NEW YORK (CNNMoney.com) -- In another sign of the collapse of the market for new homes, builder Lennar Corp. has dumped a portfolio of 11,000 properties for 40 percent of their previously-stated book value.... "
http://tinyurl.com/2bamy7
"...Financial analysts on Friday said E*Trade got anywhere from 11 cents to 27 cents on the dollar for its $3.1 billion portfolio of asset-backed securities..."
http://tinyurl.com/23pofg
Mark to market.
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1
Beach Fanatic
"...Financial analysts on Friday said E*Trade got anywhere from 11 cents to 27 cents on the dollar for its $3.1 billion portfolio of asset-backed securities..."
Now that is a deal. Wish I had known about that.
Now that is a deal. Wish I had known about that.
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