More Major Players in Banking World Troubled Still

The Mortgage Lender, Implode – O – Meter talked about Washington Mutuals troubles today in their blog and also mentioned the Lehman Brother’s filing for bankruptcy. Those are two more very large financial establishments. Since May of 2006, 1 year and 4 months, there has been reported 283 failed mortgage lenders “close their doors”.
Last week, a CBS news anchor said, “…is there hope for the housing market? Interest rates are down…etc”. This is some of the first hope I’ve seen on national media in some time. Cross your fingers and say your prayers. We all hope for the best.