Marcie Geffner - Inman News
There's no soft way to say it: Investors who consistently favored real estate and mortgage-related stocks lost their shirts in 2007. As a group, the 10 companies on a short list of such stocks lost more than half their value in the just-ended one-year period.
The two hardest hit groups among the 10 companies were mortgage lenders and home builders. Countrywide Financial and IndyMac Bancorp were caught in the subprime loan tsunami that swept through the sector in the second half of the year while builders were stung by weak housing markets that resulted in lower prices and higher inventories of unsold new-built homes.
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http://www.inman.com/news/2008/01/3/real-estate-stocks-tanked-in-2007