Trump Mortgage - You're Fired (Again)

Looks like the Donald isn't immune to the mortgage meltdown.   Trump Mortgage is closing its doors less than two years after opening, although Trump has sold licensing rights to First Meridian Mortgage.  You may also remember that shortly after, I said that Trump getting into mortgages was the last straw and that it signaled we were truly in a real estate bubble.   

I hate to brag, but I guess I was right.  :)

Given all the specuvestors buying up Trump's condotel's in  major bubble areas like Miami and Vegas with Alt-A products mortgage products this really isn't surprising.

www.smartmortgageadvice.com

 
Posted by Russ Martin Residential Mortgage Advisor on 08/07/2007 09:55 PM   Comments (8)    

8 Comments on Trump Mortgage - You're Fired (Again)

That's too funny, who the heck would go to trump mortgage?

08/07/2007 10:10 PM by Connecticut FHA LOANS,CT VA Loans CT First Time Home Buyer:CT Home Loans (www.BenchmarkCT.com: CT Commercial Loans)

I did a loan with them!

08/07/2007 10:11 PM by Ricardo Bueno - Mortgage Planner (World Wide Credit Corporation)

LOL. Just kidding :)

But I did hear the news on CNBC this morning.

08/07/2007 10:12 PM by Ricardo Bueno - Mortgage Planner (World Wide Credit Corporation)

Well Done, you should be on CNBC, if not CLTV to start! 

08/07/2007 10:26 PM by Open Home Mortgage - Georgia's FHA Loan Expert (Open Home Mortgage - Georgia FHA Loan # 1 Lender)

I love the Donald, but then again I live in a market where the car dealers sell mortgages!

 

Bob Mitchell

ValueList Real Estate Services, Inc. 

08/07/2007 10:58 PM by ValueList Real Estate Services, Inc.

First his TV show gets cancelled, then his mortgage business goes down.  Life for the poor Donald is tough!

08/08/2007 08:54 AM by Patricia Kennedy (Evers & Company)

I thought it was interesting to see Trump get into the mortgage world as well...I figured this would come. Really not surprised.

08/08/2007 12:56 PM by Rick Grand (Oregon Real Estate Properties)

I just saw this news yesterday. We're living in strange and interesting time.  The Donald now gets to sit on the other side of the table. Well, at least he made the exit without excess fanfare and publicity.

08/08/2007 05:48 PM by Lola Audu~ Audu Real Estate~ Grand Rapids, MI Broker

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Loan Officer: Russ Martin Residential Mortgage Advisor (Perl Mortgage)
Russ Martin Residential Mortgage Advisor
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