Trump Mortgage closes shop

Posted Aug 6th 2007 3:15PM by Zac Bissonnette
Filed under: Bad News, Trump Entertainment Resorts (TRMP)

I'm filing this item under schadenfreude: That shameful feeling of joy we get at the failing and suffering of others, especially people we dislike intensity.

Trump Mortgage is closing its doors less than two years after it began. The venture got off to a rocky start when it turned out the man tapped to run it, E.J. Ridings, had inflated his credentials.

According to The New York Post:

Trump played down his role in Trump Mortgage, saying it was just a licensing deal and he didn't have an ownership stake.

Trump is, however, licensing his name to First Meridian Mortgage, a lender that is being renamed Trump Financial.

Of course, Trump was talking about that when Trump Mortgage was going to be the next big thing.

Tags: Donald Trump, DonaldTrump, inthenews, New York Post, NewYorkPost, The Donald, TheDonald, TRMP, Trump, Trump Mortgage, TrumpMortgage

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Reader Comments (Page 1 of 1)

8-06-2007 @ 5:22PM

Michael Schneider said...

Donald Trump comments on CNBC today about this did shrug it off as a small matter but he had some bigger things to say about housing and the Fed. he said cash is king, housing in New York is still good but it could turn down in a week and if the Fed doesn't cut rates it will cripple the country's largest industry.

Synopsis of Donald Trump's CNBC comments are available for those interested at (light blue label, near top) http://www.Barrelomoney.com.

8-07-2007 @ 9:53AM

LEN ALTIMARI said...

He is a freaking moron. He can never admit his is wrong or full of BS.

8-07-2007 @ 10:46PM

Mark said...

This guy is a moron. You're Fired!

8-08-2007 @ 9:54AM

skyking1231 said...

Trump is not a moron. Anyone with that much $$$ is not a moron. But I don't care for him....Arrogant and extremely annoying.

8-09-2007 @ 1:31AM

James said...

Donald Trumps wants rates to be cut?? So that we can have runaway inflation?? Does he want our dollars to be worthless? Trump knows nothing about the economy or business, he only knows how to sell and talk himself up. This is fact.