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Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 232.37

-0.9%

Dec 3 3:59 PM EST

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To: H James Morris who wrote (143524)	7/2/2002 8:38:24 AM
From: Ted The Technician	Read Replies (1) of 164684

What should an investor in mortgage lenders look out for? Regional banks might still be a good bet right now. But how does one know if we're in a bubble? There was this one case back in the mid 90's whereby a group of real estate brokers, appraisers and investors bid up the prices of real estate. Fixer-uppers were being flipped with huge profits without any fixing having been down. When the house of cards finally collapsed, the local mortgage lender ended up holding the bag. There are forces that limit the chances of a housing bubble forming. Congress is looking into the lending practices of FNM to avoid having the public pick up the tab for any collapse of the housing market. Certain mortgage lenders will refuse to lend money that exceeds the appraised house value. Yet the human character is hard to change. As long as mortgage rates continue to drop, people will be able to afford more and home prices will continue to rise.

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