FAQ  |  Search  |  Memberlist  |  Usergroups   |  Register  |  Profile  |  Log in to check your private messages  |  Log in 

 Lime [Imploded] View next topic
View previous topic



Post new topicReply to topic
Author Message
aa316
Dyn-o-mite!


Joined: 08 Mar 2007
Posts: 339

Lime [Imploded]
PostPosted: Thu Apr 19, 2007 6:21 pm Reply with quoteBack to top

the deal with credit suisse(cs) is nothing new its been in the works since the summer, if i recall cs came in with addl warehouse resources for lime, what it really was to those that could see though the pr bullsh** was that cs wanted to see how lime's deal will execute before they pulled the trigger on taking them over... now they made it official but trying to get a deal through lime is like trying to go through a minefield, with cs calling the shots i see it being even harder and lime being absorbed into the company and going to the four winds eventually where the reps will be cs reps... from what i hear similar situation is to happen to saxon eventually...

one thing for sure those baldwin boys know how to make companies(meritage) sell them off, start new companies (lime)take in some refugees(meritage ee's after company went down) and then sell off again(lime to cs)!!
meritage people are some commodity being sold off then reabsorbed and now sold off again!
View user's profileSend private messageVisit poster's website
aa316
Dyn-o-mite!


Joined: 08 Mar 2007
Posts: 339

Re: Lime [Imploded]
PostPosted: Fri Feb 01, 2008 11:33 pm Reply with quoteBack to top

any new news on these guys or are they dead?

i had heard the reps were given a nice salary based off of a percentage of their income the year before and their ytd! WHILE having no product to sell... the logic is to keep them on board so when CS gets things going they wouldnt have to spend the extra money to hire new people and train them, but i heard this a long time ago. there doesnt seem to be anything to date on the net on their status

_________________
"its not who you are, but its what you do that defines you"
View user's profileSend private messageVisit poster's website
mtgbiz
Cherry Bomb


Joined: 02 Nov 2007
Posts: 116

lime
PostPosted: Sat Feb 02, 2008 12:20 am Reply with quoteBack to top

doing good and working hard, minimal reps but still have product. Cred suisse hasn't tanked them yet.

_________________
Mortgage Advisor
View user's profileSend private message
thebfgb
Schumpeter Reincarnate


Joined: 21 Jan 2008
Posts: 3256

Re: Lime [Imploded]
PostPosted: Sat Feb 02, 2008 11:02 pm Reply with quoteBack to top

Lime is still going... i know an AE who has been there for a couple years and he's still there
View user's profileSend private message
brokerjohn
Schumpeter Reincarnate


Joined: 11 Dec 2007
Posts: 4761

Re: Lime [Imploded]
PostPosted: Sun Feb 03, 2008 6:27 pm Reply with quoteBack to top

they are trying to come back into the Chicago market, not that they were ever really here in the first place.

Does anyone know if Credit Suisse is doing mortgages separately? I know the two people in Chicago were working on the CS side prior to being switched to the latest greatest Lime incarnation.
View user's profileSend private message
WillRepForFood
Nitroglycerin


Joined: 20 Apr 2007
Posts: 736
Location: Minneapolis MN

Re: Lime [Imploded]
PostPosted: Sun Feb 03, 2008 6:58 pm Reply with quoteBack to top

Is anyone else as shocked as I am that LIME of all lenders seems to have survived this mess?

Image

_________________
Editor - InformedBroker.com

Online source for Mortgage Broker News and Information - http://www.informedbroker.com -- but, you already knew that...

Wood 'n' Paper - Portraits in wood and paper, cut by hand
http://www.woodnpaperonline.com
View user's profileSend private messageSend e-mailVisit poster's website
McFly
Flash in the pan


Joined: 28 Nov 2007
Posts: 80

Re: Lime [Imploded]
PostPosted: Mon Feb 04, 2008 3:40 pm Reply with quoteBack to top

OMG! ROTFLMAO!! I just blew coffee out my nose.....haha

That "SUPPLIES" is hilarious. Jeremy, I come to the site now strictly for entertainment from YOU! hahahahahaha

I think LIME is flying under the radar somehow. I saw an AE in the field not long ago and she had on a LIME GREEN blouse (no kidding). I introduced myself and asked her who she worked for and she said "LIME". I looked at her top and wish to God, I could have held in the chuckle, but I couldn't. She looked completely offended until I explained I was laughing at her company name coordination to her fashion sense. I think she only "mildly" forgave me. The LO laughed too though.

...........obviously not one of my "finer moments" Twisted Evil or Snarky .....hehe
View user's profileSend private message
GizmoBunny
Dud?


Joined: 04 Feb 2008
Posts: 1

LIME
PostPosted: Mon Feb 04, 2008 4:02 pm Reply with quoteBack to top

Lime will be done in short order. AE's unhappy. Getting deals done is a nightmare and CS isn't buying their own company's production.

_________________
Gizmo was here
View user's profileSend private message
turbo
Cherry Bomb


Joined: 11 Jan 2008
Posts: 112

Re: Lime [Imploded]
PostPosted: Mon Feb 04, 2008 4:04 pm Reply with quoteBack to top

I'm in the Pacific NW, and I heard just last week that they are looking to get into VA lending (at least here). They had contacted one of my former underwriters who had some VA experience. I hadn't heard about them in more than a year and had assumed they were no longer with us. Evidently they are, and are getting into doing govt. loans.
View user's profileSend private message
BankDude
Dud?


Joined: 04 Feb 2008
Posts: 12
Location: NV

Re: Lime [Imploded]
PostPosted: Mon Feb 04, 2008 7:21 pm Reply with quoteBack to top

Straight from the area managers mouth here in Nv.


They will be doing the prime. They are in the middle of setting up there FHA/VA. Convent stuff, and they were just on a conference call thursday last week for the new Jumbo product there putting out.

There game plan is to carry nothing but Prime products by the time they have the sales force out on the street again solicting heavily. There "fixed" salary comes to an end this month.

_________________
The wholesale wolf
View user's profileSend private message
Display posts from previous:      
Post new topicReply to topic


 Jump to:   


Merge topics 

View next topic
View previous topic
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum




Powered by phpBB 2.0.22-2 (Debian) © 2001, 2002 phpBB Group :: FI Theme :: All times are GMT