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Predatory Lending

Goldman Sachs CEO Lloyd Blankfein: "I'm Doing God's Work."

Times Online | John Arlidge | Posted 11.07.2009 | Business

Read More: Timothy Geithner, Goldman Sachs, Economy, Derivatives, Bailouts, Black Pools, Regulation, Credit Default Swaps, George Bush, Lloyd Blankfein, Policy, Goldman, London, Tim Geithner, Recession, Mortgage Crisis, Ben Bernanke, Henry Paulson, The City, Bailout, Barack Obama, Predatory Lending, Blankfein, Banks, Hank Paulson, Bonuses, Wall Street, Executive Pay, Business News

Goldman's reputation is suddenly as toxic as the credit default swaps and other inexplicably exotic financial instruments it used to buy with glee. Th...

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The Secrets To Goldman Sachs' Success: Contrary Bets, Predatory Lending, Government Connections, Offshore Tax Havens

McClatchy | Greg Gordon | Posted 11.01.2009 | Business

Read More: Foreclosures, Paulson, Regulation, Recession, Obama, Reform, Lloyd Blankfein, Mortgage Related Swaps, Mortgages, Goldman Sachs, Aig, Mississippi, Bailout, Predatory Lending, Securities Act of 1933, Blankfein, Hank Paulson, Foreclosure, Housing Crisis, Goldman Sachs Mortgage, Real Estate, Wall Street, Tax Havens, Housing Market, Blue Chips, Calpers, Derivatives, Moody's, Offshore, Tim Geithner, High Yield Bonds, Hedges, Barack Obama, Nyse, Cayman Islands, Banks, Sec, Subprime Mortgage, Economy, Business News

WASHINGTON -- In 2006 and 2007, Goldman Sachs Group peddled more than $40 billion in securities backed by at least 200,000 risky home mortgages, but n...

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Washington Mutual: How The Bank Turned Predatory

Business & Technology | David Heath | Posted 10.26.2009 | Business

Read More: Option Arms, Predatory Lending, Washington Mutual, Kerry Killinger, Adjustable-Rate Mortgages, Mortgage Crisis, Business News

(David Heath is now the Senior Investigative Reporter at the Huffington Post Investigative Fund) For decades, Washington Mutual lived up to its ima...

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Shahien Nasiripour

In Housing Crisis Report, Civil Rights Commission Fails To Investigate Civil Rights Violations

HuffingtonPost.com | Shahien Nasiripour | Posted 10.08.2009 | Business

Read More: U.S. Commission on Civil Rights, Predatory Lending, Civil Rights Commission, Financial Crisis, Housing Crisis, Conservatives Housing Crisis, Blame for Housing Crisis, Business News

Who's to blame for the housing crisis? Some conservative Republicans say it was minorities and the poor -- and the liberal government programs that en...

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STUDY: Bush Administration Added To Crisis By Preempting State Anti-Predatory Lending Laws

Posted 10.07.2009 | Business

Read More: Anti-Predatory Lending Laws, Mortgages, Bush Administration, Keiko Tsuyama, Predatory Lending, Housing Boom, Mortgage Crisis, Business News

A new report suggests that the the Bush administration's hard push to preempt state anti-predatory lending laws may have added fuel to the fire of the...

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Homeowners: The War Games Have Begun

Iris Martin | Posted 11.11.2009 | Business

Read More: Predatory Lending Lawsuits, Court, Debt, Judges, Bobby Flay, War, Mortgage Crisis, Homeowners, Barack Obama, Obama Administration, Mortgage Audit, Securitization, Subprime Mortgages, Loan Modifications, Predatory Lending, Federal Government, Banks, Foreclosure, Iattorneys, Mortgage Wars, Business News
Iris Martin

Now it's time for the predatory lenders, brokers and foreclosure consultants to sweat. Here is the skinny on what to do and not do in your own mortgage war.

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I See No Bailout

Angie Cordeiro | Posted 09.11.2009 | Business

Read More: Wells Fargo Bank, Unemployment Rate, Neighborhoods, Wells Fargo, Naacp, Obama Campaign, Home Foreclosures, Predatory Lending, Unemployment, Poor Neighborhoods, Homelessness, Predatory Lending Practices, Foreclosure, Refinance, Unemployment Statistics, Business News
Angie Cordeiro

Wells Fargo made a mistake and has received over $25 billion dollars to correct it. Dollars that the bank said would be used to help stop foreclosures... I see no bailout.

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Banks Still Cheating People Out of Their Homes

Mike Elk | Posted 09.05.2009 | Business

Read More: Evan Bayh, Loan Modifications, Predatory Lending, Making Home Affordable, Wall Street, Campaign Contributions, Lobbyists, Dick Durbin, Blue Dogs, Home Affordable Modification, Max Baucus, Foreclosure, Center for American Progress, Cramdown, Business News
Mike Elk

We can't allow Wall Street to go on cheating people out of the most important possession of their lives -- their home.

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Supreme Court Allows State Enforcement of Fair Lending Laws Against National Banks

Emma Coleman Jordan | Posted 07.30.2009 | Business

Read More: Discrimination, Consumers, Predatory Lending, Subprime Mortgages, Subprime Mortgage Crisis, Foreclosure News, Business News
Emma Coleman Jordan

Justice Scalia, writing for the Court in a 5-4 decision, held that judicial enforcement of state laws was not preempted by a regulation issued by the Comptroller of the Currency.

