Origination/Lending

Subprime Wholesaler HMIC Shuts Down

By PAUL JACKSON
December 25, 2006

Irvine, CA-based Harbourton Mortgage Investment Corporation announced last week they have shut down operations, effective Dec. 20th. The company was a small wholesaler of subprime and Alt-A loans.

A notice on the company’s website provided no reason for the shutdown, other than expressing ‘deep regret’ for the company’s closure.

A call toÂ the company-listed customer support number was not returned by press time.

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