Meritage To Buy 15 Equicredit Branches

Chec It Out
Last week’s subprime mortgage ratings actions
MortgageDaily.com January 29

Former CIT Unit To Be Part Of Public Offering
Tyco Capital first of four units to be taken public in breakup
MortgageDaily.com January 23

Good Option
Last week’s subprime mortgage ratings actions
MortgageDaily.com January 23

Some Mortgages Can Reverse Your Fortune
Financial Freedom named in complaint about discontinued shared equity product
WashingtonPost.com January 19

Prefab home buyers, retailers feel pinch of tighter lending
Burned by too many defaults since the mid-1990s, lenders are tightening their credit standards or getting out of mobile-home financing altogether
SFGate.com January 18

Reverse mortgage can become expensive trap
With large up-front fees, followed by years of interest, reverse mortgages can eat up much more of the home equity
Freep.com January 18

I Fought The Law
A look at the recent changes in HOEPA
MortgageDaily.com January 17

It’s A New Century
Last week’s subprime mortgage ratings actions
MortgageDaily.com January 15

Reverse Mortgage Field Moving Forward on Hill
Well Fargo VP to appear on behalf of National Reverse Mortgage Lenders Association before Congressional Commission on Affordable Housing for Seniors
CNN Money January 14

To fight predatory lending, regulators need complaints
To generate more complaints and clamp down on lenders, Illinois regulators have teamed with community organizations to encourage victims to come forward
ChicagoTribune.com January 13

Home-equity loan on paid-up mobile home could be risky
Writer suggests avoiding high-rate HEL on mobile home
StarTribune.com January 13

Perfect candidate for reverse mortgage
All property owners must be at least 62 and lien must be 1st position
SFGate.com January 13

When Over, Impact Was Countrywide
Last week’s subprime mortgage ratings actions
MortgageDaily.com January 8

Using house like ATM deepens the debt hole
Home equity loans used repeatedly are only stop-gap solution to a continuing problem of overspending and debt
Freep.com January 4

It’s A New Century
Last week’s subprime mortgage ratings actions
MortgageDaily.com January 3

Affirmation
Last week’s subprime mortgage ratings actions
MortgageDaily.com December 28

The Home Equity Highway: Busy and Hazardous
A look at home equity lending for the consumer
NewYorkTimes.com December 23

Bank of America Launches Record RMBS
Home equity transaction includes EquiCredit originations since August ’99
MortgageDaily.com December 19

Should All Borrowers Pay More For No Doc Loans?
NIV programs avoid income documentation, but cost 0.375% more
RealtyTimes.com December 19

HOMES, Homes, homes
Last week’s subprime mortgage ratings actions
MortgageDaily.com December 18

D.C. Groups Warn Council To Keep Loan Protections
Local groups, lenders lobbying for opposing causes
WashingtonPost.com December 15

Rules expanded to fight abusive mortgage lending practices
Threshold for HOEPA lowered to Treasuries plus 8% from Treasuries plus 10%
ChicagoTribune.com December 13

Predatory Lending Surprisingly Common In California
36% of subprime loans surveyed contained at least two predatory terms
RealtyTimes.com December 13

Manufactured Home Ratings Reflect Weak Market
Last week’s subprime mortgage ratings actions
MortgageDaily.com December 11

Failed Bank’s Owners Agree to Pay $460 Million
Settlement by Pritzkers and Partner Sets Record for a Single Collapse
WashingtonPost.com December 11

Fairbanks To Purchase BoA Subprime Operations
Salt Lake City lender to service portfolio
MortgageDaily.com December 7

How big lenders sell a pricier refinancing to poor homeowners
Countrywide, Citigroup among lenders to refi 0% loans into high-rate mortgages
SFGate.com December 7

Diving Into The Delta
Last week’s subprime mortgage ratings actions
MortgageDaily.com December 4

The spin on reverse mortgages
Three programs include Home Equity Conversion Mortgage, Home Keeper mortgage and Financial Freedom Cash Account
WashingtonPost.com December 4

Web sites address home loan issues
DontBorrowTrouble.com, KnowledgePlex.org are Freddie & Fannie sites designed to help borrowers avoid predatory lending
ChicagoTribune.com December 2

Fed Looking at High-Cost Mortgages
Fed Board to take up proposals next Friday to tighten rules aimed at high-cost mortgage loans
WashingtonPost.com December 1

California Vs Household
Department of Corporations suing Household for $8.5 million
MortgageDaily.com November 21

FBI Investigation Leads To Indictment
Two men accused of $1 million mortgage scam
MortgageDaily.com November 5

Can ‘A’ Loans Be Predatory?
A look at potential abuses in prime lending
MortgageDaily.com November 9

PinnFund Fugitive Surrenders
Michael Fanghella surrenders to U.S. Marshals in San Diego
MortgageDaily.com August 2

Meritage To Buy 15 Equicredit Branches
Bank of America exiting subprime
MortgageDaily.com August 15