Read ourPrivacy Policyto learn more. Has anyone heard if Cake Mortgage Corp. is still in business? We are in foreclosure and are being considered for a loan modification. Read More Overview Our focus on building a financial services firm that puts clients first, holds itself to the highest standards, and invests in the communities where we are privileged to do business has struck a chord among business leaders throughout our state. The bank opened its first retail branch in 2018. They have a skeletal staff and almost zero loans in the pipe. Steve Orr is the Executive Vice President and Chief Investment Officer for Texas Capital Bank Private Wealth Advisors. Some are essential to make our site work; others help us improve the user experience. Click Here to Apply I have searched however running into dead ends. I exceed the goal of the opportunity letter and was told it didnt really matter and that was all the explanation I got while having to hand off over $15k in commissions for the next month. Has WJ Bradley closed down? Not in bankruptcy? Dallas, Texas, United States. Around that time, some 2.33% of all U.S. mortgages were delinquent, a number which was sure to rise over the following years as the full extent of the mortgage crisis revealed itself. Across Mortgage Finance, Treasury Solutions and Credit & Financing, our commercial bankers bring deep knowledge to back the products and services we offer. Texas Capital Bank reduces workforce The Business Journals, Texas Capital Bancshares Inc. Interfirst Mortgage Co. did layoffs in Nov. 2021, March 2022 and May 2022. Starting in 2023, consideration for Community Impact Grant funding will begin in March, with allocations in May. Fraud and cybersecurity threats have increased in recent months, and we encourage business owners and leaders to take a proactive approach to preventing and negating the effects of cyber attacks. The banks energy loans make up about 5% of its gross loans. We will continue to earn our clients trust every day. Confirmed by friends that worked there :( I know Loan Depot has done several rounds of layoffs, Nations Lending Corporation did company wide round of layoffs 5/19/2022. WebAnalyst (Current Employee) - Texas - June 9, 2021. It is our goal to ensure that Texas Capital Bank is a trusted partner to our clients throughout their entire life cycle. Servicing has been sold as well. Our leadership team, which we have reshaped over the past two years, is comprised of world-class executives. Texas Capital Bank Foundation has a grant application to be filled out by the designated nonprofit personnel. Hey Colin, North American Savings Bank announced on Friday 1/6/23 they will be close their Consumer Direct Division. ~60 people. The Community Impact Grant process is a different grant program and is by invitation only. 1 job as interim CEO was to name Cargills successor. We believe we are building something unique in Texas, and people want to be a part of it. 7 bankruptcy Alliance Bank (Culver City, CA) shut down by FDIC Alliance Title Co. shut down, layoffs Allied Bank shut by FDIC All Fund Mortgage rumored to be closed, acquired by Carlile Investments Inc. Allstate Home Loans shut down after buyout Ally (GMAC) said its officially done with the mortgage business Ally mortgage unit ResCap filed for Chapter 11 bankruptcy Ally Financial sold European mortgage assets/operations to Fortress Investment Group Alpha Bank & Trust shut down by FDIC ALT Funding believed to have ceased operations Alterna Mortgage New Jersey wholesale lender closed Alternative Financing Corp. wholesale division closed Altisource Portfolio Solutions shut Owners.com business unit Altisource Portfolio Solutions cut 800+ jobs Altisource Portfolio Solutions acquired Mortgage Builder Altivus Financial closed wholesale operations, now believed to be shut down AMC Lending ceases wholesale lending AMC Mortgage acquired by Transnational Financial Network Inc. Amcore Bank, National Association shut by FDIC AmeriBanc Corp. ceased operations Ameribank Inc. shut down by FDIC America One Finance winding down America West Bank shut by FDIC AmericanFirst Bank shut by