Since late 2006 | ||
| 257 | ||
major U.S. lending operations have "imploded" | ||
Don't miss our new Non-Imploded Lenders section! | ||
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Tracking the housing finance breakdown: a saga of corruption, hypocrisy, and government complicity.
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Since late 2006 | ||
| 257 | ||
major U.S. lending operations have "imploded" | ||
Don't miss our new Non-Imploded Lenders section! | ||
Sponsored by Waquis. So you think the market is all doom and gloom? Not us. There are actually lenders out there that are operating and focused on smart business fundamentals. Listed below are companies that wish to express that they are still operating in good health and soliciting business:
Want to put your company in this spot? Please fill out our web application. This section is managed by Waquis Global . Waquis is an off-shore outsourcing company focused on the mortgage lending and banking markets. Our clients are more profitable, efficient, and resilient in a challenging market due to off-shoring in countries like India.
Key definitions and disclaimers:
"Imploded" lenders: The "imploded" status is somewhat subjective and does not necessarily mean operations are ceased permanently: it can mean bankruptcy filing, temporary but open-ended halting of major operations, or a "firesale" acquisition. The Companies include all types (prime, subprime, or a mix of both; retail or wholesale; subsidiaries and entire companies). Note: Companies listed here may still be operating in some capacity; check with them before making assumptions.
Ailing lenders haven't shut down, but they're significantly scaling back or are (or recently have been) in manifest financial, legal, or operational distress. Unfortunately, most of the industry now falls under this description, so we are forced to reserve this list for the more glaring cases or those which we happen to have more specific info about.
Note: Lending operations that were previously deemed "imploded" by us but which have returned in some form are shown in darker italics. They remain on the list for historical completeness.
Note 2: This site changes rapidly. You should always check other sources regarding information found here, and check with the companies themselves if you plan on doing business with them. And as always, please let us know if you have corrections, clarifications, or additions.
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Assurity Financial Services (Retail): A |
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| Assurity Financial Services (Wholesale): A | |
| Key Financial Corporation: A- | |
| Megastar Financial Corporation: A+ | |
| Foundation Financial : A |
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| Legal disclosure: While we do strive to confirm all information presented here and qualify all doubtful items, the information on this site is neither definitive nor should it be construed as professional advice. It is a community site that depends on community feedback. Factual or alleged factual information presented here does not originate from ml-implode, and all commentary is purely the opinion of the author(s) of this site, unless otherwise quoted from other sources. You should consult a finance professional before making any decisions based on information found at this site. Financial disclosure (good faith): The contributors to this site may, from time to time, hold short (or long) positions in mentioned and related companies.  The content of this site is available under a Creative Commons Attribution 2.5 License. |