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Guy Cecala

Shahien Nasiripour

Pandering To Clients, Firm Distances Itself From Wall Street Whistleblower's Testimony

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

When the former president and chief operating officer of Wall Street's foremost mortgage-loan due diligence firm testified under oath before a federal...

Shahien Nasiripour

New Proof Wall Street Knew Its Mortgage Securities Were Bad

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

During a little-noticed hearing this week in Sacramento, Calif., a firm hired by Wall Street to analyze mortgages given to borrowers with poor credit,...

Shahien Nasiripour

Citi 'Negative' On Subprime Mortgages As Early As 2006, Yet Firm Continued To Pump Out Subprime Mortgage Products (VIDEO)

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

A top Citigroup official testified Wednesday that the firm was reducing its risk to subprime mortgage products as early as 2006, fully expecting housi...

Shahien Nasiripour

Mortgage Lenders Making Record Profits, Consumers Suffer

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

Never ones to let an opportunity go unexploited, mortgage lenders are taking advantage of a market fueled by low interest rates and massive government...

Shahien Nasiripour

Mortgage Bankers Post Huge Profits... Again

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

Independent mortgage lenders may have hit their high point of the year as they booked an average profit of nearly $1,400 on each loan originated durin...