Mortgage Crisis Triggers Industry Fall-Out

Law360, New York (October 26, 2007, 12:00 AM EDT) -- As the mortgage industry continues to free-fall, many other businesses are beginning to feel the effects of the the lender meltdown, with everything from home improvement companies to Internet advertisers struggling to stay afloat in the face of an increasingly volatile market.

The crisis currently gripping the housing industry kicked off in earnest earlier this year when the default rates on subprime loans began to soar and financial institutions called in their loans.

Unable to meet the demands, the subprime lenders began to fold one after...
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