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Mortgage Fallout Will Shelter Countrywide but hurt Choicepoint and Bankrate

By Faisal Laljee

The fallout from last month’s subprime headlines did not have any impact on players not involved directly with the mortgage business. In fact, while the stocks of all mortgage lenders dropped off a cliff, companies that have exposure to the mortgage sector, but that don’t directly participate in the lending process have kept their... »

Bankrate looks like a cool short

By Faisal Laljee

RATE has not pulled back much considering how mortgage companies have rolled over. A huge chunk of Bankrate’s business comes from mortgage companies who were willing to pay up huge for online referrals. With so many of these guys struggling, RATE will lose much of its pricing power and this will hit their earnings... »

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