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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.



RockLoans.com Introduces Breakthrough 'Zero Down' Home Loan on the Internet

Chicago internet mortgage company offering no-down loan for subprime borrowers

AOL.com August 31

Book offers good advice on mortgage debt

Discussion about pros and cons of home equity mortgage debt

StarTribune August 28

Inventory Glut Bogs Down Makers of Pre-Built Homes

Manufactured-housing firms' profits dropping due to surge in retailers and tighter credit guidelines from lenders

LATimes.com August 27

BancBoston Robertson Stephens Reiterates Buy Rating on ACF

Compared to credit card companies, Americredit trading at 47% discount

AOL.com August 26

Green Tree $465M HEL Ctfs Series 1999-D Rated By Fitch IBCA

Home equity loan portfolio carries a weighted average coupon of 11.46%

FitchIBCA.com August 26

ContiMortgage P-T Ctfs Ser 1997-1 Class B Rating Lowered

Action comes as a result of detioration of mortgage pool

CBSNews.com August 26

Fitch IBCA Downgrades Saxon Mortgage Securities Corp Issues

Level of losses and delinquency caused action

NewsPage.com August 26

Aames Financial Corporation Notifies Stockholders of Rights Offering

Notifiication of stock purchase agreement with Capital Z

AOL.com August 26

Full Spectrum Lending Names Paul Abbamonto New President

Executive of Countrywide subsidiary has 23 years' experience

PRNewswire.com August 25

UK private equity firm buys Money Storeunit

Cabot Square Capital said it was acquiring the UK business and mortgage portfolio of The Money Store Ltd

CBSNews.com August 25

DCR Takes Rating Actions on Six SubprimeDLJ-Quality RMBS Classes

Loans originated by Quality Mortgage USA, Inc. downgraded

DCRO.com August 23

Lend Lease confirms Amresco talks

Australian company conducting due dilligence on Amresco

PRNewswire.com August 23

Rights Suit Filed Vs. L.I. Lender

New York Attorney General filing civil rights lawsuit against Delta Funding

NYDailyNews.com August 21

An Unsolved Mortgage Mystery

Borrower can't find out who he should pay; ContiMortgage may be owner of note

WashingtonPost.com August 21

Delta Funding Corporation Responds to Attorney General's Lawsuit

AOL.com August 20

ContiFinancial Extends Bank Facilities to March 31, 2000

Lenders convert revolving credit to closed end notes

AOL.com August 20

MSN HomeAdvisor Adds Second Mortgage Loans Analysts

Free pc with mortgages over $125,000

AOL.com August 20

The American dream at $380 a month

Why some Austin, Texas residents are choosing manufactured homes

Austin360.com August 20

Lenders to Weigh Buyout Offers

Long Beach Mortgage shareholders to vote on Washington Mutual buyout

LATimes.com August 19

AmeriCredit Corp. Announces Completion of Public Stock Offering

Texas lender completes 8 million share offering

CBSNews.com August 19

Home Equity Loans Can Fill in Gaps in Student Aid Packages for College Costs

Tax-Deductible Home Equity Loans Offer a Low-Cost Source of Funds

CBSNews.com August 19

Australia's Lend Lease: No Comment On Amresco Deal Rumors

Australian financial services company rumored to be considering takeover

WSJ.com August 19 (subsription required)

Delta settles with regulators over lending tactics

Settlements to regulators and Attorney General total $18 million

AOL.com August 18

First Quarter Revenues Up 72 Percent for H&R Block

Pretax earnings up 54% at Option One, subsidiary

AOL.com August 18

Fitch IBCA Upgrades Residential Funding Corp Series 1995-S10

Action due to low delinquencies and losses

CBSNews.com August 18

Advanta Mortgage Prices $525 Million Mortgage Loan Securitization

Fixed rate portion priced 179 basis points over treasuries

AOL.com August 18

Saxon Asset Securities Trust Series 1999-3 Rated by Fitch IBCA

Weighted average coupon on fixed rate home equity is 10.07%

FitchIBCA.com August 18

ContiFinancial Reports a $237.7 Million Loss for First Fiscal Quarter and Announces a 30% Workforce Reduction

AOL.com August 18

Associates First Capital Corporation Names Executive Vice President of Treasury

Former Chrysler executive has 24 years' experience

HoustonChronicle.com August 18
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