Day 2: Bust (from the Washington Post)
"In Northern Virginia, things were also unraveling. Kevin Connelly, a mortgage broker at Pinnacle Financial's Vienna office, fielded calls from desperate homeowners.
. . .
By last summer, the atmosphere was motionless in his office. Each morning, Connelly visited a Web site called 'the Mortgage Lender Implode-O-Meter,' which chronicled lenders that were going under. His day 'went from talking to 10 people and doing eight transactions to talking to 10 people and doing one transaction,' he recalled.
By summer's end, he said, 'I was working alone in that office.'"