Interest Rate Roundup

Thursday, July 27, 2006

Mortgage stocks getting shredded

I've been following the housing and mortgage industries for years. Just today, a major meltdown is unfolding in the big mortgage stocks. Don't know why, but several are tanking on super-heavy volume (CFC is one example). Credit worries? Dismal home sales? Stricter mortgage regulation? I don't know, but this is weird market action.


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