Georgia Lender Closes Wholesale - Mortgage Forums for Mortgage Brokers

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		Mortgage Forums for Mortgage Brokers > Mortgage Business > Mortgage News
Georgia Lender Closes Wholesale

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12-05-2007, 05:06 PM

Veronica Corningstone Veronica Corningstone is offline

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Georgia Lender Closes Wholesale

BayRock Mortgage Corp. discontinued all of its wholesale operations effective immediately, according to an e-mail message today from Bayrock's president. In a July 2005 interview, Bayrock told MortgageDaily.com a Kentucky center would house 100 new nonconforming wholesale employees. "A challenging market environment, coupled with continued liquidity limitations, gives us no other choice but to look for the long-term survival of BayRock," the CEO's message said.

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