Bruce Norris is joined by Aaron Krowne who is the webmaster behind The Mortgage Lender Implode-o-Meter. Bruce and Aaron discuss Aaron’s background, how he got interested in the mortgage industry problems, and why approximately 160 lenders have seen their doors close or are no longer operate on their own. You might be surprised to find out that only 30% of the lenders on his list are subprime. While employment numbers have been historically good, find out what industries will ultimately be effected.
Aaron Krowne is a computer scientist and economics enthusiast who has been blogging and writing freelance on economics and finance topics for the past few years. He founded The Mortgage Lender Implode-o-Meter at the beginning of 2007 to draw attention to the problems in the housing finance sector and economy at large.
Krowne also founded PlanetMath.org back in 2001, which continues as a wiki-like mathematics-centric online community. Krowne has recently left his job in research at Emory University’s Woodruff Library to work on web information projects full time.
Krowne lives in Atlanta, GA, and thus is no stranger to the effects of the bursting housing bubble. He blogs and posts articles at autoDogmatic.com, iTulip.com, WallStreetExaminer.com, and maintains a Furl.net link archive (under the handle “akrowne”).