In the current market, Mortgage Companies are going out of business at an alarming rate,  whether you are buying, selling or refinancing make sure you know the lender you are dealing with is not in jeopardy of closing their doors!

If the lender you are working with goes out of business before the transaction closes as a seller, you have to wait for the buyer to aquire a new lender.  As the buyer you may be in jeopardy of losing the home that you just spent so much of your time searching for!  Here are just some of the latest articles on mortgage companies in jeopardy.  I am also listing a couple of websites that may be good resources in researching potiental lenders!

INDY MAC SELLS BRANCHES TO PROSPECT, MAKES FUNDING LOANS DIFFICULT!

CTX just notified their employees this morning via a conference call that they are shutting the doors.

Mortgage Lender Impode-o-Meter

The Truth About Mortgage