subprime lenders bankrupt
California is in the State of Foreclosure
Lenders are attempting to help California homeowners after subprime lending practices fail.more...
Subprime Mortgages and the Refinancing Boom
Most subprime borrowers won’t qualify for a second mortgage or a home equity loan. They will have to refinance their first mortgage if they want to cash out some of their equity. Here are a few tips about subprime mortgage refinancing.more...
Safe Super Riches from the Subprime Cesspool
How to profit safely and handsomely from the subprime mortgage mess through smart and timely investment moves.more...
Florida Mortgage: Wake Up Call
It’s official! The entire mortgage industry is re-inventing itself. The pressures of the weak real estate market combined with the recent subprime meltdown have forced lenders to re-think the way they do business. Florida mortgage expert Jim Kemish discusses the potential impact on your life.more...
Comments on subprime lenders bankrupt
FinancemationGuy
Date: 2008-01-11 20:56:21
The Countrywide Financial Corporation fabricated documents related to the bankruptcy case of a Pennsylvania homeowner, court records show, raising new questions about the business practices of the giant mortgage lender at the center of the subprime mess.
1Stunna
Date: 2008-01-11 20:56:21
As of today; the reds are shutdown and/or bankrupt, the blues are no longer operating independently.
hatingvindiesel
Date: 2008-01-11 20:56:21
If subprime lending consisted only of lenders exploiting borrowers, after all, it would be hard to understand why so many lenders are going bankrupt. Focussing on lenders’ greed misses a fundamental part of the subprime dynamic: the over ambition and overconfidence of borrowers. Borrowers were not passive recipients of this money—
Norma C.
Date: 2008-01-11 20:56:21
Subprime mortgages have now been credited for bankrupting well over 110 lenders and seriously damaging operations at many major mortgage firms. They’ve reportedly wiped out 5 hedge funds, tens of thousands of jobs, and have led to millions of foreclosures with millions more on the way. And, as if that weren’t enough, subprime mortgages are also bla
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Several of these companies have since gone bankrupt; the most noticeable is OwnIt Mortgage, the 11th largest lender in the subprime market.
Bloomberg Printer-Friendly Page
New Century, Biggest Subprime Casualty, Goes Bankrupt (Update4) By Bradley Keoun and Steven Church