[stephenjohnbanker]

ROTF! If yuzz got any mortgage stock, dump it. Here come the foreclosures!

[AdamSelene235]

ROTF! If yuzz got any mortgage stock, dump it.

Actually, I would suggest dumping it even if you don't own it.

[ex-Texan]

Stocks fell all over the world today. Money moves globally. The U.S. is connected to everything, everywhere. Major home builder stocks are getting hammered. [Learn More?] It will get worse sooner than later. Mortgage lenders are already laying off thousands of people. Ameriquest closed all 290+ state offices last month. The company engineered a settlement for pennies on the dollar in a huge class action for bilking homeowners. The former CEO retired with a golden parachute. He was a major donor to both political parties. He also worked out an ambassadorship appointment from GWB.

Isn't it nice to have money?

[finnman69]

yup, foreclosures galore

http://patrick.net/housing/crash.html

[finnman69]

yup, foreclosures galore

http://patrick.net/housing/crash.html
Tue Jun 6 2006 Orders Down Sharply on Lower Demand, Higher Cancellations (yahoo.com)
Tue Jun 6 2006 Builders offer purchase incentives (tracypress.com)
Tue Jun 6 2006 Implosion (forbes.com)
Tue Jun 6 2006 Financial Kryptonite in a "Super-Strength" Housing Market (Charles Hugh Smith)
Tue Jun 6 2006 The housing market's big chill (snl.com)
Tue Jun 6 2006 Exotic mortgages remain popular despite increasing risks (marketwatch.com)
Tue Jun 6 2006 Proposed $3 billion Las Vegas development scrapped as market softens (msn.com)
Tue Jun 6 2006 Foreclosures go up sharply in AZ (azstarnet.com)
Tue Jun 6 2006 Houses Aplenty in Las Vegas (reviewjournal.com)
Mon Jun 5 2006 Vegas housing: not too hot anymore (csmonitor.com)
Mon Jun 5 2006 Property market set to slump (physicsweb.org)
Mon Jun 5 2006 Kansas foreclosures soar during year (ljworld.com)
Mon Jun 5 2006 Foreclosure investors reap gains (statesman.com)
Mon Jun 5 2006 Foreclosures up 32 percent in first quarter (rockymountainnews.com)
Mon Jun 5 2006 Beware of Cooling the Housing Market (ladowntownnews.com)
Mon Jun 5 2006 Observations On California Housing June 2006 (Jas Jain)
Mon Jun 5 2006 The Rise and Fall of Real Estate Prices (move.com)
Mon Jun 5 2006 Time to manage expectations as NY market dips (therealdeal.net)
Mon Jun 5 2006 Sacramento Owners Turn to Short Sales to Avoid Foreclosure (news10.net)
Mon Jun 5 2006 China: "Don't Buy a House for Three Years" (washingtonchinareview.org)
Mon Jun 5 2006 Bush Boom is now a whimper (philly.com)
Mon Jun 5 2006 House resale prices take dip (denverpost.com)
Mon Jun 5 2006 Losing the house (fortwayne.com)
Mon Jun 5 2006 Pinch of adjustable-rate loans felt (novatoadvance.com)
Mon Jun 5 2006 Pulte Homes cuts outlook on cooling housing market (reuters.com)
Mon Jun 5 2006 Mortgage rates shoot up on inflation fears (cnn.com)
Mon Jun 5 2006 Bay Area trophy properties on the market for years (sfgate.com)
Mon Jun 5 2006 In debt's shadow (dispatch.com)
Fri Jun 2 2006 Housing Troubles? Bank on It (redorbit.com)
Fri Jun 2 2006 Southern Nevada economy: Housing slowdown felt locally (reviewjournal.com)
Fri Jun 2 2006 Misconception: Renting is for Suckers (investorgeeks.com)
Fri Jun 2 2006 House building, manufacturing index slide (sacbee.com)
Fri Jun 2 2006 Foreclosure equity not even enough for the vultures (lvbusinesspress.com)
Fri Jun 2 2006 Mortgage rates shoot up on inflation fears (cnn.com)
Fri Jun 2 2006 Construction, manufacturing activity fall (businessweek.com)
Fri Jun 2 2006 Price gains vanish, to be replaced by losses (graph by Jas Jain)
Fri Jun 2 2006 We have seen prices drop as much as 30% (biz.yahoo.com)
Fri Jun 2 2006 Lumber prices drop as U.S. house market stalls
Thu Jun 1 2006 'For Sale' signs pepper Florida neighborhood (heraldtribune.com)
Thu Jun 1 2006 Flippers beware: the market has peaked (tampabay.bizjournals.com)
Thu Jun 1 2006 Massachusetts foreclosures surge (lowellsun.com)
Thu Jun 1 2006 Foreclosures: '80s vs. '06 (dallasnews.com)
Thu Jun 1 2006 Housebuilders Edge Down (chron.com)
Thu Jun 1 2006 Mortgage demand dips as 30-year rate hits 4-year high of 6.66% (usatoday.com)
Thu Jun 1 2006 Fed Minutes Released (nalert.blogspot.com)
Thu Jun 1 2006 Prospering in the housing bust (msnbc.com)
Thu Jun 1 2006 Fed in a Quandary (Mish)
Thu Jun 1 2006 Construction Defects: The Flood to Come? (Charles Hugh Smith)
Thu Jun 1 2006 Foreclosure Hot Spots (forbes.com)
Thu Jun 1 2006 Prefab-house gains signal housing pain (msnbc.com)