Mortgage Industry Trends

File this under 'Hidden Casualties of the subprime collapse'. Portellus was a technolgoy vendor that entered the market as a provider of business rules and decisioning technology.

SBMC was not a large lender, funding perhaps $4 Billion in 2007, nor were they an aggressive lender.

The company has retained key staff to support its existing clients until an
asset purchase is consummated

It is one of my pet peeves, the seemingly insatiable dislike that the Wall Street Journal's opinion page constantly wages against Fannie Mae and Freddie Mac.

Clueless is probably a strong word to describe the professionals that work on Wall Street.

The talking heads on CNBC don't understand the problem that has afflicted the mortgage industry. Bernake doesn't appear to understand either, though I could very well be wrong.

In an effort to help measure investor interest in secondary market loan sales, I have put together a short survey.

Paul Muolo of National Mortgage News put it very succintly in his most
recent column:

American Home Mortgage & America Brokers Conduit is heading for the exits.