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In July, Countrywide Home Loans filed a claim, saying that the borrowers owed almost $279,000 on their loan.
But for many investors, doubts about alternative energy were confirmed last month when Solyndra, which made solar panel arrays and had raised more than $1 billion in venture capital and $528 million in government loans, filed for bankruptcy protection.
So far, only one out of three applications for disaster loans, filed with the United States Small Business Administration, has been approved, well below the rate in other major disasters over the last decade.
Edward Stein, the company's chief financial officer, resigned, and American Tissue, which had by then defaulted on its loans, filed for bankruptcy protection.
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One borrower learned that his loan was put into default when a parent who had co-signed for the loan filed for bankruptcy protection.
A co-signer on the loan filed for bankruptcy, which caused the loan to go into default under the terms, even though the borrower wasn't the one filing.
Online mortgage provider E-Loan filed to raise as much as $55.2 million in an initial public offering.
E-Loan filed for an initial public offering in late March (the likely valuation is north of half a billion, making the founders remaining stake worth $150 million).
E-Loan filed for an initial public offering in late March (the likely valuation is somewhat more than half a billion, making the founders remaining stake worth $150 million).
One company that specialized in subprime loans, First Alliance Corporation, a nationwide home equity lender based in Irvine, Calif., recently stopped making new loans and filed for bankruptcy protection.
No shareholder class actions related to subprime loans were filed in 2006, according to the report.
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