Maybe there's some life out there in the economy after all. Yes, the mortgage industry has hit the skids (an understatement, for sure) but one boutique investment banker I know told me this morning that he's the busiest he's been in five years. "I'm working on M&A deals," he said. "There is such a need for capital." His speciality is mortgage finance. Also, Wells Fargo Home Mortgage said Friday that it originated more home loans in the first two months of 2009 then it did for the fourth quarter. Of course, the fourth quarter was a complete disaster for lenders. See
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