Page 3A
1998: A Great Year, With Some Hard Lessons for 1999
Several records were set, but the year was difficult for investors
Page 4A
In a Year of Winners, GMAC Mortgage May Have Been Biggest
The unit of General Motors Acceptance had the largest increase in its
Page 5A
Want Loyal Customers? Offer Them No-Cost Refinancings
Lenders haven't had much time to defend their portfolios, but a start-up
Page 6A
A Great Year for Lenders Was a Disaster for Investors
The heavy runoff from loan portfolios put a number of companies into
Page 6A
Redwood Trust Dodged the Liquidity Bullet
The company anticipated the runoff problem, but its stock took a beating
Page 8A
IndyMac, Chastened by Liquidity Crisis, Reinventing Itself
The real estate investment trust saw its stock plunge with the mortgage
Page 10A
Only Minor Cutbacks Seen as Origination Volume Slows
The purchase market is likely to stay strong as refinancings slip. But
Page 22A
How Midsize Lenders Can Compete After the Boom
A mortgage executive writes that mortgage companies must reengineer
Page 23A
H&R Block Still Hoping to Unlock Treasure Chest of Customers
The acquisition of a subprime lender has so far not delivered on its
Alphabetical Index, page 13A
Top 100 Servicers, page 14A
Top 100 Originators, page 16A