Wed 24 Jan 2007
Found over at Mish’s Global Economic Trend Analysis (about half-way down the page):
The Mortgage Lender Implode-O-Meter is reporting ?Twelve lenders have now gone caput since December 2006?. This number has has been increasing at a rate of 1-2 a week since December. Two of those lenders were among the top twenty subprime lenders. One of them was Ownit Mortgage, the other was Mortgage Lender Network. Ownit Mortgage and MLN both went bankrupt.
Mish wrote that post yesterday, and today the number is at 13.? Ouch.