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 "Congress":

"… lion. He was still running First Franklin for Merrill in 2007 when he told Congress that the company had “a proven history as a responsible lender” employ …"

"… , abusive collection practices and document fraud. A commission charged by Congress to look at the roots of the crisis said lenders “made loans that they kn …"

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 "American Home Mortgage":

"… ime list. Total funds potentially going to Wells are about $3.1 billion.4. American Home Mortgage Servicing Inc., Coppell, Texas — $1.3 billionAmerican was formerly a uni …"

"… icing Inc., Coppell, Texas — $1.3 billionAmerican was formerly a unit of American Home Mortgage Investment Corp., No. 22 on the Center’s subprime list, before the compa …"

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 "American Home Mortgage":

"… r Financial Inc. Amount of Subprime Loans: At least $16 billion American Home Mortgage Investment Corp. Amount of Subprime Loans: At least $15.3 billion …"