- Another lender bites the dust
You probably never heard of it - Aegis Mortgage Corp., which describes itself as one of the 30 largest U.S. mortgage lenders (it made "prime" and "Alt-A" wholesale loans, and "subprime" retail and wholesale loans). That might be too small to generate much concern on Wall Street tomorrow morning, although the company is controlled by private equity firm Cerberus Capital Management (those same folks who bought Chrysler - we think). In Chapter 11 court papers, Aegis listed more than $100 million of assets, and estimated it owes more than $600 million to creditors. (Reuters)
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| 03:40 PM Aug 13, 2007 | Email the Daily Dragon | Email this Article | Post Comments |
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