Mortgage Dead Pool

Okay, I did not believe it until I read the datasheet on this product. The Digital Fuel Mizer works at helping any driver increase their gas mileage. Its simple to install and ABC News just cove...

http://mortgagedead.blogspot.com/2008/06/digital-fuel-mizer-works.html

Great. It happened. I was let go today by a California bank that did not have the balls to tell me in person that I was getting let go. They actually emailed me! Can you believe that. I sent this...

http://mortgagedead.blogspot.com/2008/03/i-was-let-go-today-by-national-bank.html

STUART, FL - Two more mortgage entities are closing doors this week resulting in approximately 700 more job losses for industry professionals. Approximately 650 workers at First Franklin and it...

http://mortgagedead.blogspot.com/2008/03/first-frankling-goes-bye-bye.html

Dear Valued Customer, As you are all well aware, the secondary markets are currently very volatile, and, in fact, other than the GSEs and Ginnie Mae, there is virtually no secondary market liqui...

http://mortgagedead.blogspot.com/2007/08/has-demise-of-indymac-bank-started.html

Since WJ Bradley Company could not work an acquisition deal, Mortgage Tree Lending has been chopped down.

http://mortgagedead.blogspot.com/2007/05/mortgage-tree-lending-bye-bye.html

OceanFirst Financial Corp. said it decided to close down its mortgage banking subsidiary as the unit incurred significant operating losses in the last two quarters from subprime mortgage loan ori...

http://mortgagedead.blogspot.com/2007/05/columbia-home-loans-llc-is-official.html

First Consolidated Mortgage Co. is closing down, a spokeswoman confirmed Thursday. A month ago, the wholesaler told its brokers it would stop accepting subprime business. First Consolidated repor...

http://mortgagedead.blogspot.com/2007/05/texas-wholesaler-shuts-down.html

Just in.............................. Effective immediately, we will no longer accept Wholesale submissions for approval. It has truly become impossible for us to compete in the current environm...

http://mortgagedead.blogspot.com/2007/05/homeland-capital-group-goes-kaput.html

I just received this email from a former AE from New Century. Some of you may or may not have heard the news yet. Unfortunately as much as this is a shock to myself and everyone at our company i...

http://mortgagedead.blogspot.com/2007/05/new-century-is-finally-gone-for-good.html

There has been rumors that Dana Capital was going under. This was confirmed as of Monday. I personally went in to their office today to pick up a check for a file they´ve been holding funds on ...

http://mortgagedead.blogspot.com/2007/05/dana-capital-is-closed-for-good.html

Hot off the press.................. Dear Broker; Effective immediately, Nation One Mortgage Company, Inc. is ceasing the origination of all mortgage loans. No new loan submissions are being acc...

http://mortgagedead.blogspot.com/2007/05/nation-one-mortgage-shuts-down.html

The fallout continues. Just in.... First Consolidated Mortgage is no longer closing or accepting submissions for wholesale subprime loans.

http://mortgagedead.blogspot.com/2007/05/first-consolidated-exits-subprime-biz.html

Just in..... Crevecor mortgage is gone but a rumor has started that the company is renaming itself Heartland Funding/Mortgage. Keep you posted.

http://mortgagedead.blogspot.com/2007/05/crevecor-goes-under.html

Just in...... Due to the current market conditions in our industry, Millennium Funding Group has elected to discontinue origination of residential mortgage loans. Effective immediately , we will...

http://mortgagedead.blogspot.com/2007/04/millennium-funding-group-folds.html

Employees at wholesaler Mortgage Investment Lending Associates Inc. (MILA) got an unpleasant surprise when they opened their e-mail last Friday: "It is with deep regret that due to ongoing negati...

http://mortgagedead.blogspot.com/2007/04/e-mail-to-mila-workers-business-ends.html

Loan production fell once more at Washington Mutual Inc. as quarterly earnings dropped 20% on subprime troubles, prompting the company to refinance up to $2 billion of their high-risk mortgages a...

http://mortgagedead.blogspot.com/2007/04/1q-wamu-originations-down-as-earnings.html

Real Estate Investment Trust (REIT) Opteum Inc. has announced that it has stopped accepting new applications through the conduit and wholesale mortgage origination channels at its subsidiary, Opt...

http://mortgagedead.blogspot.com/2007/04/opteum-stops-taking-applications-for.html

WMC Mortgage, the subprime unit of General Electric Co., announced it would eliminate more than 50% of its staff as Residential Capital, the mortgage unit of GMAC LLC said it was terminating abou...

http://mortgagedead.blogspot.com/2007/04/wmc-mortgage-cuts-50-of-staff-rescap.html

http://mortgagedead.blogspot.com/2007/04/list-continues-to-grow.html

As of 4/20/2007 rumor has it that Mortgage Investment Lending Associates (MILA) is going under. At 4:30 CST the web site was down with the home page listing a thank you page to all the brokers th...

http://mortgagedead.blogspot.com/2007/04/mila-goes-under.html

An Option One Mortgage Corp. subsidiary is closing its doors. AcuLink Mortgage Solutions LLC has filed a Worker Adjustment and Retraining Notification Notice with Florida indicating it will lay o...

http://mortgagedead.blogspot.com/2007/04/h-mortgage-corp-adds-lay-offs.html

Residential Capital will eliminate more than 1,000 jobs as the company tries to regain its footing amid a severe slump in the subprime mortgage market. The Bloomington-based mortgage lender, one ...

http://mortgagedead.blogspot.com/2007/04/rescap-to-cut-1000-more-jobs.html

Both First Horizon Home Loans and First Source Funding Group Inc. have shut down their nonprime wholesale lending channels as Homefield Financial announced the closing of its Alt-A wholesale lend...

http://mortgagedead.blogspot.com/2007/04/three-wholesale-lenders-shut-door-on.html

The warehouse lending subsidiary of NovaStar Financial Inc. is getting out of the mortgage industry. According to a statement posted on their website, Warehouse USA Capital Corp. has stopped taki...

http://mortgagedead.blogspot.com/2007/04/warehouse-usa-takes-exit_09.html

Columbia, Md. based company, Fieldstone announced it is consolidating operations and trimming staff. Six wholesale operations offices will be shut down immediately, however, the Account executive...

http://mortgagedead.blogspot.com/2007/04/fieldstone-cuts-14-of-workforce.html