Top 25 subprime lenders behind the mortgage meltdown
If you were wondering just who the culprits of the great recession are, you are in luck.
The Center for Public Integrity has listed on its web site the guiltiest companies that led the subprime lending craze. David Donald, the Center’s data editor, analyzed over 350 million mortgage applications going back to 1994. More specifically, the top 25 list focuses on loan originators during the height of the lending frenzy, 2005 through 2007. The web site also includes information on hefty lobbying and political contributions to members of Congress by the companies on the list. To date, this is the most comprehensive data I have seen that brilliantly prosecutes the banks, providing incontrovertible, empirical data.
Thanks, Teresa, for the link. Teresa is my anonymous mortgage-lending oracle.
Greetings! I’m Kevin D. Johnson, a business owner who has recently assumed the role of consumer advocate and internet activist. Atlanta, Georgia is my home.
Upon returning from my wonderful honeymoon in Jamaica in October 2008, I received what I thought was an ordinary American Express bill, but to my surprise it was a disappointing letter informing me that my credit line was reduced by about 65% for a highly suspicious and discriminatory reason. Considering my excellent credit score and pristine payment history, it just didn’t make sense. However, what does make sense are the unfair and insidious policies that I have uncovered when asking why. It is time to change them.
I created this web site to document and share my challenging journey to change what is wrong, unfair, and unjust in the credit card industry. The ultimate goal of this web site is to inform consumers of ways to stand up for themselves against treacherous business practices and to educate consumers about how to improve their credit. Finally, I hope to encourage a more open dialogue with credit card companies about their policies–good and bad.
I am proud to say that this blog's unyielding demand for change led to an important 
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