FDIC AmericasBank shut mortgage unit American Advisors Group acquired the assets of Associated Mortgage Bankers American Brokers Conduit shut down all operations American Business Financial Services closed American Capital Mortgage Investment acquired Residential Credit Solutions, Inc. American Eagle Savings Bank shut by FDIC American Equity Mortgage placed into receivership American Equity Mortgage closing 6 of 30 offices, laying off 40 employees American Freedom Mortgage filed bankruptcy American Home Mortgage closed American Homes 4 Rent layoffs American Lending Group merged with Premier Mortgage Group American Marine Bank shut by FDIC American Mortgage Service Co. and Eustis Mortgage merged American National Bank shut by FDIC American Mortgage Network bought by Wachovia American Sterling Bank halted wholesale lending American Sterling Bank shut down by FDIC American Southern Bank shut down by FDIC American Trust Bank shut by FDIC American United Bank shut down Ameriquest closed, laid off 3,800, shut 229 retail branches after $325 million settlement AmeriSave Mortgage Corp. bought origination business of The Money Source (TMS) AmeriSave Mortgage Corp. purchased CertusBank mortgage unit Ameritrust Mortgage Company subprime wholesale division closed AmPro Mortgage closed (part of Alliance Bancorp) AMS Servicing acquired by Seneca Mortgage Investments Amstar Mortgage Corp. most staff laid off, The Money Store to take over by Dec. 15 AmTrust Bank shut by FDIC AmWest Funding layoffs in Brea, CA AmWest Funding Corporation acquired Bridgeway Financial ANB Financial shut down by FDIC for lax lending standards Angel Oak Mortgage Solutions cut roughly 200 jobs Annaly Capital Management, Inc. acquired CreXus Investment Corp. Anworth Mortgage Asset Corp. its Belvedere subsidiary is in default and faces margin calls Apex Financial Group/Aapex Mortgage commission checks delayed, licenses suspended Apex Mortgage/Aapex Mortgage reportedly cease all operations Apex Lending, Inc. shut down Appalachian Community Bank shut by FDIC APS Mortgages Limited (UK) independent brokerage shut down Aquiline Capital Partners took majority investment in LenderLive Network Arch Capital acquired CMG Mortgage Insurance Co. Arcola Homestead Savings Bank shut by FDIC Argent sold to Citigroup Associated Bank (WI) closed eight branches, cut mortgage jobs at La Crosse location Assurant Inc. acquired Field Asset Services Assurant Specialty Property acquired StreetLinks Assured Lending Corp to exit wholesale lending Assured Mortgage merged with Bell Bank Mortgage Atlantic Bank and Trust shut by FDIC Atlantic Bay Mortgage cut a dozen jobs Atlantic Southern Bank shut by FDIC Aurora stopped wholesale and correspondent lending Aurora Bank FSB cut 450 jobs in Indianapolis Aurora Loan Services 160 employees laid off Aurora Loan Services laid off 70 in Florida, 139 in NJ Aurora Loan Services cut 93 jobs in El Toro, CA Axix Mortgage closed Banc of California stopped wholesale and correspondent lending Banc of California acquired CS Financial Banco Santander to buy UK lender Alliance & Leicester PLC Bank 34 halted mortgage lending, will sell/close its 9 production offices BankAtlantic laid off 115 employees BankEast shut by FDIC BankFirst shut by FDIC Bank of America cut roughly 100 mortgage jobs in Charlotte Bank of America closed mortgage center near Portland, OR, 102 layoffs Bank of America cut 70 mortgage jobs in Simi Valley, CA Bank of America cut 50 jobs at Legacy Asset Servicing unit in Fort Worth, TX Bank of America cut 114 jobs at Simi Valley, CA mortgage servicing unit Bank of America cut 250 mortgage employees in Charlotte Bank of America cut 200+ mortgage servicing workers in Norfolk, VA Bank of America closed office in Rancho Cordova, CA, 160 home equity job layoffs Bank of America cut 177 mortgage jobs in Texas Bank of America cut 53 mortgage employees in Jericho, NY Bank of America cut 113 mortgage employees in West Hills, CA Bank of America eliminated 69 mortgage servicing jobs in Jacksonville Bank of America cut 100+ mortgage jobs in Virginia Bank of America laid off 77 mortgage workers at St. Louis office Bank of