Stories Tagged as
Mortgage crisis
5 years after Lehman, subprime mortgages return
Sep 12, 2013
Mortgage lenders fueled the financial collapse by marketing subprime loans to people who couldn't afford them. They disappeared as the housing market crashed, but subprime mortgages could return.
U.S. demands JPMorgan pay $6 billion penalty
Aug 28, 2013
It's of those mornings where the brass at JPMorgan might not want to read the papers.
Feds sue Bank of America over 'hustle' home loans
Oct 25, 2012
Federal prosecutors in New York are accusing the bank of defrauding the government by rushing home loans through the approval process, then selling them to Fannie Mae and Freddie Mac.
Former regulator Sheila Bair on the financial crisis
Sep 25, 2012
It may be too early to assign blame for Europe's economic crisis, but it is not too early to figure out what went wrong in this country back in 2008. Sheila Bair headed the FDIC back then, and is out with a new book this morning, in which she says she saw signs of trouble in subprime mortgages way back in 2006.
Treasury turns $25 billion profit from mortgage securities
by
Kai Ryssdal
Mar 19, 2012
The U.S. Treasury has profited from buying mortgage-backed securities during the financial crisis.
$25 billion foreclosure settlement announced
Feb 9, 2012
Five big banks punished for illegal lending practices.
For public good, not for profit.
"Borrowers Betrayed"
by
Richard Core
Jul 21, 2008
The Miami Herald has done a good piece of investigative work into how lack of regulation allowed persons with criminal histories to enter the...