The folks who got rich have long banked their money and left the bidness .... Is this list long enough for you?
(and note I have not included your typical 6% realtor commisions)
1st Choice Mortgage ? to close, layoffs
Aames Investment Corp ? acquired by Accredited Home Lenders
ABN Amro Mortgage ? 1700 layoffs
ABN-Amro Hypotheken-Gruppe ? stopped lending in Germany
Ace Mortgage Funding ? shut down
Accredited Home Lenders ? ceased wholesale lending for second time in Aug 2008
Accredited Home ? shut down retail lending, ceased wholesale, Lone Star lawsuit
Accredited Home ? agreed to Lone Star buyout
Accredited Home Lenders ? shuts four operations centers, layoffs
ACC Capital Holdings ? mass layoffs, closed Ameriquest, sold wholesale to Citigroup
Acoustic Home Loans ? closed subprime wholesale lender
ACT Mortgage Capital ? suspended all submissions/fundings until further notice
Advantage Home Loans ? closed
Advent Mortgage ? merged with New Equity Mortgage
AIG ? to buy Equity One
Aegis Funding ? closed, seeking bankruptcy protection
Aegis Mortgage Corp. ? laying off 401 employees
Alpha Bank & Trust ? shut down by FDIC
Alliance Bancorp ? closed, filed for Ch. 7 bankruptcy
Alliance Bank (Culver City, CA) ? shut down by FDIC
Alliance Title Co. ? shut down, layoffs
All Fund Mortgage ? rumored to be closed, acquired by Carlile Investments Inc.
Allstate Home Loans ? shut down after buyout
ALT Funding ? believed to have ceased operations
Alterna Mortgage ? New Jersey wholesale lender closed
Alternative Financing Corp. ? wholesale division closed
Altivus Financial ? closed wholesale operations, now believed to be shut down
AMC Lending ?ceases wholesale lending
AMC Mortgage ? acquired by Transnational Financial Network Inc.
AmeriBanc Corp. ? ceased operations
Ameribank Inc. ? shut down by FDIC
AmericasBank ? shut mortgage unit
American Brokers Conduit ? shut down all operations
American Business Financial Services ? closed
American Equity Mortgage ? closing 6 of 30 offices, laying off 40 employees
American Freedom Mortgage ? filed bankruptcy
American Home Mortgage ? closed
American Lending Group ? merged with Premier Mortgage Group
American Mortgage Network ? bought by Wachovia
American Sterling Bank ? halted wholesale lending
Ameriquest ? closed, laid off 3,800, shut 229 retail branches after $325 million settlement
Ameritrust Mortgage Company ? subprime wholesale division closed
AmPro Mortgage closed ? (part of Alliance Bancorp)
Amstar Mortgage Corp. ? most staff laid off, The Money Store to take over by Dec. 15
ANB Financial ? shut down by FDIC for lax lending standards
Anworth Mortgage Asset Corp. ? its Belvedere subsidiary is in default and faces margin calls
Apex Financial Group/Aapex Mortgage ? commission checks delayed, licenses suspended
Apex Mortgage/Aapex Mortgage ? reportedly cease all opertions
APS Mortgages Limited (UK) ? independent brokerage shutting downn
Argent ? sold to Citigroup
Assured Lending Corp ? to exit wholesale lending
Aurora ? stopped wholesale and correspondent lending
Aurora Loan Services ? 160 employees laid off
Aurora Loan Services ? laid off 70 in Florida, 139 in NJ
Aurora Loan Services ? cut 93 jobs in El Toro, CA
Axix Mortgage ? closed
Banco Santander ? to buy UK lender Alliance & Leicester PLC
BankAtlantic ? laid off 115 employees
Bank of America ? to cut up to 35,000 jobs
Bank of America ? to buy Countrywide
Bank of America ? Countrywide merger possibility, continued layoffs
Bank of America ? cutting 3,000 jobs in investment banking unit
Bank of America ? to cease wholesale lending, 700 layoffs
Bank of America ? to cut 650 jobs, sell its prime brokerage unit
Bank of America ? cut 224 jobs in Tampa, 195 in Troy
Bank of America ? to cut 7,500 jobs post merger
Bank of America ? completes purchase of Countrywide
Bank of America ? to buy Merrill Lynch
Bank of Granite and Granite Mortgage Inc. ? to combine, layoffs
BankUnited ? ceased wholesale lending, layoffs
Bank of Clark County ? shut down by FDIC
BankUnited ? to close four wholesale mortgage sales offices, 200 layoffs
BankUnited ? cut another 160 jobs
BankUnited ? cut 115 jobs in Miami Lakes, FL
Barclays Bank PLC ? bought Equifirst
Basis Yield ? Australian hedge fund
files for bankruptcy due to subprime woes
Bath Building Society (UK) ? halt mortgage lending
Bay Capital Corp. ? closed
BayRock Mortgage Corp. ? ceased wholesale lending
Bayview Financial ? cut 60 jobs
BB&T ? bought Collateral Real Estate Capital
BB&T ? to shut subprime wholesale lending unit
BC Bancorp ? shut down
Bear Stearns ? layoffs
Beacon Financial Mortgage Bankers Corp. ? filed bankruptcy
Bear Stearns ? closed two hedge funds after huge subprime losses, 240 subprime layoffs
Bear Stearns ? merging Encore Credit and Bear Stearns Residential Mortgage into one unit
Bear Stearns ? more layoffs
Bear Stearns ? cuts 150 jobs in Irvine, CA
Beazer Mortgage Corp. ? halts loan
origination
Beazer Homes ? closed office, layoffs, subpoenaed for fraud
Beazer Homes ? cut 25% of staff
Belvedere Trust Mortgage ? two default notices, unlikely to pay back loans
Beneficial Finance ? layoffs
BF Saul Wholesale Group ? layoffs and closures, could be dissolved
BlackandWhite.co.uk ? halts lending, layoffs
Blackstone Group ? buying PHH Mortgage
BMC Capital ? to acquire NMB Capital
BNC Mortgage ? filed bankruptcy
BNC Mortgage LLC ? shut down ? consolidated with Aurora Loan Services layoffs
BNC Mortgage ? cut 175 jobs in Nor. Cal, 400 in So. Cal
BNY Mortgage ? changes name to EverBank Reverse Mortgage
Bradford & Bingley (UK) ? nationalized, 370 layoffs
Broad Street Mortgage ? sold to Wausau Mortgage Corp.
