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Majority of Subprime Borrowers Single ComplianceTech announced a new analysis of Home Mortgage Disclosure Act data. The report was based on 1.9 million subprime-rate mortgages originated in 2006. Borrowers with no co-applicants accounted for 65 percent of subprime loans. $500k Fine, License Revocation for Calif. Co. Washington's Department of Financial Institutions announced that it intends to revoke the license of Paramount Equity Mortgage Inc. In addition, the state is issuing a $500,000 fine against the company, demanding nearly $10,000 in examination and investigation fees and requiring restitution for borrowers. The California-based company is accused of using deceitful advertising, faulty disclosures and unlicensed originators. New ResCap CEOs Thomas Marano has been named chief executive officer of Residential Capital LLC, an announcement said. Marano replaces Jim Jones. Marano was named non-executive chairman of the Minneapolis-based unit in April. FHLB Activity Holds Combined second-quarter income for the Federal Home Loan Banks was $719 million, an annoucement indicated. Earnings were mostly unchanged from the first quarter. Total combined assets were $1.3 trillion on June 30, up slightely from March 31. WaMu Results Tank Residential loan originations were $10 billion during the second quarter at Washington Mutual Inc., according to earnings data. Production tumbled from the prior quarter and plunged from the prior year. The home loans group had a $2 billion net loss before taxes, more than double the loss in the first quarter.