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Mortgage Meltdown

Janell Ross

Foreclosure Crisis Erases Hard-Won Wealth, Dreams Even In Center Of Black Affluence | Janell Ross | Posted 09.25.2012 | Business

BOWIE, Md. -- In the spring of 2007, a few months after Osita Otigba and his wife, Peace, moved to Balk Hill, a new subdivision then being busily deve...

Senate Probes Goldman, Deutsche Bank For Mortgage Meltdown Fraud

Wall Street Journal | By JOHN D. MCKINNON | Posted 05.25.2011 | Business

WASHINGTON -- A Senate panel has subpoenaed financial institutions, including Goldman Sachs Group Inc. and Deutsche Bank AG, seeking evidence of fraud...

Edmund Andrews, New York Times Economics Reporter, Trapped In Spiraling Debt

Huffington Post | Marcus Baram and Arthur Delaney | Posted 05.25.2011 | Business

In 2004, Edmund Andrews dove into the world of subprime mortgages and bought a home he couldn't afford. Two years later, he wound up with $50,000 in c...


Judith Ellis | Posted 05.25.2011 | Business
Judith Ellis

Considering the beginning of the New Year and the new administration, there could not be a greater cry, that of simply, "Enough!" But what exactly have we had enough of?

2007 -- The Year that Time Forgot

Matt Stewart | Posted 11.17.2011 | Healthy Living
Matt Stewart

It's only natural that after our most recent 12-month carnival, 2007 would seem relatively blah. Every now and then, history lays an egg. What happened in 1957? 1910? 1887-1897?

Krugman: Mortgage Rates Are Still Too High

New York Times | Paul Krugman | Posted 05.25.2011 | Business

Mortgage rates have dropped a lot in recent weeks, which is a good thing. But there's still a huge spread between mortgage rates and rates on federal ...

How to Keep Americans in Their Homes

Diane Francis | Posted 05.25.2011 | Business
Diane Francis

Washington should undertake a massive, temporary buyout of residential real estate in order to save its economy from years of turmoil and credit crisis.

Iceland Is Melting!

Eric Lurio | Posted 05.25.2011 | Home
Eric Lurio

The two largest banks failed and trading of the six largest financial institutions was halted on the Reykjavik stock exchange. People have been bitching that McCain and Obama don't know what to do. But neither does anyone else.

When In Doubt, Yell "Fannie Mae"

David M. Abromowitz | Posted 05.25.2011 | Business
David M. Abromowitz

Why do Republicans point to Fannie and Freddie when asked about the current housing crisis? Only to change the subject and point away from the inevitable outcome of pervasive underregulation.

Memo to Republicans: CRA Has Nothing To Do With the Current Problems

Hale "Bonddad" Stewart | Posted 05.25.2011 | Politics

The CRA isn't even an issue. But that won't stop the the likes of Rush and his progeny from saying it over and over again until all sorts of people believe it.

U.S. Subprime Crisis Costs World $7.7 Trillion Dollars

AFP | Posted 05.25.2011 | Business

The meltdown in the US subprime real-estate market has led to a global loss of 7.7 trillion dollars in stock-market value since October, a report by B...

Mortgage Crisis Drags Down Entire Economy

Los Angeles Times | Posted 05.25.2011 | Business

The mortgage meltdown is taking a rising toll on the broader economy, increasing pressure on the Federal Reserve to slash interest rates for a third t...