Mortgage Grapevine

HOME123 - Are They Still Open??? Still Accepting New Business???

by ducksinarow April 5, 2007 12:00 AM

no.

http://www.home123.com/

by ol'canuckle head April 5, 2007 12:00 AM

My realtor friend seems to think that they have been bought by another lender...

I´m competing for their business and would appreciate any "useful" info....


by ducksinarow April 5, 2007 12:00 AM

Home123 is the retail arm for New Century. New Century is currently in bankrupcty; it is too soon I believe for the Court to approve a partial sale of assets.
by Deep River April 5, 2007 12:00 AM

I don´t understand how anyone can be competing for business from HOME123????? We can´t do anything. But, our doors are still open and the paychecks keep coming so we are keeping our fingers crossed that someday soon our company will once again be a front-runner in the subprime industry.
by Tacomagal April 5, 2007 12:00 AM

no they are done
had lunch with one of their former employees
last paycheck 04/13/07
no severance
by fraudfinder April 5, 2007 12:00 AM

by freedive69 April 17, 2007 12:00 AM

Some of the Palm Beach, Florida Office employees have joined WCS Lending, LLC.

www.wcslending.com
by freedive69 April 17, 2007 12:00 AM

Question: I was visiting a County Treasurer the other day and he told me some of the lenders did not pay the taxes on property they hold the mortgage for 2006. He said he called them, and at least once was told to sell the property in the upcoming tax sale, they were bankrupt, they didn´t care.

Could this be a larger problen for 2007?

When a lender goes broke, how does that effect the escrow service?
by Gancho April 21, 2007 12:00 AM

We were told by conference call on 4/2/2007 that Home123 was dissolved due to New Century filing BK. I received my final paycheck dated 4/13/2007. It included 2 weeks severence pay and all accrued vacation hours, just as we were promised on the 4/2 call.
Home123 was a great company to work for, I think that New Century should have sold us off before they got in too deep of trouble. We were very profitable and held them up for quite awhile befor ethey went down.
by former H123employee May 1, 2007 12:00 AM

I´m trying to pay off a loan that was originated by the anyloan company dba home123.

The interium assignment was never filed for record and I´m trying to find someone who might have a contact name & Telephone # for an officer who could execute.
New Century was to fix this but now all my contact numbers are disconnected right before the holidays. Please advise.

I´m also looking for contacts for Empire Funding, Cambridge Group Inc and Newport Pacific Funding Corp with the same problem as above.
by aircastle January 17, 2008 12:00 AM

I am responding to Aircastle´s question about finding someone who might have contact names for the former lenders who are no longer in business.

As a former mortgage company Compliance Administrator responsible for licensing, I can tell you all companies doing business are required to be registered with the Secretary of State.

At the time of registration the corporation must also provide the name of a ´agent´ who will accept mail and legal filings on their behalf.

Most registered agents have the authority to execute documents for the company or have the ability to contact a former officer of the corporation who can execute the document for you.

You can locate the registered agents name and mailing address in the California Secretary of State´s homepage: http://kepler.sos.ca.gov/

I hope this information helps ~ Good Luck


by Compliance.Girl January 17, 2008 12:00 AM

Here is the latest news about Home123 and New Century Mortgage: Press Release:

Home123® Back in Business with the Help of 400 Credit Unions.
August 21, 2008
PBG Financial Services Ltd (PBG) in partnership with Central States Mortgage Inc. announces the relaunch of Home123 Mortgage®. Home123® is the first of the national mortgage brands to reemerge after falling into bankruptcy related to the subprime credit crisis. PBG purchased the rights to Home123 Mortgage and related brands from Home123’s former parent company, New Century Financial Corporation. Central States Mortgage Inc., the nation’s third largest credit union service organization, will provide all financial services including fixed and adjustable rate mortgages, refinancing, FHA loans, VA loans, interest only loans, reverse mortgages and other borrower specific programs. The partnership instantly gives a national footprint to Central States’ network of over 400 credit unions, while borrowers gain access to hundreds of stable lending institutions less affected by the current credit downturn.

www.forbes.com/businesswire/feeds/businesswire/2008/08/26/businesswire20080826006255r1.html

Anyone looking for loan servicing from loans issued before August 2008 should know:

New Century Mortgage Loan Servicing is held by Carrington Capital -

Email: info@CarringtonCap.com | Phone: 203.661.6186


For all inquiries related to Carrington Mortgage Services (formerly New Century Financial) or any previous New Century loans:

-- Visit or
-- Call Customer Service at (800) 561-4567


http://www.myloan.carringtonms.com


by Brandivation September 3, 2008 12:00 AM

Home123 is currently looking for a funding partner/origination partner. You may remember that Bob Vila was the national spokesperson for Home 123 for 5 years and that Home 123 was the official mortgage company of NASCAR. Over a 10 year period $130 million was invested to develop this fortune 100 trademarked brand. During 2005/2006 alone $24 billion was closed under the Home 123 brand as a division of New Century.

We at Brandivation acquired all of the Home 123 brands (including Casa 123, Anyloan, home123loan etc) out of bankruptcy court last year and are looking to replace our current lending partner. We also have a key executive on board who developed and managed the Home 123 brands from inception up through the time of their sale to New Century. At the time of New Century’s bankruptcy, the Home 123 brands were carried on their books at $70 + million. Brandivation will license the Home 123 brand to the joint venture. Brandivation is seeking a joint venture where our partner would retain effective control of 50.1%. Our projections will illustrate net income after all expenses of approximately 130 bps. The above market net income is achieved through Home 123s low lead acquisition cost and a low sales cost for our centralized business model that is based on captive in house business. By simply recently turning the website back on, with no marketing initiatives being undertaken, we are currently receiving a couple hundred form a month.

Along with national brand recognition, Home123® will provide the joint venture with:
• A real-time exclusive branded leads
• A fully developed integrated marketing platform that includes vanity numbers (1-800-HOME-123 and others)
• A call center integration module
• Potential cross-sell revenues
• Extensive library of marketing collateral
• Social network advertising platforms
• A unique self-contained lead generation and affiliate management platform, www.home123partners.com; whereby prospective companies can earn revenue by advertising the Home123 offer and participating in numerous branded marketing campaigns.

A detailed marketing plan and Pro Forma outlining the opportunity are available. Contact Home123 at 203-402-0300 for additional information.


by home123 July 1, 2009 5:28 PM

I'm still looking for anyone connected with
The Cambridge Group Inc I think in NY or surrounding area.
American Fidelity Inc in LA

Aames Funding Corporation dba Aames Home Loan


I'll pay them for their time!
by dajceo October 12, 2009 4:22 PM

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