BayRock Mortgage - Sub-prime Wholesale
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Privately held BayRock Mortgage Corporation of Alpharetta, Georgia has closed its Wholesale Lending operations. They will continue Retail operations.
We received the following from President & CEO William M. Medley, Jr.:
With AE's covering 46 States nationwide, Bayrock reports peak business volume had once been as high as $125 million per month. 60 to 70 people will be affected by this closure.
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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.