Adventures of a Subprime Survivor

摘要

Way back in 2004, when subprime mortgages were a can't-miss proposition, Amy Brandt was a superstar. Her success in turning a struggling wholesale lender into a powerhouse that generated more than $1.5 billion in home loans a month caught the eye ofrnexecutives at General Electric.rnWowed by the potential profits of loaning money to what it called "nearprime" customers, GE bought what became WMC Mortgage from private equity firm Apollo Management and asked Brandt, then 31, to stay on as CEO.