As banks push into subprime mortgage lending, they are opting to run the programs as separate business units.

Barnett Banks Inc. and NationsBank Corp. both recently bought and built up separate operations to handle originations and servicing of loans to borrowers with blemished credit records.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.