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Most Mortgage Defaults Come From Rich And Wealthy With Million Dollar Loans

The New York Times | Posted 05.25.2011 | Business

More than one in seven homeowners with loans in excess of a million dollars are seriously delinquent, according to data compiled for The New York Time...

American Dream Interrupted: A Family's Journey

Huffington Post | Damiano Beltrami | Posted 05.25.2011 | New York

Helen K. Meshin, who emigrated from Russia to New York in the mid-1990s, never envisioned being a stay-at-home mother, taking care of three children. ...

Protesters Heat To San Francisco To Target Wells Fargo's Lending Policies

Huff Post Citizen Reporting | Heidi Pickman | Posted 05.25.2011 | Business

"Hey, hey, ho, ho - corporate greed has got to go" "We Want Justice, We Want Justice" "Wells Fargo, you can't hide, we can see your gree...

'God, What a Piece of Crap'

Robert Scheer | Posted 05.25.2011 | Business
Robert Scheer

It was the Perry Mason moment in the unraveling of what was left of Goldman Sachs' reputation. Only in this case, it involved a grizzled former prosecutor, Sen. Carl Levin, rather than a genial defense attorney.

Product Warranty Proposal for the Ratings Agencies

Kim Davis | Posted 05.25.2011 | Business
Kim Davis

An enduring mystery of the debate about regulatory reform is the extent to which the ratings agencies are a second order issue of concern.

"A Man for All Seasons"

Jerry Zezima | Posted 05.25.2011 | Comedy
Jerry Zezima

Now I am in the middle of raking leaves that fell last fall, which is called fall because you will fall into the leaves that fell in the fall and will not feel fine after you have fallen.

Goldman Sachs in Troubled Waters

Georges Ugeux | Posted 05.25.2011 | Business
Georges Ugeux

Wall Street has long forgotten how to spell "ethical" or "good," and replaced it with "compliant" and "legal." The time has come to explain to investment banks what their responsibility and accountability are.

Sheila Bair, FDIC Chair, Calls For Better Lending Standards

AP | JOHN MILBURN | Posted 05.25.2011 | Business

LAWRENCE, Kan. — The head of the Federal Deposit Insurance Corp. said Monday that the U.S. needs better lending standards and greater transparen...

Let's Recall Toxic Mortgages

Peter G. Miller | Posted 05.25.2011 | Business
Peter G. Miller

The news is now filled with SEC accusations that Goldman Sachs defrauded investors who bought mortgage-backed securities, allegations Goldman Sachs st...

When You Don't Have To Pay Your Mortgage

Peter G. Miller | Posted 05.25.2011 | Business
Peter G. Miller

If you've been getting strange calls from your mortgage lender demanding payment, don't be so quick to reach for your checkbook -- such calls could be...

The Whistleblower They Ignored

Robert Scheer | Posted 05.25.2011 | Business
Robert Scheer

Armando Falcon was the chief regulator attempting to bring order to Fannie Mae and Freddie Mac in the early 2000s, and had he been listened to, a significant part of the housing crisis could have been mitigated.

Commercial Real Estate: Why Hasn't It Crashed? | Heidi N. Moore | Posted 05.25.2011 | Business

Oddly, however, there is one sector that has been outrunning the reaper since 2007, and it's the last place you'd expect to have survived so long: com...

Arthur Delaney

Chase Sued: Allegedly Told Homeowner To Stop Payments, Then Foreclosed | Arthur Delaney | Posted 05.25.2011 | Business

JPMorgan Chase told a California couple to quit making mortgage payments in order to qualify for a loan modification but then foreclosed on their Sacr...

Out Of Money? Don't Call Your Folks

Huffington Post | Posted 05.25.2011 | College

Parents who spent their lives saving for their kids' educations are seeing their plans foiled by continued recession aftershocks -- and their college-...

Homeowners In Foreclosure Stop Paying Mortgage | Posted 05.25.2011 | Business

A growing number of the people whose homes are in foreclosure are refusing to slink away in shame. They are fashioning a sort of homemade mortgage mod...

Customer Channel Intensity

Brett King | Posted 05.25.2011 | Technology
Brett King

We all recognize that a total channel, total relationship, total profitability view of the customer is essential moving forward for retail banking. So...

I'm Not A Polyanna: The Economy Is Going To 'Rebound'

Stephen Rose | Posted 05.25.2011 | Books
Stephen Rose

If history is any guide, we should expect a rebound and it is incumbent on those arguing otherwise to prove what's different now.

Mortgage Modification Program: 12 Million Households 'At-Risk'

Reuters | Rolfe Winkler | Posted 05.25.2011 | Business

Friday's announcement that the administration is overhauling its mortgage modification program to encourage principal forgiveness shows they understan...

Bank Of America To Start Reducing Principal On 'Underwater' Mortgages

AP | IEVA M. AUGSTUMS | Posted 05.25.2011 | Business

CHARLOTTE, N.C. — Bank of America Corp. is giving some of its most troubled mortgage borrowers relief from the threat of foreclosure. The bank,...

Why Fannie Mae, Freddie Mac Continue To Cost US Taxpayers Billions

Huffington Post Investigative Fund | Ben Protess | Posted 05.25.2011 | Business

Of all the companies bailed out by the federal government, mortgage finance giants Fannie Mae and Freddie Mac are shaping up as the deepest money pits...

Compare Senate, House Financial Reform Bills: CFPA, Fed, Derivatives Differences

AP | The Associated Press | Posted 05.25.2011 | Politics

A comparison of the Senate and House financial regulation bills: ____...

Astoria Characters: The Self-Made CEO

Nancy Ruhling | Posted 05.25.2011 | New York
Nancy Ruhling

It came about, when Edith O'Donnell was in her late 40s, that she found herself without a husband and without a job. And with two daughters to put through college.

What Happened To The White Picket Fence?

Michael Ford | Posted 05.25.2011 | Home
Michael Ford

In the American Consumer Republic, the Xavier University for Politics and the American Dream's first national survey of the Dream found that the alleg...

Transactions: May 17, 2010

Robert Teitelman | Posted 05.25.2011 | Business
Robert Teitelman

Europe without Greece is like Main Street without Wall Street. Difficult to fathom, even if Goldman, Sachs & Co. has been naughty. For now, Greece can...

'Strategic Defaults' Give Homeowners A Way Out, Even If They Can Afford Payments

Los Angeles Times | Alana Semuels | Posted 05.25.2011 | Business

Time was when Americans would do almost anything to hang on to their homes. But that commitment appears to be fraying as more people fall behind on th...