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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: TheStockFairy who wrote (90353)4/5/2001 11:23:37 AM
From: J. P.  Read Replies (3) of 436258
 
On the real estate front...seems billy bob sixpak feeling the effects of this downturn...

An article on TSC, quick summary: Canseco took a big gamble on securitizing mobile home loans, something like 26 billion out of 46 billion in total debt issued by them, and that bet seems to be going south on loan defaults...

Conseco Loan Numbers Undercut Turnaround Talk

New loans are going bad faster than those made under the discredited ex-management.

thestreet.com
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