Monday, March 05, 2007


From Brokers Outpost comes a memo from Ameritrust:

Effective Monday, March 05, 2007 the subprime wholesale division of Ameritrust Mortgage Company is no longer in operation. Due to market conditions, our warehouse provider, Washington Mutual, ceased funding for subprime loans. This has left Ameritrust with no alternative to fund subprime loans. Ameritrust truly appreciates you for your past support and valued business! We have much hope to serve you again in the future.The Retail division of Ameritrust Mortgage is still in operation. If you would like to speak with a licensed loan officer please call 704-945-2536 for assistance.


Anonymous said...


Can you find this announcement on their web site? I can't.


Bakersfield Bubble said...

Nothing yet. I will keep checking