Since late 2006

371

major U.S. lending operations have "imploded"

» AME Financial Corp.
» Envision Lending Group Inc.
» Warren Bank
» Stockton Turner & Company
» The Lending Company Inc. - Wholesale

For the rest » Go to the list!

Housing Crisis News

JPMorgan’s Dimon Hires His Father for Bear Stearns Brokerage - [2009-11-07] - " Theodore “Ted” Dimon, the 78-year-old father of JPMorgan Chase & Co.’s chief executive officer, quit Bank of America Corp.’s M...
A Reader Asks "How Did 558,000 People Lose Their Jobs When Only 190,000 Jobs Were Lost?" - [2009-11-07] - "An astute reader noticed that the BLS press release says that 190,000 jobs were lost from payroll employment, but the number of...
Sri Lanka Boosting Gold Reserves - [2009-11-07] - "Hot on the heels of the Indians the Sri Lankans have wasted no time in turning to gold in order to boost their own gold reserve...
Recent LBO Mega-Deals Have Much Higher Default Rates - [2009-11-07] - "LBOs by Cerberus and Apollo are performing much worse than other private equity deals, while deals by KKR, JP Morgan and Welsh ...
To The SEC: Prove It - [2009-11-07] - "Everyone likes to make a buck. But nobody wants to play in a rigged casino - unless they're one of the people who is either be...

We're Bleeding Jobs, But Blood Loss Is Slowing - [2009-11-07]
Fannie Mae’s Sale of Tax Credits Is A Bad Deal, Treasury Says - [2009-11-07]
Geithner, Brown Split on Tobin Tax as G-20 Seeks Rebalancing - [2009-11-07]
RMBS Ratings Proposal Will Determine Insurers’ Capital Requirements - [2009-11-07]
AIG Taps $4.2 Billion From Treasury for Two Units - [2009-11-07]
BarCap Sees ‘Limited Use’ of Fannie’s Deed-for-Lease Program - [2009-11-07]
Weatherization, rebate programs stimulate state economy - [2009-11-07]
PennyMac Falls After Surprise Loss on Slow Deployment of Assets - [2009-11-06]
THE INFLUENCE GAME: Business aided by jobless bill - [2009-11-06]
US split: Collapse of 'shattered union' to begin with Texas? - [2009-11-06]

Latest Posts from the ML Forum!

RE: Fannie Mae Announces Deed for Lease(TM) Program - IndyMac, which still owes me oney from my construction loan account, is still pursuing foreclosure for not finishing constructi... (3 hours ago)
RE: Why Wholesale Lending is DEAD Forever - Wholesale lending started about twenty years ago insofar as the majority of business. I remember most of it retail for a long t... (6 hours ago)
RE: Brightgreen Home Loans Inc. Failing to Start? - So what's the latest? Are they still around? 1st Met or Bright Green? Anybody out there? ... (15 hours ago)
RE: Fannie Mae calling past clients - Citi bought ABN AMRO's mortgage group a couple years ago to help grow their servicing portfolio. ABN AMRO ended up buying LaSal... (21 hours ago)
RE: Would like to hear about the originators that are killing it - Some of you amaze me. We offer a service. If you are the best, you should get paid like the best. I offer a competitive rate on... (24 hours ago)

Lists

Imploded* Lenders™

(alphabetical)

