"Trouble In Arkansas": This Cycle's Countrywide Financial Just Imploded
Countrywide was the poster child of the last housing run up and, eventual collapse. The subprime lender helped to create a large number of mortgages that ended up as Mortgage Backed Securities.
Now we see another company filling the shoes in this real estate market. Bank Ozk is starting to find some trouble. Last week, they wrote down two large loans. These loans were from a decade ago and probably should have been written down some time ago.
The question is how widespread is this. In each credit cycle we see companies trying to emulate someone.
Was Bank Ozk the one they were all copying?
Click on article to read full article.
Is the crisis going to start quietly, right under our noses before surprising everyone.
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Nowadays, the real estate market must be supported by loans. Investments are carried out at different risk levels.