First Mariner Wholesale - Wholesale Alt-A

2007-10-12

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stories: consumermortgagereports.com

We're unsure of the scale of this unit of First Mariner Bancorp of Baltimore, MD, but are provisionally listing it as it has been definitively "imploded" (see the story above). A source reported in late June that First Mariner had to repurchase as much as $50 million in bad loans.

If you have more details on this company, please send them our way.

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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.