Wednesday, June 03, 2009

The mortgage implode-o-meter still running.

We haven't checked in with our friends at The Mortgage Lender Implode-o-Meter site is quite a while. The latest is this:

Since late 2006
major U.S. lending operations have "imploded"

This is the number of companies or divisions of companies involved in mortgage lending that have gone belly-up, quit accepting new applications, or been sold off due to insolvency to another lender.

This site also has a short list of mortgage companies that appear to be in financial difficulty - 19 more companies/divisions are on that list.

I'm glad to see my mortgage company is not yet on the ailing/watch list.

Hope yours isn't, either.

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