Subprime Loan Crisis

'Buy Here Pay Here' Packages, Sells Subprime Auto Loans To Investors

Posted 01.01.2012

Read More: Auto Industry Subprime Backed Securities, Business News, Mortgage Crisis, Auto Loans, Subprime Loan Crisis, Credit Crisis, Video, Mortgage-Backed Securities, Subprime Loans, Auto Industry, Business News

Auto loan financiers are beginning to adopt a practice from the housing industry that many say played a significant role in the meltdown of the housin...

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Big Fails: FDIC Names 2010 Worst Year For Banks Since 1992

washingtonpost.com | David S. Hilzenrath | Posted 05.25.2011

Read More: Bank Failure, Bank Failures, Subprime Mortgages, Fdic, Bank of America, Subprime Mortgage Crisis, Banks, Subprime Loan Crisis, Subprime Loans, Bank Fail, Too Big to Fail, Recession, Mortgage Crisis, Business News

More banks failed in the United States this year than in any year since 1992, during the savings-and-loan crisis, according to the Federal Deposit Ins...

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Treasuryy Department: Subprime Lenders To Get Most Of $75 BillionWe're Paying WHOM to Fix Subprime Mortgages?

Mother Jones | Andy Kroll | Posted 05.25.2011

Read More: Treasury Department, Subprime Mortgages, Center for Public Integrity, Home Affordable Modification Program, Subprime Mortgage Crisis, Mortgage Crisis, Home Affordable Modification, Subprime Loan Crisis, Housing Crisis, Business News

The Treasury Department has allocated $75 billion to entice lenders to let beleaguered borrowers stay in their homes. And the companies getting most o...

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The Subprime 25: The Top 25 Lenders Responsible For Almost $1 Trillion Of Subprime Loans

Center for Public Integrity | Posted 05.25.2011

Read More: Subprime Lending Bailout, Subprime Crisis, Subprime Mortgages, Bailout, Subprime Mortgage Crisis, Subprime Loan Crisis, Subprime Loans, Subprime 25, Business News

Today, the Center for Public Integrity releases the results of its investigation into the housing crisis, which showed that investment banks, some of ...

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Subprime Swindlers Work A New Angle: Rescue Scams

Bloomberg News | Posted 05.25.2011

Read More: Rescue Scams, Subprime Crisis, Subprime Mortgages, Subprime Lending, Subprime Mortgage Crisis, Subprime Loan Crisis, Subprime Loans, Subprime Swindlers, Business News

In early 2008, Cheryl Ann Montero, a California mortgage broker, held a series of free seminars in the clubhouse of the Lone Tree Golf Course in Contr...

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The Two Documents Everyone Should Read to Better Understand the Crisis

William K. Black | Posted 05.25.2011

Read More: Subprime Mortgages, Tim Geithner, Subprime Mortgage Crisis, Control Fraud, Fbi, Subprime Loan Crisis, Timothy Geithner, Subprime Loans, William Black, William K. Black, Business News

The FBI identified the epidemic of mortgage control fraud at such an early point that the financial crisis could have been averted had the Bush administration acted with even minimal competence.

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Dear Mr. President, I'd Like A Loan

Jon Raymond | Posted 05.25.2011

Read More: Bush Economy, Subprime Mortgage Market, Subprime Loan Crisis, Subprime Mortgages, Economy, Secondary Market, Home News

My business hasn't been doing too well lately. I made some investments which didn't work out. But here's the good part: I have a business partner who lives in Alaska and can see Russia. So I'd be a great help to the global economy.

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My Lesson Learned: Simple Tips To Prevent You from Losing Your Shirt

Sheila Tendy | Posted 05.25.2011

Read More: Homeowners Foreclosure Rescue Scams, Mortgages, Subprime Mortgages, Subprime Mortgage Crisis, Subprime Loan Crisis, Subprime Loans, Home Foreclosures, Business News

Most sub-prime borrowers know the risk they are taking, but isn't the American dream about home ownership? Credit is the too-easy cure for the sub-prime borrower's eroded self-esteem.

