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


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    Default Doom: Key US mortgage lender collapses

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

    http://news.bbc.co.uk/1/hi/business/7503109.stm


    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


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    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!

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    Default

    Echo ..........

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