Bloomberg - "Fremont General Eliminates Subprime `Combo' Programs (Update2)" (1-13-07)

"Fremont General Corp., the third largest provider of subprime U.S. mortgages through brokers and lenders, eliminated 'combo' programs amid a decline in investor demand for the loans. Combo programs allow borrowers to use a second loan in lieu of a down payment when buying a home. Santa Monica California- based Fremont General stopped offering the programs because it can no longer sell the loans at enough of a profit, said Trude Tsujimoto, general counsel for Fremont Investment & Loan, which does the company's subprime lending. "