a t'entendre phev,on ne dirait que tu n'espères qu'une hypothèse:que l'apocalypse arrive...

tout le monde est d'accord pour dire qu'il va y avoir une crise mais de la a imaginer un monde en faillite.

La seule chose que l'on apprenne de l'histoire est que l'on n'apprend rien de l'histoire

a t'entendre phev,on ne dirait que tu n'espères qu'une hypothèse:que l'apocalypse arrive...

tout le monde est d'accord pour dire qu'il va y avoir une crise mais de la a imaginer un monde en faillite.

j'ai été faire un tour sur des sites alarmistes et c'est marrant on dirait que les gens s'encouragent pour dire :"ça va péter,vous allez voir ça va péter !"(drole de voir l'historique de certains messages datant de 3-4 ans) le tout avec un enthousiasme énorme

en allant voir ces sites j'ai découvert une nouvelle "tribue".interessant sociologiquement parlant.a croire que c'est devenu un hobby pour eux,voir pire... une raison de vivre.

Not so Happy New Year: Another Sub-Prime Lender Cuts its Workforce By Steve Christ

Baltimore, MD * Jackson, WY * Missoula, MT Thursday, January 4th, 2007

The New Year got off to rough start for the employees of Mortgage Lender's Network (MLN) yesterday, when the Connecticut-based sub-prime lender announced that it was no longer in the business of funding or originating loans.

MLN announced that some 1,440 employees or nearly 80% of its workforce would immediately be placed on "temporary furlough" as the company continues to struggle under the weight of "deteriorating market conditions."

Outside the company's Rocky Hill, Conn. office, hundreds of teary-eyed employees were seen leaving the complex with nothing but boxes of belongings in their hands.

The news amounted to a stunning reversal of fortune for the privately held multibillion-dollar company. In fact, the company had recently broken ground for a new $100 million Connecticut headquarters and also announced plans for major expansions into the Phoenix, Atlanta, and Philadelphia markets.

Primarily a wholesaler, the company specialized in funding sub-prime loans to the broker end of the business. But the slowdown in the housing market led to a string of defaults and late payments that ultimately forced the lender to cease its wholesale operations, which accounted for about 90% of its loans.

In a press release, CEO Mitchell Heffernan said, "Until we see that credit quality and margins return to acceptable levels we have determined that MLN needs to pause from wholesale broker originations."

This cutback is just the latest sign of trouble in the sub-prime mortgage business.

Last week another sub prime giant, Ownit Mortgage Solutions Inc., filed for Chapter 11 bankruptcy protection. Earlier in the month the company had laid off some 800 employees nationwide when it announced that it was closing its doors immediately and had no money to pay its employees.

The bankruptcy filing revealed that Merrill Lynch & Co., JPMorgan Chase & Co., Credit Suisse First Boston and other mortgage purchasers were demanding that Ownit buy back more than $165 million in loans on which borrowers had missed payments.

But the pain in the industry hardly ends there. Numerous other sub-prime lenders have closed their doors, including Harbourton Mortgage Investment Corporation (HMIC), which ceased operations on December 20.

Like Ownit, Harburton was forced to take action when it was unable to satisfactorily resolve mortgage repurchase claims asserted by investors that had purchased mortgage loans from HMIC.

Even beyond that, numerous sub-prime companies are also reportedly on the auction block, including Irvine-based Option One Mortgage, a unit of H&R Block Inc., and ACC Capital Corp., the private holding company for Ameriquest Mortgage Co. and affiliates.

Sadly, for those still employed in the business it is just a sign of things to come. Issuance of sub-prime mortgage bonds jumped from less than $13 billion in 1995 to $594 billion in 2005, according to analyst Michael Youngblood at Friedman, Billings & Ramsey Inc., with a slight dip to $521 billion expected in 2006.

Given those monumental figures it is only a matter of time before more of these risky loans begin to go into default, forcing their originators to buy them back.

The banking debacle continues.

Outside the company's Rocky Hill, Conn. office, hundreds of teary-eyed employees were seen leaving the complex with nothing but boxes of belongings in their hands.

Phev, peux-tu me dire si Colony Capital a les reins solides ?

Même si Mr Barracks a prédit la fin de la bulle immo aux USA.

quand tu as un bouton sur le nez tu dois avoir un cancer généralisé ?

Ce que tu appelles une verrue sur le nez s'appelle en langage bancaire un "credit crunch" et ceci dès à présent pour toute une catégorie de la population (les BBB) sur cet établissement... Et si MLN décide d'arrêter les prêts aux catégories BBB, je ne vois pas pourquoi la situation serait meilleure dans d'autres banques...

Connais tu les effets du credit crunch sur le marché immobilier ?