BrokerSource ? ceased operations
BrooksAmerica Mortgage Corp. ? temporarily suspended new loan originations
BSM Financial ? closed wholesale unit BrokerSource
Budget Finance Co. ? layoffs
c2 Financial (UK lender) ? to lay off roughly 20 percent of workforce
C & G Financial ? suspended funding/production
C-BASS ? acquired Fieldstone Investment Group, struggling with margin calls
California TD Investments LLC ? filed for bankruptcy
Calusa Investments ? website down, thought to be closed
Cameron Financial Group ? bankrupt
Capital One ? to buy Chevy Chase Bank
Capital One Home Loans ? shutting Overland Park office, 300+ layoffs
Capital One Mortgage ? 2,000 layoffs planned nationwide
Capital Six Funding ? subprime and hard money lender suspended operations
CapitalSource Inc. ? to acquire retail banking operations of Fremont General
Carlile Investments Inc. ? acquired All Fund Mortgage
Carteret Mortgage Corp. ? to be closed down, hundreds of layoffs loom
Castle Point Mortgage ? will no longer accept wholesale broker applications
CBA Commercial ? said to have had sizable layoffs
CBRE Realty Finance ? halted lending
Centennial Mortgage and Funding Inc. / Award Mortgage ? shut down
Centex Home Equity ? changed its name to Nationstar Mortgage
Central Pacific Mortgage ? closed, TMSF cancels deal to acquire company
Century Bank FSB ? to halt wholesale lending
CFIC Home Mortgage ? closing down
Champion Home Builders ? 196 layoffs
Chapel Funding ? bought by Deutsche Bank
Charcol Mortgages (UK) ? cut up to 50 jobs
Charter Funding ? believed to be closed by parent First Magnus Financial
Charter Mortgage ? shut specialty lending unit
Charter One ? exits wholesale lending
Chase ? to buy Bear Stearns
Chase ? closing subprime loan facility in Ontario, CA 91 layoffs
Chase ? Washington Mutual merger
Chase ? wholesale lending division shut down
Chase ? shut home equity and subprime wholesale units, layoffs
Chase ? closed operation centers in CA and NJ
Chase ? shut home equity processing center in Rochester, 300 layoffs
Chase ? cut roughly 100 home equity jobs in Indianapolis
Chase ? cut 9,200 Washington Mutual jobs
Chase Home Finance ? closed retail subprime operations center in Woodcliff, NJ
Chase Home Finance ? shut 430-employee branch in Lexington, KY
Chase Home Lending ? cut 132 jobs in Ohio
Chase Home Lending ? cut 266 jobs in Pennsylvania
Chase Wholesale Lending ? shut four loan centers, cut 175 jobs
Chevy Chase ? layoffs, to stop lending in CA
Chevy Chase ? cut correspondent channel, facing class-action lawsuit
Chevy Chase ? halts construction-to-perm lending
Chevy Chase ? seized wholesale lending
Chevy Chase ? layoffs
Chicago and Dallas Federal Home Loan Banks ? proposed merger off
CHL Mortgages (UK) ? to cut 20% of staff
Choice Capital Funding ? rumored to be closed
CIBC ? layoffs
CIT Group Inc. ? shut down mortgage division 500+ layoffs
CIT Group ? sold remaining mortgage assets to Lone Star Funds
Citadel ? buying ResMAE
Citigroup ? to cut 50,000+ jobs
Citigroup ? layoffs as high as 45,000
Citigroup ? bought ABN AMRO Mortgage Group, acquired assets of Argent Mortgage
Citigroup ? mortgage layoffs reported
Citigroup ? layoffs in collateralized debt obligation unit
Citigroup ? to sell or shut down First Collateral Services
Citigroup ? to layoff 2000 investment bankers/traders
Citi ? to buy Wachovia
Citi ? to cut 9,000 jobs
Citi ? cut about 30 jobs in structured-credit group tied to mortgage losses
Citi ? to close Future Mortgages (UK) and CitiFinancial (UK subprime), layoffs
Citi ? cut 125 jobs in Texas
Citi ? to cut up to 6,500 investment banking jobs
Citi Home Equity ? layoffs
CitiMortgage wholesale ? to cut jobs, drop brokers
CitiMortgage ? layoffs and closures
CitiMortgage ? halts wholesale home equity lending, 500 layoffs
CitiMortgage ? cut 190 wholesale mortgage jobs in Des Moines, IA
CitiMortgage Wholesale ? layoffs, territories realigned
Citi Residential Lending ? retail mortgage unit to be consolidated
Citizens Bank ? mortgage layoffs
Citizens Republic Bancorp ? to cut 60 jobs, mainly from mortgage processing
Clear Choice Financial ? in default, Bankruptcy possible
CMXL ? acquired All Fund
