Nevada Impose Fines on Two Mortgage Lenders - 2004-02-26
Mortgage Lending Division Commissioner Scott Bice has reached an agreement with Novastar Home Mortgage for unauthorized mortgage broker activity.

Bice issued a cease-and-desist order to Novastar and fined it $80,000 for investigative costs and attorneys' fees.

Attempts to reach Novastar for comment failed. The company may be able to obtain required licenses and resume business in Nevada, Bice said.
Read the full story at Miami Herald

A Mortgage Subprime Lender's Ascent - 2004-02-26
Accredited Home Lenders' stock has skyrocketed since its IPO. Now, the challenge is to maintain growth even if interest rates spike

This would hardly seem the time to invest in a mortgage banker -- let alone one that deals in the "subprime" segment of the market, providing higher-rate loans to people who don't qualify for mortgages at the lowest rates.
Read the full story at Business Week