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jasonponeil
1107 Posts |
 Posted - 01/05/2007 : 09:15:13 AM
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| Hey could I get some help. I'm tring to compile a list of all the Mortgage companies that went down in 2006. |
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jasonponeil
1107 Posts |
Posted - 01/05/2007 : 09:31:50 AM
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SeaBring
Saxon
First NLC
Meritage
Own IT.
any others? |
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kenmorr23
1540 Posts |
Posted - 01/05/2007 : 09:33:03 AM
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MLN
Maribella |
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kenmorr23
1540 Posts |
Posted - 01/05/2007 : 09:33:56 AM
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| I actually just started using First NLC roughly 2 weeks ago, so unless they had multiple sides, I don't think they are out of biz. |
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CoralSnake
10822 Posts |
Posted - 01/05/2007 : 09:35:00 AM
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quote:
Originally posted by jasonponeil
SeaBring
Saxon
First NLC
Meritage
Own IT.
any others?
Saxon has not gone out of business.
I think they just laid off a bunch of ppl. |
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dnuex2
2987 Posts |
Posted - 01/05/2007 : 09:41:51 AM
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| Acoustic Home Loans |
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D1 rox
5 Posts |
Posted - 01/05/2007 : 09:44:01 AM
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Harbourton
westworks
Aegis sub-prime
Plenty more to follow. |
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clarenceworley
4200 Posts |
Posted - 01/05/2007 : 09:45:52 AM
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| Interesting. Maybe someone can start a "death pool", like some celebrity death pools. |
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LI Finance
3217 Posts |
Posted - 01/05/2007 : 09:50:31 AM
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Morgan Stanley bought Saxon
Lime bought Meritage |
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Kevin@SebringCap
18 Posts |
Posted - 01/05/2007 : 10:35:33 AM
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It's spelled Sebring.
I'm just say'n :) |
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bash702
63 Posts |
Posted - 01/05/2007 : 10:40:27 AM
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| Secured Funding is out too |
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ewinits
457 Posts |
Posted - 01/05/2007 : 10:46:54 AM
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| First Continental |
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Loan Funder 1
536 Posts |
Posted - 01/05/2007 : 10:49:29 AM
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Jacqueline,
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Loan Funder 1
536 Posts |
Posted - 01/05/2007 : 10:50:13 AM
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Jacqueline,
When and where did you hear Secured Funding went down? |
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isitfree
764 Posts |
Posted - 01/05/2007 : 10:51:41 AM
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quote:
Originally posted by jasonponeil
SeaBring
Saxon
First NLC
Meritage
Own IT.
any others?
Jason, First NLC closed more loans last month than ever in their history. The rep was in my office yesterday. |
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johnnyboy38109
3023 Posts |
Posted - 01/05/2007 : 11:07:26 AM
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| Lime absorbed Meritage.......from what I've heard from a friend who was at Meritage when it went down, there wasn't anything left to buy. |
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bash702
63 Posts |
Posted - 01/05/2007 : 11:08:49 AM
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| Secured Funding posted it on their website at www.securedwholesale.com |
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sandovalser
770 Posts |
Posted - 01/05/2007 : 11:10:22 AM
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SAXON WAS BOUGHT
quote:
Originally posted by jasonponeil
SeaBring
Saxon
First NLC
Meritage
Own IT.
any others?
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Loan Funder 1
536 Posts |
Posted - 01/05/2007 : 11:15:08 AM
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| I wonder if their (Secured Funing)Retail is still going strong? I started there years ago and they were a strong company. Wasn't impressed with their wholesale service though. |
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adamlp
215 Posts |
Posted - 01/16/2007 : 1:06:24 PM
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quote:
Originally posted by johnnyboy38109
Lime absorbed Meritage.......from what I've heard from a friend who was at Meritage when it went down, there wasn't anything left to buy.
My understanding is that Lime quit funding as of last week, due to the absorption or maybe they're going too? |
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bayfieldkid
2287 Posts |
Posted - 01/16/2007 : 1:13:36 PM
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| www.lenderimplode.com |
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pfc1979
103 Posts |
Posted - 01/16/2007 : 1:42:22 PM
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| I heard Secured Funding's retail division is still going but they did close down their wholesale division. |
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msancheznj
2242 Posts |
Posted - 01/16/2007 : 1:57:19 PM
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| Hey Bayfield I see that you a ChavezWatch on you webpage. I myself am from Venezuela and I can tell you that guy is nuts. |
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SoCalNotaryLO
72 Posts |
Posted - 01/16/2007 : 2:15:09 PM
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I just read this morning that Lehman Bros are looking into buying out and funding all MLN paper MortgageLedger.com
quote:
Originally posted by kenmorr23
MLN
Maribella
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bayfieldkid
2287 Posts |
Posted - 01/16/2007 : 2:20:02 PM
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| Don't hold your breath, it's not a done deal yet..... |
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Merc
23 Posts |
Posted - 01/16/2007 : 3:02:01 PM
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| Don't forget QUOTEMEARATE.COM. |
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rudeness
2670 Posts |
Posted - 01/16/2007 : 3:11:04 PM
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| I hear Lehman is bailing out MLN... any truth to it? |
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SoCalNotaryLO
72 Posts |
Posted - 01/16/2007 : 3:13:14 PM
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Can't say how much truth there is to it, but the artciale is in MortgageLedger.com
quote:
Originally posted by rudeness
I hear Lehman is bailing out MLN... any truth to it?
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schultz.fir
892 Posts |
Posted - 01/17/2007 : 02:36:15 AM
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| I had a loan close with MLN that was to fund 12/28 (that they had the nerve to push to close AND charge the client an "expedite" fee)..never happened. No volunteering from Lehman to step up, either. No phone calls from anyone. Thank you to New Century for bailing out my deal! Closed AGAIN over a week ago and this time funded!!!!! |
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Coffee Is 4 Clos
1635 Posts |
Posted - 01/17/2007 : 05:04:55 AM
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| MLN IS LEHMAN BROS.... 10000 posts about it. Finalized, done, happened already and verified in print and also verbally to me from BNC reps and I even received an email from my MLN rep announcing it. |
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flmortgagedr
286 Posts |
Posted - 02/03/2007 : 12:18:38 PM
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who did
or
who SHOULD have?
haha |
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denawebster
106 Posts |
Posted - 02/03/2007 : 1:01:26 PM
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| Aegis subprime is now with Aegis Wholesale. They merged both companies together. |
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rchamberlain
31 Posts |
Posted - 02/03/2007 : 1:06:16 PM
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| go to this website......http://www.mortgageimplode.com/ |
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Douggie
1367 Posts |
Posted - 02/03/2007 : 10:04:04 PM
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| Douggie wholesale was bought out by Douggie prime. But Douggie is wondering if it was a good move or not....so they may split up again. |
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