A new report says that residential mortgage lender "insolvencies" caused by poor loan underwriting are nearing an end. But the company that issued the report, SMR Research Corp., Hackettstown, N.J., notes that even though the worst of the subprime crisis may be over, the secondary market for non-conforming product is still in turmoil. In its report, SMR grades 163 mortgage lenders, issuing scores relating to their chances of failure. Among the top 10 lenders, Bank of America had the lowest risk score (450), HSBC the highest (1,444). Nearly all lenders with a score north of 1,750 are already bankrupt, SMR says.

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