Delta Financial slumps after mortgage lender postpones results
remaining competitive landscape -- especially in the wholesale channel -- will allow us to capitalize ... signs of big trouble in the subprime mortgage market emerged. However, the shares rallied strongly ...
Impac Mortgage Holdings, Inc Provides Response to Recent Analyst Reports
R. Tomkinson, Chairman and CEO of Impac Mortgage Holdings, Inc. , or the "Company," a ... as Alt-A loans, we will, through our wholesale and retail platforms, continue to fund loans ... Pinnacle Financial Corporation, became a nationwide retail lender with expertise in conforming agency loan programs. ...
Credit pinch stings region's home buyers, housing market
market The credit crunch in the national mortgage market is hitting the Pittsburgh region. It's ... Home Mortgage Investment, the nation's 10th-largest home lender, filed for bankruptcy. At least two other ... funding obligations. National City Home Equity, the wholesale home equity unit of Cleveland-based National City ...
American Home collapses
American Home Mortgage Investment Corp. filed for bankruptcy protection on ... N.Y., and once the nation's 10th-largest mortgage lender, said it fell victim to ''extraordinary disruptions'' ... loans and lines of credit in its wholesale home equity unit. ''We are in a ...
American Home Mortgage files for bankruptcy protection
American Home Mortgage files for bankruptcy protection Article Last Updated: ... loans and lines of credit in its wholesale home equity unit. "We are in a ... loans already on the books. A bankrupt lender simply means financial institutions will likely buy ...
Luminent slumps 85% after being hit by margin calls
Swiss bank oust its chief executive. German lender IKB Deutsche Industriebank AG had to be ... 40% in July. Wells Fargo Shuts its wholesale subprime mortgage business. HSBC Announced big subprime mortgage losses ...
NovaStar Shares Rally on Resumption of Originations
Aug 7th, 2007with stocks: Shares of subprime mortgage lender NovaStar Financial gained nearly 6% to close ... $6.78 Monday after the company announced its wholesale unit will resume mortgage originations, which had ...
Lender files Chapter 11
AM PDT <span YORK — American Home Mortgage Investment Corp. filed for bankruptcy protection on ... loans and lines of credit in its wholesale home equity unit. "We are in a ... loans already on the books. A bankrupt lender simply means financial institutions will likely buy ...
American Home files for protection
Tenth largest mortgage lender lays off most of its workforce; two ... loans and lines of credit in its wholesale home equity unit. "We are in a ...
Impac Mortgage Halts Alt - A Lending, Has Met Margin Calls to Date
Impac Mortgage Halts Alt-A Lending, Has Met Margin Calls ... Impac, which was almost wholly an alt-A lender, will continue to originate prime mortgages through wholesale and retail channels. Alt-A loans are given ...