Quote:
Originally Posted by RP Fade
The sub-prime loan market is dead, I believe New Century bank, a leader in the sub-prime market filed chapter 7 not too long ago if I'm not mistaken. All signs point to a down cycle and a 'bursting of the bubble' so to speak. However, I wouldn't go as far as calling it a 'crash', it will be more of a pricing adjustment.
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Yeah subprime is gone. The loans were there but the payments were not. many others have went under also.