A simple message on a Southern California-based mortgage firm's Web site advises customers that it is done doing business.
"Innovative Mortgage Capital has ceased operations," read a message on its Web site today.
"To contact please email [email protected]," was the only other statement.
Earlier this month, the Irvine, Calif.-based company touted on its Web site its ability to fund mortgages anywhere in the United States. It claimed to be "one of the largest affiliation of mortgage and real estate professionals in the nation."
Among loan programs promoted on a former product matrix were no-income verification loans up to 100 percent loan-to-value on owner-occupied properties, stated-income investor loans up to 85 percent LTV and no-documentation loans to 95 percent LTV.
The company did not respond to MortgageDaily.com's requests for a statement.