how to obtain a social security number: The end of the ITIN mortgage...? - 10/26/08 02:17 AM
Earlier this week Banco Popular the #1 provider of ITIN mortgages completely exited the ITIN mortgage market with the following announcement.
"Effective October 31, 2008, the Banco Popular Mortgage division will discontinue our mortgage lending programs. Because of continuing distress in the U.S. economy, Banco Popular will exit all niche business lines that are non-deposit generating operations. The restructuring plan is a direct result of the turbulent times currently faced by financial institutions. Streamlining operations will allow our parent company, Popular, Inc. to focus on increased profitability and lower credit costs.Loan file submissions will be accepted until October 31, 2008. If … (4 comments)