Unfortunately, I don't know what to make of the data on implode-o-meter. My impression is that there has always been a high level of churn amongst these turn-key loan operations that just spin off securities.
How many new lenders have begun during this same time period?
Further, a lot of the lenders listed on implode-o-meter are pretty small, so there absence is fairly negligible (i.e. New Century alone likely represented more mortgages than 90 of the other firms cited).
Of course, I find implode-o-meter invaluable to confirm which lenders really are going out of business. However, it is just difficult to know what weight to give the over-all statistic.
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How many new lenders have begun during this same time period?
Further, a lot of the lenders listed on implode-o-meter are pretty small, so there absence is fairly negligible (i.e. New Century alone likely represented more mortgages than 90 of the other firms cited).
Of course, I find implode-o-meter invaluable to confirm which lenders really are going out of business. However, it is just difficult to know what weight to give the over-all statistic.