371. AME Financial Corp.
370. Envision Lending Group Inc.
369. Warren Bank
368. Stockton Turner & Company
367. The Lending Company Inc. - Wholesale
366. Capmark Financial Group Inc.
365. Northeast Mortgage Corp.
364. Security Mortgage Corporation
363. Windsor Capital Mortgage Corp.
362. First Rate Capital Corp.
361. StoneWater Mortgage Corp.
360. First National Bank of the South - Wholesale
359. Senderra Funding - Wholesale
358. Capstone Realty Advisors
357. Granite Mortgage, Inc.
356. Worldwide Financial Resources Inc.
355. Guaranty Bank - Warehouse
354. Colonial Bank
353. Corus Bank
352. America One Finance
351. Taylor, Bean & Whitaker Mortgage Corp. - Wholesale
350. 1st Reverse Financial Services LLC
349. HCI Mortgage
348. BankersWest Funding Corp.
347. American Partners Bank
346. Senior Lending Network
345. BankUnited, F.S.B.
344. Precision Financial, Inc.
343. Accredited Home Lenders, Lone Star Funds
342. Wells Fargo - Small-Cap Commercial
341. Guaranty Bank - GB Mortgage
340. American Sterling Bank
339. Chase Home Mortgage - Construction Lending
338. First Security Loan Corp
337. South Pacific Financial Corp. - Wholesale
336. Home Loan Consultants, Inc.
335. Central States Mortgage
334. HSBC - HFC & Beneficial
333. JPMorgan Chase - Warehouse
332. Ameritime Mortgage Co. LLC
331. Perfect Mortgage - PerfectFHA
330. EquiFirst
329. Residential Loan Centers of America
328. CU National Mortgage
327. Colonial National Mortgage - Wholesale
326. U.S. Mortgage Corp. - Retail
325. First Interstate Financial - Wholesale
324. Realty Mortgage Corp.
323. Vertice
322. USA Home Loans - Wholesale
321. SunTrust Mortgage - FHA Wholesale
320. New South Federal Savings Bank - Wholesale
319. First Federal - Wholesale
318. 21st Mortgage - Wholesale
317. J.B. Nutter & Co. - Wholesale
316. Homebridge Mortgage Bankers - Refinance.com
315. 1st Republic Mortgage Bankers
314. Superior Mortgage Corp - Wholesale
313. Wall Street Financial Corp - Wholesale
312. Fairfield Financial Mortgage Group
311. Chase Prime - Wholesale
310. Sunshine & Madison Mortgage Corp
309. Liberty One Lending
308. Frontier Investment Co.
307. Solstice Capital Group - HSBC
306. MortgageIT
305. HCL Finance Inc. - Wholesale
304. LIME Financial Svcs. - Wholesale
303. Mortgage Network Inc. - Wholesale
302. Fortes Financial - Wholesale
301. HSBC Mortgage Corp. - Wholesale
300. CBRE Realty Finance
299. Franklin Bank, SSB
298. Mortgage Lion, Inc. - Wholesale
297. HMS Capital, Inc.
296. CTX Mortgage Co. - Retail
295. Equity One Commercial
294. Coldstream Financial Svcs.
293. Banco Popular North America - Wholesale
292. Ace Mortgage Funding, LLC
291. E-Loan
290. Gateway Bank, F.S.B. - Wholesale
289. First Call Mortgage Co.
288. Downey Savings and Loan - Wholesale
287. Prospect's Metrocities Mortgage - Wholesale
286. ComCor Mortgage - Wholesale
285. Chevy Chase Bank - Wholesale
284. Washington Mutual - Retail and Warehouse
283. Hometown Commercial Capital
282. Mid Atlantic Capital LLC
281. Kemper Mortgage, Inc.
280. Liberty Mortgage Funding Co.
279. Freddie Mac
278. Fannie Mae
277. Pacific Community Mortgage, Inc. - Gold Reverse, Inc.
276. Homecomings Financial, LLC
275. Thornburg Mortgage
274. CSB Mortgage
273. Carteret Mortgage Corporation
272. Western Residential Mortgage
271. Liberty Home Lending
270. Equipoint Financial Network, Inc.
269. Ideal Mortgage Bankers, Ltd. - Wholesale
268. Silver State Bank - Wholesale
267. Irwin Union Bank & Trust Co. - Wholesale
266. SunTrust Bank Equity Wholesale
265. Wachovia Mortgage, FSB - Wholesale
264. Lehman Brothers SBF
263. IndyMac Bancorp
262. Mortgages Ltd.
261. Wilmington Finance - Wholesale
260. Accredited Home Lenders, Home Funds Direct
259. Assured Lending Corp. - Wholesale
258. Homewide Lending Corporation
257. Vanguard Mortgage & Title, Inc.
256. Chase Home Equity - Wholesale
