Op-Ed Friday- It's a New Year, and the Mortgage Lender Body Count is Already Rising

As you remember from the December episode of "How the Housing Market Turns," (HHMT) we had already heard of difficulties at Sebring and Ownit mortgage lenders. Then as we begin the next episode on the first day of business in the New Year, we hear that Mortgage Lender Network (MLN) has ceased funding loans, and that Ownit has filed for bankruptcy.  We’ve got a lot happening in the January episode of HHMT- and we haven’t even had time for a commercial yet.

While John is working diligently to keep on top of it all today, I’m lying on a beach in Mexico, working hard at doing nothing.  I’ll be back Saturday night.  In the meantime, If you could help John out with links, stories, anecdotes, and brilliant ideas, we would both appreciate it.

As always, this thread is for you!

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10 Comments for this entry

  1. jan-martin feddersen says:
    January 5, 2007 at 1:11 AM

    Housing Bust Gives Renters a Break
    CR

    http://calculatedrisk.blogspot.com/2007/01/housing-bust-gives-renters-break.html

  2. jan-martin feddersen says:
    January 5, 2007 at 1:30 AM

    peter shiff fox video / housing

    http://www.europac.net/Schiff-Fox-12-31-06_lg.asp

  3. jan-martin feddersen says:
    January 5, 2007 at 1:51 AM

    U.K. House Prices Fall for the First Month in Six

    can´t believe my eyes……

    http://www.bloomberg.com/apps/news?pid=20601087&sid=asn.RbAfQWCg&refer=home

  4. jan-martin feddersen says:
    January 5, 2007 at 1:56 AM

    Pimco’s Gross Says Fed Will Slash Rates to 4.25%

    http://www.bloomberg.com/apps/news?pid=20601087&sid=a0tqj02mh2cI&refer=home

    or link pimco
    http://www.pimco.com/LeftNav/Featured+Market+Commentary/IO/2007/IO+Janaury+2007.htm

  5. jan-martin feddersen says:
    January 5, 2007 at 2:06 AM

    the global gusher / economist

    must read

    http://immobilienblasen.blogspot.com/2007/01/global-gusher-economist.html

  6. jan-martin feddersen says:
    January 5, 2007 at 2:08 AM

    direct link economist

    http://www.economist.com/finance/displaystory.cfm?story_id=8496988

  7. jan-martin feddersen says:
    January 5, 2007 at 5:21 AM

    China Raises Bank Reserve Requirement to Cool Lending

    http://immobilienblasen.blogspot.com/2007/01/china-raises-bank-reserve-requirement.html

  8. John M. says:
    January 5, 2007 at 5:58 AM

    Jan-Martin -

    Great stuff as always, and I’m only up to comment #4. Must refill coffee before attempting The Economist!

  9. akrowne says:
    January 5, 2007 at 8:47 PM

    I don’t remember if this was already posted here, but, I’m keeping track of the mortgage lender “bodycount”:

    br.endernet.org/~akrowne/ml-implode.html

  10. John M. says:
    January 6, 2007 at 2:51 AM

    Aaron -

    For once I’m (a bit) ahead of the game. I noted your “Implode-O-Meter” in a comment by you or Crispy in yesterday’s Ben’s Bits and there’s a link already under Resources. It’s also featured in today’s first post.

Comments are now closed.