Opus Prime, another one bites the dust.

adamr6cox · Joined: 31 Mar 2008 Posts: 4 1.28 Dollars($)

being on the underside of the globe im wondering how behind we are in news flow.

I heard today that Opus Prime have had trading suspended. Reports of some $200m secured against $70m down here.

quite amazing really how consistently they are crumbling.

Could we start a thread updating which companies are going bust? I'd really like to see when they are reported in the US and when we hear about them down under.

larry · Joined: 27 Jun 2007 Posts: 3164 446.85 Dollars($)

Hi,

As for me updated news in the industry is always useful and will be helpful for the borrowers. But whether we can start a new thread on this topic or not, the Site Admin will take the decision.

blue · Posted: Mon Mar 31, 2008 2:38 am Post subject:

Hi,

Welcome to Mortgagefit discussion board.

It seems you are an Australian. So do you want to the information only about the Australian companies or regarding companies worldwide?

BTW I have seen that Opus Prime Group owed $1 billion of secured debt.

Do let me know if you have any other questions.

Thanks
Blue

Guest 0.10 Dollars($)

where did you see it blue?

adamr6cox · Joined: 31 Mar 2008 Posts: 4 1.28 Dollars($)

yes i am Australian, I am interested in collapses of finance companies all over ther world. Its very hard to generally keep track of inter-related companies as they go into admin.

I am particulalrly interested in the recent demise of US companies. thanks

blue · Posted: Tue Apr 01, 2008 5:06 am Post subject:

Hi,

I have seen this at

0.10 Dollars($)

thanks for that, this is all very interesting, it seems as though the only people lending any money are lenders providing finance as short term loan, private mortgage or bridging finance. Are you finding the same thing where traditional and non-conforming lenders are fleeing the market?

Guest 0.10 Dollars($)

well i don't think it's the short term lenders only who are providing loans. But why do you say so?

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