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- Restatements, practices prompt subprime probes.(News)(New Century Financial Corp.'s investigation)(Brief article)
- Byline: Louise Esola Some subprime lenders are facing investigations from state or federal authorities. A spokeswoman for Irvine, Calif.-based New Century Financial, one of the nation's largest subprime lenders, confirmed that the company is be Byline: Louise Esola ...
- Research articles 2007-03-19
- FBI Eyeing National Finance Corp.(Government Activity)(Brief Article)
- ALBANY, NY -- The Federal Bureau of Investigation's office here is investigating subprime lender National Finance Corp., Clifton Park, N.Y. FBI special agent John Sennett said he could not comment on the nature of the investigation other than to say ALBANY, NY -- The Federal...
- Research articles 2000-01-17
- Subprime Lending in the Primary and Secondary Markets
- http://www.fanniemaefoundation.org/programs/jhr/pdf/jhr_1301_cross.pdf This article provides an exploratory analysis of the role of subprime lending through an examination of the spatial distribution of Federal Housing Administration FHA eligible home purchase loans in the primary and secondary mortgage markets. Loan originations are aggregated to the metropolitan statistical area level to examine the proportion of...
- White papers 2003-01-01
Additional Resources
- Subprime lender leasing new space for direct-sales unit.(News)
- Byline: STAN BULLARD To gain cubicle room, subprime lender NovaStar Financial Inc. plans to move 115 employees in a fast-growing unit from its Independence office to a new one in Richfield. NovaStar leased enough space to house 160 employees in ...
- Research articles 2005-01-10
- Bankrupt, Oregon-Based Subprime Lender to Sell Mortgage Portfolio.
- Knight Ridder/Tribune Business News May 12 -- Southern Pacific Funding Corp., a bankrupt Lake Oswego-based, subprime lender, heads into the final round of bidding for its remaining mortgage loan portfolio. A "backstop" bid by Goldman Sachs Group Inc., estimated at $70...
- Research articles 1999-05-14
- Subprime's Lure Fatal for Wachovia, National City
- The pattern is too familiar. Two profitable, respected banks with limited exposure to mortgages get greedy and try to cash in on the subprime craze. Both end up ready to go out of existence. That's the case with National City Bank of Cleveland and Wachovia of Charlotte,...
- Blog posts 2008-10-27
- First NLC Financial Services Named 23rd Largest Subprime Mortgage Lender
- First NLC Financial Services, one of the nation's leading subprime mortgage lenders, today announced that during the first quarter of 2002, it moved up the ranks to become the nation's 23rd largest subprime lender.The ranking is based on a study by National Mortgage News/American Banker and published in the Quarterly...
- Research articles 1970-01-01
- Irvine, Calif., Subprime Lender Agrees to Pay $95 Million in Fraud Case.
- The Orange County Register, Calif. Knight Ridder/Tribune Business News Mar. 5--First Alliance, the home-equity lender that was driven into bankruptcy two years ago, will pay $95 million -- including $20 million from founder Brian Chisick's pockets -- to settle allegations it defrauded its...
- Research articles 2002-03-05
- It's the Subprime Fiasco All Over Again
- Jim Van Meerten submits: I really thought we had all paid our dues on this subprime mortgage fiasco by the big hit we all took in our investments in banks, securities firms, CMOs and mortgaged back bonds. Just when I thought it was all over I read an article...
- External links 2009-11-08
- Ford will sell subprime lender.(News)(acquisition of Triad Financial Corp. by GTCR Golder, Rauner L.L.C., The Goldman Sachs Group Inc. and Gerald J. Ford)(Brief Article)
- Byline: Amy Wilson Ford Motor Co. is selling its subprime lending unit, Triad Financial Corp., to a group of investors. Ford decided to sell the unit last fall and struck a preliminary deal in December. The pending sale was disclosed in the...
