I'm reposting this because if no one read it then they missed a frightening look at the lending market. This is a must read report regarding the industry and economy on the whole. It's an excellent paper and is actually frightening! http://www.billcara.com/CS Mar 12 2007 Mortgage and Housing.pdf
it might not be the "end of the world" if this research on HK R.E. market of a few yrs ago has any correlation to our R.E. market www.bankcreditanalyst.com/public/story.asp?pre=PRE-20070320.GIF here is another view on the subject also positive www.bloomberg.com/apps/news?pid=20601009&sid=atuMCA1ImLrI&refer=bond