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 Realty Mortgage done!!! Plaza status View next topic
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doinloansNM
Cherry Bomb


Joined: 09 Jul 2008
Posts: 158
Location: new mexico

Realty Mortgage done!!! Plaza status
PostPosted: Thu Jan 22, 2009 6:51 pm Reply with quoteBack to top

I just found out that Realty Mortgage has shut down as of yesterday. Still trying to get complete verification. Also does any one know the status of Plaza Mortgage???
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Kingfish
Flash in the pan


Joined: 20 Jun 2008
Posts: 55

Re: Realty Mortgage done!!! Plaza status
PostPosted: Thu Jan 22, 2009 7:19 pm Reply with quoteBack to top

are we talking about Realty Mortgage in Jackson, MS?
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mtgsintx
Dud?


Joined: 22 Jan 2009
Posts: 3

retail is still good
PostPosted: Thu Jan 22, 2009 7:47 pm Reply with quoteBack to top

I have it on good authority that their retail channel is still good to go.
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lonestarlo
Dud?


Joined: 22 Jan 2009
Posts: 2

Realty Mortgage Corporation
PostPosted: Thu Jan 22, 2009 7:53 pm Reply with quoteBack to top

I can confirm mtgsintx is correct. Retail channel is viable.
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Finstort
Dud?


Joined: 22 Jan 2009
Posts: 2

Re: Realty Mortgage done!!! Plaza status
PostPosted: Thu Jan 22, 2009 8:13 pm Reply with quoteBack to top

The retail side is alive and well and producing in near record numbers.
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Kingfish
Flash in the pan


Joined: 20 Jun 2008
Posts: 55

Re: Realty Mortgage done!!! Plaza status
PostPosted: Thu Jan 22, 2009 8:22 pm Reply with quoteBack to top

what they should consider as they have warehouse lines is start absorbing brokers in different states and sell retail. If you read the Chase announcement and see where the industry is going, Realty would be viable as a multistate retail op.
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lonestarlo
Dud?


Joined: 22 Jan 2009
Posts: 2

Re: Realty Mortgage done!!! Plaza status
PostPosted: Thu Jan 22, 2009 8:47 pm Reply with quoteBack to top

Realty Mortgage Corporation already is a multistate retail op. Go to joinrealtymortgage.com for more information.
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doinloansNM
Cherry Bomb


Joined: 09 Jul 2008
Posts: 158
Location: new mexico

Re: Realty Mortgage done!!! Plaza status
PostPosted: Thu Jan 22, 2009 9:35 pm Reply with quoteBack to top

UPDATE!!!! Realty is not funding on any loans currently in the pipeline or honoring locks. Also if loan has closed and not funded it will not be funded.
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mtgsintx
Dud?


Joined: 22 Jan 2009
Posts: 3

Re: Realty Mortgage done!!! Plaza status
PostPosted: Thu Jan 22, 2009 9:55 pm Reply with quoteBack to top

doinloansNM what evidence do you have to show this is true?
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doinloansNM
Cherry Bomb


Joined: 09 Jul 2008
Posts: 158
Location: new mexico

Re: Realty Mortgage done!!! Plaza status
PostPosted: Thu Jan 22, 2009 10:05 pm Reply with quoteBack to top

I will post as soon as i get the hard copies. But if you like PM and i will put you into touch with the AE's who are letting me know.
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