Relevant:
- BATS close to settling high-speed trading case in U.S.
- Loan Origination Volume Plummets To Lowest Level Since 9/11
- Foreclosure Expert Confirms Mortgages Pledged Multiple Times, Not Actually Securitized, Document Problem Is Really a System of "Push-Button Fraud"
- In Hunt for Securities Fraud, a Timid S.E.C. Misses the Big Game
- mortgage lending volume by state
2007-12-21 — wsj.com
'Yet the system itself bears blame. The evolution of mortgages into a securities instrument turned loan origination into a competition. Caution gave way to a push for speed and volume.'
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