PinnFund Fugitive Surrenders

With Lending Law Suspended, D.C. Officials Weigh Next Step
City considering North Carolina’s simpler predatory law
WashingtonPost.com November 28

Only Option
Last week’s subprime mortgage ratings actions
MortgageDaily.com November 26

Trailer Owners and Conseco Are Haunted by Risky Loans
Onetime corporate raider Carl C. Icahn has sold Conseco’s stock short, betting that it will fall because losses on the trailer loans and problems at insurance business will bankrupt the company by the middle of next year
CBSMarketWatch.com November 25

California Vs Household
Department of Corporations suing Household for $8.5 million
MortgageDaily.com November 21

Freddie Mac Easing Rules For So-So Credit
Current Loan Prospector system “accepts” about 75% loans evaluated; under planned revisions, figure would increase to 80%
Washington Post.com November 17

Minorities targeted for high-interest mortgages, report says
ACORN study says subprime lenders accounted for 25% of all conventional refis last year
SFGate.com November 14

The Indy(mac) 2001
Last week’s subprime ratings actions
MortgageDaily.com November 13

“Alt A” Guidelines Tightening
Lenders bracing for weakening economy
MortgageDaily.com November 12

Be cautious when using your home equity life line
Some financial experts advise that homeowners make a preemptive strike and open a home equity line-of-credit line before losing job
ChicagoTribune.com November 11

Can ‘A’ Loans Be Predatory?
A look at potential abuses in prime lending
MortgageDaily.com November 9

D.C. Anti-Predatory Lending Law Suspended
Council approves 4 month moratorium
MortgageDaily.com November 7

Take Me Home Country(wide) Roads
Last week’s subprime mortgage ratings actions
MortgageDaily.com November 6

Lender Exits Prompt D.C. Lawmaker To Seek Suspension Of Anti-Predatory Law
Chase, Household among companies to exit
MortgageDaily.com November 5

What The HEL(OC)
Last week’s mortgage ratings actions
MortgageDaily.com October 31

Relief on Way from Predatory Lenders
Fannie Mae To Refinance Predatory Victims At Market Rates
TheBankingChannel.com October 31

Illinois Rep’s Bill Would Expand Sect 32 To Purchases
Congressman calls for Treasuries plus 5% as trigger
MortgageDaily.com October 26

Super-Jumbo Loans Face Hard Times
Performance of high-LTV home-equity loans strained by current economy
MortgageDaily.com October 24

ACORN Blasts Household’s Education Plan
Consumer group calls efforts “like the sharks educating the fish on how to avoid being eaten!”
MortgageDaily.com October 23

Continental Shelf
Last week’s subprime mortgage industry ratings actions
MortgageDaily.com October 22

Your home is your piggy bank — use caution when raiding it
Home equity represents the largest portion of most Americans’ worth, far eclipsing other investments
SeattleTimes.com October 21

Hearing Set for Capital City Mortgage
Court Date Nears in Case Accusing Firm of Predatory Lending Practices
WashingtonPost.com October 15

Give Me Liberty Or Ratings
Last week’s subprime mortgage ratings actions
MortgageDaily.com October 8

Saxon Goes Public
Public offering to liquidate current shares
MortgageDaily.com October 8

Minorities See Most Of Subprime Growth
Acorn publishes report from HMDA data
MortgageDaily.com October 8

A new source, temptation: Home equity credit cards
CThirty-six percent of mortgage lenders offered home equity credit cards in 2000, up from 26 percent in 1999
ChicagoTribune.com October 7

Telling Tales
Florida mortgage firm accussed of fraud, sexual harrassment
MortgageDaily.com October 3

Trouble In Texas
Allied Mortgage defends use of name; Money Mortgage faces cash crunch
MortgageDaily.com October 3

New Rules Pushing Lenders To Curtail Business in D.C.
Option One, First Nationwide pulling out of capital; other lenders to suspend operations pending further discussions with D.C. banking officials
WashingtonPost.com October 3

Master Of Destinies
This week’s subprime mortgage ratings actions
MortgageDaily.com October 1

More Subprime Thrifts Expected to Fail
According to the outgoing head of the Office of Thrift Supervision, others may soon fall
RealtyTimes.com September 10

Meritage To Buy 15 Equicredit Branches
Bank of America exiting subprime
MortgageDaily.com August 15

PinnFund Fugitive Surrenders
Michael Fanghella surrenders to U.S. Marshals in San Diego
MortgageDaily.com August 2