Being Exposed Has Investors Singing Mortgage Blues
This is just one of our articles referencing the financial crisis, crash of the housing market, subprime, and more:
The old saying ‘you are known by the friends you keep’ is coming back to haunt some investors as exposure to their friends coninues to punish mortgage stocks. A few million here and a few billion there – it is still a bad idea to expose yourself in public these days.
Anworth Mortgage Asset Corp’s shares fell 19 percent to close at $4.85 as investors widely punished mortgage-related stocks. And the shares of RAIT Financial Trust, whose investment portfolio includes $4.3 billion in mortgage loans, fell 23 percent on concerns over its exposure to bankrupt American Home Mortgage. On July 31, RAIT reported net equity exposure of about $95 million to American Home.
More Mortgage Crisis Articles Like This One
- Countrywide Financial Singing Mortgage and Bankruptcy Blues
- Luminent Mortgage Capital Singing the blues
- Citigroup unit and Deloitte are sued over American Home
- Stocks see Black Friday on mortgage blues, down 366.94
- Subprime Mortgage Blues Spread to Prime Loans
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