5 January 2007

The Mortgage Lender Implode-O-Meter

The Mortgage Lender Implode-O-Meter: "I set this page up to keep track of mortgage lenders in the US going bust since approximately December 2006, when it seems the first of them started going under. Many observers (including myself) have been anticipating this for some time, as rising home prices (and other financial assets) have collided with the deteriorating consumer balance sheet and low-as-they-can-possibly-go interest rates (heavily reliant on the dole of China and the oil exporters). "

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