Coast Bank ? sold to First Banks of St. Louis
Cohen Financial ? cut 25% of staff
Coldstream Financial Services ? closed
Collateral Real Estate Capital ? acquired by BB&T
Colonial National Mortgage ? closing operations center in Ohio
Colony Mortgage Corp. ? closed
Columbia Bancorp ? shut mortgage unit, cut 39 jobs
Columbia Home Loans ? subprime lender closed
Columbian Bank and Trust Co. (Kansas) ? shut down by FDIC
Commercial First (UK) ? halted new lending
Commonwealth Bank of Australia ? to acquire Wizard Home Loans
Community Resource Mortgage ? closed its wholesale lending division, layoffs
ComUnity Lending ? halted operations, faces liquidation
Concord Mortgage Co. ? believed to be out of business
Concorde Acceptance ? rumored to be closed
Contact 4 (UK) ? to cut 108 jobs
CoreStar Financial Group ? closed
Countrywide ? closing wholesale fulfillment centers
Countrywide ? shut 16 wholesale loan fulfillment centers
Countrywide ? believed to have shut 46 Full Spectrum Lending branches
Countrywide Correspondent Lending Division ? cut 293 jobs
Countrywide Specialty Lending Division ? layoffs
Countrywide Capital Market Division ? cut 65 jobs
Countrywide ? laid off 73 employees in Canoga Park
Countrywide ? layoffs in subprime , may be bought out by Bank of America
Countrywide cutting up to 12,000 jobs, more about the Countrywide layoffs
County Bank (Merced, CA) ? shut down by FDIC
Credit Suisse ? layoffs, bought LIME Financial
Credit Suisse ? to cut 500 investment banking jobs
Credit Suisse ? to cut 150 jobs in its investment bank unit in UK
Credit Suisse ? cut 210 jobs in NYC
CTX Mortgage ? reportedly for sale
Dana Capital ? closed
DB Home Lending ? consolidated with MortgageIT, layoffs, rumored to be closed
DeepGreen Financial - closed
Decision One ? shut down, layoffs
Delta Financial ? closed offices, 300 layoffs
Delta Financial ? bankruptcy, suspends loan origination
Delta Financial Corp. ? layoffs
Deutsche Bank Correspondent Lending Group ? consolidating business to MortgageIT
Diablo Funding Group ? shut down
Direct Finance Corp. ? acquired First Call Mortgage Co.
Ditech ? 181 layoffs
Ditech.com ? cut 120 jobs at Costa Mesa, CA headquarters
Dollar Mortgage Corp. ? being acquired by Shearson Financial Network
Domestic Bank ? shutting down wholesale unit
Draper and Kramer Mortgage ? merged with 1st Advantage Mortgage LLC
Downeast Mortgage Corp. ? to shut down
Downey Savings ? shut down by the FDIC
Downey Savings ? shut wholesale channel
E-Loan/Banco Popular Wholesale Mortgage ? to cease lending
E-loan ? closed sub-prime wholesale division, layoffs
E-Loan ? layoffs
E-Trade exits wholesale mortgage business
E-Trade ? to halt mortgage lending
Earl Shilton building society (UK) ? halts mortgage lending
Edgewater Lending Group ? halts wholesale lending
Egg Mortgages (Citi-owned UK finance unit) ? no longer accepting applications
Empire Bancorp Mortgage Bankers ? shut down
Encore Bank ? laid off 300 employees
ECC Capital/Encore Credit ? sold to Bear Stearns, 100 layoffs announced Aug. 17
Encore Credit ? laid off 100 Account Executives at wholesale unit in Irvine, CA
Encore Credit ? merging with Bear Stearns Residential Mortgage
Entrust Mortgage ? closed
Equibanc ? closed by Wachovia
Equifirst ? layoffs, bought out by Barclays Bank PLC
EquiFirst ? cut 64 jobs in Arizona
Equipoint ? halted wholesale lending, shut 70+ branches
Equity One (a unit of Popular Inc.) ? cut 147 jobs in Marlton, NJ
Equity Title (owned by Coldwell Banker) ? layoffs
Exchange Financial ? temporarily discontinuing its Wholesale/Correspondent business
Expanded Mortgage Credit ? closed wholesale
Express Capital Lending ? not accepting new submissions until further notice
Family First Mortgage Corp. ? ceases operations, layoffs
Fannie Mae ? layoffs
Fannie Mae ? 200 layoffs
Fannie Mae and Freddie Mac ? bailed out
FBR Capital Markets ? cut 75 jobs
FBR ? selling subprime unit
Fidelity National Financial ? to buy LandAmerica (large title companies)
Fidelity National Financial ? terminated LandAmerica merger
Fidelity National Information Services ? cut 35 jobs in Jacksonville
Fidelity Trust Bank ? selling residential mortgage company Fidelity Trust Mortgage Inc.
