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Loan Modification

: Mortgage Lender Implode-o-Meter

NovaStar returns to profitability, but risks remain from subprime lending

By Implode-Explode Heavy Industries

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``The company survived the subprime meltdown that occurred in 2008, but NovaStar told investors in its latest annual report that the risk of having to compensate parties who purchased mortgage loans from NovaStar remains years after the company distanced itself from that segment.''

Full post as published by Mortgage Lender Implode-o-Meter on March 24, 2011 (boomark / email).

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