QHL Suspends Funding For Now

Hard money lender Quality Home Loans, Agoura, Calif., has suspended funding new mortgages but promises it will re-enter the market shortly, MortgageWire has learned.A spokeswoman for the privately held QHL said the suspension is "temporary," adding that brokers are still submitting loan applications to the company. "We're here, open and at full staff," she said. "It's only for a few days." According to the Mortgage Industry Directory, QHL funded about $600 million last year. It is a wholesale-only lender.