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.


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Subprime Stories
Subprime Technology
Issue Number 115, 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

CyberLoan.com's Online Loan Processing Exchange to Transform Manufactured Housing Industry

CyberLoan.com Expects to be First Profitable e-finance Company

BusinessWire.com June 6

Full Spectrum Lending Joins the LendingTree Marketplace

LendingTree's Newest Marketplace Addition Offers Specialized Mortgage Loans

BusinessWire.com May 9

Factual Data Corp. (www.factualdata.com) Introduces HELP to Home Equity Lenders

New service provides appraisal, credit at a lower price

CBSMarketwatch.com May 8

Whip out your home-equity credit card and say: Charge it

Visa's with $500,000 credit limits

UnionTribune.com May 7