The structure of these loans appears to spell trouble for Countrywide and other home lenders with big home equity loan books. Ronnie will have bad credit and be a renter all ... would get the temporary authority to refinance subprime loans ...Palm Beach Interactive - ... The mortgage loan itself is made by a bank, a savings and loan association, a mortgage company, a credit union, or any other lender. For it to become an FHA mortgage loan, the lender would have to be approved by the Federal Housing Administration.
