Fremont Unloads $4 Billion in Whole Loans

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Fremont General Corp., which is leaving its subprime mortgage business, said Wednesday it had agreed to sell $4 billion of its mortgages at a discount, resulting in a $140 million pre-tax loss.

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The company has been originating between $5 billion and $5.5 billion per year over the past three years, with about $33 billion in commercial whole loans in its general account. "We expect to.

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Fremont Bank Mortgage Review. In a March 18, 2011 press release, Fremont Bank credits it’s rise in profits to the an increase in mortgage lending and servicing portfolio. They reported an increase of residential mortgage origination to $4.5 billion in 2010.up 84% from 2009.

Fremont General said it plans to sell $4 billion in subprime loans, which will result in a $140 million pretax loss.

Fremont Unloads $4 Billion in Loans March 21, 2007 By justin mchood housingwire reports that Fremont has agreed to sell $4 billion in loans as they continue to exit the subprime lending market as ordered by the FDIC.

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