2007 was the year lenderama grew up. I want to thank the contributors and readers who helped make it happen. Look for even more excitement in 2008. As I close out the year, I have just a bit of housekeeping to do.
On the eve of my own blog award ceremony, Bloodhound Blog honored me with […]

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Until the rumor was proved true.
National City Mortgage has shut down it’s wholesale side.
I heard rumors early this morning but I didn’t want to believe it.
Just now - I got the email:
Dear Mike, As you know, rapidly changing conditions in mortgage markets have resulted in significant challenges in the industry. Like many mortgage lenders, National […]

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Last week was going normal until Bhutto was killed in Pakistan.  As is typically the case, markets go nuts and a "scramble" takes  place, in this case it was a "flight to quality" which benefited mortgage backed securities.  The movement in the markets is also exaggerated by the shortened trading week and low volume during […]

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When I learned that Loan Center of California was suing M.L. Implode, I said that I don’t even like that site, but thought the LCC lawsuit was ridiculous. I’m glad to see LCC has dropped it’s case, and the lawsuit has been dismissed. We concentrate on the positive here at lenderama, but that doesn’t mean […]

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Tony Gallegos of the Mortgage Cicerone released his Top 20 Bloggers for 2007. Mike Mueller and myself made the list, as well as a bevy of other great bloggers worth checking out. Thanks Tony!
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There weren’t any Ninja loans in 1945; hence homeownership rates were lower than today’s rates. As you can see from the graph below, the homeownership rate in 1900 was just above 45%, whereas today’s home ownership rate is in the neighborhood of 70%.

New housing starts are on the down slide, which is more than bothersome […]

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Update - Zillow Mortage Marketplace has launched. My full review is linked. 
This fall I wrote a multipart series on how I would build Zillow Mortgage. Today, I see Joel is asking for 2008 Zillow predictions. Limiting my self to just the mortgage side, how I would build Zillow Mortgage and what I think Zillow will […]

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