houses are investing in and protecting their investments the smaller players. The shakeout is well beyond my means to get into here so go read the market on the subprime shakeout on Wall Street.
Wall Street firms already have tentacles in almost every corner of the risky market. They bankroll subprime lenders with credit, package and sell bonds backed by their loans, and operate their own subprime lending shops. New Century alone had $8.5 billion in credit lines with four investment banks as of late last year — Credit Suisse Group, Morgan Stanley, Bank of America Corp. and UBS AG. In the past year, such firms have made a bigger push in this area, buying more subprime lenders. via WSJ.com
I like your analogy in this article. The real estate economy really is like a patient who you cannot ...
Real Estate is hyper-local. Every market is different. Phoenix has already hit bottom and is starting to recover. We have ...
Great to hear that the big boys
are predicting recovery sooner than
most think.
Thanks for the value! 
I agree--good analogy. You have to crawl before you can walk. Right now, at least in Austin, many people would ...
I live in the Philippines and I am glad we are not on the lists... 
I have a few Litograghs of Presidents homes , made by Richard V. Sebring. yr. 1990 Do they have any ...
I see the question I have, but no response. I do not have a for sale sign up ...
I'll add mine to the list too. This is happening in Kansas City, Missouri as well now.
We already knew ...
Comment by Ed on 6 March 2007:
the subprime market seems to be just like the subprime credit card business. Unless the lending institution knows how to manage the risk, they will face a similar fate as new centry. Add on top of that the wave of law suits being filed across the country and we might have a nasty economic situation here. http://www.ropenhouse.com
– ROpenHouse
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