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 "Bank":

"… rnight. They also remain far less regulated than Banks that take deposits. Banks tend to offer only the safest home loans — those that qualify automatic …"

"… ing to a civil complaint filed last year by the Justice Department against Bank of America, which purchased Countrywide in 2008. Kurland and other Countr …"

"… an, she says, from roughly $400 per month to more than $800. By that time, Bank of America had bought Countrywide. Fore asked Bank of America to change th …"

"… han $800. By that time, Bank of America had bought Countrywide. Fore asked Bank of America to change the loan terms until her husband’s workers’ compe …"

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 "Washington":

"… player in the mortgage-backed securities market.6. GMAC Mortgage Inc., Ft. Washington, Pennsylvania — $1 billionGMAC Mortgage Inc. is part of GMAC LLC, which …"

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 "Senate Office of Public Records":

"… g totals calculated by the Center for Public Integrity using data from the Senate Office of Public Records. * Contribution grand total includes employee and soft money contribution …"

The Subprime 25

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

Excerpts from this story referencing "HSBC Holdings plc":

"… unt of Subprime Loans: At least $51.8 billion HSBC Finance Corp./HSBC Holdings plc Amount of Subprime Loans: At least $50.3 billion *** WMC Mortga …"