America cut 153 mortgage jobs in Pasadena, CA Bank of America cut 540 loss mitigation jobs in Charlotte Bank of America cut mortgage jobs at locations in Richardson and Ft. Worth, TX Bank of America cut 280 mortgage jobs in St. Charles, MO Bank of America cut 24 mortgage servicing jobs in Brea, CA Bank of America cut 174 distressed mortgage jobs at Simi Valley, CA locations Bank of America closed home lending office in Marlton, NJ, 136 layoffs Bank of America cut 1,000 mortgage jobs in Ohio, closing offices in Beachwood, Cincinnati, and Independence Bank of America cut 152 jobs in Sunrise, FL Bank of America reportedly closing old Countrywide Mortgage branches Bank of America cut roughly 4,000 more mortgage jobs by end of 2013 Bank of America cut 209 jobs at call center for distressed mortgages in Pittsburgh, PA Bank of America closed Maitland mortgage facility, cut 53 jobs Bank of America cut 411 loan servicing jobs in Texas Bank of America cut 543 jobs in Fresno Bank of America slashed 113 mortgage jobs in Dallas Bank of America cut 1,320 jobs at Getzville, New York mortgage-servicing facility Bank of America cut 469 jobs from Newark, NJ mortgage servicing center Bank of America cut 57 mortgage assistance jobs in Rancho Cordova, CA Bank of America laid off 675 workers in Fort Lauderdale Bank of America shut its correspondent mortgage business, layoffs Bank of America cut 34 jobs at Saratoga Springs, NY mortgage office Bank of America halts reverse mortgage lending Bank of America halts wholesale mortgage lending Bank of America to cut up to 35,000 jobs Bank of America to buy Countrywide Bank of America Countrywide merger possibility, continued layoffs Badger State Bank shut by FDIC Bank of America to cut 30,000 jobs Bank of America cutting 3,000 jobs in investment banking unit Bank of America to cease wholesale lending, 700 layoffs Bank of America to cut 650 jobs, sell its prime brokerage unit Bank of America cut 224 jobs in Tampa, 195 in Troy Bank of America to cut 7,500 jobs post merger Bank of America completes purchase of Countrywide Bank of America to buy Merrill Lynch Bank of Choice shut by FDIC Bank of Clark County shut down by FDIC Bank of the Commonwealth shut by the FDIC Bank of Ellijay shut by FDIC Bank of Elmwood shut down Bank of Granite and Granite Mortgage Inc. to combine, layoffs Bank of Florida (Tampa, Southwest, Southeast) shut by FDIC Bank of Hiawassee shut by FDIC Bank of Illinois shut by FDIC Bank of Jackson County closed by FDIC Bank of Leeton shut by FDIC Bank of Lincolnwood shut by FDIC Bank of Shorewood shut by FDIC Bank of the Eastern Shore shut by FDIC Bank of Wausau shut by FDIC Bank of Whitman shut by FDIC Bank of Wyoming shut by FDIC BankMeridian shut by FDIC BankUnited halted retail mortgage lending, layoffs BankUnited ceased wholesale lending, layoffs BankUnited bank failure BankUnited to close four wholesale mortgage sales offices, 200 layoffs BankUnited cut another 160 jobs BankUnited cut 115 jobs in Miami Lakes, FL Bank USA shut down Barclays halted certain MBS trading in U.S., layoffs Barclays Bank PLC bought Equifirst Barclays Bank PLC sold HomEq Servicing to Ocwen Financial Barnes Banking Company shut by FDIC Bartow County Bank shut by FDIC Basis Yield Australian hedge fund files for bankruptcy due to subprime lending woes Bath Building Society (UK) halt mortgage lending Bay Capital Corp. closed Bay Equity Home Loans acquired assets of Village Mortgage Bay National Bank shut by FDIC BayRock Mortgage Corp. ceased wholesale lending Bayside Savings Bank shut by FDIC Bayview Financial cut 60 jobs BB&T Corp. purchased SunTrust Banks, Inc. BB&T bought Collateral Real Estate Capital BB&T to shut subprime wholesale lending unit BC Bancorp shut down BC National Banks shut by FDIC Beach First National Bank shut by FDIC Beacon Financial Mortgage Bankers Corp. filed bankruptcy Bear Stearns layoffs Bear Stearns closed two hedge funds after huge subprime losses, 240 subprime layoffs Bear Stearns merging Encore Credit and Bear Stearns Residential Mortgage into one unit Bear Stearns cuts 150 jobs in Irvine, CA Beazer Mortgage Corp. halts loan origination Beazer