Steward Financial - Alt-A Wholesale Lender
(Note: this entry is being retroactively added as of July 30, 2007). Steward was a Carlsbad, CA-based lender. We have been hearing information regarding a shutdown of Steward since as far back as May 10th. A typical notice from around June 29th, when we're considering the "definitive" closure date, reads:
Apparently the second paragraph was from Glen Steward himself (CEO of the company). More details on the company were reported to us in an email received July 28th:
Apparently many of the employees, including the CEO, took jobs with LoanLink.
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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.