Sentence examples for subprime operation from inspiring English sources

The lucky young chap who hustles the most loans each month gets to drive the firm's black Mercedes convertible, while the salesman who refers the most borrowers to a smaller subprime operation gets to drive a Mustang convertible.

For example, the S.E.C. accused Countrywide Financial's former chief executive, Angelo R. Mozilo, of selling $140 million worth of shares through multiple plans he adopted after he is said to have learned of serious problems in the company's subprime mortgage operation.

Merrill didn't even take much of a hit from a subprime mortgage operation it bought from Cleveland-based National City last year, right before all the troubles in the sector started.

One of the companies that passed these screens is First Union, an acquisitive bank in North Carolina that recently expanded its subprime lending operations with the purchase of the Money Store.

Lewis, as Scheiber notes, had made such egregious mistakes as the acquisition of Countrywide Financial, a subprime ­boiler-room operation that burdened Bank of America with an enormous portfolio of toxic mortgages.

Last year, he acquired H&R Block's subprime mortgage servicing operations for $1.3 billion.

Bank of America has agreed to sell its subprime real estate servicing operations to the Fairbanks Capital Corporation.

Citigroup and HSBC, two big banks, played down their Asian heritages and spent the next decade building subprime and investment-banking operations in America.

The two largest subprime lenders had suddenly shut down operations.

Since January Walter has shuttered its home building operation and spun off its subprime portfolio into a new firm.

These operations, the FTC alleged, offered subprime credit cards that charged an upfront fee debited from customers' bank accounts, but the cards were never delivered.