Mortgage Lenders Continue to go Bankrupt

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.