Doom: Key US mortgage lender collapses Doom: Key US mortgage lender collapses
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  1. #1

    Fingers like lightning

    Bright Spark has no reputation

    Join Date
    Feb 2007

    Default Doom: Key US mortgage lender collapses

    I love the smell of doom on a sunday morning ......

    Key US mortgage lender collapses

    One of the largest US mortgage lenders, the California-based
    IndyMac Bank, has collapsed amid a growing credit crisis

  2. #2

    Contractor Among Contractors

    Waldorf is a permanent contractor

    Join Date
    Nov 2006


    The bright side is that this is good news for first time buyers!

    To be honest the housing market has been too high for too long and a correction has long been due.

    The way I look at it, if my house falls by 20%, the next house I want will also fall by 20% (I hope!) so that is fine.

    People with 100% mortgages may not feel the same way!

  3. #3


    HairyArsedBloke is good enough for Jehovah!

    HairyArsedBloke's Avatar
    Join Date
    Feb 2007
    Pining for the tropics


    Echo ..........

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