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 to the company-listed customer support number was not returned by press time.
Subprime Wholesaler HMIC Shuts Down
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