255. Chase Subprime - Wholesale
254. Evergreen Investment & Carnation Banc
253. Casa Blanca Mortgage/Shearson - Wholesale
252. Guaranty Bank - Correspondent
251. Citi Residential Lending
250. Montgomery Mortgage Capital Company
249. E*Trade Wholesale Lending
248. Shearson Financial Network, Inc.
247. American Bank Mortgage Group - Wholesale
246. AmeriBanc Corp.
245. Washington Mutual - Wholesale
244. Century Bank, F.S.B. - Wholesale
243. Diversified Mortgage, Inc.
242. National Wholesale Funding
241. Centennial Mortgage and Funding, Inc./Award Mortgage
240. Fidelity Home Mortgage Corp.
239. LMI Funding, Inc.
238. Millennium Mortgage - Wholesale
237. Origen Financial, Inc. (Correspondent)
236. CitiMortgage - Home Equity Wholesale
235. Bear Stearns Residential Mortgage
234. East West Mortgage Co. of VA
233. New Vision Residential Lending
232. Washington Savings Bank, F.S.B. - Wholesale
231. Macquarie Mortgages USA Inc.
230. Global Mortgage, Inc.
229. Unique Mortgage Solutions (UMS, LLC)
228. First Franklin - Merrill Lynch
227. First National Mortgage Sources
226. Resource Mortgage (Wholesale)
225. KH Financial
224. Lydian Mortgage
223. OMG Wholesale Lending
222. Saxon Mortgage (Wholesale)
221. Beazer Mortgage Corp.
220. Allpointe Mortgage (Broker Program)
219. Popular Warehouse Lending
218. Allied Lending Corp. (Wholesale)
217. BF Saul Wholesale Lending
216. Community Resource Mortgage
215. Lehman/Aurora Loan Services
214. Residential Mortgage Capital
213. Maverick Residential Mortgage
212. Countrywide Financial Corp.
211. First NLC Financial Services
210. First American Bank (Wholesale)
209. Soma Financial
208. National City Corp. (Wholesale)
207. Heartland Wholesale Funding
206. Homefront Mortgage Inc.
205. PNC Bank H.E.
204. Family First Mortgage Corp.
203. First Fidelity Financial
202. BSM Financial
201. 1st Choice Mortgage
200. Wescom Credit Union
199. Coast Financial Holdings/Coast Bank
198. WaMu (Subprime)
197. First Madison Mortgage
196. Southern Star Mortgage
195. TransLand Financial
194. Secured Bankers Mortgage Company (SBMC)
193. ComUnity Lending
192. Delta Financial Corp
191. BayRock Mortgage
190. Empire Bancorp
189. Option One - H&R Block
188. Citigroup - FCS Warehouse
187. Charter One (Wholesale)
186. Wells Fargo - Home Equity
185. Paul Financial, LLC
184. Webster Bank (Wholesale)
183. Fieldstone Mortgage Company
182. Tribeca Lending Corp. (Wholesale)
181. WAMU Comm. Correspondent
180. Marlin Mortgage Company
179. Countrywide Specialty Lending
178. UBS Home Finance
177. MortgageIT-DB (Retail)
176. Edgewater Lending Group
175. ResMAE Mortgage Corp.
174. Citimortgage Correspondent (2nds)
173. AMC Lending
172. Liberty American Mortgage
171. Exchange Financial (Wholesale)
170. FirstBank Mortgage
169. Bank of America (Wholesale)
168. Diablo Funding Group Inc.
167. Honor State Bank
166. Spectrum Financial Group
165. Priority Funding Mortgage Bankers
164. BrooksAmerica Mortgage Corp.
163. Valley Vista Mortgage
162. New State Mortgage Company
161. Summit Mortgage Company
160. WMC
159. Paragon Home Lending
158. First Mariner Wholesale
157. The Lending Connection
156. Foxtons, Inc.
155. SCME Mortage Bankers
154. Aapex Mortgage (Apex Financial Group)
153. Wells Fargo (various Correspondent and Non-prime divisions)
152. Nationstar Mortgage
151. Decision One (HSBC)
150. Impac Lending Group
149. Long Beach (WaMu Warehouse/Correspondent)
148. Expanded Mortgage Credit Wholesale
147. The Mortgage Store Financial
146. C & G Financial
145. CFIC Home Mortgage
144. All Fund Mortgage
143. LownHome Financial
142. Sea Breeze Financial Services
141. Castle Point Mortgage
140. Premium Funding Corp
139. Group One Lending
138. Allstate Home Loans / Allstate Funding
137. Home Loan Specialists (HLS)
136. Transnational Finance Wholesale
135. CIT Home Lending
