Add the name of Alexander ‘Zan’ Hamilton to the growing list of former mortgage bankers who are hoping to get back into the game.
Processing Content
According to a spokesman for Hamilton – best known in the industry, perhaps, for his days as CEO of nonconforming lender LIME Financial of Lake Oswego, Ore. – he is in “midst of getting a bank deal done in Oregon.”
At press time no further information was available, including the identity of the depository that Hamilton wants to buy.
During his long career in mortgages, Hamilton also worked at Credit Suisse, which bought LIME in 2007. (Hamilton joined LIME in 2003.)
LIME, a wholesale lender, closed its doors in late 2008. At its peak it was funding about $300 million a month in nonprime residential loans.
