BUSINESS
07/16/2008 05:12 am ET Updated May 25, 2011

Mortgage Lending Implode-O-Meter Explodes In Popularity

The misery in the housing market is registering on the Implode-O-Meter.

As millions of homeowners fall behind on their mortgages, a fledging Web site called the Mortgage Lender Implode-O-Meter is gleefully tallying the number of lenders that run into trouble too. On Monday, the count was 265 -- and rising.

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