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Our Reach Exceeds Our Grasp: The Theory Of Nothingness

Fortune's Stanley Bing | Posted 05.25.2011

Read More: Microsoft Yahoo, Economics, Weather, Politics, Subprime Loan Crisis, Sports, Barry Diller, Google, Business News

The more we evolve, study, and add to the storehouse of human information now available to everybody with a socket on the planet, the less we know.

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Credit Crunch Worries Economists

AP | MARTIN CRUTSINGER | Posted 05.25.2011

Read More: Credit Crunch, Subprime Loan Crisis, Subprime Loans, U.S. Economy, Business News

WASHINGTON — The cascading fallout from the subprime loan crisis, barely a cloud on the horizon a year ago, is now viewed by experts as the econ...

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Wall Street Gears For New Pain

Wall Street Journal | LINGLING WEI, RANDALL SMITH | Posted 05.25.2011

Read More: Citigroup, U.S. Economy, Banks, Subprime Loans, Real Estate, Credit Crunch, Subprime Shakedown, Goldman Sachs, Merrill Lynch, J.P. Morgan Chase, Morgan Stanley, Lehman Brothers, Bear Stearsn, Subprime Loan Crisis, J.P. Morgan, Commercial Real Estate, Business News

After suffering a beating from their exposure to home loans, banks and securities firms are about to take their lumps from office towers, hotels and o...

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Consumer Confidence Lowest In 16 Years

Financial Times | Daniel Pimlott | Posted 05.25.2011

Read More: Financial Crisis, Subprime Loan Crisis, Credit Crisis, Consumer Confidence, Consumer Confidence Low, Subprime Mortgage Crisis, Business News

US consumer confidence dropped to a 16-year low this month, a level that has historically signalled recession. The Reuters/University of Michigan ind...

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Recession Fears Dominate Davos

Reuters | Adam Plowright | Posted 05.25.2011

Read More: U.S. Economy, Oil Prices, Davos, Slowing Growth, Global Economy, Stock Markets, Subprime Loans, Subprime Loan Crisis, Davos Conference, World Economic Forum, Business News

The annual Davos gathering of the world's political and business elite opened Wednesday, dominated by the deep cut in US interest rates aimed at preve...

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Putin? Please. CNBC Names The American Homeowner Person Of The Year

Huffington Post | Michelle Kung | Posted 05.25.2011

Read More: Cnbc, Subprime Crisis, Person of the Year, CNBC Person of the Year, Jonathan Wald, Subprime Loan Crisis, Subprime Mortage Crisis, American Homeowner, Business News

With all respect to Time magazine and their choice of Russian Prez Vladimir Putin as Person Of The Year, CNBC has a different suggestion for the yearl...

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Hostile Lawmakers Criticize Fed's Mortgage Plan

Wall Street Journal | DAMIAN PALETTA and JAMES R. HAGERTY | Posted 05.25.2011

Read More: Subprime Mortgages, Subprime Mortgage Crisis, Federal Reserve, Henry Paulson, Subprime Loan Crisis, Ben Bernanke, Petraeus Moveon Ad, European Central Bank, Business News

Concerns about the U.S. mortgage crisis and turmoil in global credit markets intensified, with U.S. policy makers seeking to clamp down on the practic...

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Florida Caught In Eye Of Burst Real Estate Bubble

New York Times | Peter S. Goodman | Posted 05.25.2011

Read More: Real Estate Boom, Bubble Bursting, Mortgage Crunch, Real Estate Frenzy, Subprime Mortgage Crisis, Subprime Loans, Real Estate Bubble, Subprime Loan Crisis, Real Estate, Subprime Mortgages, Credit Crunch, Business News

Two years ago, when Eric Feichthaler was elected mayor of this palm-fringed, middle-class city, he figured on spending a lot of time at ribbon-cutting...

