A reprint from Market Newsletters. Are We In The Midst of Another Mortgage Meltdown? Things are changing rapidly in the mortgage market. Almost overnight, loan programs have disappeared, interest rates are all over the place, and more than a few lenders are closed for business indefinitely. All this despite the Federal Reserve buying more than $100 billion / week of mortgage debt. Is this another meltdown? In many ways, the current situation is far worse than the 2008 meltdown.  Credit is evaporating more quickly.   Mortgage rates aren’t as responsive to Fed bond buying.  Borrower income/employment demographics have imploded much more decisively and much more suddenly.  And the average mortgage servicer is…