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Pages in category "Subprime mortgage lenders" The following 22 pages are in this category, out of 22 total. This list may not reflect recent changes. ...
Mortgage lender [2] August 6, 2007: American Home Mortgage: Chapter 11 bankruptcy and liquidation Mortgage lender [3] August 31, 2007: Ameriquest Mortgage: Chapter 11 bankruptcy and liquidation Largest Subprime Mortgage lender September 28, 2007: NetBank: ING Direct: Savings and loan association $ 14,000,000 [4] [5] October 9, 2007: ABN AMRO
A list of companies, governmental and quasi-governmental agencies (government-sponsored enterprises), and/or non-profit organizations involved in the various economic and financial crises of 2007–2008.
Subprime mortgages — also known as non-prime mortgages — are for borrowers with lower credit scores, typically below 600, that prevent them from being approved for conventional loans.
In 2008, David Goldstein and Kevin G. Hall reported that more than 84% of the subprime mortgages came from private lending institutions in 2006, and the share of subprime loans insured by Fannie Mae and Freddie Mac decreased as the bubble got bigger (from a high of insuring 48% to insuring 24% of all subprime loans in 2006). [267]
February 5: Mortgage Lenders Network USA Inc., the country's 15th largest subprime lender with $3.3 billion in loans funded in third quarter 2006, files for Chapter 11. [88] February 8: HSBC warns that bad debt provisions for 2006 would be 20% higher than expected to roughly $10.5bn (£5bn). [130]
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30 Warder St, Springfield, OH · Directions · (937) 629-3575