Subprime Mortgage Lender's Stock Price Gets Hammered by Company mortgage

Tue, 03 Apr 2007 02:00:04 -0400

Subprime Mortgage Lender's Stock Price Gets Hammered

by Company mortgage @ Tue, 03 Apr 2007 02:00:04 -0400
This comes at time when "subprime mortgage lenders are struggling with rising delinquencies and defaults, as slowing home price appreciation makes it more difficult to refinance. Lending margins have narrowed, and investors are forcing ...