AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
C-BASS to Buy Nonprime Lender.
NEW YORK -- Credit-Based Asset Servicing and Securitization LLC - which is controlled by two mortgage insurance giants - has agreed to pay $260 million for Fieldstone Investment Corp., Columbia, Md., a publicly traded nonprime lender.
The purchase, once completed, will increase the servicing market share of Litton Loan Servicing, Houston, a C-BASS subsidiary.
Litton currently services $49 billion in subprime loans, ranking 10th in that niche with a market share of 3.84%. By adding Fieldstone's $5.7 billion in servicing, Litton will rank sixth with a 4.31% market share.
A non-depository, Fieldstone - which operates as a real estate investment trust - ranks 28th ...
- C-BASS Purchases Nonprime Lender.
- News wire article from: Mortgage Line March 14, 2007 700+ words
...Securitization LLC - which is controlled by two mortgage insurance giants - has agreed to pay $260 million for publicly traded nonprime lender Fieldstone Investment Corp., Columbia, Md. A non-depository, Fieldstone - which operates as a real estate investment...
- 40 Years or 50? Nonprime Lender Splits Difference.(Ownit Mortgage Solutions...
- Magazine article from: American Banker Bergquist, Erick June 7, 2006 700+ words
Ownit Mortgage Solutions Inc., the nonprime lender run by the industry veteran William Dallas, is betting on a 45-year mortgages as the future -- at least in the near term...
- Reinforcing your brand: First Franklin Financial Corporation, San Jose,...
- Magazine article from: Mortgage Banking Corsi, Stephen December 1, 2004 700+ words
...lenders will have to work smarter for market share. [??] So, how does a company like...strong brand identity or we'd lose market share--particularly in the potentially...enjoys more customer loyalty, larger market share and greater return on investment (translation...
- Profit Warning from Nonprime Lender.(New Century Financial Corp.)
- Magazine article from: American Banker Bergquist, Erick September 26, 2005 700+ words
New Century Financial Corp., a top nonprime mortgage lender, slashed full-year earnings guidance Friday to between $7.25 and $7.75 a share, from the previous range of $8.25 to $9. The Irvine, Calif., company said continued compression of its production operating margin was mainly responsible.
- Delta Exec: Room for Growth Even After 2004's Record Volumes.
- Magazine article from: National Mortgage News June 6, 2005 700+ words
...meeting, the head of Delta Financial Corp. here said even with record production in 2004, the nonprime lender has the opportunity to grow market share. "Despite the significant growth over the past year, our loan production represents only...
- C-BASS Buying Fieldstone.
- Magazine article from: National Mortgage News February 26, 2007 700+ words
...Md., a publicly traded nonprime lender. The purchase, once completed...will increase the servicing market share of Litton Loan Servicing...10th in that niche with a market share of 3.84%. By adding Fieldstone...rank sixth with a 4.31% market share. A non-depository, ...
- Pipeline.(meshed briefs)
- Magazine article from: American Banker Shenn, Jody Hochstein, Marc April 22, 2004 700+ words
...consumer lending unit announced a deal Tuesday to acquire the nonprime lender WMC Finance Co. from Chatham Street Holdings LLC, an affiliate...7.5 billion, up 90% from a year earlier, and had a market share of 3.7%. Last year it was the 12th-largest subprime...
- Merrill Lynch Is Buying B/C Lender 1st Franklin.
- Magazine article from: National Mortgage News Muolo, Paul September 11, 2006 700+ words
...large prime lender (MortgageIT) and a small California nonprime lender. A few years ago, subprime accounted for about 10% of...2006 fundings: $12,070 B&C production rank 12th Market share 3.04% Chief production channel Wholesale Wholesale production...