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Fremont Mortgage Article

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Reuters - NEW YORK, March 4 (Reuters) - Standard & Poor's on Tuesday cut its counterparty rating on mortgage lender Fremont General deeply into speculative territory and said it may cut the rating again after Fremont said it received default notices. S&P cut ...

S&P cuts Fremont General's counterparty rating

CNN Money - The company proceeded to sell its mortgage assets after the lending operations were closed. Shares of Fremont fell 12 cents, or 17%, to 58 cents in morning trading.

Fremont received defaults on $3.15B in loans

Reuters - Fremont had been one of the 10 largest U.S. subprime mortgage lenders until regulators including the Federal Deposit Insurance Corp ordered it last March to stop risky lending.

UPDATE 1-Fremont gets default notices, survival threatened

Forbes - Chief among them were New Century Mortgage Corp., WMC Mortgage Corp., Fremont Investment & Loan, and Argent Mortgage Co. The survey focused on lending to minority urban markets in New York, Los Angeles, Chicago, Boston, Cleveland, Charlotte, N.C., and ...

Report: Minorities Hit by Foreclosures

MSN MoneyCentral - Fremont General was primarily a mortgage lender, but was forced to shut down the operations in 2007 because of a cease-and-desist order from its regulator, the Federal Deposit Insurance Corp.

Amalgamated Gadget cuts Fremont stake

San Francisco Gate - Fremont was primarily a mortgage lender until early last year, when it was forced by the Federal Deposit Insurance Corp. to cease originating mortgages.

Fremont General gets default notice on $3.15 billion in mortgages

Forbes - The FDIC alleged Fremont was operating without proper risk management policies. The company proceeded to sell its mortgage assets after the lending operations were closed and continues to operate under the order.

S&P Lowers Rating on Fremont General

Street.Com - Harbert Management did not return calls for comment. Fremont isn't alone in having difficulty with filing an annual report on time. Mortgage insurers Radian Group RDN and PMI Group PMI both on Monday said they would be late to file.

Fremont Faces Defaults

CNBC - ... said it had received notice of covenant default from two unnamed parties who had purchased a total of $3.15 billion in residential sub-prime mortgage loans in March 2007. The covenant said that for two years following the sale of the loans, Fremont's ...

Fremont General Plummets on Loan Covenant Worries

RTT News - 3/4/2008 11:53:16 AM Tuesday, Fremont General Corp. (FMT) said that it has received notices from the two affiliated third party purchasers of an aggregate of $3.15 billion of residential sub-prime mortgage loans that it has sold in March 2007 ...

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