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Here are the top 25 subprime loan issuers and the amounts of loans issued from 2005 through 2007, according to an analysis of 7.2 million "high interest" loans released on May 6 by the Washington-based Center for Public Integrity. The lenders made $997.5 billion in such loans during the period, according to the group.
1. Countrywide Financial
At least $97.2 billion
2. Ameriquest Mortgage/ACC Capital Holdings
At least $80.6 billion
3. New Century Financial
At least $75.9 billion
4. First Franklin/National City/Merrill Lynch
At least $68 billion
5. Long Beach Mortgage/Washington Mutual
At least $65.2 billion
6. Option One Mortgage/H&R Block
At least $64.7 billion
7. Fremont Investment & Loan/Fremont General
At least $61.7 billion
8. Wells Fargo Financial/Wells Fargo
At least $51.8 billion
9. HSBC Finance/HSBC Holdings
At least $50.3 billion*
10. WMC Mortgage/General Electric
At least $49.6 billion
11. BNC Mortgage/Lehman Brothers
At least $47.6 billion*
12. Chase Home Finance/JPMorgan Chase
At least $30 billion
13. Accredited Home Lenders/Lone Star Funds V
At least $29.0 billion
14. IndyMac Bancorp
At least $26.4 billion
15. CitiFinancial/Citigroup
At least $26.3 billion
16. EquiFirst/Regions Financial/Barclays Bank
At least $24.4 billion
17. Encore Credit/ECC Capital/Bear Stearns
At least $22.3 billion
18. American General Finance/American International Group (AIG)
At least $21.8 billion*
19. Wachovia
At least $17.6 billion
20. GMAC/Cerberus Capital Management
At least $17.2 billion*
21. NovaStar Financial
At least $16 billion
22. American Home Mortgage Investment
At least $15.3 billion
23. GreenPoint Mortgage Funding/Capital One Financial
At least $13.1 billion
24. ResMAE Mortgage/Citadel Investment Group
At least $13 billion
25. Aegis Mortgage/Cerberus Capital Management
At least $11.5 billion
*Totals include subsidiaries
Source: Center for Public Integrity