Subprime lending execs back in business five years after crash

By Daniel Wagner

Executives from all of the top 25 subprime lending firms are working in the mortgage business five years later.

Excerpts from this story referencing "American Home Mortgage":

"… erling Partners. The firm is run by a former executive of IndyMac and American Home Mortgage and chaired by a former CEO of the government-sponsored mortgage finance g …"

"… ndent lending head, Lisa Schreiber, had run the wholesale division of American Home Mortgage, another of the top 25 subprime lenders from 2009. Dubrish, a former …"

"… ndyMac was originally formed as a REIT to invest in Countrywide’s loans. American Home Mortgage was a giant REIT with taxable subsidiaries to carry out its lending. Thos …"

You broke it? You fix it.

By John Dunbar

Firms that fed off the subprime lending frenzy that devastated the banking system are lining up to collect more than $21 billion in taxpayer

Excerpts from this story referencing "bank":

"… hey own. …"

"… r was placed under federal supervision before voluntarily surrendering its bank charter;A subprime subsidiary of top-bailout recipient American Internatio …"

"… l Lynch & Co. and one former subsidiary of Lehman Brothers, investment banks that helped underwrite the subprime boom, and;A subsidiary of the now-sol …"

"… them to participate.The plan is different from the government’s primary bank bailout scheme, in which taxpayers bought stock in troubled financial firm …"

No. 6 of The Subprime 25: Option One Mortgage Corp./H&R Block Inc.

Total high-interest loans 2005-2007: At least $64.7 billion

Excerpts from this story referencing "American Home Mortgage":

"… s third fiscal quarter, which ended January 31, 2008. On April 30, 2008, American Home Mortgage Servicing Inc., an affiliate of private equity company Wilbur Ross & C …"

The Subprime 25

A full text list of the top 25 lending companies responsible for subprime loans

Excerpts from this story referencing "Ameriquest Mortgage":

"… inancial Corp. Amount of Subprime Loans: At least $97.2 billion Ameriquest Mortgage Co./ACC Capital Holdings Corp. Amount of Subprime Loans: At least $8 …"