Industry News

Mortgage Lenders Network USA stops funding loans

Subprime lender employs 1,800 nationwide
Published on Jan 2, 2007

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by CareyBot

Mortgage Lenders Network USA Inc. — which employs 1,800 people nationwide originating and servicing Alt-A and nonconforming mortgage loans — says it has stopped funding loans and accepting applications for new loans. The Associated Press reports that telephone recordings at ...