Unlimited Loan Resources (ULR) - Subprime, Alt-A
2007-07-02
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We've been hearing that ULR has been shutdown now since late June. However, confirmation via their website did not arrive until sometime recently when the following was posted:
NOTICE: Unlimited Loan Resources is No Longer Accepting Any New Deals and has ceased normal business operations. We are sorry for any inconvenience this may cause!
It would seem that you can no longer "Navigate the Subprime Waters with ULR" Regarding ULR's size, we've yet to receive many details on their monthly loan volume or mix; however, one tipster indicated that they had some 300 employees.
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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.