Another Subprime Lender gets out of the busiess

Fremont Investment and loans - another subprime lender is exiting the business. The rate of fall-out of these sub-prime lenders seems to be accelerating. The marginal home buyers will definitely be forced out of the home buying business. I would definitely avoid buying property in outlying areas till you see investors come into the market. They'll be looking for break-even cash flow with 20% down.

If you haven't done so already, you should all be putting your home equity lines in place to take advantage of the investment opps we'll be seeing this summer and fall.