Subprime lending
Latest Posts
GE’s subprime lender WMC Mortgage files for Chapter 11 bankruptcy HW+
Apr 24, 2019General Electric is moving closer to putting its failed attempt to capitalize on the subprime lending boom into its rearview mirror. Earlier this month, GE agreed to pay a fine of $1.5 billion as part of a settlement with the Department of Justice over the pre-crisis lending activities of the company’s shuttered subprime lending unit, WMC Mortgage. And this week, WMC Mortgage filed for Chapter 11 bankruptcy.
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No-income, no-asset mortgages are back (at one lender, at least) HW+
Apr 16, 2019 -
GE to pay $1.5 billion fine over WMC Mortgage subprime loans HW+
Apr 12, 2019 -
GE claims it reached $1.5 billion settlement with DOJ over WMC subprime loans HW+
Jan 31, 2019 -
Wells Fargo to pay $2 billion for allegedly lying about subprime mortgages HW+
Aug 01, 2018 -
GE books $1.5 billion for potential settlement with DOJ over WMC subprime loans HW+
May 07, 2018 -
Carrington in the Winner’s Circle: Why we launched a nonprime mortgage product HW+
Apr 24, 2018 -
Carrington Mortgage Services launches subprime lending program HW+
Apr 03, 2018 -
S&P: We expect non-QM market to double, or even triple, in size in 2018 HW+
Dec 04, 2017 -
Former Deutsche Bank head subprime mortgage bond trader fires back at U.S. fraud charges HW+
Sep 12, 2017 -
Shocker: U.S. sues former Deutsche Bank head subprime mortgage bond trader for crisis-era fraud HW+
Sep 11, 2017 -
Flashback? New AAA mortgage bond features pre-crisis subprime, Alt-A mortgages HW+
Mar 28, 2016
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