Swing a bucket once and fill it twice — with mortgage meltdown headlines.
The other day my colleague Vanita Trippe wrote a nice Bizmology post about Accredited Home Lenders that summarizes the state of woe for many companies in the mortgage business. The long list of companies affected more or less seriously is enough to give one pause.
Just for fun, yesterday I thought I’d see how many different stories I would find in my afternoon trawl of the headlines. So all of these come from a single news cycle.
- Even Nonhousing Markets Feel Mortgage Fallout
- Floyd Norris column: The Loan Comes Due
- Mortgage Maze May Increase Foreclosures
- Credit Worries, Imported From U.S., Lead German Firm to Shut Fund
(You will detect that the New York Times is giving this topic the full-court press.) - American Home Mortgage files Chapter 11
- Archstone-Smith sale delayed until Oct. 5
You can find out more about the last two items from our records on American Home Mortgage and Archstone.
My prediction: over the next couple of months, we can expect this story to continue to unfold. I’m not optimistic that we’ve seen the worst of it yet.
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