Zero-down mortgage lenders folding - 2007-02-20
Brian and Selah Davenport were only two days away from closing on a townhouse in Parker, Colo., when their mortgage broker contacted them on Valentine's Day.
Their lender, Las Vegas-based Silver State Financial Services, one of the country's larger subprime lenders, had stopped operations. Close to two dozen of the largest subprime mortgage lenders across the country have gone under or stopped making loans since December, according to the Mortgage Lender "Implode-O-Meter."
Read the full story at Arizona Republic

Bad refinance mortgage debt not widespread issue - 2007-02-20
Federal Reserve Board Governor Susan Bies on Tuesday said most of the U.S. refinance mortgage market was not troubled by bad debt problems, which were focused in the subprime, tarnished-credit sector. Higher debt delinquency and foreclosures in the subprime market, which lends to those with weak or thin credit histories, as the U.S. housing market cools has been a source of worry for policy-makers.
Read the full story at Reuters