Fieldstone Mortgage ? bankruptcy
Fieldstone Mortgage Co. ? halted new business, closed Las Vegas branch, layoffs
Fifth Third Bancorp ? 700 layoffs
Fifth Third ? to discontinue Alt-A lending
Finance America ? closed
Financial Title Company ? closing, layoffs
First Advantage ? acquired CredStar
First American Bank ? to cease wholesale lending
First American Corp. (title insurer
) ? layoffs at 1,900
FirstBank ? to shut down wholesale mortgage division Oct. 31
FirstBank Financial Services ? shut down by FDIC
First Banks of St. Louis ? bought Coast Bank
First Centennial Bank ? shut down by FDIC
First Collateral Services (Citi) ? 126 layoffs
First Collateral Services (Citi) ? cut 150 jobs
First Community Bancorp ? layoffs
First Consolidated Mortgage Co. ? subprime wholesaler shutting down, in dispute
First Federal Bank of California ? halted wholesale lending
First Fidelity Financial ? closed its doors
First Franklin to be shut down, 650 layoffs
First Franklin Financial ? layoffs, sold to Merrill Lynch
First Franklin ? firings/layoffs rumored
First Georgia Community Bank ? shut down by FDIC
First Horizon ? cutting 1,500 jobs, closing 50 offices
First Horizon National Corp. ? divested its subprime mortgage loan portfolio
First Horizon ? discontinued national construction and commercial lending, 160 layoffs
First Horizon ? to sell or shut down mortgage unit
First Indiana Wholesale ? closed wholesale consumer lending operations
First Integrity Bank ? shut down by FDIC
First Madison Mortgage ? shut down
First Magnus ? no longer funding or originating any mortgage loans
First National Bank of Arizona ? halts retail mortgage lending, 35 layoffs
First National Mortgage Sources ? shut down
First NLC bankrupt, halts lending
First NLC Financial Services LLC ? 645 layoffs
First NLC ? layoffs and closures
First Mariner Bancorp ? closed its wholesale mortgage lending unit
First National Bank of Arizona ? shut down by FDIC
First Priority Bank ? closed by FDIC
First Source Funding Group ? closed
First Street Financial ? closed
Fitch Ratings ? to cut 150 jobs
Flexpoint Funding ? reportedly closed wholesale division, now completely shut down
Flick Mortgage ? closed
FMF Capital LLC ? closed
FNBA ? wholesale division and correspondent line shut down, 541 layoffs
Fortes Financial ? halted lending
Fortes Financial ? acquired five former National City regional wholesale offices
Franklin Bank ? shut down by FDIC
Franklin Bank Corp. ? closing warehouse line, layoffs
Franklin Credit Management Corp. ? suspends loan acquisition and origination
Freddie Mac ? cut 100+ jobs
Freedom Bank ? shut down by FDIC
Freestand Financial ? closed
Fremont General ? exited secondary sub-prime market, layoffs
Fremont General ? filed Ch. 11 bankruptcy
Fremont Investment & Loan ? laid off 243 employees in Ontario, CA
Fremont Investment & Loan ? cut 243 jobs in CA
Frost Mortgage ? partnered with First Houston
Foxtons, Inc. ? filed Chapter 11 bankruptcy
FundingAmerica ? not accepting any new business
Gateway Bank ? suspends wholesale lending
GE ? mulling sale of Australian mortgage unit Wizard Home Loans
General Electric ? buying PHH Corporation
GE Money (Ireland) ? halted mortgage lending, cut 80 jobs
GE Money (AU & NZ) ? cut 335 jobs
GE Money Canada ? to halt mortgage lending
Genworth Financial ? cutting roughly 1,000 jobs
Genworth Financial ? acquired Liberty Reverse Mortgage
Global Mortgage Inc. ? to be shut down
GMAC Mortgage ? to shut all 200 retail offices
GMAC Mortgage ? cut 68 jobs in Cherry Hill, New Jersey
GMAC Residential Funding (Canada) ? suspended subprime mortgage origination
GMAC ? in talks to sell Mexican mortgage units to Ixe Bank (Mexico)
GMAC-RFC (UK) ? closed subprime subsidiary High Street Home Loans, 200 layoffs
GMAC-RFC (UK) ? to halt loan origination, 130 layoffs
Golden Empire Mortgage ? closed wholesale division GEM Capital Funding
Golden State TD Investments LLC ? filed for bankruptcy
Goldman Sachs ? purchased Litton Loan Servicing
Goldman Sachs ? to cut 1,500 jobs
Greater Buffalo Savings Bank ? halted residential mortgage lending, closed unit
Great Southwest Mortgage ? believed to be closed by parent First Magnus Financial
Greenpoint Mortgage ? closed, 1900 employees laid off, 31 branches closed
Greenpoint Mortgage ? shut servicing center in Columbus, GA, 220 layoffs
Group One Lending shut down
Guaranty Bank ? to shut correspondent lending unit
Guaranty Financial ? cut 10 percent of workforce
Guaranty Residential ? layoffs
Guardian Loan Co. ? shut down
Guild Mortgage Co. ? acquired Liberty Financial Group
H&R Block Mortgage Corp. ? 353 layoffs
H&R Block ? to cut 505 jobs related to closure of Option One
Harbourton Mortgage Investment Corporation (HMIC) ? closed
Haven Trust Bank ? shut down by FDIC
HBOS ? shut Mortgage Business (UK), 325 possible layoffs
Heartland Mortgage Co. ? bought Merrlin Mortgage Corp.
