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New Century Takes Total Loss On LoanTrader Investment

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


Explore reverse mortgage choices before acting
Compare FHA, Fannie Mae and Financial Freedom Plan reverse mortgage plans to select the best alternative
SFGate.com September 30


Abandoning the field
Are laws banning ‘predatory’ lending spooking subprime lenders?
Inman.com September 27


Mobile Homes Increasingly Popular In Canada
Mobile Homes found in every province and territory in Canada, with British Columbia and Alberta accounting for half of these homes
MortgageDaily.com September 26


A ban on bamboozling
California’s ‘predatory’ lending legislation awaits governor’s signature
Inman.com September 25


Sub-prime lenders breaking the mold
Non-conforming lenders offer a needed option
Inman.com September 12


Delinquent Or Not?
TheStreet.com reports that Conseco is hiding bad loans
MortgageDaily.com September 11


Failed Bank Received Top Rating
OTS gave top rating to Superior Bank through much of the 1990s, despite high concentration of risky investments & concerns of other agency regulators
WashingtonPost.com September 11


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


Homeowners Should Think Carefully Before Taking Home Equity Loans
Homeowners should consider how they will use the money, the fine print, how much they will borrow, how they’ll pay it off, the possibility of higher interest rates and potential home value depreciation
cnnfn.com September 9


CitiGroup Settles With North Carolina For $20 Million
Associates-related settlement one of largest paid
MortgageDaily.com September 7


Triple ‘A’ Or Less
This week’s subprime mortgage ratings actions
MortgageDaily.com September 4



Popular Subprime Archive Stories


Number Of Suspended Citigroup Brokers Rises
More than half of correspondents also suspended
MortgageDaily.com August 31


A Practice That Lends Itself to Trouble
Superior’s Failure Spotlights Banks That Court High-Risk Borrowers
WashingtonPost.com August 21


Wamu Primed For More Subprime
Wamu originated $2 billion of these loans in the first quarter, or 5.9% of the loans made
TheBankingChannel.com August 20


Reverse mortgage can help cash-poor, house-rich seniors
The basic requirements for a reverse mortgage are to be at least 62 years old and the occupant of your own home
SFGate.com August 19


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


Former PinnFund CEO Planned To Escape To Caribbean On
$1 million Yacht
Estranged wife obtained injunction preventing yacht from sailing
MortgageDaily.com May 14


PinnFund founder indicted on federal charges
Michael J. Fanghella is charged in a 20-count indictment with illegally transferring firm money overseas and deceiving HUD
SFGate.com August 16


Despite Bad Credit, There Are Ways to Take Over a Mortgage
Federal law permits transfers — even with due-on-sale clauses — in the cases of a transfer to spouse or children, transfer to relative in case of death, & divorce
WashingtonPost.com July 28


New Century Takes Total Loss On LoanTrader Investment
$1.1 million charge taken in first quarter
MortgageDaily.com April 26

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