More Mortgagage Lenders Close Doors
More Lenders stop funding new loans and look to be closing their doors. Fieldstone Mortgage stopped funding new loans on July 25th, 2007. Any loans that haven’t already funded by July 25th were dead and would not fund.
American Brokers Conduit stopped funding new loans on July 31st because they could no longer obtain credit to fund loans. ABC hasn’t announced they are going under but the outlook is not good.
ResMae also stopped funding new loans. Entrust Mortgage is no longer funding new loans.