Posted by Charles_Ca on 8/13/07 3:06pm
Msg #205301

FYI ~ Express Capital Lending in Newport, CA

Got this in the mail today:

Dear Valued Broker,

Due to current volatility in the mortgage market, we are not accepting new submissions until further notice. Once circumstance improve, we will notify our brokers of new programs and guidelines. We appreciate your patience, and look forward to doing business with you again soon. Thank you.

- Express Capital Lending
4000 Westerly Place, Newport Beach, CA 92660 | 800.327.4468

If you have pending business I'd be careful!

Reply by Teddog/CO on 8/13/07 5:16pm
Msg #205339

Every day the news just keeps getting a little worse. Careful ! and then some. Disgusting, the industry will be lucky if it comes out this in the next three years.