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Which Lenders Made the Worst Home Loans?
Thursday, October 22, 2009
The worst mortgage loans were made in 2006, according to research by data provider MDA DataQuick. And those loans are begining to blow up now. According to DataQuick’s numbers, the lenders with the most foreclosure related filings in this year's third quarter in California—-a hot bed of dicey loans were:
Countrywide (now Bank of America) with 7,583 default filings.
Washington Mutual, 5,1...
Original article from http://www.businessweek.com/the_thread/hotproperty/archives/2009/10/which_lenders_m.html
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