Macquarie Mortgages USA Inc. - Wholesale
Several have sent us copies of the announcement emailed this morning to brokers and correspondents of Jacksonville, FL based Macquerie Mortgages USA Inc.:
That pretty much clears it up for anyone still wondering about "the strategic direction of Macquarie Bank's North American mortgage businesses" as speculated in this 2008-03-06 Melbourne Herald Sun article. The article goes on to state that Peter Maher, head of Macquarie's banking and financial services group, "confirmed that Macquarie was reviewing the future of its North American mortgage businesses - Macquarie Mortgages USA and the Toronto-based Macquarie Financial."
"Mr Maher stressed that the winding down of the Australian mortgage business did not mean that a similar fate was in store for the North American businesses." The Sydney Morning Herald reported the same day that parent Macquarie Group had announced "it would substantially wind back new lending."
Employees have not yet been told of any plan for layoffs according to one AE we were able to contact. Most links for Correspondent and Broker related pages on their web site no longer work. An archival copy of their Products page can be viewed here.
Macquarie Mortgages USA Inc is a wholly owned subsidiary of Macquarie Group in Sydney, Australia.
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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.