Countrywide Credit Industries, which has made a big splash this year in the subprime lending market through its wholesale division, is now planning to offer "B" and "C" loans through retail outlets as well.

The Pasadena, Calif., mortgage banker has opened two subprime retail offices, in California and Texas, as part of a new division called Full Spectrum Lending.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

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