Last year it was subprime mortgage originators who scored triple-digit
This year belongs to high-loan-to-value lenders.
Mego Mortgage Corp., Atlanta, announced that revenues for the quarter
For the fiscal year ended Aug. 31, originations totaled $526.9 million,
Since its initial public offering last November, Mego has become the
Only First Plus Financial Group, Dallas, makes more high-LTV loans.
Analysts say that Mego's phenomenal growth is safe, in part because the
"Because of their lack of capital, they've been picking and choosing
A $40 million debt issue in September, placed privately by Freidman,
Prepayments continue to be within expectations, chief financial officer