- Research articles 2005-03-21
- The Dummy's Guide to the U.S. Financial Crisis
- Edward Harrison submits: Whenever I wade into a new topic like digital photography, gardening or what have you, I visit the local bookstore and get a "For Dummies" book to guide me. I figure that it's the best way to get up-to-speed quickly without actually looking like a dummy. So,...
- External links 2008-09-25
- SEC Charges Ex-N.Century Execs in Subprime Case
- WASHINGTON (Reuters) - Three former executives at now-bankrupt lender New Century Financial Corp were charged with fraud by U.S. securities regulators on Monday, the latest government effort to pursue wrongdoing in the subprime mortgage market.The U.S. Securities and Exchange Commission accused the three executives of trying to disguise New Century's...
- News items 2009-12-16
- BANK OF CHINA 07 PROFIT PREDICTED TO HURT BY SUBPRIME CRISIS
- AsiaInfo Services 03-26-2008 Bank of China 07 Profit Predicted to Hurt by Subprime Crisis SHANGHAI, Mar 26, 2008 SinoCast via COMTEX -- Bank of China Ltd. (SHSE: 601988 and SEHK: 3988) is scheduled to release its financial report for 2007 on March 25, 2008,...
- Research articles 2008-03-26
- Wall Street's leading bull ready to charge ahead; Subprime buy weighs heavy on Merrill shares, but outlook is bright.(In the Markets)
- Byline: Aaron Elstein When business historians assess Stan O'Neal's tenure as Merrill Lynch & Co.'s chief executive, his $1.3 billion acquisition of subprime mortgage lender First Franklin in January is unlikely to rank as one of his best move Byline: Aaron Elstein ...
- Research articles 2007-03-19
- Bank of America/CountryWide Claims Its Ads Were Mostly Lies
- CountryWide, the subprime mortgage lender acquired by Bank of America, has repeatedly said in ads and in Congressional testimony that it wanted to work with homeowners whose payments had gotten beyond them. But a lawsuit in New Hampshire claims those promises are false and that anyone trying to reorganize payments...
- Blog posts 2009-01-20
- Will subprime mortgages torpedo the economy?
- ECONOMIC REVIEW Subprime, subprime, subprime. That is all we seem to hear these days . bounces violentThe stock market Iy every time a mortgage lender or hedge fund gets hit by subprime-mortgage problems. The Federal Reserve Board is forced to express awareness that credit standards have been tightened...
- Research articles 2007-08-24
- FTC charges Stewart Finance with violations
- Subprime lender Stewart Finance Co., its owner John Ben Stewart, Jr. and nine related companies, have been charged by the Federal Trade Commission FTC with violating federal lending laws. The FTC has asked a U.S. District Court for the Northern DistrictSubprime lender Stewart Finance Co., its owner John Ben Stewart,...
- Research articles 2003-10-01
- China Construction Bank holds 1.06 bln dlrs in subprime securities
- HONG KONG AFP — China Construction Bank, the country's third largest lender, said Monday it held 1.06 billion dollar of securities backed by US subprime mortgages but added it will have limited impact on the group. The lender said it has set aside 139 million yuan (18.3 million US)...
- Research articles 2007-08-27
- Subprime-hit German lender faces shareholder wrath
- DUESSELDORF, Germany, March 27, 2008 AFP — Directors of distressed German business lender IKB faced furious shareholders Thursday who voiced anger over the management of one of the country's biggest US subprime market victims. More than 1,000 small shareholders attended a general assembly of the bank, a former safe...
- Research articles 2008-03-27
- 'Subprime' Loan Risks Bring Rewards to Norwest.(Originated from Saint Paul Pioneer Press, Minn.)
- Jun. 27--Subprime auto lenders -- firms that lend money at high rates to borrowers with poor credit histories -- have taken their lumps this year. But that didn't stop Norwest Corp. this week from snapping up Fidelity Acceptance Corp., a major subprime auto lender. ...
- Research articles 1997-06-27
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