Altucher's Daily Blog Watch discovered this interesting website, The Mortgage Lender Implode-O-Meter, which tracks the number of US lenders that have gone out of business, the top 25 sub-prime lenders, mortgage banking news, and the most important, the Ailing Lenders List. Here is a list of the publicly traded companies that are connected to the some of the lenders on their list:
Coast Financial Holdings Inc. (CFHI)
New Century Financial Corp. (NEW)
Fieldstone Investment Corp. (FICC)
Author does not own and is not short any of the above.
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