UPDATED 8/6 2:45 pm PDT
According to the folks over at Implode-O-Meter Aegis is closing its doors. However, American Banker is reporting that the company is suspending funding but has not closed. From the American Banker article (subscription):
Pat Wendt, the spokeswoman, said Aegis has not closed any branches. It is unclear whether the company will be able to fund applications currently in its pipeline, she said.
From the Implode-O-Meter site:
Update 2007-08-06, Aegis Wholesale closing: We have received numerous tips this morning regarding Aegis Wholesale closing their doors today. This Broker Outpost thread is detailing the closure as information is coming out. One poster there notes: I just got off the phone with my rep, today is everyones last day, they are handing in keys and security passes. Not funding anything. They were my main A paper lender. Any suggestions on an A paper lender that will weather this, I have to place some loans quick. We have received numerous tips this morning regarding Aegis’ closure. For example, one informant forwarded the following email from an Aegis rep: At this time Aegis has suspended all operations. No further information is available at this time. We will forward any information as it becomes available. We are awaiting official word of the closure. At this time, nothing has been noted on teh Aegis Wholesale website (aegiswholesale.com). If you receive official word of the closure, please send it our direction.
We’ll let you know if we hear anything more over on our end.
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[Source: Blown Mortgage]
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