Homes closed office, layoffs, subpoenaed for fraud Beazer Homes cut 25% of staff Belvedere Trust Mortgage two default notices, unlikely to pay back loans Ben-Ezra & Katz cut nearly half of staff Ben-Ezra Law Firm cuts 146 jobs, exits foreclosure space Benchmark Bank shut by FDIC Beneficial Finance layoffs Berkshire Hills Bancorp acquired 20 Bank of America branches in state of New York BF Saul Wholesale Group layoffs and closures, could be dissolved BlackandWhite.co.uk halts lending, layoffs Blackstone acquired significant stake in PMI Group Blackstone purchased Gateway Funding Diversified Mortgage Services (per IMF) Blackstone acquired majority stake in Stearns Holdings, LLC Blackstone bought PHH Mortgage Blue Ridge Bankshares Inc. acquired LenderSelect Mortgage Group Blue Ridge Savings Bank, Inc. shut by FDIC BMC Capital to acquire NMB Capital BMO Harris eliminated 170 mortgage jobs BNC Mortgage filed bankruptcy BNC Mortgage LLC shut down consolidated with Aurora Loan Services layoffs BNC Mortgage cut 175 jobs in Nor. Jun 17, 2020 Texas Capital Bank has cut jobs, the Dallas-based bank An enhancement has been scheduled for our account opening platform on Thursday, February 23rd, starting at 8:00 PM CST to approximately 10:00 PM CST. So far, he says, its working. WebSave for your future with matching contributions from Texas Capital Bank. Like many companies facing todays unique economic environment, we made the difficult and necessary decision to reduce our workforce to ensure we are well-positioned to meet the challenges and opportunities ahead, spokeswoman Shannon Wherry said in a statement. Where does the bank and the Fed go from here? Our employees have locked arms and embraced the opportunity to build a truly world-class financial institution here in Texas. Natalie is an award-winning reporter who covers banks, crypto, fraud, deals and other money topics for The Dallas Morning News. Along with letting people go a day before end of month so that will not have to pay them bonus wages. Read ourPrivacy Policyto learn more. Aug 2, 2018. Rumor is they closed mutiple locations. Our sales and trading desk provides real-time market insights to clients across sectors, and our financial professionals have won numerous M&A mandates. This week's global news roundup include Canada's crackdown on crypto operators, Westpac's cloud project and more. WebBank Officer - Relationship Associate. Academy Mortgage just dissolved their Growth & Development and Employee Engagement departments, as one of the G & D employees, I am not sure how many layoffs in total. I do know that there were rumors about Academy selling, stirred up by a LinkedIn post by Anthony Casa, but Senior Leaders were deployed to shut the rumors down the day before the layoffs started. Opendoor to lay off about 550 workers (11/3/22) Meridian Bank to lay off 1/3 of its mortgage employees and close 3 offices (11/3/22) Athas Capital Group to wind down operations, 200+ layoffs (11/2/22) Huntington National Bank to acquire PhysicianLoans (11/2/22) American Advisors Group (AAG) to let go of 204 employees in Irvine, CA (11/1/22) RoundPoint is a wholly-owned subsidiary of Freedom Mortgage. Last 2 weeks another 100 employees lay-off. Telephone Banking Phone: 877.839.2265, Includes a branch closure. Forcing people to potentially risk themselves and loved ones to be exposed to COVID. Dallas-based Texas Capital Bank cut its workforce Tuesday, just three weeks after its $5.5 billion merger with another Texas bank fell apart. The key question for near-term performance is, how deep is the economic canyon we have to cross to get to the other side of Bear Market Forest? That call lasted three hours. Our transformation success is also visible in financial terms: Commercial loans have doubled as a share of our balance sheet with a strong, diversified mix of clients. By signing up you agree to our Terms of Service and Privacy Policy, Stand with us in our mission to discover and uncover the story of North Texas, Texas Capital cuts jobs soon after calling off $5.5 billion merger, KKR, former Dean Foods CEO win auction for Borden Dairy five months after