| Author |
Previous Topic | Next Topic |
mr. mtgman
668 Posts |
 Posted - 04/20/2007 : 7:51:20 PM
|
I (we) Have Found 63 Subprime Lenders left operating..... Anyone care to add/drop lenders or emails to the list? Comments, Suggestions? How can I make this even more useful? RECENTLY DROPPED- Homeland Capital Group, Pro 30 Funding, Avaris Capital. RECENTLY ADDED-Avaris Capital
1. Accredited www.accredhome.com
2. American Guardian www.amguardian.com
3. Argent www.argentmortgage.com
4. Bankers Express www.bankersexpress.com
5. Bear Stearns www.bearstearns.com
6. Bismark www.bismarkmortgage.com
7. BNC www.bncmortgage.com
8. Chase B/C www.chaseb2b.com
9. CIT www.brokeredge.com
10. Citi http://broker.citimortgage.com
11. Countrywide B/C www.cwbc.com
12. Creative Mtg Lending www.cmldirect.com
13. DB Home Lending www.db-homelending.com
14. Decision 1 www.D1mortgage.com
15. Delta www.deltafunding.com
16. Eastern Savings www.easternsavingsbank.com
17. Encore Credit www.encorecredit.com
18. Equifirst www.Equifirst.com
19. Evergreen Lending www.evergreenlending.com
20. Expanded Mtg Credit www.expandedmortgagecredit.com
21. Fieldstone www.fieldstonemortgage.com
22. First Franklin www.ff.com
23. First NLC Financial www.firstnlc.com
24. Flexpoint Funding www.fpfloans.com
25. FortKnox Lending www.fortknoxlending.com
26. Guaranteed Rate www.griwholesale.com
27. Homecomings Financial www.hfwholesale.com
28. Homeland Capital Mtg www.homelandmortgage.com
29. Home Loan https://b2b.homeloanfunding.com
30. Homeview Lending www.homeviewlending.com
31. Indymac B/C www.indymacbank.com
32. Lending 1st Mtg www.lendingfirst.com
33. Lendsource www.lendsource.com
34. Lexington Lending www.lexingtonlending.com
35. Liberty American www.libam.com
36. Lime Financial www.limefinancial.com
37. Longbeach www.longbeachmortgage.com
38. Marlin Mortgage www.marlin-mortgage.com
39. Maxar www.gomaxar.com
40. Mercantile Mortgage www.mercantilemortgage.com
41. MLSG Home Loans www.mlsg.com
42. Mortgage Close https://b2bmortgageclose.com
43. Nations Home Lending www.nationshomelend.com
44. Nationstar Mortgage www.nationstarbroker.com
45. Novastar www.novastaris.com
46. Novelle Financial www.novellemtg.com
47. One Source Mortgage www.osmlend.com
48. Option One www.oomc.com
49. Originate HomeLoans www.originate-today.com
50. PacFinUSA www.pacfinusa.com
51. Plaza Home Mtg. www.plazahomemortgage.com
52. Prominent Mortg Corp. www.prominentmortgage.com
53. Resmae www.resmae.com
54. Saxon Mortgage www.saxonmortgage.com
55. Senderra Funding www.senderra.com
56. Spectrum www.specfunding.com
57. TLP Funding www.tlpfunding.com
58. Trinity Mtg Assurance www.trinitymac.com
59. US Bank www.usbank.com/cgi_w/cfm/mortgagebrokers/general_rate_info.cfm
60. Wells Subprime www.brokersfirst.com
61. Wilmington Finance www.wilmingtonfinance.com
62. WMC www.wmcmortgage.com
It's Tightening Up... But it Ain't Over!!!!
|
|
Nico
2933 Posts |
Posted - 04/20/2007 : 7:54:56 PM
|
Option One is being sold for a billion. no idea if it will affect business.
Fieldstone was purchased. they still operating?
where is Citi in your list? |
|
|
waynepbright
3544 Posts |
Posted - 04/20/2007 : 8:10:04 PM
|
Nice revision Mr Mtgman, you'll now be known as the "opposite of ml-implode.com" -- advising us all who is still in business vs who's kaput - how depressing  |
|
|
mr. mtgman
668 Posts |
Posted - 04/20/2007 : 8:14:45 PM
|
Exactly.... I will try to keep this revised..... I get so sick of the
negative aspects. |
|
|
racerx
11048 Posts |
Posted - 04/20/2007 : 8:18:24 PM
|
I suggest you re-do your format then. It's too hard to read the way it is now.
