Amresco Corp. had a big week last week as the Dallas-based home equity lender announced the formation of Finance America, LLC, a new venture with Lehman Brothers targeted at bringing Amresco's subprime home equity origination and securitization business back to life.

Lehman is looking to underwrite all Finance America HEL deals going forward. Additionally, amidst another lackluster earnings report released for the 1999 second quarter, Amresco announced that its hunt for a deep-pocketed parent has now focused on one potential buyer.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.