Trump Mortgage launch and closure

What happened

1. promise2006-04-01reported

   Trump promoted the new mortgage company as a major branded financial-services venture.

   • TIME: Donald Trump's Business Failures: A Complete GuideTrump Shuttle, Trump: The Game, mortgage, travel, magazine, vodka, and steak sections
   • CBS News: The ultimate guide to Trump-branded goods2016-03-10 · Mortgage, travel, magazine, vodka, and steak sections
   Read full record
2. action2006-04-01reported

   Trump Mortgage began operations using Trump's name and public endorsement.

   • TIME: Donald Trump's Business Failures: A Complete GuideTrump Shuttle, Trump: The Game, mortgage, travel, magazine, vodka, and steak sections
   • CBS News: The ultimate guide to Trump-branded goods2016-03-10 · Mortgage, travel, magazine, vodka, and steak sections
   Read full record
3. affected group2007-08-01documented

   The mortgage venture closed after a short operating period.

   • TIME: Donald Trump's Business Failures: A Complete GuideTrump Shuttle, Trump: The Game, mortgage, travel, magazine, vodka, and steak sections
   • U.S. Securities and Exchange Commission: Trump Media & Technology Group Form 424B42024-02-16 · Risk factors describing outcomes of earlier Trump-branded ventures
   Read full record
4. limitation2007-08-01reported

   The broader mortgage-market downturn and day-to-day management by others are relevant context.

   • TIME: Donald Trump's Business Failures: A Complete GuideTrump Shuttle, Trump: The Game, mortgage, travel, magazine, vodka, and steak sections
   Read full record

People and organizations

• Trump Mortgage employeesaffected party
• Trump Mortgage customers and brokersaffected party