I came across a very interesting website showing a list of “Imploded Lenders“, “Watch List Lenders” and “They’re Back” Lenders. It was very interesting to scan the list and see lots of familiar companies who used to be such big players in the market. So here’s the list, courtesy of The Mortgage Lender Implode-O-Meter (http://ml-implode.com/).

Watch List and They’re Back Lenders

So a small piece of advice…Get to know your lender very well if your considering a home purchase. Today’s loans may be “here today, gone tomorrow” if the company your working with ends up on a list like this. For more advice, email us.