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Inside Nonconforming Markets

November 10, 2006

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Subprime Volume Slides Amid Home Price and Rate Pressures

The party appears to be over for subprime mortgage originators: after years of robust growth, the market is starting to show signs of a slowdown, with quarterly volume falling and year-over-year production inching... [Includes 2 charts and a graph] Read More

Sluggish Growth SharpensFocus on Nontrad Loans

This year has proved a challenging one for subprime lenders, who have found it harder to grow their businesses while dealing with a shifting product mix. That was the message at this week’s ABS East Conference in Orlando, FL, where discussion focused on a market that... Read More

Subprime Lenders Continue To Struggle with Profitability

Subprime lenders continue to struggle with profitability, leaving even some of the market’s best known companies vulnerable. A case in point is Option One Mortgage, one of the largest lenders and best established brands in the mortgage market. The subprime shop’s... Read More

IndyMac Looks to the Past For New GEM Mortgage

IndyMac is turning to the past for a product idea that officials hope will provide a low-risk alternative to interest-only or IO loans. “Everything old is new again,” said Andrew Sciandra, IndyMac’s senior vice president of secondary marketing, while... Read More

Lender Rift May Be Real Block to Federal PL Law

The Democratic takeover of the Congress could push a federal anti-predatory lending bill closer to reality. Already, subprime lenders have begun preparing for the possibility with a new task force. But as that effort moves forward, not everyone appears to be on... Read More

State Regulators Prepare to Issue Nontrad Loan Guidance

The other shoe is about to drop on originators of nontraditional mortgages. As Inside B&C Lending went to press, state bank regulators and licensing agencies were preparing to issue guidance on the controversial products. Officially, the Conference of... Read More

Alt A Migration to Subprime Is Captured in New Study

ees associated with Alt A mortgages appear to be noticeably below those charged on subprime loans – despite the fact that the risk characteristics of both segments are becoming remarkably similar. That’s one of the findings contained in a major new study of... Read More

Fed Targets 35 Lenders in HMDA Disparity Probe

The Federal Reserve Board is reviewing 35 financial institutions it regulates, including state banks and mortgage-banking affiliates, for unexplained disparities in higher-priced home loans made to minorities last year that were reported under the... Read More