Doom: Key US mortgage lender collapses - Contractor UK Bulletin Board

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HairyArsedBloke replied

13 July 2008, 11:04
Echo ..........
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Waldorf replied

13 July 2008, 09:15
The bright side is that this is good news for first time buyers!

To be honest the housing market has been too high for too long and a correction has long been due.

The way I look at it, if my house falls by 20%, the next house I want will also fall by 20% (I hope!) so that is fine.

People with 100% mortgages may not feel the same way!
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Bright Spark started a topic Doom: Key US mortgage lender collapses

13 July 2008, 09:07
Doom: Key US mortgage lender collapses

I love the smell of doom on a sunday morning ......

http://news.bbc.co.uk/1/hi/business/7503109.stm

Key US mortgage lender collapses

One of the largest US mortgage lenders, the California-based
IndyMac Bank, has collapsed amid a growing credit crisis
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