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Mortgage lenders still falling like hot cakes

Here is the latest and the greatest on subprime lenders

** Sunset Direct Lending- RIP

** Kellner Mortgage Investments -RIP

**Fairfield Financial Mortgage Group, Inc - to merge with Savings

Institute Bank and Trust on April 1, 2007. Name will change to: SI

Mortgage Corp.

**Encore Credit - bought by Bear Stearns

**ResMae Mortgage Corportion - bought by Citadel

**American Mortgage Network (Amnet) - merged with Wachovia Bank

**World Savings - merged with Wachovia Bank

**Option One Mortgage - looking for a buyer

**Accredited Home Lenders - looking for a buyer

**Equifirst - bought by Barclay's

Posted by Caryll Miller ( Mortgage Specialist!) on 03/30/2007 06:56 PM

Comments (3)

subprime lenders

3 Comments on Mortgage lenders still falling like hot cakes

MAR

2007

Wow, isn't it amazing, the rise in foreclosures and the fall of the lenders. Thanks for posting the updated list.

I think your webinar idea is a winner. I would like to sit through one of your webinars if it's OK. IN the spirit of full disclosure, I own my own broker shop. If you don't feel comfortable with it, thats OK too.

I think the survivors in the sub prime arena will make a ton of money. Wish I was one of them.

No problem Debbie

I hope I am one of them too Randal and of course you can join in. There is nothing wrong with networking with others in the business.

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