Heartland Wholesale Funding ? ceased wholesale lending
Heartwell Mortgage ? closed
Heritage Plaza Mortgage ? closed
HFF Inc. ? cut 57 jobs
HMIC ? closed
Home 123 Mortgage ? closed
HomeBanc Mortgage Corp. ? layoffs, filed bankruptcy, sold branches to Countrywide
Home Capital Inc. ? closes
Homecomings Financial ? to cease lending
Homecomings Financial ? laid off 284, including 207 AEs
Homecomings Financial ? cut 60 jobs in Bellevue, WA
Home Equity of America ? layoffs
Homefield Financial ? closed
Homeland Capital Group ? subprime wholesaler closed
Home Loan Center Inc. / Lending Tree ? hundreds of layoffs nationwide
Home Loan Center Inc. / Lending Tree ? cut 119 jobs in Irvine
Home Loan Corp. ? closed Expanded Mortgage Credit subsidiary
Home Loan Investment Bank ? laid off roughly 30 employees
Home Loan Services (Merrill servicing arm) ? for sale
Home Loan Specialists Inc. (HLS) ? closed its doors
Homestead Mortgage ? will close its wholesale division
Homeview Lending Inc. ? layoffs, now appears to be closed
Homewide Lending Corp. ? closed
Honor State Bank ? closed wholesale lending department
Housevalues Inc. ? laid off 160 workers, closed Yakima call center, shut mortgage lead biz
HSBC ? stopped wholesale, correspondent lending
HSBC ? to cut 1100 jobs
HSBC Holdings PLC ? closing mortgage office, 600 layoffs
HSBC Mortgage Services (Correspondent division) ? closed, layoffs
HSBC Financial Corp. Ltd. (Canada) closing 30 branches, 300 potential layoffs
HSBC ? shuts down Decision One
HSBC Financial Corp. Ltd. (Canada) ? closing 30 branches, 300 potential layoffs
HSBC ? halts trading of mortgage-backed securities in U.S., 120 layoffs
HSBC ? closing 260 consumer lending branches
HSBC Mortgage ? laid off 302 employees in Jacksonville
HSBC Mortgage Services ? cut 48 jobs in Virginia
Huntington Financial ? to be acquired by Oxford Funding
Ideal Mortgage Bankers ? to exit wholesale lending, layoffs
Igate Global Solutions (India) ? redeploying roughly 150 employees into other services
IKB Industriebank (Germany) ? losses near $1bn as a result of subprime exposure in US
Impac ? stops Alt-A lending, 144 laid off
Impac Mortgage Holdings ? 350 recent layoffs, halted Alt-A loan production
Indymac ? sold to private investor group
Indymac ? filed bankruptcy
Indymac ? shut down
Indymac ? halts most lending, thousands of layoffs
IndyMac ? layoffs, branch closures
Indymac ? bought retail arm of New York Mortgage Trust, Indymac layoffs
IndyMac ? stopped construction-to-perm lending
IndyMac ? closed Ontario, CA-based operations center
IndyMac Commercial Lending Corp. ? halted lending operations
ING ? to cut 7,000 jobs
ING ? to buy Interhyp AG (largest German residential mortgage broker)
Innovative Mortgage Capital ? closed
Integrity Bank of Alpharetta, Georgia ? shut down by FDIC
InterBay Funding ? laid off 75 workers
Investaid Corp. ? suspended operations indefinitely
Irwin Home Equity ? layoffs
Irwin Union Bank & Trust Co. ? stopped wholesale lending
Ivanhoe Mortgage ? closed
JP Morgan ? layoffs reported in loan structuring group, CMBS group , and UW group
KBC Bank NV (Belgium) ? buying Vertical Lend
Kensington Mortgages (UK) ? temporarily withdrawing from the mortgage market
Kensington Mortgages (UK) ? cut 20 percent of staff
Kensington Mortgages (UK) ? cut 75 jobs
KeyBank Real Estate Capital ? halted lending
KeyBank Real Estate Capital ? cut 100+ jobs
Keycorp ? exited subprime mortgage business, layoffs
Kirkwood Financial Corp. ? suspended wholesale originations
KKR Financial Holdings ?no longer intends to invest in residential real estate
Lancaster Mortgage Bankers ? closed
LandAmerica Financial Group Inc. ? will cut 1,100 jobs (title company)
Landesbank Sachsen Girozentrale (Germany) ? sold to Landesbank Baden-Württemberg
Lehman Brothers ? filed Chapter 11 bankruptcy
Lehman Brothers ? cut 140 mortgage-securities trading jobs
Lehman Brothers cut 850 jobs
Lehman Brothers ? to cut 1425 jobs globally + another 1,500
Lehman Brothers ? cut 200 jobs from its UK mortgage firms
Lehman Brothers ? to close UK subprime lending units SPML and Preferred Mortgages
Lehman Brothers Bank ? cut 126 jobs in Lake Forest, CA
Lehman Brothers Bank ? cut 85 jobs in Lake Forest, CA
Lehman Bros. Small Business Finance
? no longer accepting loan applications
Lehman Bros Dutch mortgage unit ?Elq Hypotheken? ? ceased lending
Lender?s Direct Capital Corporation ? closed wholesale lending operations
Lending group Inc. ? suspended operations
Lending Tree ? 20% of workforce laid off (fresh ones on Aug. 17)
LendingTree ? layoffs, mainly in Irvine, CA
Lennar Corp. ? over 4,000 layoffs at big Miami home builder
Lexington Lending halts wholesale operations
Levitt and Sons LLC (homebuilder) ? laid off a third of staff
Levitt and Sons LLC (homebuilder) ? filed for Ch. 11 bankruptcy
Liberty American Mortgage ? halted wholesale lending
Liberty Home Lending ? ceased wholesale lending
Liberty Mortgage Funding Co. ? filed for Ch. 7 bankruptcy
Liberty One Lending ? ceased operations
LIME Financial Services (Credit Suisse wholesale) ? ceased lending
LIME Financial Services, Ltd ? sold to Credit Suisse, downsized from 450 to 225
Lloyds TSB ? to buy Halifax Bank of Scotland for $22 billion
Loancity ? closed 7 branches, shut down
Loans 123 ? no longer taking anymore business
London & Scottish Mortgages (LSM:UK) ? stopped accepting new applications
Lone Star ? facing lawsuit over purchase of Accredited Home Lenders
Lone Star ? to buy Bear Stearns Residential Mortgage Corp.
Long Beach Mortgage Co. (WAMU) ? winding down operations
Long Mortgage ? lost financing, parent First Magnus trying to dissolve unit
LowerMyPayment.com ? closed, mortgage lead company
Lownhome Financial ? closed
Luminent? layoffs, two default notices, selling equity stake to Arco Capital Corp.
