OWNIT MORTGAGE
Mortgage lender Alliance Bancorp files Chapter 7 Washington Post, United States - Jul 16, 2007 Other mortgage lenders to seek bankruptcy protection include New Century Financial Corp. (NEWCQ.PK), Mortgage Lenders Network USA Inc., Ownit Mortgage ... Indymac hit by sub-prime turbulence Los Angeles Times, CA - Aug 1, 2007 ... sub-prime lenders this year, forcing companies such as Southern California's Ownit Mortgage and New Century Financial to seek bankruptcy protection. ... American Home Mortgage files for bankruptcy MarketWatch - Aug 6, 2007 Several companies in the sector already have filed for bankruptcy, including Ownit Mortgage Solutions, ResAME Mortgage, Mortgage Lenders Network and New ... What's behind the Dow's swan dive ... (by Mike Larson) Money and Markets, FL - Jul 27, 2007 One firm called Ownit Mortgage Solutions — the 11th largest subprime lender — had closed its doors and fired 800 employees. It made more than $8 billion in ... US mortgage lender HomeBanc files for bankruptcy domain-B, India - 4 hours ago ... Mortgage Lenders Network USA Inc., Ownit Mortgage Solutions LLC, People's Choice Financial Corp., ResMae Mortgage Corp. and SouthStar Funding LLC. ... Broker linked to fraud claim San Jose Mercury News, USA - Jul 25, 2007 The loans totaled $2018000 from several subprime lenders - New Century Mortgage, the now-defunct Ownit Mortgage Solutions, Opteum Financial Services and ... Fitch Ratings Affirms $1.16B from 2 C-BASS Subprime Deals Business Wire (press release), CA - Aug 2, 2007 --Originators: 29.26% Ameriquest Mortgage Company, 29.11% Ownit, 13.28% NC Capital Corp. --$ 6.1 million class M9 affirmed at 'BBB-' (BL: 13.32, LCR: 1.27). ... HOME SALES, published July 28 San Jose Mercury News, USA - Jul 28, 2007 $590000, 1195 SF, 3 BR, Ownit Mortgage to D. & M. Lezotte 5669 Goldfield Drive $615000, 1822 SF, 4 BR, Y. Groen to S. Singh 561 Hyde Park Drive $735000, ... Fitch Ratings Affirms $539MM from GSAMP 2006-HE6 Business Wire (press release), CA - Aug 1, 2007 16% Ownit Mortgage Solutions, Inc.; These transactions were placed on 'Under Analysis' on July 12, 2007 (for more information, see the July 12, ... Although it has avoided the riskiest borrowers, the Pasadena lender sees profit plunge 57% in the second quarter. It's not just sub-prime mortgage lenders that are struggling these days, as Pasadena's Indymac Bancorp showed Tuesday. NEW YORK (Reuters) - Mortgage lender HomeBanc Corp has filed for Chapter 11 bankruptcy protection, two days after agreeing to sell most of its assets to Countrywide Financial Corp., and said it plans to shut down. Alliance Bancorp Inc. has filed for Chapter 7 bankruptcy protection and will liquidate, becoming the latest residential mortgage lender to collapse in the U.S. housing downturn. BOSTON (MarketWatch) -- The subprime meltdown claimed its largest victim Monday as American Home Mortgage Investment Corp. filed for bankruptcy protection, just days after the company laid off almost all employees and closed down most business operations. NEW YORK----Fitch Ratings has taken the following rating actions on GS Mortgage Securities Corp. residential mortgage pass-through certificates. Affirmations total $539 million. Break Loss percentages and Loss Coverage Ratios for each class are included with the rating actions as follows: NEW YORK----Fitch Ratings has taken the following rating actions on Credit Based Asset Servicing and Securitization LLC mortgage pass-through certificates. Affirmations total $1.16 billion. State regulators are trying to revoke the license of a prominent San Jose real estate broker over $2 million in fraudulently obtained loans on four Central Valley properties. NEW YORK----Fitch Ratings has taken the following rating actions on SAIL mortgage pass-through certificates. Affirmations total $11.12 billion and downgrades total $1.47 billion. Break Loss percentages and Loss Coverage Ratios for each class are included with the rating actions as follows: The flurry o closures follows a December announcement by Agoura Hills-based Ownit Mortgage Solutions, Inc that it would close shop and lay off 800 employees. While delinquency and default rates in the state. Today's excellent front-page Wall Street Journal article (subscription required) on the collapse of mortgage company New Century ... Aside from losing its investment, Merrill was listed as Ownit's largest unsecured creditor: The bankrupt firm owed Merrill. Subprime Lender Ownit Mortgage Solutions Files for Chapter 11 Bankruptcy WASHINGTON (AP) -- Ownit Mortgage Solutions Inc., a subprime mortgage lender, filed for bankruptcy last Thursday, just a few weeks after it stopped making new loans. 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