Sub Prime Mortgage Market Compared To "The Titanic"

Commentator Richard Benson makes an interesting comparison between the current state of the subprime mortgage market and the ill-fated oceanliner, The Titanic in a recent online article at GoldSeek.com.

The expected fallout includes sub-prime mortgage lenders either closing down shop or seeking bankruptcy court protection, and homeowners being trapped in a house they either can’t sell or refinance.

To read more, see Subprime Titanic Hits Iceberg: Wall Street Abandons Ship.

For a prior post on this problem, see Is The Sub-Prime Mortgage Market In Trouble?

Other Sources On This Issue:

• Lender Nightmares continue ---- the mass exodus
• Housing Market Subprime Mortgages Timebomb waiting to Explode
• Could Tremors in the Subprime Mortgage Market Be the First Signs of an Earthquake?

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