Reply #49: Subprime Mortgage Brokers Question [View All]

[OrangeCountyDemocrat]

Does anybody know where I could go to find more detailed information about Publicly Traded Companies engaged almost completely in Subprime Mortgage Lending?

I'm specifically looking for some sort of a list which would show the companies with the highest percentages of their overall business, devoted to Subprime Loans. It is obvious to me that there will be more companies like New Century in Irvine, CA(right around corner from me), which have stocks will almost certainly plummet, in reaction to news that they're in deep, deep trouble.

I think it's almost a certainty that we'll see other companies like this one, who have geared their operations so completely towards Subprime Loans, that they're unable to weather the storm which is just coming ashore. Ultimately I'd like to get some Put options on these companies in anticipation of any stock price declines.

Edit: Here's a great site I found which lists the Largest Subprime Lenders, and has some other great information, but does not show which ones had highest percentage of loans which are subprime.

http://ml-implode.com/