Madison Equity Loans - Wholesale lender

2007-03-31

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Word started trickling in about a week ago that Madison Equity had stopped lending. However, we were unable to confirm until we found this notice on their website:

Due to well publicized current market conditions affecting the entire mortgage industry, Madison Equity Corporation will no longer be accepting applications nor registrations from our wholesale and correspondent channels.

Madison Equity will be transferring our wholesale pipeline to Imperial Lending LLC

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Comments:

seasol000 at 11:28 2009-01-16 said:

Call us if you are unable to make your house payments now!! Loan Modifications with rates as low as 1 - 3 % fixed are now possible. Our Attorneys re-negotiate your current loan. Have you had a hard ship that has caused you to fall behind on your home payments such as an ARM adjusting or loss of income? Call us TODAY before it gets worse. Our Attorney has been doing Modifications for 10 years and gets great results. Do not wait to lose your home to Foreclosure!

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Seasol

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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.