Archive

Archive for the ‘Subprime’ Category

Bloom of Doom II: Of Mortgage Brokers, ARMs, Attrition and Marathons

2010-01-28 5 comments

When first I started looking at dying mortgage banking companies back in 2007 (the time I began looking at the brewing crisis seriously) I stumbled upon the “implode-O-meter” which had begun tracking this new phenomenon in, I believe, 2006. Casualties were then in the two digit range. Soon it became three digits and ever since it has been “good going“, however, the pace slowed considerably in the second half of 2009 if I recall that correctly only to pick up recently. I remember the figures 372, then 373, then 374 to have had a rather long life span.

However, looking today we’re at 378, some jump at last. (Feb. 22nd 2010: 381) Read more…

Follow

Get every new post delivered to your Inbox.

Join 332 other followers

%d bloggers like this: