home subscribe advertise reprints e-mail help RSS about us LOG IN

Mortgage News

 

Mortgage News

HOT Topics

production

servicing

compliance

legal

fraud

secondary

jobs

appraisal

site map

www.loan-academy.com/
twitter linkedin
facebook google+
Search:

Mortgage News

News by Subject
Complete list of specialty news sections.

Purchase Subscription
Subscribe to MortgageDaily.com and get immediate access to all news, statistics and archives.

Mortgage Advertising
Reach mortgage executives, loan originators and other people tied to mortgage industry.

Consumer Mortgage News
Free mortgage news for prospective borrowers.

Mortgage Newsletter
Free e-mail newsletter with the latest headlines from MortgageDaily.com.

Mortgage News Reprints
Put entire MortgageDaily.com stories in your online or printed newsletter or publication.

Mortgage Feedget RSS code
Condensed MortgageDaily.com stories free on your Web site or for your RSS reader.

News Archives
Archive of MortgageDaily.com stories by month going back to 1999.

Press Releases
Reports and announcements from MortgageDaily.com.

Mortgage Statistics
Data and statistics for real estate finance.

Mortgage Directories
Directories of lenders, branch operators and mortgage service providers.

Mortgage Graphs
Directories of lenders, branch operators and mortgage service providers.

Subprime Mortgage News Archives
July 2001

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.



PinnFund Fugitive Surrenders
Michael Fanghella surrenders to U.S. Marshals in San Diego
MortgageDaily.com August 2
Prepayment Penalty Haunts Some Borrowers
Many low-income subprime consumers are missing the refinance party
SFGate.com August 1
New Century Set to Lay Off 140
Layoffs are related to sale of servicing to Ocwen
LendingIntelligence.com July 31
Chase Sues Advanta
Chase said it sustained $67 million in damages as a result of Advanta's alleged actions
MortgageDaily.com July 30
Mortgage firm has good model for subprime lending
Ameriquest Mortgage tells customers to check out the competition to confirm best terms
ChicagoTribune.com July 29
Pritzkers' Chicago Bank Fails
Regulators found that Superior Bank engaged in poor lending practices, inadequate supervision of employees and poor record keeping
WashingtonPost.com July 28
Citigroup Hires Lawyer in Loan Abuse Case
Former Clinton defense attorney met with at least current and former CitiFinancial employees to remind them of agreements to keep quiet about their employer, leaving many of them frightened
Yahoo.com July 27
Illinois lending rules challenged
Illinois Association of Mortgage Brokers has filed a lawsuit seeking to void many of the state's new regulations against predatory lending
ChicagoTribune.com July 26
High-Cost Home Loans Estimated
Estimated annual cost to borrowers is $9.1 billion, including $2.1 billion for credit insurance, $1.8 billion for up-front fees, $2.3 billion for prepayment penalties and $2.9 billion for excess interest rates
SFGate.com July 25
Saxon seen offering $650 mln home equity ABS
Deal will be Saxon's first securitization since Dominion Resources Inc. completed divestiture of company earlier this month
Yahoo.com July 24
Household eases subprime lending terms

Company to cut prepayment fees, reduce rates for on-time payments, lower rates to customers with good credit, allow more time to cancel insurance policies and assist customers of other subprime lenders in avoiding foreclosure if they were victims of unfair mortgage-lending practices
ChicagoTribune.com July 24
Subprime Borrowers Confused, Dissatisfied

Fannie study focusses on credit-impaired
MortgageDaily.com July 20
Option One prices $296.9 million home equity ABS
Notes are part of a subprime home-equity loan deal totaling $2 billion
Yahoo.com July 19
CitiFinancial Income Up 40%
Increase from 2nd quarter 2000 attributed to Associates integration and receivable growth
MortgageDaily.com July 17
Are Credit Scores Plummeting?
Sampling of FICO scores generated by a large independent credit reporting agency suggests that home mortgage applicants' scores are slipping
MortgageDaily.com July 16
How unscrupulous lenders prey on the vulnerable
Predatory lending activity in California
SFGate.com July 15
Home equity loan rates hit lowest levels in years
Average home equity line-of-credit rate has fallen to an 8-year low of 6.98%
(+/- 7.5% without teaser rates included)
BankRate.com July 12
Household To Drop Single Premium Insurance
Move -- which follows similar Citigroup move -- will cost company $10 million in net annual income
WashingtonPost.com July 12
Long Beach launches $1.56 bln mortgage ABS
Subprime mortgages use European indices
Yahoo.com July 10
Subprime Company Raises $277 million
Dominion divests Saxon per Consolidated merger requirement
MortgageDaily.com July 9
How To Move Up With Old Equity
Options for buyers who don't sell old home before buying new one
RealtyTimes.com July 6
Fed to Review CitiGroup Lending Efforts

