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Implode-O-Meter measures mortgage lender troubles

July 8, 2008

The number of mortgage lenders that are in trouble, largely because of the risky home loans they approved, is nearing 300.

That’s the count according to The Mortgage Lender Implode-O-Meter.

Mortgaga_lender_implode_o_meter
The online upstart is featured today in the New York Times, which calls the Implode-O-Meter "a sort of Gawker
of the subprime world," and notes that it has caught the attention of lenders, who want to make sure their companies’ names stay off the imploded list.

To be fair, the site also tracks the top "non-imploded" lenders.

And it also offers readers banking bust news and commentary.

The Implode-O-Meter, according to the story, is the brainchild of Aaron Krowne, a computer scientist, mathematician and former researcher at Emory University in Atlanta. He started the site in 2007, believing that the troubles in the housing market, and by extension the mortgage industry, would worsen.

Too bad for home buyers and lenders who have taken real-estate related hits, but congrats to Krowne for his financial prescience and entrepreneurial spirit.

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TAX-SAVVY WAYS 
TO WRAP UP 2026

It’s over! With October’s extended filing deadline behind us, it is now time to focus on year-end moves to reduce your 2026 tax bill. 

You’ll find ways to do just that on the Tax Tips page (see the More Tax Posts drop-down menu at the top of the blog), as well as the separate tax tip pages for each month, notably October through December. If you’re on the Tax Tips page, you’ll find a monthly list at the end of this column. If you’re on another blog page, you can head straight to the October tips; at the bottom of that tips page you’ll find links to all the other 11 months’ collections of tax advice.

Not to spoil what you’ll find in that tax advice, but it does cover such things as tax deductions for charitable donations, investment moves that could reduce tax due, and ways to max out your tax-favored retirement savings. 

Finally, as the year winds down, things get hectic. There are lots of other things to occupy our time, like the much more fun upcoming holidays. But don’t lose sight of taxes, since timing is key. To be of use, most tax moves must be made by the end of the tax year. That’s Thursday, Dec. 31, which also is the last business day of the year. 

So that you don’t miss that final tax year deadline, also keep an eye on the countdown clock below. It will keep you on top of just how much time is left to make important, tax-saving moves. (Note: I’m in the Central Time Zone, so adjust accordingly for where you live.)

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