The Mortgage Lender Implode-o-Meter lists these financial institutions as being on the verge of meltdown (i.e. closing, bankruptcy, takeover, etc.). If you have any of your hard-earned money in any of them, now's the time to get smart.
Ailing/Watch List Lenders™:
18. Kemper Mortgage, Inc.
17. Freddie Mac
16. Fannie Mae
15. American Sterling Bank - Wholesale
14. Downey Savings and Loan
13. Franklin Bank, SSB
12. Bayview Lending Group, LLC
11. Thornburg Mortgage
10. American Equity Mortgage, Inc.
9. CTX Mortgage Company (Retail)
8. First Horizon Home Loans
7. BankUnited (Wholesale)
6. Chevy Chase Bank - Wholesale
5. MortgageIT
4. Sallie Mae
3. Meridias Capital
2. Doral Financial Corp.
1. Residential Capital, LLC*
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1 comment:
Blahblah FDIC insured up to 100k (and maybe higher, if lucky), still owe payments, so CUSTOMERS probably won't notice much effect
But if you own stock in them...well, sell now...hell, sell a year ago.
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