bankruptcy filing, Breast cancer nonprofit, event space dispute over $13,000 deposit after COVID-related gala cancellation, Shermans semiconductor hub attracts massive land buy for home development, Back to normal: D-FW home prices now only growing at a pre-pandemic pace, Top North Texas office developer expands into multifamily, Homebuilding supplier Builders FirstSource buys a North Texas truss maker, Developers break ground on Weatherford rental project west of Fort Worth. Read More Overview Final decisions about grantees will be awarded in April. Santander Bank just announced today that they are closing their entire home loans and HELOC divisions and will stop taking applications February 11th. We will keep doing what we say we are going to do. For reprint and licensing requests for this article, Texas Capital, Independent terminate $3 billion merger, Banking on sisterhood: A Black sorority launches a credit union, Banking, credit union, fintech industry layoffs: 2023, CFPB is 'not holding back' despite cloud of uncertainty from Supreme Court. Dec 2019 - Sep 20222 years 10 months. A free inside look at company reviews and salaries posted anonymously by employees. It was May 2020, and Texas Capital was not only not going to move forward with the $5.5 billion deal to merge with Independent Bank Group in McKinney, Texas, but the chief executive of Texas Capital had abruptly stepped down when the deal collapsed. I think Rushmore buys non-performing loansso that might explain it. Our bankers bring a variety of innovative ideas and creative thinking to the table, which informs quality execution and positions our clients for continued success. Read More Overview I happened to be traveling for work across the country from where I lived when I was laid off: as of today, you are no longer employed with Academy. Totally left stranded. Lets agree that the economy has yet to run off the rails but there are clouds on the bridge. $50,000 award The submission portal will open January 3 and close February 28 View grant guidelines for more eligibility information. Our treasury services business has reached parity in capabilities with the nations largest banks while continuing to provide high-touch local service. As of market close February 24, 2023. Any help is appreciated. Watch for coming tech and retail layoffs to push claims toward 250,000 in the coming months. We are kind of pigeon holed it takes a tough person to ride this ride anyway! Loansteady laid off about 30%+ of its staff and is now merging with Mutual of Omaha, Pennymac laid off 300 Underwriters as of Monday 5/9/2022, Homeowners Financial Group out of Arizona , laid off people on 5/2. So the company was looking for a successor. This list gives us a perspective to get out of the mortgage industry and pivot to some else. Trying to clear up a release of lien on property. The company declined to disclose the extent of the job cuts. Its really sad. Forward looking measures say recession is just around the corner. The Fed and soft landing Perma Bulls point to Januarys 517,000 payroll gain as proof the economy is still strong. Guaranteed Rate has been laying off since Nov 2021, they also laid off in Jan & March. Another important component of Texas Capitals plan is the buildout of fee-based businesses. I am looking to find who is servicing and how to obtain Satisfaction of Mortgage for de-funk company First Franklin Financial Corp subsidiary of National City Corp of Indian. Rocket Mortgage is consolidating heavily. I was thought I could get through this but that did not work out. Confirmed by people affected by the layoff. Looking to find out who took over Residential Funding Corp mortgage loans. Are there kids of working age in your basement? It was May 2020, and Texas Capital was not only not going to move forward with the $5.5 billion deal to merge with Independent Bank Group in McKinney, Texas, but the chief executive of Texas Capital had abruptly stepped down when the deal collapsed. I have 23 years in the mortgage fulfillment industry and that didnt save me from the layoff ax. Check that box. I dont know if they merged. I do have a form