Luminent Mortgage ? filed Chapter 11 bankruptcy
Lydian Mortgage ? shut wholesale, layoffs
M&T Bank ? cut wholesale mortgage jobs
MacQuarie Mortgages USA ? halts loan origination
Macquarie Mortgages USA ? laid off 69 employees
MagnetBank ? shut down by FDIC
Main Street Bank ? shut down by FDIC
Mandalay Mortgage ? closed
Maribella Mortgage ? closed
Market Street Mortgage ? layoffs
Market Street Mortgage ? to be broken up and sold in pieces, 53 layoffs
Marlin Mortgage Company, LLC ? shut it doors
Master Financial ? layoffs, ceased wholesale production
Maverick Residential Mortgage ? reportedly closed
MEM Financial Solutions ? filed for bankruptcy
Mercantile Mortgage ? ceased operations
Meridian Bank ? shut down by FDIC
Meridias Capital ? layoffs, rumors of employees not being paid
Meritage Mortgage ? closed, staff employed by LIME Financial
Merrill Lynch ? bought First Franklin
Merrill Lynch ? to cut 4,000 jobs
Merrill Lynch ? halted all lending at UK subsidiary Wave, layoffs
Merrlin Mortgage Corp. ? acquired by Heartland Mortgage Co.
MetLife ? to acquire EverBank Reverse Mortgage LLC
MetLife ? to buy First Horizon mortgage unit
Metrocities Mortgage ? stopped wholesale lending
Metrocities Mortgage ? dissolved No Red Tape Mortgage, layoffs
Metrocities Mortgage ? acquired Mortgage Services Unlimited
MCAP Financial (Canada) ? suspended subprime lending through its Eclipse division
MGIC ? bought rival mortgage insurance provider Radian Group (pending)
Miami Valley Bank ? shut down by the FDIC
Morgan Stanley ? to lay off 300 employees in securities division
Morgan Stanley ? to sell City Mortgage Bank
(Russian mortgage unit)
Mortgage Capital Resource Corp. ? closed
MortgageIT ? layoffs and branch closure
Mortgage Investors Group (MIG) ? closed wholesale division
Mortgage Investment Lending Associates (MILA) ? subprime wholesale closed
Mortgage Network Inc. ? halted wholesale and correspondent lending
Millenium Bankshares ? closed mortgage division
Millenium Funding Group ? closed
Millennium Mortgage Corp. ? halted wholesale lending
MLSG ? halted lending operation
Monarch Bank ? buying mortgage-related assets from Resource Bank
Morgan Stanley ? bought Saxon Mortgage
Morgan Stanley ? cut over 1,000 jobs
Morgan Stanley ? to cut 1,500 jobs
Morgan Stanley cuts 600 mortgage jobs
Mortgage Investment Lending Associates ? closed
MortgageIT ? halted wholesale lending
MortgageIT ? consolidated with DB Home Lending, rumored to be offering agency loans only
Mortgage Network Inc. ? acquired Partners Group Unlimited
Mortgage Next (UK) ? layoffs
Mortgage Lenders Network ? stopped residential loan production
MortgageTree Lending ? closed, website down
Mortgages Ltd. ? filed for Ch. 11 bankruptcy
Mylor Financial ? closed
National Bank of Commerce ? shut down by FDIC
National City ? ceases wholesale lending
National City ? exits correspondent lending business
National City ? laid off 1,300, National City branch closures and layoffs
National City ? cut 50 jobs in San Diego
National Home Equity ? consolidated by National City Corp., suspended originations, layoffs
National Wholesale Funding ? halted operations
NationPoint ? halts loan origination, layoffs
Nationpoint ? subsidiary of Merill Lynch laid off 60 people in August, 70 more in Nov.
Nation One Mortgage Co. Inc. ? wholesale lender stopped origination and funding of mortgages
Nationstar ? acquired Champion Mortgage, closed multiple offices, incl. Denver office Sept. 10
Nationstar ? halts wholesale lending
NetBank ? shut down by FDIC due to excessive mortgage defaults
Netbank Funding ? closed
New England Merchants Corp. ? receives cease and desist order
New Century ? filed bankruptcy
New Equity Mortgage ? merged with Advent Mortgage
New State Mortgage Company ? ceased wholesale lending operations
New Vision Residential Lending ? to close at end of month
Nikko Citigroup ? to cut 10% of staff
Nomura Securities ? closed its nonconforming mortgage conduit and laid off staff
Nomura Holdings ? to shut mortgage-backed securities business, 1300 job cuts
Norddeutsche Landesbank ? made offer for Deutsche Hypothekenbank AG
No Red Tape Mortgage ? dissolved by Metrocities, now offering hard money and bridge loans
Northern Rock (UK) ? seeks Bank of England bailout, issued profit warning
Northern Rock ? sold $4.3 billion mortgage portfolio to JP Morgan Chase
Northern Rock ? to cut 2000 jobs
NovaStar layoffs
Novastar ? closed wholesale unit, facing potentially huge lawsuit, laying off 37% of workforce
Novastar ? cutting 275 jobs, closing 12 retail origination offices
Novastar ? job cuts expected from sale of servicing unit
Novelle Financial ? said to have ceased operations
NVR Mortgage Finance (builder) ? restricted from offering Alt-A, subprime and piggyback loans
Oakmont Mortgage ? closed
Oak Street Mortgage ? closed, files bankruptcy
Ocala National Bank ? shut down by FDIC
Ocwen Financial ? to buy Kent County State Bank
OMG Wholesale ? suspended operations
Opteum ? closed conduit and wholesale operations
Optima Funding ? reported to have ceased operations
Option One ? shut down
Option One ? buyout in jeopardy
Option One ? layoffs, pending sale to Cerberus Capital Management LP
Option One ? cut 50 jobs in Bay Area
Opus Mortgages (UK) ? put into liquidation
Own It Mortgage ? closed
Origen Correspondent Mortgage Group ? to be shut down
Origen Financial ? ceased Texas ops, cut 96 jobs
Oxford Funding ? acquiring Huntington Financial
Pacific American Mortgage (PAMCO) ? no new submissions, halted operations
Paragon Home Lending ? said to be shut down
Paragon Mortgages (UK) ? laid off 62 Mortgage Trust staff
Partners Group Unlimited ? bought out by Mortgage Network Inc.
