Real Estate

Trump Mortgage, R.I.P.

by Tom Acitelli  |  August 6, 2007
|  Tags:

First he loses his TV show. Now this.

Crain's reports this morning (subscription required) that Trump Mortgage, launched with much fanfare in several states less than two years ago, has gone out of business. It wasn't the Donald's fault, however. As The Post summarizes:

Plagued by bad timing and the disclosure that the firm's chief executive, E.J. Ridings, had inflated his credentials, the outfit never came close to reaching its financial goals...

True to form, Mr. Trump is already back with another branding deal. He will sell his name to a lender called First Meridian Mortgage. It will be renamed Trump Financial.

  • del.icio.us
  • Digg
  • Reddit
  • Newsvine
  • Google
  • Yahoo
  • Technorati
  • Facebook
  • Stumble Upon
  • Netvibes
  • Windows Live

Comments
Post a comment

Post a comment

The content of this field is kept private and will not be shown publicly.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
  • Allowed HTML tags: <a> <em> <strong> <cite> <code> <ul> <ol> <li> <dl> <dt> <dd><br> <p> <i> <b> <embed> <img> <blockquote> <span> <strikethrough> <u>
  • Use <!--pagebreak--> to create page breaks.

More information about formatting options

By checking this box you are giving permission for Observer staff to contact you to obtain contact information and permissions required for publication.