The recent bankruptcy of Ownit Mortgage Solutions, a lender based in Agoura Hills, Calif., provides a cautionary tale.
The broker will then assign the loan to a designated licensed lender based on their pricing and closing speed.
Both are lenders based in California with operations in New York City.
Spinoff Success Another stock the managers like is Finova Group, a commercial lender based in Phoenix.
Nelnet, a lender based in Nebraska, created an elaborate point system to reward college officials who advised it.
Shares of HSBC, an international lender based in London, fell $2.44, to $89.78, in New York.
Early last month, he finally was able to get a 6.8 percent interest rate with Fremont General, a subprime lender based in Santa Monica, Calif.
His target then was United Companies Financial, a subprime lender based in Baton Rouge, La.
One of the examples in the report describes how Nelnet, a lender based in Nebraska, created an elaborate point system to reward college officials who advised it.
The Shermans filed suit in 2005 against NovaStar, a lender based in Kansas City, Mo.