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Subprime Mortgage News Archives June 2000

Mortgage Daily

Published On: June 12, 2000
 

 

Subprime Stories
Subprime Technology

 

 
Issue Number 15, June 12, 2000
 

Bank fair offers much lending info
Lenders not known for high fees invited by Michigan housing agency

Freep.com June 11
 
Chicago Mayor to Introduce Predatory Lending Resolution
Chicago?s Anti-Predatory Lending Resolution

MBAA.org June 9
 
Aames Fincl Gets $34.7M Of Planned $50M Investment
9 month loss for period ended March 31 was $108.4 million

AOL.com June 8
 
Agreements On Subprime Lending
Advanta reached agreements with bank regulatory agencies on subprime lending operations

MBAA.org June 7
 
Ratings on 43 High CLTV Transactions Affirmed
Transactions generally consisted of debt consolidation and home improvement mortgages >100% ltv

Marketwatch.com June 7
 
Large home equity deal highlights US asset-backeds
Countrywide Credit Industries Inc. priced a $1.3 billion home equity loan-backed offering on Friday

CBSMarketwatch.com May 12
 
ContiFinancial Corporation To Sell its Servicing Platform and Rights to Fairbanks Capital Corp.CBSMarketwatch.com May 12
 
HUD, TREASURY & SENATOR SCHUMER HOLD THIRD OF FIVE FORUMS NATIONWIDE TO ADDRESS PREDATORY LENDING
Subprime mortgage origination’s were $35 billion in 1994, and $160 billion in 1999

HUD.gov May 12
 
BNC Mortgage, Inc. Reports Greenlight Withdraws Proposal to Purchase BNC Mortgage, Inc.CBSMarketwatch.com May 12
 
Fitch IBCA Issues New Finance Company Capital Standards
Increased leveraging of many of the finance companies’ balance sheets has become increasingly apparent

FitchIBCA.com May 8
 
Money-Eating Mortgage Monsters Can Devour Your Equity
Home equity loan requires no payments, but has quite a balloon

WashingtonPost.com May 6
 
DCR Lowers Conseco-Related Ratings
Disposition of finance company will help determine future ratings

DCRO.com May 4
 
Delta Financial Corporation Reports First Quarter Results
Net income substantially less than 1st quarter 1999

AOL.com May 4
 
First Tool for Renovation: A Smart Loan
Average variable interest rate for a home improvement loan is 9.6 percent

WashingtonPost.com April 30
 
HUD AND TREASURY HOLD FIRST OF FIVE REGIONAL FORUMS NATIONWIDE TO ADDRESS PREDATORY LENDING
Analysis of Subprime Lending in Atlanta

HUD.gov April 26
 
Conseco Fin & GreenTree Fin Ltd Guar Tranches Dwngr To ‘BBB’
FitchIBCA.com April 20
 
Single Premium Credit Insurance
Press release from Consumer Credit Insurance Association in favor of controversial insurance used in subprime mortgage lending

CBSNews.com March 28
 
H&R Block Announces Mortgage Financing Commitments for Option One And Authorization of 12 Million Share Repurchase Program
No suitable offers were made to purchase Option One; company may use whole-loan sales for up to 100% of 2000 production

CBSNews.com March 27
 
Washington Mutual Offers Home Equity-Linked VISA Card
AOL.com March 27
 
Troubled Mortgage Lender Seeks Bankruptcy Protection
First Alliance filed Chapter 11 to protect shareholders from mounting lawsuits

AltaVista.com March 24
 

 
 

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