American General Shuttering Channel?

American General Financial Services, Evansville, Ind., has reportedly closed its correspondent loan channel, according to an executive who has done business with the company.The executive, requesting anonymity, said his secondary-market chief was told the news on Thursday. Telephone calls to AGFS in Indiana, and its affiliate Wilmington Finance of Pennsylvania, had not been returned as of MortgageWire's deadline. AGFS is a subsidiary of insurance giant American International Group, New York. A few weeks ago, Wilmington Finance president Jerry Schiano left the company. He was replaced by George Roach. Mr. Roach could not be reached for comment.