Summit Mortgage - Lending Subsidiary of Summit Financial group

They couldn't sell it, so they shut it down. More on the financials.

H. Charles Maddy, III, President and Chief Executive Officer, commented:

2006 was a difficult year for Summit as we came to terms with a difficult business model in an unforgiving economy. Although we had recognized that Summit Mortgage was not performing up to expectations, we were hopeful that conditions would permit more time to realign these activities. Ultimately, however the continuing uncertainty for performance improvement dictated that it was in the best interest of our shareholders to exit the mortgage business, which we have done.

I also like this little bit on how they're getting reamed from Freddie and Fannie stock:

Fiscal year 2005 results include a $1.5 million pre-tax other-than-temporary non-cash impairment charge, equivalent to $940,000 on an after-tax basis, or $0.13 per diluted share. This impairment charge related to $5.7 million of certain preferred stock issuances of the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation which Summit continues to own.