More on Lender Fall Out

Financing, Hard Money Lenders, Private Money
1

First National Bank of Arizona - Wholesale/Correspondent Closed

National City - Drops all Non Agency (Fannie/Freddie) Loans

A great article on how the commercial market is being affected.
http://www.bloomberg.com/apps/news?pid=email_en&refer=&sid=aP7BZw9X19P8

All of this info can be found at www.MortgageImplode.com for those that want to go a little deeper.

2

As far as commercial goes, conduit based loans have been affected but portfolio based programs are still operating on historical fundamentals.

Regards,

Scott Miller