Posts Tagged ‘mortgage implode’

Taylor, Bean and Whitaker -12th largest mortgage lender loses FHA approval.

*** Update – TB&W has closed down mortgage operations!! Taylor, Bean and Whitaker -12th largest mortgage lender loses FHA approval. Taylor, Bean, and Whitaker was one the country’s top wholesale lenders serving 100’s of small mortgage shops across the country. TB&W has 30 days to appeal the suspension but few have won an appeal and […]

2 More National Retail Mortgage Companies Close Doors

Ameritime Mortgage and Residential Loan Centers of America It appears that Ameritime Mortgage, based in Houston, TX and Residential Loan Centers of America, Des Plaines, IL have ceased lending. Their websites are down. Ameritime Mortgage funded loans in over 40 states and offered branch opportunities in around 20 states. RLCA operated in 18 states. Although […]

Another Net Branch Company Shuts It’s Door – Global Mortgage Inc.

I just read the news that another national net branch company – Global Mortgage Inc. located in Clearwater Florida – has declared CH-7 bankruptcy. Global like many others in the net branch segment of the industry was plagued with investor buy backs and operations problems that were caused in part to poor management and also […]