Posted by Becca_FL on 9/24/07 11:24am
Msg #212776
Nationstar just bit the dust...#160
There goes all hope of collecting EFS monies due from them.
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Reply by REE_NJ on 9/24/07 11:28am
Msg #212777
Where did you obtain this news? Two scheduled closings today with their company.
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Reply by Becca_FL on 9/24/07 11:35am
Msg #212778
http://ml-implode.com/imploded/lender_NationstarMortgage_2007-09-24.html
We received word this weekend that Nationstar had ceased funding loans. Per one informant, the following notice regarding wholesale operations was at a link on the Nationstar website:
Wholesale Partners:
We have made the decision to stop all wholesale originations effective September 21, 2007.
Therefore, Nationstar Mortgage is no longer accepting any new loan submissions through any of its wholesale channels. Any approved applications in the pipeline will be honored. For more information, please contact 1-888-236-8391.
Nationstar Mortgage servicing operations are unaffected by this announcement. If you are a current customer of Nationstar Mortgage, please visit http://www.nationstarmtg.com or call our Customer Service department at 1-888-480-2432.
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Reply by Sylvia_FL on 9/24/07 11:35am
Msg #212779
http://www.reuters.com/article/bondsNews/idUSN2426297120070924
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Reply by REE_NJ on 9/24/07 11:35am
Msg #212780
Re: Nationstar just bit the dust...#160 - found article
I just found an article; http://www.reuters.com/article/bondsNews/idUSN2426297120070924 - not sure if it is the same one you came across.
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Reply by REE_NJ on 9/24/07 11:36am
Msg #212781
Re: Nationstar just bit the dust...#160 - found article
I guess Sylvia and I hit the reply button at the same time..LOL
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Reply by Sylvia_FL on 9/24/07 11:37am
Msg #212782
Re: Nationstar just bit the dust...#160 - found article
Becca, yourself and I all hit the reply button at the same time
GMTA
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Reply by Linda_H/FL on 9/24/07 11:51am
Msg #212786
Re: Is this also Nations Home Funding, Inc?
I just got home from a signing - lender is Nations Home Funding, Inc. but some paperwork references Nationstar...
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Reply by Linda_H/FL on 9/24/07 11:54am
Msg #212787
Re: Okay - disregard - Nationstar was his payoff...whew!! n/m
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