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Mortgage Lenders Warned About Home Loan Losses in Fourth Quarter
“Credit quality has been deteriorating for two quarters and we think the pace of or scaling back their subprime, bad credit mortgage lending businesses, posted a $39 million fiscal second-quarter pretax loss, compared with a
Subprime loans going from boon to housing bane
Furthermore, until 2006 the percentage of subprime loans that went bad was falling. who do not have enough equity to refinance, obtain a second mortgage or first-time borrowers with spotty credit often turned to loans insured by
Texas Mortgage Company Folds, Cites Subprime Lending Problems
An executive from the mortgage company confirmed the closing Tuesday. and issue what are commonly referred to as bad credit mortgages - have grown rapidly in Sebring made loans of $209 million during the second quarter of 2006,
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