Does anyone know what's going on with Capital One Mortgage?
Closing on a property in 8 days and my realtor tells me they have fired everyone and are out of business? They aren't picking up the phone and the website is down.
Should I assume I'm not getting a mortgage through them and figure something else out? Everything was ready to go.
@Gene Fish They were shady with me a couple of weeks when I was chatting with them on Lines of Credit. Would not suprise me if they cleaned house or had a CPFB investigation going on.
ah nice thanks. it says this. so hopefully I'm good?
"The McLean-based credit card issuer and bank will service its existing and pending mortgage loans."
What happened? Bad loans? Fraud or just a line of business that did not work out for Cap One. A mortgage company going out of business brings back some memories from a few years back!!!
@Gene Fish if they are not picking up the phone I would start looking for a new lender.
yup! I have one lined up. just dunno how it'll work if I start to apply and then Capital One DOES come through. don't want to waste the other lender's time. doubtful he gets it done in 8 days also...will need to make arrangements for two families for prob at least a week.
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