The mortgage industry is evolving into two major businesses: mortgage finance and applied information technology. The growing complexity of the mortgage business requires increasingly robust management tools. To help senior managers sort through the importance of these changes, the MORTECH series on technology use has been developed to gauge how mortgage finance and technology play off one another. The primary objective of MORTECH is to describe differences in lenders' reaction to change. It strives to dissect the mortgage industry and measure how segments of mortgage firms differ in their business strategies, attitudes toward change, and adoption of technology. The only way to capture and measure trends is through primary scientific surveys - done every year. Current market conditions (May 2008) are detrimental to technology investments. In “Bad Times for Information Technology Spending,” Mortgage Banking Magazine, May 2008, Jeff Lebowitz makes some of the connections between the credit crisis and lenders’ technology spending. We would be delighted if you took a few moments to read the article. We would like to get your reactions to our analysis.