Paul Financial ? suspends loan origination
Paul Financial LLC ? cut 57 jobs
People?s Choice Financial Corp. ? bankrupt
People?s Mortgage ? closed
PFF Bank and Trust ? shut down by the FDIC
PHH ? merger terminated
PHH Mortgage ? laid off 140 in Providence, 300 more from NJ and FL offices
Pinnacle Direct Funding Corp ? merged with Tri-Star Lending
Pinnacle Financial Corp. ? acquired by Impac Mortgage Holdings, closed
PNC Bank ? discontinued wholesale home equity lending
PNC Bank ? to cut 5,800 jobs
Popular Financial Holdings ? exited the wholesale sub-prime mortgage market
Popular Inc. ? cut 167 loan servicing jobs in New Jersey
Popular Warehouse Lending ? no longer accepting applications
Portellus, Inc. (software) ? winding down mortgage division, selling mortgage assets
Preferred Home Mortgage Co. ? cut 75 jobs
Premier Mortgage Funding, Inc ? filed for bankruptcy
Premium Funding Corp. ? closed
Principal Mortgage Fund, Inc. ? to buy Fair Home Lending Financial, Inc.
Priority Funding Mortgage Bankers ? believed to have ceased operations
Provincial Bank ? acquired United Residential Mortgage
Property Finance Group (New Zealand) ? halted trading amid liquidity concerns
Prospect Mortgage ? to acquire 80 Indymac branches, 750 employees
Prospect Mortgage ? buying Fidelity Trust Mortgage Inc.
Prospect Mortgage ? acquired Indymac branches
Pulte Homes ? 2,000 layoffs
Pulte Mortgage ? layoffs
Pulte Mortgage ? shutting Charlotte processing center, nearly 90 layoffs
Quality Home Loans ? filed for bankruptcy, sold to hedge fund manager Michael Klein
Quick Loan Funding ? layoffs, now reported closed
Quicken Loans Inc. ? suspended new hiring
Quicken Loans ? layoffs
Quicken and RockBridge ? acquired One Reverse Mortgage
QuoteMeARate.com Inc. ? closed
QHL Holdings Fund Ten LLC ? filed for bankruptcy
RAMS Home Loans (Australia) ? warned of profit losses after only two weeks on stock market
Realty Mortgage ? shut down, 300+ layoffs
Regions Financial Corp. ? closed warehouse lending unit
Regions Financial Corp. ? shut Little Rock mortgage servicing facility
ResCap ? halts Dutch mortgage lending
ResCap ? bankruptcy fears
ResCap ? layoffs
ResCap ? closed offices, cut 470 jobs
Residential Capital LLC ? cutting roughly 1,000 jobs (GMAC company)
ResMae Mortgage Corp. ? cut 182 jobs in Brea
ResMae Mortgage Corp. ? layoffs, bankrupt/for sale, closing Dallas facility
ResMae Mortgage Corp. ? halted loan submission, cut over 150 jobs
Residential Mortgage Capital ? suspends operations
Resource Bank ? selling mortgage-related assets to Monarch Bank
Resource Mortgage ? shuttered wholesale division
Reunion Mortgage ? shut wholesale office in Florida
Right Away Mortgage ? closed
RFC ? layoffs
Rooftop Mortgages (Bear Stearns UK mortgage unit) ? to close
Rose Mortgage Corp. ? closed
Sanderson State Bank ? shut down by FDIC
Santa Cruz Mortgage ? suspended operations indefinitely
Saxon Mortgage ? wholesale closed, 1000 layoffs
Saxon ? layoffs, closed correspondent unit
Saxon Mortgage Services ? cut 50 jobs in Texas
SCME ? ceases wholesale operations
SCME Mortgage Bankers Inc. ? layoffs, branch closures
Scottish RE ? large subprime exposure drops stock into dangerzone
Sea Breeze Financial Services, Inc. ? Irvine, CA lender apparently closed
Sebring Capital Partners ? closed
Secured Bankers Mortgage Company ? halted operations
Secured Funding ? closed
Security National Servicing Corp. ? to cut 31 jobs
Security Pacific Bank ? shut down by FDIC
Shearson Financial Network ? to acquire Dollar Mortgage Corp. (fell through)
Shearson Financial Network ? to file bankruptcy
Silver Hill Financial ? cut 45 jobs
Sierra Pacific Mortgage ? closed several branches
Silver State Bank ? shut down by FDIC
Silver State Mortgage ? closed
Solent Mortgage Services (UK) ? closing its door
Solent Mortgage Services (UK) ? layoffs
Solstice Capital (HSBC retail) ? halted lending, 130 layoffs
Solutions Funding ? closed
Southern Star Mortgage ? cut wholesale lending
Southern Star Mortgage ? halts loan origination
Southstar Funding ? closed
Southwest Bank ? acquired BMC Mortgage Services Inc.
