Year of the 'Tailspin'

'Implode-O-Meter's ticking The struggles of builders and mortgage companies made headlines daily in Memphis and nationwide, and many companies' struggles carried over into the new year. Since late 2006, when the first signs of this trend appeared, 214 mortgage companies have gone under, according to The Mortgage Lender Implode-O-Meter (ml-implode.com), a Web site run by Las Vegas-based Krowne Concepts Inc., which tracks the industry.'