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Who were the largest originators of sub-prime mortgages?

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Wiki User
2011-11-24 16:35:40
2011-11-24 16:35:40

The following lenders are generally considered to be the lenders that originated the greatest number of sub-prime mortgages in their order of priority:

  1. HSBC Mortgage
  2. New Century Financial Corp.
  3. Countrywide Financial Corp.
  4. Citigroup
  5. WMC Mortgage Corp. (GE)
  6. Fremont General Corp.
  7. First Franklin Financial Corp.
  8. Ameriquest Mortgage
  9. Option one
  10. Wells Fargo


The following lenders are generally considered to be the lenders that originated the greatest number of sub-prime mortgages in their order of priority:
  1. HSBC Mortgage
  2. New Century Financial Corp.
  3. Countrywide Financial Corp.
  4. Citigroup
  5. WMC Mortgage Corp. (GE)
  6. Fremont General Corp.
  7. First Franklin Financial Corp.
  8. Ameriquest Mortgage
  9. Option one
  10. Wells Fargo


The following lenders are generally considered to be the lenders that originated the greatest number of sub-prime mortgages in their order of priority:
  1. HSBC Mortgage
  2. New Century Financial Corp.
  3. Countrywide Financial Corp.
  4. Citigroup
  5. WMC Mortgage Corp. (GE)
  6. Fremont General Corp.
  7. First Franklin Financial Corp.
  8. Ameriquest Mortgage
  9. Option one
  10. Wells Fargo


The following lenders are generally considered to be the lenders that originated the greatest number of sub-prime mortgages in their order of priority:
  1. HSBC Mortgage
  2. New Century Financial Corp.
  3. Countrywide Financial Corp.
  4. Citigroup
  5. WMC Mortgage Corp. (GE)
  6. Fremont General Corp.
  7. First Franklin Financial Corp.
  8. Ameriquest Mortgage
  9. Option one
  10. Wells Fargo
1
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User Avatar
Wiki User
2011-11-24 16:35:40
2011-11-24 16:35:40

The following lenders are generally considered to be the lenders that originated the greatest number of sub-prime mortgages in their order of priority:

  1. HSBC Mortgage
  2. New Century Financial Corp.
  3. Countrywide Financial Corp.
  4. Citigroup
  5. WMC Mortgage Corp. (GE)
  6. Fremont General Corp.
  7. First Franklin Financial Corp.
  8. Ameriquest Mortgage
  9. Option one
  10. Wells Fargo
1
๐Ÿ™
0
๐Ÿคจ
0
๐Ÿ˜ฎ
0
๐Ÿ˜‚
0

Related Questions

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A general tutorial on subprime mortgages can be found at Investopedia. For information about subprime mortgage lenders: MyFHA, Consumer Affairs and MTGProfessor all have information on current lenders, rates and terms.

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Subprime mortgages are for those with a poor credit history, often 600 or below. The most common type includes the ARM, or Adjustable Rate Mortgage. The interest rate starts at low, but increases later on, which makes payments higher, often catching owners off guard.

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The numbers have not been quantified yet. But I believe it would be less than 10% of the US loans.

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Michelle A. Danis has written: 'The delinquency of subprime mortgages' -- subject(s): Default (Finance), Foreclosure

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Subprime mortgages are loans intended for borrowers who are perceived to have high credit risk. Although these mortgages emerged on the financial landscape more than two decades ago, they did not begin to expand significantly until the mid-1990s. The expansion was fueled by innovations--including the development of credit scoring--that made it easier for lenders to assess and price risks.

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Subprime mortgages are loans intended for borrowers who are perceived to have high credit risk. Although these mortgages emerged on the financial landscape more than two decades ago, they did not begin to expand significantly until the mid-1990s. The expansion was fueled by innovations, including the development of credit scoring that made it easier for lenders to assess and price risks. The crisis are when the defaulters increase in number as a result these kind of mortgages becomes less in number by the banks.

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Subprime mortgages are for people with lower or worse credit ratings, its more of a second chance than anything. You would apply for one if you have bad credit and need a home loan, it does have higher interest rates though.

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Loose lending standards for mortgages (subprime loans) is at the top of the list. See: http://en.wikipedia.org/wiki/Proposed_bailout_of_U.S._financial_system_(2008) or google: subprime loans and bailout deal. If you want to go real deep, try Wikipedia under CDO Debt.

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It's all these subprime mortgages and bad mortgages. They are practically worthless cause people cant pay them back. The banks lended money to people who couldn't pay them back. Now these crappy mortgages are all packaged up and Wall St. sold them to different places, and this was done behind closed doors.

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A subprime mortgage is a type of loan granted to individuals with poor credit scoresโ€”640 or less, and often below 600โ€”who, as a result of their deficient credit histories, would not be able to qualify for conventional mortgages. Adjustable-rate mortgage (ARM) is the most common type of subprime mortgage in the United States, which charges a fixed interest rate for an initial period thereafter.

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are they doing subprime loans anymore

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A subprime mortgage lead is a person who wishes to take out a mortgage but is prevented from going through normal avenues due to a bad credit history. Media One Solutions, Reven Media Leads, and Broker Match are all companies which will provide leads on people who may be suitable for subprime mortgages based on the fact that they are late on their current mortgage, have recently experienced bankruptcy, or other characteristics.

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Subprime mortgagesNintendo Virtual BoyThe SuckCut / FlowbeeHair in a Can spray on bald spot cover upBeta video tapesLaser discs

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Subprime - 2010 was released on: USA: 17 September 2010

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CapitalOne is better known for their credit card products. They also are a large lender to people with subprime credit.

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You cannot sell mortgages. Mortgages are owned by the bank that loaned the money.You cannot sell mortgages. Mortgages are owned by the bank that loaned the money.You cannot sell mortgages. Mortgages are owned by the bank that loaned the money.You cannot sell mortgages. Mortgages are owned by the bank that loaned the money.

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Subprime loans are offered to individuals with a credit score below 620. Such prestigious financial organizations as Chase Manhattan, BankOne, and Wells Fargo have begun offering subprime loans.

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One of the ongoing economic crisis is subprime Mortgage.There are many defaulters and foreclosures that occur in subprime mortgage arena.As a result of this the defaulters lose their credit ratings where as banks bear the losses to some extent, this directly effects the economy of a country, and hence government gets effected.So to aid the smooth functioning and proper repayment of debt, the firms that have expertise in debt repayments have emerged.It is essential to choose a trustworthy Debt repayment Company who would assist you and also provide indepth knowledge about the Mortgages and Mortgage Plans.

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Some common type of mortgage from the UK * Graduate mortgages * Professional mortgages * Guarantor mortgages * Joint mortgages with your parents * High loan-to-value mortgages * Mortgages for friends buying together * 100 per cent loan-to value (LTV) mortgages * Mortgages over 100 per cent loan to value (LTV) * Offset mortgages with your parents * Shared ownership and equity mortgages

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You will get the information about subprime bank loan from http://www.hitxp.com/world/09102008.htm website

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Subprime loan rates usually are between 9% to 24% all depending on the variables presented. Subprime lending is usually granted to those who have less than perfect credit score.

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There is a lot of information available on subprime auto leads. The best places to look for subprime auto leads would be to visit used car websites like eBay or Auto Trader.

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Subprime auto loans are loans taken out by individuals with poor credit records to purchase automobiles. Information concerning subprime auto loans can be found on finance specialist websites such as Edmunds.


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