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The Subprime Survival Guide

Joseph Khattab
April 19, 2007

After overindulging on cheap money and inflated home prices, the U.S. is suffering from a housing hangover. When we woke up bleary-eyed and disoriented in February 2007, the rockin' three-year party was clearly over. Foreclosures were on the rise, subprime lenders were going bankrupt, and housing stocks were down.

Now, chewing on Advil and nursing that hangover, we're thinking only three things:

1. What the heck happened?
Like the proverbial frog coming to a slow boil, we missed the warning signs of the coming collapse. Well, not all of us. Savvy Fools were calling shenanigans on the lenders, the homebuilders, and the greedy homebuyers the whole way. We've compiled our most provocative housing articles of 2006 in case you missed them the first time around. Warning: They're not for the faint of heart!

2. When is it going to get better?
Many investors are running for the hills on housing-related stocks like Toll Brothers (NYSE: TOL  ) , Lennar (NYSE: LEN  ) , NovaStar Financial (NYSE: NFI  ) , Home Depot (NYSE: HD  ) , and LoopNet (Nasdaq: