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"Imploded" Company Reference List - Alphabetical

Imploded Lenders(tm):
2007-12-18 : 1st Choice Mortgage
2007-06-27 : ACT Mortgage
2007-11-05 : AMC Lending
2007-09-27 : Aapex Mortgage (Apex Financial Group)
2007-08-22 : Accredited Home Lenders, Home Funds Direct
2006-04-14 : Acoustic Home Loans
2007-08-06 : Aegis
2007-07-23 : Alera Financial (Wholesale)
2007-09-07 : All Fund Mortgage
2007-07-13 : Alliance Bancorp
2007-06-26 : Alliance Mortgage Banking Corp (AMBC)
2008-01-25 : Allied Lending Corp. (Wholesale)
2008-01-29 : Allpointe Mortgage (Broker Program)
2007-08-28 : Allstate Home Loans / Allstate Funding
2007-04-10 : Alterna Mortgage
2007-08-06 : Alternative Financing Corp (AFC) Wholesale
2007-06-27 : Altivus Financial
2008-04-10 : AmeriBanc Corp.
2008-04-11 : American Bank Mortgage Group - Wholesale
2007-1-30 : American Freedom Mortgage, Inc.
2007-08-02 : American Home Mortgage / American Brokers Conduit
2007-03-16 : Ameriquest, ACC Wholesale
2007-03-05 : Ameritrust Mortgage Company (Subprime Wholesale)
2007-08-22 : Amstar Mortgage Corp
2006-11-21 : Axis Mortgage & Investments
2008-01-25 : BF Saul Wholesale Lending
2007-08-22 : BNC Mortgage (Lehman)
2007-12-19 : BSM Financial
2007-10-25 : Bank of America (Wholesale)
2007-12-4 : BayRock Mortgage
2008-03-16 : Bear Stearns Mortgage
2008-02-01 : Beazer Mortgage Corp.
2007-06-27 : Bridge Capital Corporation
2007-10-18 : BrooksAmerica Mortgage Corp.
2007-06-01 : Bryco (Wholesale)
2007-09-11 : C & G Financial
2007-09-10 : CFIC Home Mortgage
2007-08-28 : CIT Home Lending
2007-08-16 : Calusa Investments
2007-08-23 : Capital Six Funding
2008-05-07 : Casa Blanca Mortgage/Shearson - Wholesale
2007-08-31 : Castle Point Mortgage
2008-03-31 : Centennial Mortgage and Funding, Inc./Award Mortgage
2008-04-02 : Century Bank, F.S.B. - Wholesale
2007-11-27 : Charter One (Wholesale)
2007-08-20 : Chevy Chase Bank Correspondent
2007-07-12 : Choice Capital Funding
2008-04-25 : Citi Residential Lending
2008-03-17 : CitiMortgage - Home Equity Wholesale
2007-12-03 : Citigroup - FCS Warehouse
2007-11-05 : Citimortgage Correspondent (2nds)
2007-01-08 : Clear Choice Financial/Bay Capital
2007-12-12 : Coast Financial Holdings/Coast Bank
2007-02-16 : Coastal Capital
2007-05-17 : Columbia Home Loans, LLC
2007-12-6 : ComUnity Lending
2008-01-18 : Community Resource Mortgage
2007-06-26 : Concord Mortgage Wholesale
2007-01-31 : Concorde Acceptance
2007-03-17 : CoreStar Financial Group
2008-01-11 : Countrywide Financial Corp.
2007-11-14 : Countrywide Specialty Lending
2007-04-30 : Dana Capital Group
2007-09-21 : Decision One (HSBC)
2007-01-31 : DeepGreen Financial
2007-12-6 : Delta Financial Corp
2007-08-09 : Deutsche Bank Correspondent Lending Group (CLG)
2007-10-24 : Diablo Funding Group Inc.
2008-04-03 : Diversified Mortgage, Inc.
2007-7-13 : Dollar Mortgage Corporation
2007-03-02 : DomesticBank (Wholesale Lending Division)
2008-04-22 : E*Trade Wholesale Lending
2008-01-30 : E-Loan (Wholesale)
2007-02-12 : ECC Capital/Encore Credit
2007-02-25 : Eagle First Mortgage
2008-03-14 : East West Mortgage Co. of VA
2007-11-07 : Edgewater Lending Group
2007-12-4 : Empire Bancorp
2007-07-25 : Entrust Mortgage
2007-01-19 : EquiBanc
2007-04-02 : EquiFirst
2007-07-31 : Equity Funding Group
2008-05-09 : Evergreen Investment & Carnation Banc
2007-10-31 : Exchange Financial (Wholesale)
2007-09-12 : Expanded Mortgage Credit Wholesale
2007-08-13 : Express Capital Lending
2007-03-09 : FMF Capital LLC
2007-12-20 : Family First Mortgage Corp.
