Sunday, March 11, 2007

Support Your Local Analyst

Crisis Looms in Market for Mortgages

On March 1, a Wall Street analyst at Bear Stearns wrote an upbeat report on a company that specializes in making mortgages to cash-poor homebuyers. Last week, the company said it would stop making loans and needed emergency financing to survive. The stock collapsed to $3.21.

Posted by daintydiana @ 03:42 PM (478 views)
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