Credit and Lending

Latest count of major US Mortgage lenders that have croaked since about Dec 2006: 24 lenders have now gone kaput

Top 25 Subprime Lender list

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