Multiple e-mails and a thread BU tip us off to it. Home Loans Nations was Cincinnati, OH-based largest lender specializing in Alt-A. Sutton Bank is the parent organization, and reportedly pulled the plug on the operation Nations because they can not meet the $ 25 million monthly volume level (we are told Nations was reduced to an average of $ 6-9 million per month in recent months).

The company’s website (www.nationshomelend.com) is still, and gives states of operation in all states except HR, AK, AL, HI, Washington DC, MD and MI.

United reportedly had about 90 employees. A reader and former employee also sent this information in recent days in the company:

The interesting thing here is that only hired 3 new regional and about 25 of the SA in the past 60 days. I had worked for them until Sutton Bank terminated their relationship Thursday night. Many of the AEM only heard about whether the vine, failure to notify management even happened, email just stopped working.

Note: We have had bad Nations Home Loan originally included in this document (yes, another Alt-A company with exactly the same name). As far as we know, they are fine.

Posted by admin | No Comments »

Why Countrywide

Countrywide was founded in 1969 with a pledge to break down the barriers to owning a home. Today Countrywide, America’s # 1 Home Loan Lender, has helped millions of families find ways to meet their needs for home ownership, whether buying a first home or refinance their current loan. We say, and I think that by demonstrating that every day: You can not do what Countrywide Can.SM Learn more about what our home loan customers.

Countrywide has a long-standing commitment to reducing the barriers to home ownership and education of consumers. H.O.M.E. (Home Mortgage Property Education) is Countrywide’s financial literacy program designed to provide the knowledge they need to help achieve and maintain home ownership.

Loan Product

Refinancing
Countrywide has refinance mortgage solutions that might be able to use for debt consolidation or access cash from the equity that may have built up in your home. Refinancing loans can be used to help many personal financial situations such as reducing monthly payments, home improvements, college tuition and more. Call today Countrywide or learn more in our section of countrywide.com refinance.

Home Equity
Home Equity Loans and Home Equity Line of Credit (also known as HELOCs) is fixed or variable interest rate solutions to get cash available for equity in your home. This equity could be used for any purpose as making home improvements, debt consolidation, vacations, or unexpected. Call today for a free consultation of an expert loan Countrywide of origin or visit our Home Equity Line section to use calculators and mortgage loans for house purchases rate tools.

Purchasing
If you are a first time home buyer or trade up to a larger home, Countrywide is working to find the best solution home loan for you. With new products for the home, as well as shopping, secondly, holiday homes and investment, we can help. Learn more online or call now and ask about our payment options not.

Reverse Mortgages
Countrywide Bank, FSB and Countrywide Home Loans, Inc. - have joined together to offer products through reverse mortgage Countrywide Bank. Education is crucial and Countrywide is committed to helping the elderly and make decisions to understand their options for loans for house purchases. Reverse Mortgage Visit our website for more information.

Multi-Family and Commercial Loans
With fixed rate and commercial loans of $ 500000 to $ 1 billion.

Countrywide Licenses and Registrations

Countrywide Financial Corporation is the publicly-owned (NYSE: CFC) parent corporation and umbrella organization for the Countrywide network of financial services companies. It is a member of the Standard & Poor’s and Fortune 500. Countrywide Financial offers a full range of financial services through our family of companies — home loans, banking, insurance, investments, closing services and more. These companies and required licensing and registration disclosures are described below.

Countrywide Home Loans, a Division of Countrywide Bank, FSB

Equal Housing Lender. © 2008 Countrywide Bank, FSB, Countrywide Home Loans Division. Member FDIC. Trade/service marks are the property of Countrywide Financial Corporation, Countrywide Bank, FSB, or their respective affiliates and/or its subsidiaries. Some products may not be available in all states. This is not a commitment to lend. Restrictions apply. All rights reserved.

Countrywide Bank, FSB

Countrywide Bank is a federal savings bank regulated by the Office of Thrift Supervision. Accounts with Countrywide Bank are FDIC insured.

Equal Housing Lender. © 2008 Countrywide Bank, FSB, 1199 N. Fairfax St., Suite 500, Alexandria, VA 22314. Trade/servicemarks are the property of Countrywide Financial Corporation, Countrywide Bank, FSB, or their respective affiliates and/or its subsidiaries. Some products may not be available in all states. This is not a commitment to lend. Restrictions apply. All rights reserved.

Countrywide Mortgage Ventures LLC

Equal Housing Lender. © 2008 Countrywide Mortgage Ventures, LLC, 27001 Agoura Road, Suite 200, Calabasas Hills, California 91301. Trade/servicemarks are the property of Countrywide Financial Corporation, Countrywide Bank, FSB, or their respective affiliates and/or its subsidiaries. Some products may not be available in all states. This is not a commitment to lend. Restrictions apply. All rights reserved.
Licensed by the Department of Corporations under the California Residential Mortgage Lending Act; Georgia Reg. #18970, Illinois Residential Mortgage Licensee (# 6576) by the Office of Banks and Real Estate, Mortgage Banking Division, 310 South Michigan Avenue, Suite 2130, Chicago, IL 60604, (312) 793-1409; Massachusetts Mortgage Lender License No. ML 2294; this is not an offer to enter into an interest rate lock-in agreement under Minnesota law; Licensed by the New Hampshire Banking Department; New Jersey (818) 313-6526, Licensed Mortgage Banker, NJ Department of Banking and Insurance; Licensed Mortgage Banker, NYS Banking Department, 1 North Broadway, Suite 120-S, White Plains, NY 10601; Registered with the Pennsylvania Banking Department; Rhode Island Lender’s License.

Countrywide Home Loans’ Wholesale Lending Division dba America’s Wholesale Lender®

Equal Housing Lenders. © 2008 Countrywide Financial Corporation. Trade/service marks are the property of Countrywide Financial Corporation, Countrywide Bank, FSB, or their respective affiliates and/or its subsidiaries. Some products may not be available in all states. This is not a commitment to lend. Restrictions apply. All rights reserved.
Countrywide Home Loans, Inc., 4500 Park Granada, Calabasas, CA 91302: Arizona Mortgage Banker License Number BK 0903163; Licensed by the Department of Corporations under the California Residential Mortgage Lending Act; Georgia Reg. #5929; Illinois Residential Mortgage Licensee (#4360) by the Office of Banks and Real Estate, Mortgage Banking Division, 310 South Michigan Avenue, Suite 2130, Chicago, IL 60604, (312) 793-1409; Massachusetts Mortgage Lender and Mortgage Broker License No. MC 4830; Licensed by the New Hampshire Banking Department; New Jersey (818) 313-6526, Licensed Mortgage Banker, NJ Department of Banking and Insurance; Licensed Mortgage Banker, NYS Banking Department, 333 Earle Ovington Blvd., Suite 101, Uniondale, NY 11553; Registered with the Pennsylvania Banking Department; Rhode Island Lender’s License.

Posted by admin | No Comments »