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Subprime Mortgage News
Last Updated Monday, May 06, 2002 09:35 AM CST
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Nonprime and Subprime News
Coverage of Alternative 'Alt-A', subprime and home equity lenders. Loan production reporting for largest nonprime mortgage lenders. Analysis, studies, lawsuits and other industry insight.
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Senate Casts Critical Eye On Home Loans
Colorado's SB 73 would ban balloons and negative amortization on loans 8% higher than Treasuries
CNNmoney March 27
Bombardiered
Last week's subprime mortgage ratings activity
MortgageDaily.com March 26
Tyco's credit woes cost CIT on $2.5 billion bond sale
CIT plans to pay as much as 2.65% over U.S. Treasuries, compared to 1.08% to 1.53% premiums paid by rivals
BusinessToday.com March 26
NO CREDIT? NO PROBLEM
Amercian Business Financial is "in the business of borrowing money from individuals including elderly retirees, then lending it out to people who often can't pay it back"
NYPost.com March 25
Bankrupt Subprime Lender Settles With FTC
First Alliance CEO to personally make $20 million payment in predatory case
MortgageDaily.com March 22
Fanghella Faces Trial In May
The PinnFund Saga
MortgageDaily.com March 21
The 103 Percent Mortgage Loan
The pros and cons of high LTV purchase loans
RealtyTimes.com March 20
RFC Plans $1.9 Billion Subprime Offering
Last week's subprime mortgage ratings actions
MortgageDaily.com March 19
Predatory Lenders Target American Indian Market
10% of Associates Financial lending was to American Indians in 2000
CNNmoney March 17
Home-equity demand outpaces heavy supply
Value of home-equity loan-backed bonds expected to continue increasing over next few weeks
CNNmoney.com March 15
Few Homeowners Use Cash From Mortgage For Major Renovations
Harvard director says remodeling industry could grow 25% virtually overnight if there were better access to home equity lending products
MarketWatch.com March 13
$2.3 Billion Option
A look at last week's subprime mortgage ratings activity
MortgageDaily.com March 12
Wolf at the Door
Letter to the editor about predatory legislation from the co-directors of the Neighborhood Revitalization Project of the Center for Community Change
WashingtonPost.com March 10
Fannie Is Moody
Last week's subprime mortgage ratings actions
MortgageDaily.com March 7
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