credit crisis: Credit Crisis Still Weighs on Wall Street and may be far from Over - 06/07/08 10:09 PM
The chief executives at the world's biggest financial institutions might have been a bit too optimistic by declaring we may be nearing the end of the global credit crisis.
Morgan Stanley's John Mack said in April it had reached its eighth inning or "maybe top of the ninth" of a baseball … (0 comments)

credit crisis: Impac Lending Ceases Wholesale Operations - 09/26/07 10:37 PM
Impac Lending has ceased operations for wholesale and commercial lending.  On September 18th, the company issued a statement explaining it is getting out of the mortgage business except for a couple of retail outlets it currently owns.  Impac Lending was a wholesale Alt-A and sub-prime lender.  Impac Lending has been on … (2 comments)

credit crisis: Nationstar Mortgage is gone - 09/26/07 10:32 PM
Nationstar Mortgage has stopped originating loans and here is an excerpt from an e-mail to wholesale branches;
"We have made the decision to stop all wholesale originations effective September 21, 2007.
Therefore, Nationstar Mortgage is no longer accepting any new loan submissions through any of its wholesale channels. Any approved applications in the … (1 comments)

credit crisis: Decision One is gone - 09/26/07 09:21 PM
The mortgage lender Decision One has stopped originating any new loans and will continue to fund loans that are already in the pipeline that are approved and locked.  If they are not approved then those loans need to find a lender.  Decision One was a sub-prime and Alta-A lender.  They are the latest … (6 comments)

 
Loan Officer: John Thomas (Primary Residential Mortgage Inc.)
John Thomas
Newark, DE
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Primary Residential Mortgage Inc.

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