The subprime tsunami has swallowed sixty-seven (67) US mortgage lenders

April 30th, 2007|by Michael Ashley Schulman, Perspectives, The Big Picture, Writers|

Shutdown, bankrupt or no longer operating independently, the subprime tsunami has swallowed sixty-seven (67) US mortgage lenders since late 2006. The tempest has hit home builders too; Toll-Brothers, Lennar, and Shea are stepping up promotions and discounts in the face of lower sales and a high numbers of customers walking away from their commitments. Banks […]