Subprime Mortage Crisis

Bank Settlement: $25 Billion Down, $675 Billion to Go

Van Jones | Posted 04.11.2012

Read More: Foreclosures, Foreclosure Crisis, Mortgage Settlement, Robo-Signing, Mortgage Crisis, Foreclosure, Subprime Mortage Crisis, National Mortgage Settlement, Foreclosure Settlement, Politics News

We need a solution at the scale of the problem, so that families can get back on their feet, the economy can get working, and people can reach for their American dreams again instead of watching them drown.

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THE BIG LIE: How Ideologues Smeared Fannie Mae

New York Times | Posted 12.24.2011

Read More: Financial Crisis, New York Times, Subprime Mortage Crisis, Financial Crisis Freddie Mac, Financial Crisis Fannie Mac, Housing Crisis, Business News

So this is how the Big Lie works. You begin with a hypothesis that has a certain surface plausibility. You find an ally whose background suggests t...

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Two Sets of Rules: One For Goldman Sachs and One For the Rest of Us

Democracy Now! | Posted 08.02.2011

Read More: Democracy Now!, Financial Crisis, Goldman Sachs, Gretchen Morgenson, Subprime Mortage Crisis, Housing Crisis, Joseph Rosner, Business News

Today's announcement that Goldman Sachs received a subpoena from the Manhattan district attorney has left many wondering whether any top executives will face criminal prosecution for the company's role in causing the financial meltdown of 2008.

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New Consumer Agency Is Frightfully Necessary -- And Late

Elizabeth Warren | Posted 05.25.2011

Read More: Dodd-Frank Act, Foreclosure Paperwork, Check Cashing, Financial Services, Payday Lenders, Consumer Financial Protection Bureau, Robo-Signers, Financial Services Oversight Council, Mortgage Servicers, Financial Reform, Fort Lauderdale, Foreclosure, Subprime Mortage Crisis, Financial Regulation, Business News

Haphazard and possibly illegal practices at mortgage-servicing companies have called into question home foreclosures across the nation. The latest disclosures are deeply troubling.

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Fight Brewing Over the Best Law You've Never Heard of

Preeti Vissa | Posted 05.25.2011

Read More: Banking Crisis, Community Reinvestment Act, Cra, Subprime Mortgages, Subprime Mortage Crisis, Politics News

What if there was a law that told big corporations that they have responsibilities to the communities they serve? There is. It's called the Community Reinvestment Act and a fight over it's future is brewing in Congress.

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Fighting Loan Modification Scams

Antonio Villaraigosa | Posted 05.25.2011

Read More: Loan Modifications, Subprime Mortage Crisis, Antonio Villaraigosa, Los Angeles, Politics News

Today, I took a big step in helping homeowners to combat loan scams and foreclosure fraud, the start of NeighborWorks America's national campaign against loan modification scams.

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A New Paradigm for Homeownership: Honor the Renter

Jim Randel | Posted 05.25.2011

Read More: Investing, Housing Market, Homeowners, Subprime Mortage Crisis, Housing Crisis, Business News

Home ownership has been oversold to the point where renters may feel like second-class citizens. Or, stupid not to buy. Well today many renters are having the last laugh.

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A Reflection on Ayn Rand and Consumer Protection

Jim Randel | Posted 05.25.2011

Read More: Financial Crisis, Credit Crisis, Subprime Mortage Crisis, Corporate Greed, Capitalism, Ayn Rand, Business News

When corporations are doing what they should do -- maximize profits -- they have no vision for the consumer.

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Open Letter to My Mortgage Companies

Francine Hardaway | Posted 05.25.2011

Read More: Citibank, Crisis, Mortgage, Lehmann Brothers, Aurora Loan Services, Tarp, TARP Money, Money, Economy, Economic Crisis, Mortgage Crisis, Credit Crisis, Arizona, Credit Crunch, Subprime Mortgages, Lehman Brothers, Subprime Mortgage Crisis, Subprime Mortage Crisis, Business News

No, I don't want to move in with my daughters. I want to ask you to re-finance my mortgage at the current value of my house at a 4.2% rate, like everyone in Congress is suggesting.

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SEC Rules Don't Go Far Enough

Neil Baron | Posted 05.25.2011

Read More: Economic Downturn, Stocks, Money, Stock Market, Economic Reform, Economy, Home Values, Economic Crisis, Credit Crisis, Subprime Mortage Crisis, Capitalism, Securities and Exchange Commission, Subprime Loans, Business News

Credit ratings have an extraordinarily broad effect on our financial system -- witness their role in the subprime crisis.

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Goldman Cuts Corners By Depriving Junior Execs Of Flying Business Class

New York Post | Mark DeCambre with Zachery Kouwe | Posted 05.25.2011

Read More: Lloyd Blankfein, Goldman Sachs Perks, Goldman Sachs, Goldman Sachs Junior Executives, Goldman Sachs Cut Corners, Riches to Rags, Housing Crisis, Subprime Mortage Crisis, Goldman Sachs Bonuses, Business News

Goldman Sachs has been best of breed among its mortgage-mangled brethren, but even it is starting to feel the pinch of a slackening deal flow, which h...

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Looking For Mr. Goodnews

Fortune's Stanley Bing | Posted 05.25.2011

Read More: Citi Writedowns, Subprime Mortage Crisis, Credit Crunch, Credit Suisse, China, Inflation, Business News

Inflation in China is very high. It's hard to figure how that will benefit us, but on a list of things that come under the rubric "grim satisfaction,"...

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Who Benefits From The Subprime Crisis?

New York Times | Stephen J. Dubner | Posted 05.25.2011

Read More: U.S. Economy, Credit Crisis, Subprime Crisis, Subprime Mortage Crisis, Subprime Mortgages, Credit Crunch, Autonomy, Business News

The parties who are suffering from the subprime crisis are vast and varied, as well as in the newspapers every day. One reason the crisis has gotten s...

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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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