MortgagesUndressed

Loan City, a conventional lender announced they are out of business. What you the consumer should do if you have a loan in process is to immediately call your loan officer and determine if your loan was locked with Loan City. If it is you need to have time to move the file to a new lender and to see if you can stay at the rate you are locked in. You should also inquire if rates are lower now, they may be, and this would be one of those rare times you can lock and get a lower rate. Larry Cragun

LoanCity is closed for business. Today March 20, 2007 is the last day we will be funding loans. To our customers, our staff and business partners - we thank you.