New Century's Fate

As I am reading newspaper after newspaper, news show after news show I am getting this huge feeling that things are about to change very rough in the next few months. One of the big guns NEW CENTURY MORTGAGE is about to hit the bricks. It has lost 85% of its stock in the last few days, most of its backers have dropped them and everything is pointing to Bankruptcy. If you didn't read the Wall Street Journal yesterday I HIGHLY SUGGEST you pick up a copy of it. On the main page there is an article that talks about mortgage lenders rapid rise, faster fall. Its a great read and please if anyone has any information on other mortgage lenders that I don't know that are about to go under please let me know. Thanks!

Ben

Posted Tuesday Mar 13

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