Allstate Home Loans / Allstate Funding - Wholesale, Retail Alt-A, Subprime
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We have learned that Shearson Financial has shut down Allstate Home Loans (DBA Allstate Funding). The Truth About Mortgage reports:
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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.