CitiGroup has cut ties with many former Associates brokers and announced it would stop selling single-premium credit insurance on mortgages
Yahoo.com July 2
Good credit bad credit
Some questions about credit
Inman.com July 02
How much of our homes do we own?

Harvard study reports that last year 16% of borrowers put down 5% or less on their mortgages, and equity is at a record low
ChicagoTribune.com July 1
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
At Any Rate
Recent subprime mortgage industry ratings actions
MortgageDaily.com May 25
Former PinnFund CEO Planned To Escape To Caribbean On
$1 million Yacht
Estranged wife obtained injunction preventing yacht from sailing
MortgageDaily.com May 14
Friction With Fannie and Freddie
Some subprime lenders unhappy with GSE participation
MortgageDaily.com April 2
New Century Takes Total Loss On LoanTrader Investment
$1.1 million charge taken in first quarter
MortgageDaily.com April 26
Old Standards

Servicers talk about servicing nonstandard mortgage loans
MortgageDaily.com March 13

Subprime Archives

2001
2000
1999
January
January
February
February
March
March
April
April
May
May
1st issue
June
June
June
July
July
July
August
August
August
September
September
September
October
October
October
November
November
November
December
December
December

SUBSCRIBERS: Edit Subscription | Subscription Help | or call 214.521.1300

Subscribe Contact Us Site Map

Copyright © 2017 Mortgage Daily, D a l l a s
Subsribers Only:

AMC directory

ARM indexes

mortgage company directory

mortgage regulations

net branch directory

p r i c i n g engine directory

wholesale lender directory

More Mortgage News Resources (full site map):

advertising news

appraisal news

bank news

biggest lenders

commercial mortgage news

corporate mortgage news

credit news

FHA news

financial regulation news

foreclosure news

free mortgage news

GSE news

jumbo mortgage news

interest rates

loan modification news

loan originator survey

LOS Newsletter

MBS

mortgage associations

mortgage-backed securities

mortgage books

mortgage brokers

mortgage compliance

mortgage conferences

mortgage directories

mortgage education

mortgage employment

mortgage employment index

mortgage executives

mortgage fraud

mortgage fraud blog

mortgage fraud local news

Mortgage Fraud Index

Mortgage Graveyard

mortgage insurance news

mortgage lawsuits

mortgage leads

mortgage lender ranking

mortgage licenses

mortgage litigation

Mortgage Litigation Index

Mortgage Market Index

mortgage mergers

mortgage news

mortgage politics

mortgage press releases

mortgage production

mortgage public relations

mortgage rates

mortgage servicing

mortgage statistics

mortgage technology

mortgage video

mortgage Webinars

net branch

net branch directory

nonprime news

origination news

originator tools

real estate news

refinance news

reverse mortgage news

sales blog

secondary marketing

social media

servicing news

subprime news

wholesale lenders

wireless mortgage news


08.01.01
Delta Defaults On $150 Million Notes

07.30.01
New Century Files for Secondary Stock Offering

07.26.01
Oakwood Homes Reports $50 million Loss

07.25.01
NovaStar Financial, Inc. Reports Record Earnings

07.23.01
Aames Completes $150.0 Million Securitization, $383.4 Million Whole Loan Sales

07.20.01
New Century Financial Corporation Announces $0.51 EPS for Second Quarter 2001

07.13.01
IMC Mortgage Company Announcement

07.10.01
Bay View Sells $309 million In Loans To Goldman Sachs

07.02.01
CIT sells Manufactured Housing Assets

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