134. Capital Six Funding
133. Mortgage Investors Group (MIG) - Wholesale
132. Amstar Mortgage Corp
131. Quality Home Loans
130. BNC Mortgage (Lehman)
129. First National Bank of Arizona
128. Chevy Chase Bank Correspondent
127. GreenPoint Mortgage - Capital One Wholesale
126. NovaStar, Homeview Lending
125. Quick Loan Funding
124. Calusa Investments
123. Mercantile Mortgage
122. First Magnus
121. First Indiana Wholesale
120. GEM Loans / Pacific American Mortgage (PAMCO)
119. Kirkwood Financial Corporation
118. Lexington Lending
117. Express Capital Lending
116. Deutsche Bank Correspondent Lending Group (CLG)
115. MLSG
114. Trump Mortgage
113. HomeBanc Mortgage Corporation
112. Mylor Financial
111. Aegis
110. Alternative Financing Corp (AFC) Wholesale
109. Winstar Mortgage
108. American Home Mortgage / American Brokers Conduit
107. Optima Funding
106. Equity Funding Group
105. Sunset Mortgage
104. Nations Home Lending
103. Entrust Mortgage
102. Alera Financial (Wholesale)
101. Flick Mortgage/Mortgage Simple
100. Dollar Mortgage Corporation
99. Alliance Bancorp
98. Choice Capital Funding
97. Premier Mortgage Funding
96. Stone Creek Funding
95. FlexPoint Funding (Wholesale & Retail)
94. Starpointe Mortgage
93. Unlimited Loan Resources (ULR)
92. Freestand Financial
91. Steward Financial
90. Bridge Capital Corporation
89. Altivus Financial
88. ACT Mortgage
87. Alliance Mortgage Banking Corp (AMBC)
86. Concord Mortgage Wholesale
85. Heartwell Mortgage
84. Oak Street Mortgage
83. The Mortgage Warehouse
82. First Street Financial
81. Right-Away Mortgage
80. Heritage Plaza Mortgage
79. Horizon Bank Wholesale Lending Group
78. Lancaster Mortgage Bank (LMB)
77. Bryco (Wholesale)
76. No Red Tape Mortgage
75. The Lending Group (TLG)
74. Pro 30 Funding
73. NetBank Funding, Market Street Mortgage
72. Columbia Home Loans, LLC
71. Mortgage Tree Lending
70. Homeland Capital Group
69. Nation One Mortgage
68. Dana Capital Group
67. Millenium Funding Group
66. MILA
65. Home Equity of America
64. Opteum (Wholesale, Conduit)
63. Innovative Mortgage Capital
62. Home Capital, Inc.
61. Home 123 Mortgage
60. Homefield Financial
59. First Horizon Subprime, Equity Lending
58. Platinum Capital Group (Wholesale)
57. First Source Funding Group (FSFG)
56. Alterna Mortgage
55. Solutions Funding
54. People's Mortgage
53. LowerMyPayment.com
52. Zone Funding
51. First Consolidated (Subprime Wholesale)
50. SouthStar Funding
49. Warehouse USA
48. H&R Block Mortgage
47. Madison Equity Loans
46. HSBC Mortgage Services (correspondent div.)
45. Sunset Direct Lending
44. Kellner Mortgage Investments
43. LoanCity
42. CoreStar Financial Group
41. Ameriquest, ACC Wholesale
40. Investaid Corp.
39. People's Choice Financial Corp.
38. Master Financial
37. Maribella Mortgage
36. FMF Capital LLC
35. New Century Financial Corp.
34. Wachovia Mortgage (Correspondent div.)
33. Ameritrust Mortgage Company (Subprime Wholesale)
32. Trojan Lending (Wholesale)
31. Fremont General Corporation
30. DomesticBank (Wholesale Lending Division)
29. Ivanhoe Mortgage/Central Pacific Mortgage
28. Eagle First Mortgage
27. Coastal Capital
26. Silver State Mortgage
25. ECC Capital/Encore Credit
24. Lender's Direct Capital Corporation (wholesale division)
23. Concorde Acceptance
22. DeepGreen Financial
21. American Freedom Mortgage, Inc.
20. Millenium Bankshares (Mortgage Subsidiaries)
19. Summit Mortgage
18. Mandalay Mortgage
17. Rose Mortgage
16. EquiBanc
15. FundingAmerica
14. Popular Financial Holdings
13. Clear Choice Financial/Bay Capital
12. Origen Wholesale Lending
11. SecuredFunding
10. Preferred Advantage
9. MLN
8. Sovereign Bancorp (Wholesale Ops)
7. Harbourton Mortgage Investment Corporation
6. OwnIt Mortgage
5. Sebring Capital Partners
4. Axis Mortgage & Investments
3. Meritage Mortgage
2. Acoustic Home Loans
1. Merit Financial

