Operating earnings Centex Home Equity were $4.5 million for the quarter ended December 31, 1999 vs $440,000 for prior year same period

Capital requirements would be doubled for banks with subprime portfolios

Direct originations up 19.7%; broker originations up 23.7%

Illinois legislation would cap subprime fees at 3%

103% LTV to finance closing costs

Bankrupt company selling servicing operation to Bear Stearns' subsidiary

BankRate.com touts Countrywide's lower subprime rates through Full Spectrum

However, negative Outlook reflects Fitch IBCA's increasing concern about AFCC's capitalization

WAC (current rate) is 9.732% and most loans less than 80% ltv

Keith Hughes said AFS expect to keep a high priority on acquisitions in the future

Centex Home Equity securitizes subprime equity mortgage loans

Five of its 29 retail branches being closed to focus more on E-Commerce strategy

Florida company's acquisition of Indiana originator will give it nationwide access to direct originations

Unlike most specialty lenders in 1998, IndyMac increased liquidity and reduced leverage

GMAC-RFC ranks number one in private-label MBS, HEL and subprime issuance

Complaint alleges that ContiFinancial & certain of its officers and directors issued a series of materially false and misleading statements regarding the Company's financial condition and the level of prepayments the Company was experiencing