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Strategies & Market Trends : Ask DrBob

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To: Drbob512 who started this subject1/7/2003 1:05:58 PM
From: herry iball  Read Replies (1) of 100058
 
Home Foreclosures at Record High--Bankers
biz.yahoo.com
Tuesday January 7, 12:42 pm ET
By Mark Felsenthal

WASHINGTON (Reuters) - U.S. home loans in foreclosure edged up to a record level in the third quarter of 2002 as the weak economy forced a larger portion of mortgage holders out of their homes, a mortgage trade group said on Tuesday.

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Seems like there should be a shorting opp here for those that carry the credit risk (mortgage insurers?)

Don't know enough about the industry to make any suggestions.
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