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Implode-o-meter July 13, 2007

Posted by newyorkscot in Markets.
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I have been tracking the demise of the US housing market – the Economist has a good article today that discusses current events and mentions the Mortgage Lender’s Implode-O-Meter (!).

The recent Bear Stearns fiasco is only heightening the tension of an ever-increasing meltdown… Some of our clients have also been telling us about their concerns for their MBS, ABS and CDO pricing and trading businesses as the sub-prime market continues to cause derivatives effects in these structured securities.

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