Aegis Mortgage Goes BK
Forclosure Properties
I just received an email from one of our parent company’s execs stating that Aegis Mortgage will be ceasing operations. Another email I received shortly after from another lender stated that they have filed for BK. I cannot find any news right now on their website or on Google News, but I am confident that no matter how they do it, they will be shutting down lending operations. This comes on the heels of some pretty serious turmoil in the secondary markets last week and I am sure that this week will see more big news (big as in more meaningful than some of the smaller operations that have gone under over the past few months). Barclays appears to be right at the front of the line when it comes to “underwriting” many of these bond deals. It will be interesting to see how much of the news this week involves them and their dealings.
tags: aegis, barclays, bonds, lending, mbs, mortgages, sub prime, subprime
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