Subprime lenders have been buried in a landslide of analyst downgrades, and several analysts have ended coverage in the past week, suggesting that the equity market may be closing for the companies.

CIBC Oppenheimer analysts Stephen Eisman and Vincent Daniel dropped coverage of Aames Financial Corp., IMC Mortgage Corp., and United Companies Financial Corp. on Oct. 13. These companies are suffering from lack of liquidity, a flat yield curve, and rising prepayments, an Oppenheimer report said.

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