2008-03-28 : Fidelity Home Mortgage Corp. - Wholesale
2007-11-19 : Fieldstone Mortgage Company
2008-01-04 : First American Bank (Wholesale)
2007-04-02 : First Consolidated (Subprime Wholesale)
2007-12-19 : First Fidelity Financial
2008-02-28 : First Franklin - Merrill Lynch
2007-04-11 : First Horizon Subprime, Equity Lending
2007-08-15 : First Indiana Wholesale
2007-12-11 : First Madison Mortgage
2007-08-16 : First Magnus
2007-10-12 : First Mariner Wholesale
2008-01-11 : First NLC Financial Services
2007-08-21 : First National Bank of Arizona
2008-02-25 : First National Mortgage Sources
2007-04-09 : First Source Funding Group (FSFG)
2007-06-18 : First Street Financial
2007-10-26 : FirstBank Mortgage
2007-07-07 : FlexPoint Funding (Wholesale & Retail)
2007-07-20 : Flick Mortgage/Mortgage Simple
2007-10-02 : Foxtons, Inc.
2007-07-02 : Freestand Financial
2007-03-02 : Fremont General Corporation
2007-01-19 : FundingAmerica
2007-08-15 : GEM Loans / Pacific American Mortgage (PAMCO)
2008-03-06 : Global Mortgage, Inc.
2007-08-20 : GreenPoint Mortgage - Capital One Wholesale
2007-08-30 : Group One Lending
2008-05-01 : Guaranty Bank - Correspondent
2007-03-29 : H&R Block Mortgage
2007-03-22 : HSBC Mortgage Services (correspondent div.)
2006-12-20 : Harbourton Mortgage Investment Corporation
2007-12-26 : Heartland Wholesale Funding
2007-06-26 : Heartwell Mortgage
2007-06-04 : Heritage Plaza Mortgage
2007-04-13 : Home 123 Mortgage
2007-04-16 : Home Capital, Inc.
2007-04-20 : Home Equity of America
2007-08-28 : Home Loan Specialists (HLS)
2007-08-07 : HomeBanc Mortgage Corporation
2007-04-12 : Homefield Financial
2007-12-21 : Homefront Mortgage Inc.
2007-05-03 : Homeland Capital Group
2007-10-23 : Honor State Bank
2007-06-04 : Horizon Bank Wholesale Lending Group
2007-09-20 : Impac Lending Group
2007-04-19 : Innovative Mortgage Capital
2007-03-15 : Investaid Corp.
2007-02-26 : Ivanhoe Mortgage/Central Pacific Mortgage
2008-02-21 : KH Financial
2007-03-22 : Kellner Mortgage Investments
2007-08-13 : Kirkwood Financial Corporation
2008-03-27 : LMI Funding, Inc.
2007-06-04 : Lancaster Mortgage Bank (LMB)
2008-01-17 : Lehman/Aurora Loan Services
2007-02-08 : Lender's Direct Capital Corporation (wholesale division)
2007-08-13 : Lexington Lending
2007-11-1 : Liberty American Mortgage
2007-03-20 : LoanCity
2007-09-14 : Long Beach (WaMu Warehouse/Correspondent)
2007-04-04 : LowerMyPayment.com
2007-09-05 : LownHome Financial
2008-02-21 : Lydian Mortgage
2007-04-20 : MILA
2006-12-29 : MLN
2007-08-08 : MLSG
2008-03-10 : Macquarie Mortgages USA Inc.
2007-03-31 : Madison Equity Loans
2007-01-24 : Mandalay Mortgage
2007-03-10 : Maribella Mortgage
2007-11-15 : Marlin Mortgage Company
2007-03-14 : Master Financial
2008-01-15 : Maverick Residential Mortgage
2007-08-16 : Mercantile Mortgage
2006-05-06 : Merit Financial
2006-11-08(?) : Meritage Mortgage
2007-01-25 : Millenium Bankshares (Mortgage Subsidiaries)
2007-04-27 : Millenium Funding Group
2008-03-25 : Millennium Mortgage - Wholesale
2008-04-24 : Montgomery Mortgage Capital Company
2007-08-23 : Mortgage Investors Group (MIG) - Wholesale
2007-05-16 : Mortgage Tree Lending
2007-11-12 : MortgageIT-DB (Retail)
2007-08-07 : Mylor Financial
2007-05-02 : Nation One Mortgage
2007-12-31 : National City Corp. (Wholesale)
2008-03-31 : National Wholesale Funding
2007-07-28 : Nations Home Lending
2007-09-24 : Nationstar Mortgage
2007-05-21 : NetBank Funding, Market Street Mortgage
2007-03-08 : New Century Financial Corp.
