Businesses providing mortgages, from REITs to banks and a variety of other lenders, are under siege. Their standard means of financing loans, more than adequate during normal times, simply cannot sustain the whipsaw markets that prevail under current circumstances. Lenders are requesting assistance from Federal entities and warning that unless appropriate measures are taken lending institutions could fall into bankruptcy. Although I believe the situation will be addressed, there are other concerns for both lenders and borrowers that may have adverse effects on the economy and the stock market.
A week ago, I provided an