Concorde Acceptance - Dallas-based Wholesale lender

2007-01-31

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This lender appears to have gone out of business, presumably due to deteriorating demand for primary and secondary loans. We have two independent reports from brokers with word of closure notification.

The ever-vigilant Bakersfield Bubble forwarded this one.

Update, May 5, 2007: The web site of the company is no longer operating.

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Important: This company is on our list of lending operations that have "imploded". However, please note that "imploded" is a 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 "firesale" acquisition. All information here is provisional, and may contain inaccuracies (especially newer information). If you are planning on doing business with this company or any other one listed on this site, you should inquire with them directly on whether they can still meet your needs. Many are still operating in some capacity.