Altivus Financial - Wholesale, Retail Subprime, Alt-A
Word has come in that Altivus Financial (Both websites are down: www.altivusfinancial.com, www.altivuswholesale.com) has ceased operations. Altivus was based in New Jersey and provided wholesale and retail subprime and Alt A lending services. We have received estimates that place their 2006 loan volume in the range of $600 - $700 million. Their phone number, 973.515.4550, has been disconnected.
Update, August 2nd, 2007: Geneva Mortgage has contacted us to let us know that the statement previously submitted to us and posted which tied Altivus and Geneva is incorrect. Geneva did shut down its wholesale unit, but is still running a retail shop:
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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.