Capital market tightens in response to foreclosure woes

10/19/2010 | CNBC

Foreclosure issues are affecting the securitization market, said David Ellison, portfolio manager of the FBR Small Cap Financial Fund. This is a situation moving beyond real estate to affect even short-term loans, such as those in the auto industry, because the system has slowed down across the board as banks assess their positions and processes, Ellison said.

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