Lancaster Mortgage Bank (LMB) - Wholesale Alt-A
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From Lancaster Mortgage Bank's website:
From the last archived version of their web site on archive.org , the old "about" page gives the company as "national wholesale lender" and mainly an Alt-A/No-Doc purveyor.
Their address (from the current web site and closure notice) is "Lancaster Mortgage Bankers, LLC - 20 Independence Blvd - Warren, NJ 07059 / Office Phone: (908) 542-9008". The page footer also lists the states they are licensed in: AZ, CO, CT, FL, MA, MD, ME, MO, NH, NJ, NY, NV, PA, RI, VA, VT.
A reader submits that LMB funded approximately $75 million per month "in good times." As we're all well aware, times have changed.
Update, Jun 28th: Some more details of the management and employment situation surrounding the shutdown can be found in the message thread here.
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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.