letter from Washtenaw indicating the loan was paid in full with a copy of the final escrow account disclosure statement, but it is not signed by anyone and sent out generically from their Customer Service Department. The future of our state is bright, and our Bank is well-positioned to serve the best clients in all our markets, grow with our clients, and become the premier financial services firm in Texas. Guild Mortgage has been doing layoffs since the end of 2021. NASB Home Loans just laid off about 37 of their 90 loan consultants and around 40 operations staff on November 3rd, 2022. An enhancement has been scheduled for our account opening platform on Thursday, February 23rd, starting at 8:00 PM CST to approximately 10:00 PM CST. Someone uploaded the zoom on YouTube. That why we are giving a $50,000 Honor Award to help expand access to healthcare for those who need it most. Laurel, NJ PHH Mortgage Corp. laid off 69 employees in Amherst, NY PHH Mortgage Corp. cut 2250 jobs in New Jersey PHH Mortgage Corp. cut 135 jobs in Amherst, NY PHH Mortgage Corp. laid off 130 employees at its Mount Laurel, NJ mortgage servicing center PHH Mortgage Corp. merger terminated PHH Mortgage Corp. exited wholesale/correspondent mortgage lending channel PHH Mortgage Corp. cut 33 jobs in Mount Laurel, NJ PHH Mortgage Corp. cut 80 jobs in Amherst, NY, eventually close office in 2017 PHH Mortgage Corp. laid off 365 mortgage workers in Jacksonville PHH Mortgage Corp. laid off 140 in Providence, 300 more from NJ and FL offices Piedmont Community Bank shut by FDIC Pierce Commercial Bank shut by FDIC Pillar Processing cut 601 employees at Long Island offices Pimco bought stake in First Guaranty Mortgage Pinehurst Bank shut by FDIC Pinnacle Bank of Oregon shut down by FDIC Pinnacle Direct Funding Corp merged with Tri-Star Lending Pinnacle Financial Corp. acquired by Impac Mortgage Holdings, closed Pisgah Community Bank closed by FDIC Plantation Federal Bank shut by FDIC Platinum Community Bank (IL) shut down by FDIC PMI Group Inc. (mortgage insurer) filed for Chapter 11 bankruptcy PNC Bank acquired BBVA PNC Bank acquired National City PNC Bank to close Capstone Realty Advisors (commercial mortgage unit) PNC Bank shed dozens of mortgage workers amid refinance slowdown PNC Bank discontinued wholesale home equity lending PNC Bank to cut 5,800 jobs PNC Bank to cut 30 workers at loan servicing center in Dayton Polk County Bank shut by FDIC Popular Financial Holdings exited the wholesale sub-prime mortgage market Popular Inc. cut 167 loan servicing jobs in New Jersey Popular Mortgage Corp. shut down Popular Warehouse Lending no longer accepting applications Portellus, Inc. (software) winding down mortgage division, selling mortgage assets Precision Financial Inc. closed Preferred Home Mortgage Co. cut 75 jobs Premier American Bank shut by FDIC Premier Bank shut by FDIC Premier Bank (Denver) shut by FDIC Premier Community Bank of the Emerald Coast shut by FDIC Premier Mortgage Funding, Inc filed for bankruptcy Premium Funding Corp. closed Pretium acquired Deephaven Mortgage LLC Primary Residential Mortgage Inc. acquire The Executive Mortgage Group Principal Mortgage Fund, Inc. to buy Fair Home Lending Financial, Inc. Now, its about doing more with less and combining teams to one manager. No class. Unaffiliated with Amerifirst Financial Inc.). WebAvailable: Monday through Friday, 8 a.m. to 6 p.m. CST Credit Card Customer Service Phone: 800.367.7576 Lost or Stolen ATM / CheckCard Phone: 877.839.2265, option 1 or 800.554.8969 Fraud Inquiries Received a suspicious email? 