I was looking for some info on a mortgage lender that I heard went under, when I stumbled onto this website.
http://ml-implode.com/ The Mortgage Lender Implode-O-Meter
The site identifies the 12 lenders that have "imploded" since Dec '06, as well as at-risk lenders. They also have links to what they call "The Top Mortgage Banking Bust News and Commentary", as well as links to blogs on the Housing and Credit Busts.
Thought some of you might find it interesting.
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Beach Fanatic
Be patient ...you will be rewarded in C and WM. They both increase their dividends, Citicorp does it annually (each February) and WM each quarter, usually by a penny. I know nothing about NLY.
I know, Goofer. I only buy companies that pay high dividends with a good chance of annual increases. I hold them into perpetuity. So far, a diverse portfolio of these has paid the bills.
I believe that NLY has a good chance of scooping up troubled mortgages from weaker firms at bargain prices. This is a real speculation.
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