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Mylor Financial - Wholesale A, Alt-A, Subprime

2007-08-07

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Mylor Financial (mylorfinancial.com) sent out an announcement yesterday that they had ceased operatinos:

***Announcement***

To: All Brokers
From: Management
Date: 8/06/07
Subject: Mylor Financial

It is with great sadness that we must announce that as of today, Mylor Financial has ceased all operations. We wish to thank you very much for your relationships through the years.

Please contact your Account Executive for status and assistance in returning any loans that are currently in our pipeline.

Thank you,
Management

Estimates we have received place Mylor Financial's monthly loan volume at peak between $70 and 100 million per month.

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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.