11 bankruptcy W.J. Was made a part of Envoy Mortgages 5th round of layoffs (since July) yesterday. Wentworth Home Lending, LLC, GMAC Mortgage to shut all 200 retail offices, Guaranteed Rate acquired Stearns Lending, Guild Mortgage Co. acquired Cornerstone Mortgage, HomeLight acquired mortgage startup Eave. Neighborhood Loans had a Layoff May 9th, 2022. They did a round of layoffs this year. The Banks net promoter scores measuring whether clients would recommend us to others are among the highest in all markets we serve. Different trains of thoughts arriving at the same station. The collapse of the Sam Bankman-Fried's controversial crypto exchange changed consumers' view of digital assets. Thank you. Hi. We received a 10-minute notice. I havent seen anything about it in the news. Texas Capital Bank Client Support will be closed for Presidents' Day on Monday, February 20, 2023. In October 2022, in partnership with The Business Journals, we conducted a survey of more than 600 business leaders across the states major metro areas to explore how macro challenges will affect Texas firms. Ive heard theyre also making pay cuts. I was one of those affected. 7 bankruptcy Liberty One Lending ceased operations LIME Financial Services (Credit Suisse wholesale) ceased lending LIME Financial Services, Ltd sold to Credit Suisse, downsized from 450 to 225 Lincoln Park Savings Bank shut by FDIC Live Well Financial, Inc. halted mortgage lending Lloyds TSB to buy Halifax Bank of Scotland for $22 billion Loancity closed 7 branches, shut down loanDepot and imortgage.com merged loanDepot acquired Mortgage Master, Inc. Loans 123 no longer taking anymore business London & Scottish Mortgages (LSM:UK) stopped accepting new applications Lone Star facing lawsuit over purchase of Accredited Home Lenders Lone Star to buy Bear Stearns Residential Mortgage Corp. Long Beach Mortgage Co. (WAMU) winding down operations Long Mortgage lost financing, parent First Magnus trying to dissolve unit Los Padres Bank shut by FDIC LowerMyPayment.com closed, mortgage lead company Lownhome Financial closed LRES acquired Lenders Choice Luminent layoffs, two default notices, selling equity stake to Arco Capital Corp. Luminent Mortgage filed Chapter 11 bankruptcy Lydian Mortgage shut wholesale, layoffs Lydian Private Bank shut by FDIC M&T Bank cut wholesale mortgage jobs M&T Bank acquired Hudson City Savings Bank, 384 layoffs MacQuarie Mortgages USA halts loan origination MacQuarie Mortgages USA laid off 69 employees McIntosh Commercial Bank shut by FDIC McIntosh State Bank shut by FDIC Madisonville State Bank shut down MagnetBank shut down by FDIC Main Street Bank shut down by FDIC Mainstreet Bank (MN) shut by FDIC Mainstreet Savings Bank shut by FDIC Mandalay Mortgage closed Marco Community Bank shut by FDIC Maribella Mortgage closed Maritime Savings Bank shut by FDIC Market Street Mortgage layoffs Market Street Mortgage to be broken up and sold in pieces, 53 layoffs Marlin Mortgage Company, LLC shut it doors Marshall Bank shut by FDIC Master Financial layoffs, ceased wholesale production Maverick Residential Mortgage reportedly closed MB Financial to stop mortgage lending, cut 500+ jobs MCAN Mortgage Corporation acquired Xceed Mortgage (Canada) MEM Financial Solutions filed for bankruptcy Member First Mortgage acquired Platinum Financial Funding Mercantile Mortgage ceased operations Meridian Bank shut down by FDIC Meridias Capital layoffs, rumors of employees not being paid Meritage Mortgage closed, staff employed by LIME Financial Merrill Lynch bought First Franklin Merrill Lynch to cut 4,000 jobs Merrill Lynch halted all lending at UK subsidiary Wave, layoffs Merrlin Mortgage Corp. acquired by Heartland Mortgage Co. MetLife halted reverse mortgage lending, sold servicing rights to Nationstar Mortgage Metlife shut down its forward mortgage division, 4,000+ layoffs MetLife acquired EverBank Reverse Mortgage LLC MetLife to buy First Horizon mortgage unit MetLife Bank cut 116 jobs in Irving, Texas Metro Bank of Dade County shut by FDIC Metrocities Mortgage now Prospect Mortgage Metrocities Mortgage stopped wholesale lending Metrocities Mortgage acquired Mortgage Services Unlimited Metro Pacific Bank shut by FDIC MCAP Financial (Canada) suspended subprime lending through its Eclipse division MGIC bought rival mortgage insurance provider Radian Group (abandoned) MGIC Investment Corp. cut 19 jobs at Milwaukee headquarters Miami Valley Bank shut down by the FDIC Michigan Mutual cut 68 mortgage jobs in Southfield Mid America Mortgage, Inc. to purchase assets of American Southwest Mortgage Corp. and American Southwest Mortgage Funding Corp. 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