Read the Beforeitsnews.com story here. Advertise at Before It's News here.
Profile image
By Corporate Justice Blog
Contributor profile | More stories
Story Views
Now:
Last hour:
Last 24 hours:
Total:

The Leading Subprime Lenders Most Responsible for the Mortgage Meltdown

% of readers think this story is Fact. Add your two cents.


As promised, below is the 2009 list of the top 25 subprime lenders that crushed the U.S. housing market in 2007-08.  As discussed earlier this week, nearly every executive at the below banks have more than landed on their feet and are now reengaged in the business of writing loans . . .

Courtesy of The Center for Public Integrity:

“These top 25 lenders were responsible for nearly $1 trillion of subprime loans, according to a Center for Public Integrity analysis of 7.2 million “high interest” loans made from 2005 through 2007. Together, the companies account for about 72 percent of high-priced loans reported to the government at the peak of the subprime market. Securities created from subprime loans have been blamed for the economic collapse from which the world’s economies have yet to recover.
  1. Countrywide Financial Corp.
    Amount of Subprime Loans: At least $97.2 billion
  2. Ameriquest Mortgage Co./ACC Capital Holdings Corp.
    Amount of Subprime Loans: At least $80.6 billion
  3. New Century Financial Corp.
    Amount of Subprime Loans: At least $75.9 billion
  4. First Franklin Corp./National City Corp./Merrill Lynch & Co.
    Amount of Subprime Loans: At least $68 billion
  5. Long Beach Mortgage Co./Washington Mutual
    Amount of Subprime Loans: At least $65.2 billion
  6. Option One Mortgage Corp./H&R Block Inc.
    Amount of Subprime Loans: At least $64.7 billion
  7. Fremont Investment & Loan/Fremont General Corp.
    Amount of Subprime Loans: At least $61.7 billion
  8. Wells Fargo Financial/Wells Fargo & Co.
    Amount of Subprime Loans: At least $51.8 billion
  9. HSBC Finance Corp./HSBC Holdings plc
    Amount of Subprime Loans: At least $50.3 billion ***
  10. WMC Mortgage Corp./General Electric Co.
    Amount of Subprime Loans: At least $49.6 billion
  11. BNC Mortgage Inc./Lehman Brothers
    Amount of Subprime Loans: At least $47.6 billion ***
  12. Chase Home Finance/JPMorgan Chase & Co.
    Amount of Subprime Loans: At least $30 billion
  13. Accredited Home Lenders Inc./Lone Star Funds V
    Amount of Subprime Loans: At least $29.0 billion
  14. IndyMac Bancorp, Inc.
    Amount of Subprime Loans: At least $26.4 billion
  15. CitiFinancial / Citigroup Inc.
    Amount of Subprime Loans: At least $26.3 billion
  16. EquiFirst Corp./Regions Financial Corp./Barclays Bank plc
    Amount of Subprime Loans: At least $24.4 billion
  17. Encore Credit Corp./ ECC Capital Corp./Bear Stearns Cos. Inc.
    Amount of Subprime Loans: At least $22.3 billion
  18. American General Finance Inc./American International Group Inc. (AIG)
    Amount of Subprime Loans: At least $21.8 billion ***
  19. Wachovia Corp.
    Amount of Subprime Loans: At least $17.6 billion.
  20. GMAC LLC/Cerberus Capital Management
    Amount of Subprime Loans: At least $17.2 billion ***
  21. NovaStar Financial Inc.
    Amount of Subprime Loans: At least $16 billion
  22. American Home Mortgage Investment Corp.
    Amount of Subprime Loans: At least $15.3 billion
  23. GreenPoint Mortgage Funding Inc./Capital One Financial Corp.
    Amount of Subprime Loans: At least $13.1 billion
  24. ResMAE Mortgage Corp./Citadel Investment Group
    Amount of Subprime Loans: At least $13 billion
  25. Aegis Mortgage Corp./Cerberus Capital Management
    Amount of Subprime Loans: At least $11.5 billion

***Total includes subsidiaries”



Source: http://corporatejusticeblog.blogspot.com/2013/11/the-leading-subprime-lenders-most.html



Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!


Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST


Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen! 
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover -  Reduces Smart Meter radiation by 96%!  (See Video)

Report abuse

    Comments

    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    MOST RECENT
    Load more ...

    SignUp

    Login

    Newsletter

    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.