Residential Loan Stoppage By MLN Creates an Uproar
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| Middletown, Conn.-based Mortgage Lenders Network USA plans to move to this new Wallingford, Conn., facility in 2007. Construction continues on the building despite the company’s recent announcement that it would stop funding residential loans. |
By Amy Wyeth and Katie Curnutte
Citing “a lack of available warehouse funds,” Middletown, Conn.-based Mortgage Lenders Network USA, one of the nation’s top subprime lenders, announced Dec. 29 that it would stop funding residential loans.
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