real estate news: the state of mortgage companies in West Michigan
- 08/07/07 10:30 PM
Thought I would chime in on the state of the mortgage business in the area. As many of you have heard, National City is the latest ( and I'm sure not last) to drop a bomb on the West Michigan economy. They are no longer wholesaling home equity lines. This follows the news from American Home Mortgage and Heartwell Mortgage closing up shop due to the downturn in loan activity. It is quite surprising to me that respected names like National City, Heartwell, and AHM are the ones to announce problems. I always thought it would be the known bottom feeders … (0 comments)
Thought I would chime in on the state of the mortgage business in the area. As many of you have heard, National City is the latest ( and I'm sure not last) to drop a bomb on the West Michigan economy. They are no longer wholesaling home equity lines. This follows the news from American Home Mortgage and Heartwell Mortgage closing up shop due to the downturn in loan activity. 
;)
;)
