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from Local Attorney, Michael H. Wasserman

Tuesday, January 22, 2008

The Mortgage Graveyard -

Here's a pretty grim web page -> The MortgageDaily.com, a subscription site that covers the mortgage industry, has gone live withe the Mortgage Graveyard which details historical data of failed, bankrupt, acquired/merged, and struggling lenders. the data goes back to 1999. Your gonna have to subscribe to the service to actually read the details underlying the numbers on this page, but does make a rather impressive point about the breadth and depth of the carnage

According to the Wall Street Journal, the Mortgage Daily project joins an already crowded field of online lists of failures in the wake of our subprime mortgage "situation," including Aaron Krowne’s Mortgage Lender Implode-O-Meter, SNL Financial’s subprime scorecard, and National Mortgage New's list of defunct firms.