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Subprime Mortgage News

Last Updated Friday, March 11, 2005 02:28 PM CST

Nonprime and Subprime News | Subprime Statistics
Stories about non-QM products. Coverage of subprime, Alt-A and
hard money lending. Home-equity loans and home-equity lines of credit.




National Home
Equity Association
National Center for
Home Equity Conversion
Association of Community
Organizations for Reform Now

Home Equity Delinquencies Holding Firm
Moody's Index & HEAT Index indicate home equity pool performance withstanding slowing economy
MortgageDaily.com June 29
Canceled Policy

CitiFinancial to stop selling Single Premium Life
MortgageDaily.com June 29
Manufactured Housing Captures New Residents
A current look at the industry
RealtyTimes.com June 27
Equity loans and the new tax law
Under new alternative minimum tax, home-equity loans used for purposes other than home improvements generally don't qualify for the mortgage deduction
ChicagoTribune.com June 24
Getting A Loan After Bankruptcy
The difference to lenders between chapter 7 and chapter 13
RealtyTimes.com June 22
ACORN Says Lender Exploits D.C. Clients
Household accused of gouging Washington D.C. customers by requiring excessive fees and charging higher interest rates than are justified by clients' credit history.
WashingtonPost.com June 21
H&R Block Reports Record Full-Year Revenues and Earnings

Option One and H&R Block Mortgage originated $6.5 billion in loans during fiscal 2001, an increase of 14.7 percent over last year
Yahoo.com June 20
The Ups And Downs Of Reverse Mortgages

The basics of reverse mortgage loans
CNNfn.com June 11
Household in activists' sights

Acorn said it plans to file complaints against Household in several states
ChicagoTribune.com June 10
Which is worse: No loan, or one with high rates?

A look at some of the factors involved in deciding whether to take a subprime loan
ChicagoTribune.com June 10
Retiring on a Reverse Plan

Mortgage Option Gaining in Favor as Population Ages
WashingtonPost.com June 9
Nonconforming Australia Mortgages Perform
Exceptionally Well
Subprime, High-LTV and commercial property loans cited by S&P
MortgageDaily.com June 6
To the rescue

New owners of Superior Bank FSB intend to reexamine whether to continue subprime mortgage loans
Yahoo.com May 26
At Any Rate
Recent subprime mortgage industry ratings actions
MortgageDaily.com May 25
$100 Million In Missing Assets Sought In Pinnfund Scam
Investors Hold Little Hope Of Seeing Money
TheSanDiegoChannel.com May 22
Former PinnFund CEO Planned To Escape To Caribbean On
$1 million Yacht
Estranged wife obtained injunction preventing yacht from sailing
MortgageDaily.com May 14
Group Protests Against Lender
About 35 protesters from Association of Community Organizations for Reform Now (ACORN) were met by armed guards and rooftop security agents as they demonstrated outside Household International's annual shareholders' meeting in Tampa
Yahoo.com May 8
D.C. Housing Group Calls for Moratorium on Foreclosures

First Government Mortgage & Investors Corp. made predatory loans and is now in bankruptcy proceedings
WashingtonPost.com May 2
Delta To Be Delisted From NYSE
Shares trading at 25 cents
MortgageDaily.com April 27
New Century Takes Total Loss On LoanTrader Investment
$1.1 million charge taken in first quarter
MortgageDaily.com April 26
PinnFund Figure Tells His Version of Alleged $330 Million Mortgage Fraud

SEC contends alleged coconspirator -- James Hillman -- came across enough warning signs over the years that he should have known what was going on
Yahoo.com April 20


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06.25.01
New Century Increases EPS Estimate to
$1.30 - $ 1.45 for 2001

06.25.01
New Century Increases Warehouse Credit Lines By $70 Million

06.05.01
Hard Money Lender Sees "Fantastic" Ad Responses

06.05.01
New Century Reports Smooth Transfer of First $1.2 Billion To Ocwen Servicing Platform

05.22.01
Standard & Poor's Updates Subprime RMBS Default, Loss Assumptions

05.17.01
New Century Announces $750 Million Forward Sale Commitment Whole Loan Prices Continue to Improve

05.15.01
WMCDirect Passes $4 Billion Milestone

05.16.01
Approved Financial Corp. Reports 1st Quarter Loss

05.01.01
New Century Announces Insider Stock Sale