Relevant:
- Creative pay packages for top officials of subprime mortgage company
- NovaStar returns to profitability, but risks remain from subprime lending
- The incoming bailouts for the government mortgage complex and student debt markets -- 15 percent of FHA insured loans are 30+ days delinquent
- Mortgage Delinquencies Continue to Decline as Foreclosure Inventories Climb
- Over 4 Million Loans 90+ Days Delinquent or in Foreclosure, 72% in Foreclosure Not Made Payment for at Least 1 Year
2007-11-19 — iht.com
"As of Sept. 30, some 6 percent of the company's loans held in its own portfolio were at least 30 days delinquent. And 5 percent were in foreclosure. Happily, though, there is one NovaStar constituency that is doing just fine - the top executives and co-founders. "
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