Sovereign Bancorp ? to cut 1,000 jobs
Spectrum Financial Group ? files bankruptcy
Starpointe Mortgage ? closed
Steward Financial ? closed
Stone Creek Funding ? closed
SouthStar Funding ? closed
Southwest Business Corp. ? purchased 15 Home Loan Corp. branches
Suburban Federal Savings Bank ? shut down by FDIC
Summit Financial Group Inc. ? closed residential mortgage unit
Summit Mortgage Co. ? to close
Sunset Direct Lending ? closed
Sunshine Mortgage Corp. ? shut down
SunTrust ? cut 170 jobs
SunTrust Bank ? cut 86 jobs
SunTrust Bank ? closing wholesale lending offices
The Community Bank ? shut down by the FDIC
The Lending Connection ? believed to have laid off staff and ceased operations
The Money Store ? will take over Amstar Mortgage branches
The Mortgage Lender (UK) ? cut hundreds of jobs, may cease lending
The Mortgage Store Financial Inc. ? rumored to have ceased lending, laid off most of staff
The Mortgage Warehouse ? closed
Thornburg ? bankruptcy fears, suspends fundings
Thornburg Mortgage ? 5 downgrades, selling assets, denied BK, facing Wachovia lawsuit
Thornburg Mortgage ?cut 29 jobs
TierOne ? closed all nine loan production offices
TransLand Financial Services ? facing involuntary Ch. 11 bankruptcy petition, layoffs
Transnational Financial Network ? suspended wholesale lending operations
Triad Guaranty ? halts new business, layoffs
Tri-Star Lending Group ? acquired by Impac Mortgage Holdings
Trojan Lending ? ceased wholesale production
Trump Mortgage ? closed
UBS ? to cut 5,500 jobs
UBS ? to cut another 2,000 jobs
UBS Home Finance ? stops wholesale lending
Ulster Bank (RBS-UK) ? cut 750 jobs, close First Active mortgage unit
Unique Mortgage Solutions ? closed, layoffs
United Equity LLC (Baltimore) ? shut down
Universal American Mortgage Co. ? shut down its processing center, 57 layoffs
Unlimited Loan Resources ? closed
Upland Mortgage ? filed Chapter 11 bankruptcy
USA Federal Credit Union ? layoffs
Valley Vista Mortgage ? shut down all operations
Velocity Commercial Capital, LLC ? layoffs reported
Vertex ? to cut 55 jobs related to DB Mortgages account (Deutsche Bank UK)
Vertical Lend ? changes name to World Alliance Financial
Vertice ? shutting down (Wachovia wholesale lending channel)
Vertice (Wachovia unit) ? undisclosed number of job cuts in third quarter of 2007
Vertice (wholesale mortgage unit of Wachovia) ? cutting 40 more jobs
Victoria Mortgage Funding ? closed (UK subprime lender)
ViewPoint Bankers Mortgage ? acquired 45 former CTX Mortgage employees
Virtual Bank Mortgage ? now Lydian Mortgage
Vision Development Group of Broward County LLC (condo developer) ? Ch. 11 bankruptcy
Wachovia ? halted wholesale lending, 11,000 layoffs
Wachovia ? closed Equibanc, 115 layoffs in bay area
Wachovia ? shut Waterbury, CT retail mortgage office, 65 layoffs
Wachovia ? cut 50 mortgage processing jobs in Boynton Beach, FL
Wachovia ? cut 240 mortgage and banking jobs in San Antonio
Wachovia ? cut 200 positions in corporate and investment banking unit
Wachovia ? reportedly closed four offices in Germany due to crisis
Wachovia ? stopped offering mortgages at many branches, 600 layoffs
Wachovia ? shut mortgage center in Tampa, 57 layoffs
Walter Mortgage Co. ? to wind down mortgage lending
Warehouse USA ? closed
Washington Mutual ? shut down
WaMu ? stopped wholesale lending, 3,000 layoffs
Washington Mutual ? layoffs, halting subprime lending
Washington Mutual ? laying off 50 in Capital Markets
Washington Mutual ? to cut 1,200 jobs
Washington Mutual ? cuts Commercial Correspondent/Wholesale Lending
Washington Mutual ? layoffs, exited warehouse/correspondent market
Washington Mutual ? layoffs as high as 1,000, closing 3 fulfillment centers
Washington Savings Bank ? stopped wholesale lending
Washtenaw Mortgage Company ? closed
WCI Communities ? cut 575 jobs
Webster Bank ? to cease wholesale and correspondent lending
Webster Financial ? to cut 240 jobs
Weichert Financial ? laid off 70+ operations staff
Wells Fargo ? to buy Wachovia
Wells Fargo Home Mortgage ? halts wholesale non-conforming lending
Wells Fargo Alternative Lending Wholesale ? closed, layoffs nationwide
Wells Fargo Home And Consumer Finance Group ? layoffs
Wells Fargo ? layoffs in home equity division
Wells Fargo ? layoffs in Billings, MT
Wells Fargo Home Mortgage ? acquired Pride Mortgage
Wells Fargo Home Mortgage ? cut jobs in Fort Mill, SC
Wescom Credit Union ? exited wholesale lending
WestWorks Mortgage ? closed
Wilmington Finance ? stopped wholesale lending, hundreds of layoffs
Winstar Mortgage ? ceased operations
WMC ? GE?s subprime unit cut 460 jobs, reported closed and for sale
WMC Mortgage ? layoffs
WNS (India outsourcing) ? redeploying employees due to mortgage shakeup
World Savings ? sold to Wachovia
WSB Financial Group Inc. ? cutting 33 mortgage jobs
XBancorp ? closed wholesale
Xceed Mortgage Corp. (CA) ? cut two-thirds of staff (74 jobs)
Xceed Mortgage Corp. (CA) ? issued profit warning, halted dividend
Xceed Mortgage Corp. (CA) ? cut 26 jobs, about 18 percent of staff
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