Best Subprime Lenders

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Largest Subprime Lenders

1. Wells Fargo
2. HSBC Household Finance [rumored to be up for sale]
3. New Century [restating '06 earnings downwards; major shareholder lawsuits]
4. Fremont
5. Countrywide
6. Option One [H&R Block; up for sale]
7. Ameriquest [owned by ACC; shut most offices, settled with 30 states over predatory lending]
8. Washington Mutual [closed 80 branches in late 2006]
9. WMC [subsidiary of GE Money]
10. CitiFinancial
11. First Franklin [acquired by Merrill Lynch from National City for $1.3bln]
12. Accredited Home
13. GMAC [Major layoffs in ResCap]
14. BNC [Lehman bros. subsidiary]
15. ChaseHome Finance
16. Novastar
17. OwnIt, 2006-12-07 [partially-owned by Merrill and BofA]
18. Aegis [recently closed two subprime operations centers]
19. MLN, 2006-12-29 [reportedly bought out by Lehman]
20. EMC
21. Decision One [owned by HSBC; rumored to be up for sale]
22. ResMAE,2007-02-13 [in bankruptcy; being funded by Credit Suisse]
23. FirstNLC
24. Fieldstone [2007-02-16, bought by C-Bass]
25. ECC/Encore [fire-sale bought out by Bear-Stearns]

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