by Calculated Risk on 11/06/2007 04:26:00 PM

Mathew Padilla at the O.C. Register posts this ResMae email: ResMae stops funding loans

“... the current unprecedented market conditions have forced us to change course. Effective immediately we are temporarily suspending new loan originations. ... Our National Operations Center in Brea, CA will continue to support existing loans in the ResMAE pipeline and will continue to fund loans through their commitment expiration dates. Commitment dates will not be extended.“

See Matt's blog for more.