Example:
1. Liberty American www.libam.com
2. First Franklin www.ff.com
3. |
|
|
mr. mtgman
668 Posts |
Posted - 04/20/2007 : 8:20:43 PM
|
| ok will do... just threw this together out of flyers in my email... Will work to make it more efficient |
|
|
racerx
11048 Posts |
Posted - 04/20/2007 : 8:23:49 PM
|
| Sorry...you try to do something nice and I make your life more difficult!! |
|
|
TOMMYSPROLES
2 Posts |
Posted - 04/20/2007 : 8:24:58 PM
|
Thank you for the list. This subprime industry is a complete mess. However, I believe that it will come back around if you can survive.
quote:
Originally posted by mr. mtgman
have counted 31 subprime lenders left..... Anyone care to add to the list
1. First Franklin 2. Option One 3. Equifirst 4. CW B/C 5. Chase B/C 6.Argent 7. Decision 1 8. Wilmington 9. Fieldstone 10. Wells Subprime 11. Home Loan (even though I have no idea on what "I brought sexy back" means) 12.Longbeach 13. Nationstar 14. BNC 15. Accredited 16. Indymac B/C 17.Express Captial Lending 18. Homeview 19. Lexington Lending 20.Spectrum 21. Delta 22. Evergreen 23. Resmae 24. Flexpoint Funding 25. Liberty American 26. WMC 27. Citi 28. Lime 29. Bear Stearns 30. DBL 31. Bismark
|
|
|
waynepbright
3544 Posts |
Posted - 04/20/2007 : 8:28:09 PM
|
Welcome to the Outpost Tommy! |
|
|
racerx
11048 Posts |
Posted - 04/20/2007 : 8:30:21 PM
|
Alphabetical order??  |
|
|
TonyG.
85 Posts |
Posted - 04/20/2007 : 9:00:14 PM
|
www.D1mortgage.com
That's Decision 1, I'm here, or should I say were still here!, lol for now that is. |
|
|
racerx
11048 Posts |
Posted - 04/20/2007 : 9:01:53 PM
|
You're the best!
Liberty American's website is www.libam.com |
|
|
mr. mtgman
668 Posts |
Posted - 04/20/2007 : 9:20:54 PM
|
| Removed Express Capital Lending- website is 100% alt-a |
|
|
racerx
11048 Posts |
Posted - 04/20/2007 : 10:06:44 PM
|
| I emailed you some more website addresses. |
|
|
mr. mtgman
668 Posts |
Posted - 04/20/2007 : 10:07:36 PM
|
| gracias.... |
|
|
haiku
408 Posts |
Posted - 04/20/2007 : 10:22:12 PM
|
| First NLC rep today told me they are getting more programs and less strict. Said look for May 1. |
|
|
mr. mtgman
668 Posts |
Posted - 04/20/2007 : 10:37:06 PM
|
| Who is First NLC? Do they need to go on our subprime list? |
|
|
haiku
408 Posts |
Posted - 04/20/2007 : 10:44:04 PM
|
| www.firstnlc.com Florida company I like. I'm happy they are still around. I forget the name of their parent company. I don't do well on html anymore, so forgive the formatting. |
|
|
mr. mtgman
668 Posts |
Posted - 04/20/2007 : 10:49:12 PM
|
I like that... they have a enhanced sweet spot program...interesting.
They have been added to the list. Thanks |
|
|
mknight
1491 Posts |
Posted - 04/20/2007 : 11:13:47 PM
|
| I just read on the implode-o-meter that MILA is done as of today. It looks like it was already off your list though. |
|
|
mr. mtgman
668 Posts |
Posted - 04/20/2007 : 11:19:59 PM
|
Thanks... got that one. It's posted on the BO like 4 or 5 times today. I think I might call this the "James unimplodeometer" or the "livingtilltheirdeadometer" or maybe the "stillyettoseeitcomingometer". Can't beat the itsallthepayoptionarmsfaultometer"
What do you guys think we should call this? |
|
|
danseagr
31 Posts |
Posted - 04/21/2007 : 07:53:13 AM
|
| LendSource is still around. www.lendsource.com |
|
|
mr. mtgman
668 Posts |
Posted - 04/21/2007 : 07:58:27 AM
|
| Thanks I will add you to the list. |
|
|
Darin Ferraro
7812 Posts |
Posted - 04/21/2007 : 09:05:55 AM
|
| Nice topic James! |
|
|
mr. mtgman
668 Posts |
Posted - 04/21/2007 : 09:16:32 AM
|
| Thanks... Hope it is helpful! |
|
|
mortgage321321
754 Posts |
Posted - 04/21/2007 : 2:16:55 PM
|
| Great |
|
|
jvanpetten
2168 Posts |
Posted - 04/21/2007 : 2:55:11 PM
|
| Great idea, thanks for taking the time to share this list. |
|
|
Scott P
698 Posts |
Posted - 04/21/2007 : 3:26:22 PM
|
I thought Resmae was gone, although I really don't know anything about them. Just what I've read on here.
Also, Lime just merged with Credit Suisse. |
|
|
mr. mtgman
668 Posts |
Posted - 04/21/2007 : 3:43:53 PM
|
Update, March 5th, 2007: In a surprise, ResMAE was bought out by hedge fund Citadel, not Credit Suisse as expected. I have still seen AE's posting on the BO very recently, I have no knowledge they have shut down yet. Any proof out there???
Also, Lime is still Lime until renamed or shut down.
Thanks |
|
|
jvanpetten
2168 Posts |
Posted - 04/21/2007 : 3:51:01 PM
|
| Just talked to ResMae AE last week, still there. |
|
|
pacfinusa_ebay
1 Posts |
Posted - 04/21/2007 : 4:35:25 PM
|
PacFinUSA offers subprim programs. Alt A, and A paper
Matt Fisher
PacFinUSA
925.522.6446
matt.fisher@pacfinusa.com |
|
|
Mtg4fl
59 Posts |
Posted - 04/21/2007 : 4:43:34 PM
|
Creative Mortgage Lending is a sub prime lender. We have 3 different programs to choose.
