ge purchase wmc mortgage

August 18, 2011 by: Sudden Debt

GE's WMC Mortgage loans hit subprime index | Reuters
Mar 9, 2007 . s subprime mortgage unit is responsible for some of the . purchased WMC Finance Co. in 2004, when it was the sixth-biggest subprime lender .
http://www.reuters.com/article/2007/03/10/us-subprime-generalelectric-idUSN0959257020070310

Investigation: How lending industry ignored risks - CBS News
Jan 9, 2012 . That's what an executive at General Electric (GE) subsidiary WMC . other WMC workers who raised concerns about fraudulent mortgages, writes . The rampant fraud at WMC raises another key question: Why did GE buy the .
http://www.cbsnews.com/8301-505123_162-57353837/investigation-how-lending-industry-ignored-risks/

Using data from the gearing up for bad credit mortgages (US debt) and the geba inc term life insurance (annual global gold production), I come up with the following chart:

Click to enlarge

General Electric's WMC Mortgage Cuts Subprime Jobs (Update4 ...
Mar 9, 2007 . GE's WMC Mortgage, the fifth-biggest subprime lender in the U.S., this . two government-chartered companies that purchase mortgages from .
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a1UVtnHgpow4