Two subprime mortgage specialists went public late last week and were greeted with open arms by the investment community.

On Thursday, Life Financial Corp., the holding company for Life Savings Bank, announced that it was offering 2.9 million shares of common stock at $11 a share.

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.