2007-10-12 : New State Mortgage Company
2008-03-12 : New Vision Residential Lending
2007-06-01 : No Red Tape Mortgage
2007-08-17 : NovaStar, Homeview Lending
2008-02-20 : OMG Wholesale Lending
2007-06-08 : Oak Street Mortgage
2007-04-19 : Opteum (Wholesale, Conduit)
2007-08-01 : Optima Funding
2007-12-04 : Option One - H&R Block
2008-03-13 : Origen Financial, Inc. (Correspondent)
2007-01-08 : Origen Wholesale Lending
2006-12-07 : OwnIt Mortgage
2007-12-21 : PNC Bank H.E.
2007-10-12 : Paragon Home Lending
2007-11-26 : Paul Financial, LLC
2007-03-14 : People's Choice Financial Corp.
2007-04-05 : People's Mortgage
2007-04-11 : Platinum Capital Group (Wholesale)
2007-01-09 : Popular Financial Holdings
2008-01-28 : Popular Warehouse Lending
2007-01-03 : Preferred Advantage
2007-07-11 : Premier Mortgage Funding
2007-08-30 : Premium Funding Corp
2007-10-22 : Priority Funding Mortgage Bankers
2007-05-25 : Pro 30 Funding
2007-08-22 : Quality Home Loans
2007-08-16 : Quick Loan Funding
2007-11-05 : ResMAE Mortgage Corp.
2008-01-16 : Residential Mortgage Capital
2008-02-22 : Resource Mortgage (Wholesale)
2007-06-07 : Right-Away Mortgage
2007-01-23 : Rose Mortgage
2007-09-28 : SCME Mortage Bankers
2008-02-13 : Saxon Mortgage (Wholesale)
2007-08-31 : Sea Breeze Financial Services
2006-12-06 : Sebring Capital Partners
2007-12-7 : Secured Bankers Mortgage Company (SBMC)
2007-01-05 : SecuredFunding
2008-04-21 : Shearson Financial Network, Inc.
2007-02-14 : Silver State Mortgage
2007-04-09 : Solutions Funding
2008-01-03 : Soma Financial
2007-04-02 : SouthStar Funding
2007-12-10 : Southern Star Mortgage
2006-12-15 : Sovereign Bancorp (Wholesale Ops)
2007-08-15 : Spectrum Financial Group
2007-07-06 : Starpointe Mortgage
2007-06-29 : Steward Financial
2007-07-07 : Stone Creek Funding
2007-01-25 : Summit Mortgage
2007-10-12 : Summit Mortgage Company
2007-03-22 : Sunset Direct Lending
2007-07-31 : Sunset Mortgage
2007-10-12 : The Lending Connection
2007-05-25 : The Lending Group (TLG)
2007-09-12 : The Mortgage Store Financial
2007-06-18 : The Mortgage Warehouse
2007-12-07 : TransLand Financial
2007-08-28 : Transnational Finance Wholesale
2007-11-16 : Tribeca Lending Corp. (Wholesale)
2007-03-05 : Trojan Lending (Wholesale)
2007-08-08 : Trump Mortgage
2007-11-14 : UBS Home Finance
2008-02-29 : Unique Mortgage Solutions (UMS, LLC)
2007-07-02 : Unlimited Loan Resources (ULR)
2007-10-18 : Valley Vista Mortgage
2007-11-16 : WAMU Comm. Correspondent
2007-10-12 : WMC
2007-12-12 : WaMu (Subprime)
2007-03-06 : Wachovia Mortgage (Correspondent div.)
2007-03-30 : Warehouse USA
2008-04-07 : Washington Mutual - Wholesale
2008-03-10 : Washington Savings Bank, F.S.B. - Wholesale
2007-11-20 : Webster Bank (Wholesale)
2007-09-27 : Wells Fargo (various Correspondent and Non-prime divisions)
2007-11-26 : Wells Fargo - Home Equity
2007-12-12 : Wescom Credit Union
2007-08-02 : Winstar Mortgage
2007-04-04 : Zone Funding
Non-Imploded List:

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:

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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.