As we’re emerging from one of the worst weeks in Wall St. history, it seems clear the contagion brought forth by the subprime mortgage problems is undeniable.  According to the implod-o-meter, 258 mortgage lenders have gone belly up since 2006.  Housing prices continue to fall throughout the country pinching homeowners who greedily maxed out their [...]

Subprime delinquencies continue to increase, according to S&P.  Last month subprime delinquencies rose 7%.  Jumbo loans continued to outpace all mortgage delinquencies, which should keep a tight lid on new jumbo originations as well as the strong premium paid for those mortgages.  Signs are also growing that the subprime payment plans offered to troubled borrowers [...]

Subprime mortgage problems still have some significant legs as the share price of Fannie Mae and Freddie Mac showed today.  At one point today, shares dropped as much as 50% on the NYSE.  It does seem as if the companies will be protected from failure and completely insolvency by the US government.  However, it is [...]