As of today, 149 mortgage lenders have gone bankrupt since late 2006. This is an incredible number of lenders to go out of business in such a short period of time.
It appears that no one is left to offer sub-prime loans anymore. This will have very serious consequences on future home prices. If no one can get a loan, who will buy the home?
To keep up to date on the latest closures and mortgage implosion news visit The Mortgage Lender Implode-O-meter.