Pappas Realty Co... "Commercial Real Estate...Exclusively" in Northeast Ohio since 1957

Monday, March 12, 2007

Stocks to watch bad home loans, CPI <---- Click Here for Link to Full Story

By Ellis Mnyandu Sun Mar 11, 12:46 PM ET

NEW YORK (Reuters) - Troubles in the subprime mortgage sector could put Wall Street on edge this week just as investors look for key economic data, including the
Consumer Price Index' to shore up the market's nascent recovery after its recent plunge.

Fanning concerns about the sector that lends to home buyers with poor credit is this last week's precipitous slide in the stock of New Century Financial Corp. amid fears that the lender could file for bankruptcy protection.


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