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Blog Archive
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2007
(289)
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February
(24)
- Update on Ivanhoe Mortgage
- Central Valley Prices Down 3.5% YOY
- Good News Realty
- Ivanhoe Mortgage
- More sharks smell blood
- "Central Valley has two of the nation’s ten least ...
- "Feds take over credit union"
- TIMBERRRRRRRRRRRRRRRRRRRRR!
- Subprime Blowup Wave #2?
- Wasco and Lamont the place to invest?
- "The local housing market is hibernating"
- January sees jump in foreclosures
- "The Perfect Storm..." - Hold on a second!
- Looks like the sharks smell blood
- $3,700,000
- Lenders Direct Capital Corp Closes Wholesale Lending
- NEW
- Subprime Meltdown Summary and a few new rumors!
- Final 2006 Permit Numbers
- Net Bank
- FB
- Confirmation
- MCCA Mortgage Capital
- Survey: Half of consumers say housing price collap...
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February
(24)
3 comments:
U.S. stocks close lower as HSBC warns on lending
"It has been very unusual in recent years for a major bank to issue a profit warning, especially related to deteriorating credit quality, so this announcement will generate plenty of headlines," said Simon Adamson, a banking analyst at CreditSights, in a note.
HSBC's warning put pressure on other financial services companies' stocks and could also restart the debate as to whether a cooling housing market's woes will spill over into the broader economy.
Declining wealth from home values threatens to hit consumption. And "the quality of job creation is poor, replacing manufacturing jobs with service jobs, which is not creating a big enhancement to consumer demand," said Robert Smith, director of portfolio strategy at Smith Affiliated Capital."
Another subprime lender whore goes down the drain.
Wow. Never saw that coming ;)
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