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Kara Homes' bankruptcy filing could hurt a number of banks and make lenders more cautious about lending to builders as the real estate market slumps. The Chapter 11 filing last week by the East Brunswick-based home builder shows a surprising number of lenders facing large amounts of potential losses, analyst Albert Savastano wrote in a research report Monday. .
A daily feature available on SchaeffersResearch.com is "Behind the Headlines." Every day, we'll focus on the day's action of newsworthy stocks that are generating a lot of attention. By digging into the stock's sentiment and technical backdrop, we hope to shed some light on the securities. Appearing in today's "Behind the Headlines" are D.R. Horton (DHI), KB Home (KBH), and M/I Home (MHO). .
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