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Sea Breeze Financial Services - Wholesale Alt-A

2007-08-31

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Sources have informed us that Sea Breeze Financial Services, Inc. (seabreezemortgage.com) has ceased their wholesale operations effective August 31st (Note: "Sea Breeze Financial Services, Inc." is not to be confused with "SeaBreeze Financial, LLC", located in Miami, Florida, which is an entirely separate entity). One source noted the following regarding Sea Breeze:

Around 80mm+ a month [in loan volume] last year. They were great to work with. Their last day was Friday. They were primarily Alt-A wholesale lenders.

We have confirmed Sea Breeze's closure via phone. Estimates we've received put the number of employees affected by the closure at around 30.

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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.