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Over Half Of Americans Believe We Are In A Recession

CNN | Posted 05.25.2011

Read More: Recession Fears, Subprime Loan Crisis, Subprime Mortgages, Subprime Loans, Subprime Lending, Subprime Mortgage Crisis, Recession, Business News

More than half the American public -- 57 percent -- now believe the nation is in a recession, compared to 42 percent who do not, according to new CNN/...

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How Goldman Won Big On Mortgage Meltdown

Wall Street Journal | Kate Kelly | Posted 05.25.2011

Read More: Goldman, Goldman Sachs, Subprime Loan Crisis, Subprime Mortgages, Subprime Loans, Subprime Mortgage Crisis, Business News

The subprime-mortgage crisis has been a financial catastrophe for much of Wall Street. At Goldman Sachs Group Inc., thanks to a tiny group of traders,...

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Greenspan Explains It All: How The Credit Crisis Happened

Wall Street Journal | Alan Greenspan | Posted 05.25.2011

Read More: US Economy, Credit Crisis, Subprime Loans, Subprime Loan Crisis, Alan Greenspan, Subprime Mortgages, Subprime Mortgage Crisis, Business News

On Aug. 9, 2007, and the days immediately following, financial markets in much of the world seized up. Virtually overnight the seemingly insatiable de...

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Fed Unveils Protective New Home Mortgage Proposal

AP | JEANNINE AVERSA | Posted 05.25.2011

Read More: Subprime Meltdown, Federal Reserve, Subprime Loan Crisis, Subprime Loan, Subprime Mortgages, Credit Crunch, Subprime Mortgage Crisis, Subprime Borrowers, Business News

The Federal Reserve unveiled a proposal Tuesday that would give people taking out home mortgages new protections against shady lending practices. The...

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Wall Street Firms Under Fire For Aiding Subprime Loan Crisis

New York Times | JENNY ANDERSON, VIKAS BAJAJ | Posted 05.25.2011

Read More: Goldman Sachs, Wall Street Firms, Subprime Loans, Subprime Loan Crisis, Subprime Mortgages, Subprime Mortgages Crisis, Business News

As the subprime loan crisis deepens, Wall Street firms are increasingly coming under scrutiny for their role in selling risky mortgage-related securit...

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Bush Officially Announces Plan To Freeze Interest Rates

AP | MARTIN CRUTSINGER | Posted 05.25.2011

Read More: George Bush, Bush Economic Plan, Subprime Loan Crisis, Subprime Mortgages, Subprime Loans, Subprime Mortgage Crisis, Bush Interest Rates, Business News

President Bush announced on Thursday a plan to freeze interest rates for five years for hundreds of thousands of strapped homeowners whose mortgages a...

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Subprime Crisis Forces UBS To Write Down $10 Billion

AP | ERNST E. ABEGG | Posted 05.25.2011

Read More: Singapore, Middle East, Subprime Mortgage Crisis, Subprime Loans, Subprime Loan Crisis, Subprime Mortgages, UBS AG, Ubs, Business News

Swiss banking giant UBS AG said Monday it will write off a further $10 billion on losses in the U.S. subprime lending market and will raise capital by...

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Home Sales Rise, But So Do Recession Fears

Reuters Via CNBC | Posted 05.25.2011

Read More: National Association of Realtors, Subprime Loan Crisis, Subprime Lending, Recession Fears, Recession, Subprime Loans, Subprime Mortgage Crisis, Subprime Mortgages, Business News

Pending sales of existing U.S. homes rose modestly in October, bucking Wall Street forecasts, but the decline from a year ago was the third largest on...

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Moodys': Housing Prices To Drop 30 Percent Before Slump Ends

Reuters | Posted 05.25.2011

Read More: Subprime Loans, Subprime Loan Crisis, Housing Sector, Housing Prices, Subprime Mortgages, Economy.com, Subprime Mortgage Crisis, Business News

Housing markets from Punta Gorda, Florida, to Stockton, California, will crash and suffer price drops of more than 30 percent before the housing crisi...

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