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Subprime Loans

John Oliver Exposes The Ugly Truth About Used-Car Loans

The Huffington Post | Ed Mazza | Posted 08.15.2016 | Comedy

Is there another subprime loan crisis brewing? John Oliver, host of HBO’s “Last Week Tonight,” found disturbing similarities between the easy lo...

Subprime gets bad rap in 'Big Short' but is key to easing affordability crisis

The Conversation US | Posted 02.25.2017 | Business
The Conversation US

Jaime Luque, University of Wisconsin-Madison Anyone who's dug into the 2008 financial crisis knows the role that bundling and selling subprime housin...

Reforming Payday Lending Practices Is One Important Way to Address Wealth Inequality

Andrea Levere | Posted 05.03.2015 | Business
Andrea Levere

The economic recovery has not benefited Americans equally. We all know that. But few facts underscore that point more clearly than the startling number of consumers whose financial futures have been put on hold by subprime credit scores.

Subprime Auto Loans Are Hurting The Poor

The New York Times | Posted 12.27.2014 | Business

The rusting 1994 Oldsmobile sitting in a driveway just outside St. Louis was an unlikely cash machine....

Hot New Real Estate Trend

Mary Buffett | Posted 12.21.2014 | Business
Mary Buffett

In good times and bad, home ownership remained a safe bet even when the contours of life changed. Then everything went to hell.

Zach Carter

Republicans Demand More Lousy Loans For Black People | Zach Carter | Posted 07.24.2014 | Politics

WASHINGTON -- A congressional hearing to examine the legacy of President Barack Obama's 2010 Wall Street reform law quickly devolved into a partisan m...

ARMed and Dangerous

Glenn C. Altschuler | Posted 07.20.2014 | Home
Glenn C. Altschuler

Review of Other People's Houses: How Decades of Bailouts, Captive Regulators, and Toxic Bankers Made Home Mortgages a Thrilling Business by Jennifer T...

Execs Responsible For Mortgage Crisis Are Back In Business

Center for Public Integrity | Daniel Wagner | Posted 09.11.2013 | Business

Andy Pollock rode the last subprime mortgage wave to the top then got out as the industry collapsed and took the U.S. economy with it. Today, he’s b...

Ex-Trader Sent To U.S. To Face Mortgage Fraud Charges

Reuters | Posted 03.16.2013 | Business

LONDON, Jan 14 (Reuters) - A British court on Monday approved the extradition of a former Credit Suisse trader to the United States, where he is wan...

Subprime By Another Credit Score Still Subprime

The Huffington Post | Catherine New | Posted 07.11.2012 | Money

Subprime mortgage lenders have not gone away. They're just getting new tools in order to reach the poorest borrowers. The creditworthiness of Ameri...

Sharon Silke Carty

Subprime Auto Lending Revs Up | Sharon Silke Carty | Posted 05.24.2012 | Business

Car dealer David Kelleher of Glen Mills, Pa., says lately he's growing accustomed to a new kind of customer: lawyers, doctors and other high-salaried ...


Glenn C. Altschuler | Posted 06.10.2012 | Home
Glenn C. Altschuler

Finance and the Good Society is a timely and on the whole persuasive reminder that the institutions of capitalism have the capacity to spread democracy, prosperity and greater equality.

Eliot Spitzer: JOBS Act Would 'Return Fraud To Wall Street'

Slate | Eliot Spitzer | Posted 03.21.2012 | Business

Originally published in Slate Once again, the Puppets on Capitol Hill are about to slam the Muppets on Main Street. The country still hasn’t reco...

Mark Gongloff

The Incredible Shrinking Bank Of America | Mark Gongloff | Posted 02.02.2012 | Business

Once the biggest bank in the country, Bank of America is shrinking before our very eyes. After more than three years at the top, Bank of America is...

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

Posted 01.01.2012 | Business

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...

Freddie Protecting Banks, Not Taxpayers

Peter S. Goodman | Posted 11.27.2011 | Business
Peter S. Goodman

For many months, people concerned about the anemic American economy have focused on the housing market, and the reality that many of the nation's home...

SEC Nears Settlement With Fannie Mae, Freddie Mac Over Subprime Loans

Posted 11.09.2011 | Business

Regulators are close to an agreement with Fannie Mae and Freddie Mac to settle a case over disclosing their exposure to risky subprime loans, The New ...

Isn't It a Little Bizarre That the Government Is Suing the Banks?

Judge H. Lee Sarokin | Posted 11.04.2011 | Politics
Judge H. Lee Sarokin

How can we give the banks scads of money one day to remedy their wrongdoing, and then sue them the next for the same wrongdoing?

S&P Considers Ranking Subprime-Backed Securities Above U.S. Government

The Huffington Post | Alexander Eichler | Posted 10.31.2011 | Business

Though the credit rating agency Standard & Poor's no longer believes the United States merits a top triple-A rating, it is prepared to put its stamp o...

$125 Million Subprime Lending Settlement Will Benefit Massachusetts Homeowners | Posted 10.09.2011 | Black Voices

Thousands of black and Latino homeowners in Massachusetts will likely save money under a $125 million subprime lending settlement with a subsidiary of...

Shahien Nasiripour

Wells Fargo Target Of Justice Department Probe; Agency Alleges Discriminatory Lending | Shahien Nasiripour | Posted 09.25.2011 | Business

WASHINGTON -- The Department of Justice is preparing a lawsuit against Wells Fargo, the nation's largest home mortgage lender, for allegedly preying u...

Subprime Lending Is Back, Thanks To Private Firms

The Huffington Post | Alexander Eichler | Posted 09.11.2011 | Business

Subprime borrowers have been largely unwelcome in the lending market since the financial crisis, but it's becoming easier for them to get a home loan....

Matt Taibbi: Goldman Could Achieve 'Corrupt-Enterprise Nirvana'

Rolling Stone | MATT TAIBBI | Posted 07.11.2011 | Business

They weren't murderers or anything; they had merely stolen more money than most people can rationally conceive of, from their own customers, in a few ...

Zach Carter

Senators Back Delay In Crackdown On Fees That Yield Billions For Banks | Zach Carter | Posted 05.25.2011 | Politics

WASHINGTON -- On Tuesday, a group of nine senators led by Montana Democrat Jon Tester put their names behind legislation to delay the Federal Reserve'...

SEC: Ex-Fannie Mae CEO May Have Misled Investors On Subprimes

Reuters | Posted 05.25.2011 | Business

(Reuters) - Daniel Mudd, the former CEO of government-sponsored mortgage firm Fannie Mae, has received notice from U.S. regulators that he may face cl...