We currently lend in Florida, Michigan, Indiana, Colorado, and South Carolina |
|
|
FLProcessor
366 Posts |
Posted - 04/21/2007 : 7:19:33 PM
|
Any idea how to contact former employees of these companies to provide them with job opportunities? We're expanding with a new office in Minneapolis, MN and we're looking to fill 15-20 Processing spots. I'd like to extend the opportunity to those who have been laid-off prior to actively persuing processors already employed.
Please reply to mortgagesupport (at) gmail.com if you know of processors in the area. |
|
|
NovastarAE
49 Posts |
Posted - 04/21/2007 : 9:16:28 PM
|
| Just wanted to let everybody know that Novastar Mortgage is still around. We specialized in Subprime and ALT-A programs. Please call me should you have any questions at 800.872.8713 or visit our website @ www.novastaris.com |
|
|
mr. mtgman
668 Posts |
Posted - 04/21/2007 : 11:43:24 PM
|
El Processor- Thanks for Offering People Jobs!!!! We need more people just like you!!!
PacFinUSA, Creative Mrotgage Lending, Novastar added to list.
Thanks |
|
|
aaston
1420 Posts |
Posted - 04/22/2007 : 12:48:03 PM
|
Expanded Mortgage (a division of the Home Loan Corp) Is still open. Does anybody here use Lime Financial? If so how are they?
thanks |
|
|
mudshark
3737 Posts |
Posted - 04/22/2007 : 12:57:23 PM
|
| We're still in the game and for your real bottom grade Maxar (CA only but pushing into other states) is around |
|
|
mr. mtgman
668 Posts |
Posted - 04/22/2007 : 1:46:32 PM
|
Expanded Mortgage and Trinity Mortgage Assurance have been verified and added.
Thanks |
|
|
Dwann
97 Posts |
Posted - 04/22/2007 : 3:37:43 PM
|
| Maxar is just like traditional sub prime. Unlimited mortgage lates, NOD, BK all ok. We use our own cash to close deals. |
|
|
mr. mtgman
668 Posts |
Posted - 04/22/2007 : 4:29:17 PM
|
I have review Maxar's website. It meets the parameters of a subprime company and has some unique programs for NOD's. Although it touts itself for being the middleman between subprime and hard money- I think it's okay to add. Since you allow brokers, have rate sheets, and most of your products are subprime like... You have been added.
Thanks |
|
|
racerx
11048 Posts |
Posted - 04/22/2007 : 4:41:14 PM
|
| Your list is growing!! Good job! |
|
|
mr. mtgman
668 Posts |
Posted - 04/22/2007 : 4:50:04 PM
|
| Yeah... I'm glad I started this list and have reviewed their websites, rate sheets, products, etc... I had onyl done business with 22 of them. Knowledge is ammunition....! |
|
|
reimold
1391 Posts |
Posted - 04/22/2007 : 4:51:25 PM
|
| Thanks, James. |
|
|
Nacho-Man
21 Posts |
Posted - 04/22/2007 : 10:03:07 PM
|
Got another one for you to add brother...Homecomings!
See guys/gals...it is not so bad out there, we have plenty of subprime lenders! No Worries! Go get another loan and keep adding to this list! ~ Nacho-Man |
|
|
keonik2
54 Posts |
Posted - 04/23/2007 : 02:18:43 AM
|
| American Guardian and Eastern Savings Bank are two I didn't see on your list. American Guardian is great; call Karen Clark the Sales Manager, and as far as ESB, I'm not sure what their status is, but I'm sure they're still doing nonprime... First Horizon Home Loans' First Connect nonprime wholesale division is operating as a conduit direct to Wall Street... several of your lenders are conduits or correspondents, so if you need a top level connection to confirm the First Connect comment, email me directly ;)! |
|
|
KFORD
100 Posts |
Posted - 04/23/2007 : 06:36:17 AM
|
| James - are you going to re-post the list on BO? I would like to see it! |
|
|
mr. mtgman
668 Posts |
Posted - 04/23/2007 : 08:53:25 AM
|
| What do you mean re-post the list? The list is already posted to this thread. |
|
|
Carlsbadd
743 Posts |
Posted - 04/23/2007 : 09:05:14 AM
|
Novelle is back in the game again:
http://www.novellemtg.com/ |
|
|
mr. mtgman
668 Posts |
Posted - 04/23/2007 : 09:11:21 AM
|
| Novelle has been verified and added. Thanks |
|
|
Nacho-Man
21 Posts |
Posted - 04/23/2007 : 09:50:00 AM
|
| I thought I heard First Horizon Subprime was done? |
|
|
mr. mtgman
668 Posts |
Posted - 04/23/2007 : 12:47:24 PM
|
| That is what is being reported..... No proof to believe otherwise. |
|
|
|
Previous Topic | Next Topic |
|
