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 pipeline will be honored. For more information, please contact 1-888-236-8391.

Nationstar Mortgage servicing operations are unaffected by this announcement. If you are a current customer of Nationstar Mortgage, please visit http://www.nationstarmtg.com or call our Customer Service department at 1-888-480-2432."

Word has been coming that this would happen, they have been shutting down their retail branches as well.

John Thomas - Citizens Lending Group

Delaware Mortgage Loans