Thursday, April 15, 2010
Boom times part 2 – Paragon shares rocket
"The reason for that recent spike? Speculation that the buy-to-let mortgage specialist, which has been in run-off for the past couple of years, is poised to start lending again. Thatâ€™s right, a buy-to-let mortgage lender, which relies on the wholesale and securitisation markets to do its business, is about to start new lending." this quote from FT Alphaville - http://ftalphaville.ft.com/blog/2010/04/15/203451/the-return-of-the-other-northern-rock/ Echoes of the heady bubble mania days.