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Entries from August 2007

Luxury Mortgage Market Update

August 25th, 2007 No Comments

We are in the midst of a liquidity crisis in mortgage banking. Silver State Mortgage is deceased. Except for conforming, Meridias Capital is now only brokering loans and reports have surfaced that after August they may shut down. Additionally, Over 105 lenders nationwide have shut down. Major institutional conduit lenders like Bear Stearns have been […]

Tags: Mortgage Industry News

Luxury Mortgage Group welcomes Donald Fouts

August 15th, 2007 No Comments

Luxury Mortgage Group is pleased to announce the hiring of Don Fouts to the position of Business Development Manager. A Portland Oregon native, the Senior Mortgage Banker began his career in Las Vegas as a loan officer in 1996.
In 1999 Don was promoted to Las Vegas Branch Manager for Genisys Financial Corp., a position […]

Tags: Company Announcements