Subprime Archives December 2001

Subprime Archives December 2001

The Home Equity Highway: Busy and Hazardous
A look at home equity lending for the consumer
NewYorkTimes.com December 23

Bank of America Launches Record RMBS
Home equity transaction includes EquiCredit originations since August ’99
MortgageDaily.com December 19

Should All Borrowers Pay More For No Doc Loans?
NIV programs avoid income documentation, but cost 0.375% more
RealtyTimes.com December 19

HOMES, Homes, homes
Last week’s subprime mortgage ratings actions
MortgageDaily.com December 18

D.C. Groups Warn Council To Keep Loan Protections
Local groups, lenders lobbying for opposing causes
WashingtonPost.com December 15

Rules expanded to fight abusive mortgage lending practices
Threshold for HOEPA lowered to Treasuries plus 8% from Treasuries plus 10%
ChicagoTribune.com December 13

Predatory Lending Surprisingly Common In California
36% of subprime loans surveyed contained at least two predatory terms
RealtyTimes.com December 13

Manufactured Home Ratings Reflect Weak Market
Last week’s subprime mortgage ratings actions
MortgageDaily.com December 11

Failed Bank’s Owners Agree to Pay $460 Million
Settlement by Pritzkers and Partner Sets Record for a Single Collapse
WashingtonPost.com December 11

Fairbanks To Purchase BoA Subprime Operations
Salt Lake City lender to service portfolio
MortgageDaily.com December 7

How big lenders sell a pricier refinancing to poor homeowners
Countrywide, Citigroup among lenders to refi 0% loans into high-rate mortgages
SFGate.com December 7

Diving Into The Delta
Last week’s subprime mortgage ratings actions
MortgageDaily.com December 4

The spin on reverse mortgages
Three programs include Home Equity Conversion Mortgage, Home Keeper mortgage and Financial Freedom Cash Account
WashingtonPost.com December 4

Web sites address home loan issues
DontBorrowTrouble.com, KnowledgePlex.org are Freddie & Fannie sites designed to help borrowers avoid predatory lending
ChicagoTribune.com December 2

Fed Looking at High-Cost Mortgages
Fed Board to take up proposals next Friday to tighten rules aimed at high-cost mortgage loans
WashingtonPost.com December 1