2008-02-07portfolio.com

A website I adore called the Mortgage Lender Implode-O-Meter, says that 223 U.S. lending operations have "imploded" (gone out of business or suffered some major loss) since late 2006. That leads to a lot of unhappy customers, a lot of dissatisfied former employees, a lot of lawsuits and, as night follows day, a lot of investigative leads that can be followed up by those busy men with guns.



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