Subprime Lending
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HMIC: Closure Due to Repurchase Obligations
Dec 28, 2006Updating a story previously reported on HW, Harbourton Capital Group, Inc. issued a formal statement regarding the shutdown of its wholly-owned mortgage subsidiary, Harbourton Mortgage Investment Corporation (HMIC). As previously reported here, the subprime lender ceased operations effective December 20, 2006. HCG said that its HMIC business unit was forced to shut down when it was unable to satisfactorily resolve mortgage repurchase claims asserted by selected investors that had purchased mortgage loans from HMIC.
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Subprime Wholesaler HMIC Shuts Down
Dec 25, 2006 -
Commentary: A Question of Value
Dec 24, 2006 -
New Century’s Servicer Ratings Affirmed
Dec 20, 2006 -
Cost of subprime borrowing could go even higher
Dec 20, 2006 -
Lenders get subprime indigestion
Dec 18, 2006 -
Consumer Group: U.S. Facing ‘Worst’ U.S. Mortgage Foreclosure Crisis
Dec 18, 2006 -
Green Tree’s Servicer Ratings Affirmed; Subprime Servicing Stability Questioned
Dec 15, 2006
