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Subprime lenders



July 29, 2009 – Comments (3)

This is just a question: Are there still any publicly traded subprime mortgage companies left? 

3 Comments – Post Your Own

#1) On July 29, 2009 at 1:35 AM, awallejr (35.47) wrote:

Quite a few funding companies still out there.  As for publicly traded, that would still be Fannie May and Freddie Mac.

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#2) On July 29, 2009 at 1:46 AM, MGDG (33.00) wrote:

Novastar and Impac still trade over the counter. I don't believe they are still doing subprime loans though. They have probably morphed into something else. I looked at Impac and the stock is now up 500% from the March low. They both did reverse stock splits before delisting.

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#3) On December 30, 2009 at 12:49 AM, MGDG (33.00) wrote:

Zolj, I looked at Impac again this week and they are in the process of relisting on the AMEX, they were delisted from the NYSE.

I guess they all haven't gone away. Impac is now up 2,800 % from the March low and has turned a profit in each quarter of 2009, with one more still left to report this year.

Maybe I'll do a blog on them.

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