Straight from "The Grim Reaper Gazette"(Okay, I guess it's actually Bloomberg)GMAC Mortgage shuts down

``This gives you a full flavor of how terrible the mortgage market is,'' said Mirko Mikelic, senior portfolio manager at Fifth Third Asset Management in Grand Rapids, Michigan. ``The past year has been horrible and it doesn't look like there is any improvement on the horizon with continuing declines in home values and rising delinquencies.''