The Best Time to Make Money in Subprime Lending
Mar 30th, 2007 | By Christopher Hancock | Category: Investing Strategies
On March 13, the Mortgage Bankers Association reported that 13% of subprime borrowers were behind on their payments.
That same day American Home Mortgage's preferred A shares plummeted 33%.
That fall capped off a three-day 41% plunge.
Funny... Only seven days prior, AHM reported that only 1.3% of its loans held for investment ...read more
