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Loan rescues Accredited Home Lenders - MSNBC
Tue, 20 Mar 2007 20:11:48 GMT
 CNNMoney.com | Loan rescues Accredited Home Lenders MSNBC - Farallon Capital Management has come to the aid of embattled subprime mortgage lender Accredited Home Lenders, lending them $200m over five years to avoid a ... Subprime loans not "easy money" US Subprime Lender Accredited Perks Up In Early Trade On Receiving ... Hedge Fund Lends Accredited a Costly Hand |
Fed expected to strike reassuring tone despite risky mortgage worries - San Diego Union Tribune
Tue, 20 Mar 2007 19:22:11 GMT
| Fed expected to strike reassuring tone despite risky mortgage worries San Diego Union Tribune, CA - Fed policymakers opened a two-day meeting Tuesday amid mounting concern on Wall Street, Capitol Hill and elsewhere about troubles in the “subprime” mortgage ... |
Mortgage lender People's Choice files bankruptcy
20 Mar 07 17:48:00 UTC
CNN Money - NEW YORK (Reuters) -- People's Choice Home Loan Inc., a California-based mortgage lender to people with poor credit histories, filed for Chapter 11 bankruptcy protection from creditors Tuesday, according to court papers. The Irvine, California-based ...
Fannie Mae severing mortgage-selling deal with troubled lender
20 Mar 07 19:14:00 UTC
San Diego Union-Tribune - LOS ANGELES – Fannie Mae will no longer allow New Century Financial Corp. to sell mortgage loans to the U.S. government-sponsored company, alleging the troubled lender has breached the terms of its contracts, New Century said Tuesday. Fannie Mae ...
Fannie Mae terminates mortgage relationship with New Century (bizjournals.com via Yahoo! Finance)
Tue, 20 Mar 2007 20:08:51 GMT
New Century Financial Corp.'s New Century Mortgage Corp. and its subsidiaries can no longer sell mortgage loans directly to the Federal National Mortgage Association, or Fannie Mae, or serve as the primary servicer of Fannie Mae mortgage loans, the company said in a Tuesday Securities and Exchange Commission filing.
Wells Fargo cutting 500 jobs in subprime mortgage division (Minneapolis-St. Paul Star Tribune)
Tue, 20 Mar 2007 19:39:21 GMT
SAN FRANCISCO Wells Fargo & Co. is eliminating more than 500 jobs in a division that makes home loans to high-risk borrowers, adding to the economic distress caused by the decaying subprime mortgage market. Most of the cutbacks, concentrated in South Carolina, Arizona and California, stem from Wells Fargo's recent decision to make it more difficult for borrowers with blemished credit records to ...
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