Ailing/Watch List Lenders™:

14. Dynamic Capital Mortgage
13. National City Warehouse
12. 1st Metropolitan Mortgage
11. AmTrust Bank
10. Flagstar Bancorp
9. Velocity Commercial Capital
8. CitiMortgage Wholesale Lending
7. Wachovia - Retail
6. The Mortgage Specialists
5. Bayview Lending Group, LLC
4. American Equity Mortgage, Inc.
3. Meridias Capital
2. Doral Financial Corp.
1. Residential Capital, LLC*

"They're Back"—Lenders Who've Returned:

3. J.B. Nutter & Co. - Wholesale
2. Equipoint Financial Network, Inc.
1. Nationstar Mortgage

Contact us if you're on this list and want to improve your listing.

"Implodes Around The World"

13. [CA] Wells Fargo - Canada
12. [UK] Northern Rock plc
11. [UK] Warwick Finance
10. [IE] First Active - Ulster Bank
9. [UAE] Tamweel PJSC
8. [UAE] Amlak Finance PJSC
7. [AU] GE Money, Wizard Home Loans
6. [UK] Bradford and Bingley plc
5. [DE] Hypo Real Estate Bank
4. [UK] HBOS
3. [UK] Future Mortgages - Citigroup
2. [UK] Advantage - Morgan Stanley
1. [UK] The Mortgage Business plc

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Non-Imploded List™:

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:

Top Non-Imploded Lenders

Assurity Financial Services (Wholesale) : Our Grade: A+ [Supporting brokers with great pricing and fast turn times]
Assurity Financial Services (Retail) : Our Grade: A+ [100% LO payout & best-in-class branch opportunities.]
Key Financial Corporation : Our Grade: A [Key Financial Corporation is a true affiliate branch mortgage lender that specializes in FHA loans and superior customer service.]
Foundation Financial: Our Grade: A+ [Leading Nation-wide lender specializing in residential FHA and Agency backed loans.]

More Lenders & State Specific Lenders

Want to put your company in this spot? Please fill out our web application.

Top Non-Imploded™

Assurity Financial Services (Wholesale) : A+ "Supporting brokers with great pricing and fast turn times"
Assurity Financial Services
(Retail) : A+ "100% LO payout & best-in-class branch opportunities."
Key Financial Corporation : A "A true affiliate branch lender; FHA, customer service specialists."
Foundation Financial : A+ "Leading Nation-wide lender specializing in residential FHA and Agency backed mortgages."

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