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Wells Fargo Gave Subprime Loans To Wealthy Blacks More Often Than To Poorer Whites: Chicago Reporter

Chicago Reporter | Posted 07.25.2009 | Chicago

Read More: Racism, Wells Fargo Subprime Mortgages, Predatory Lending, Subprime Mortgages, Wells Fargo, Chicago News

Wells Fargo gave high-cost, subprime loans more often to its highest-earning African-American borrowers in Baltimore and Chicago than to its lowest-ea...

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The Good, the Bad, the Ugly: Financial Sector Regulation

Robert Weissman | Posted 07.18.2009 | Business

Read More: Derivative, Executive Compensation, Mortgage, Wall Street, Predatory Lending, Financial Crisis, Leverage, Consumer Protection, Executive Pay, Cramdown, Financial Regulation, Campaign Finance, Glass-Steagall, Foreclosure News, Business News
Robert Weissman

There's no question that Wall Street is going to mobilize -- is already mobilized -- to defeat the administration's positive proposals.

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Online Lenders Fight Regulation (VIDEO)

David Murdock | Posted 07.03.2009 | Politics

Read More: Interest Rate Cap, Lisa McGreevy, Greed, Payday Loan, Predatory Lending, Payday Lending, Fraud, Online Loan Sharks, 36% Interest Rate Cap, Online Lending Alliance, Dick Durbin, Northway Financial, Chris Dodd, 36%, Durbin, Joe Baca, Video, Politics News
David Murdock

Payday loan offices were sprouting up in strip malls across America for years before Wall Street collapsed last fall -- quiet evidence that hard times began hitting working families long ago.

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A Tale of Two Contracts

Rachel Natelson | Posted 06.26.2009 | Politics

Read More: New York City Department of Education, College Student Credit Cards, Predatory Lending, Military, Credit CARD Act, No Child Left Behind, Military Enlistment, Military Recruiting, Credit Cards, No Child Left Behind Reauthorization, Politics News
Rachel Natelson

While "tangible inducements" to minors may now be a forbidden tactic in credit card marketing, military recruiters continue to ply students with key chains, hats, and t-shirts in pursuit of their goals.

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Stop the Next American Nightmare

Seth Freed Wessler | Posted 06.18.2009 | Politics

Read More: Community Reinvestment Act, Predatory Lending, People of Color, Subprime Mortgage Crisis, Economy, Detroit, New York Times, Foreclosure, Economic Recovery, Financial Services Modernization Act, Race, New York City, Recession, Housing Crisis, Politics News
Seth Freed Wessler

We propose including racial impact assessment, a systematic review of potential racial impacts prior to the passage of new laws can help prevent the replication of long-standing and new forms of racial inequality.

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First Case Of Predatory Lending In Commercial Real Estate?

businessinsider.com | Joe Weisenthal | Posted 06.15.2009 | Business

Read More: Mortgage Crisis, Commercial Real Estate Crisis, Strip Mall Developer, Long Island, Commercial Real Estate, Predatory Lending, Business News

Is this the first official allegation of predatory lending in the commercial real estate space? A reader passes on a recently filed lawsuit brought...

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Ryan Grim

Predatory Lending Legislation On Hold In Senate: Dodd

HuffingtonPost.com | Ryan Grim | Posted 06.12.2009 | Politics

Read More: Dodd Predatory Lending, Predatory Lending Legislation, Chris Dodd, Predatory Lending, Politics News

Predatory lending legislation passed in the House last week will have to get in line in the Senate, Sen. Chris Dodd (D-Conn.) said Tuesday. "We'll ge...

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Time to Get Tough On Credit Card Companies

Sen. Chris Dodd | Posted 05.31.2009 | Politics

Read More: Consumer Confidence, Senate, Consumer Debt, Predatory Lending, Economy, Credit Card Accountability Responsibility and Disclosure Act, Chris Dodd, Credit Crisis, Credit Cards, Politics News
Sen. Chris Dodd

We have a once-in-a-generation opportunity to end the abusive and predatory practices of the credit card companies.

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Stop Wall Street Loan-Sharking

Sen. Bernie Sanders | Posted 04.14.2009 | Politics

Read More: Senate, Bernie Sanders, Credit Cards, Bailout, Predatory Lending, Loan Sharks, Predatory Loans, Politics News
Sen. Bernie Sanders

What Wall Street and credit card companies are doing is really not much different from what loan sharks do who make predatory loans. They are destroying people's lives.

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Taking On the Lending Industry: Obama's Grand Plans for Education

Madeleine M. Kunin | Posted 04.02.2009 | Politics

Read More: Education, Predatory Lending, Student Loans, Barack Obama, Obama 100 Days, President Obama, Obama Education, Recession, Politics News
Madeleine M. Kunin

When countries have successfully lifted themselves out of recessions, their investment in education has had the greatest impact. It's not a new idea.

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Time Rewrote History With "25 People to Blame for the Financial Crisis"

David Fiderer | Posted 05.19.2009 | Business

Read More: Bill Clinton, Phil Gramm, Predatory Lending, Hank Paulson, Time Magazine, Cnbc, Subprime Mortgage Crisis, Aig, Banks, Financial Crisis, Global Financial Crisis, Angelo Mozilo, Alan Greenspan, George Bush Legacy, Citigroup, Time's 25 People to Blame, Bailout Outrage, Business News
David Fiderer

Instead of pinpointing culpability among the key players, Time deflects blame away from Republicans and falsely implicates Democrats, to create a muddleheaded "plenty-of-blame-to-go-around" narrative.

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Republicans' 4% Mortgage "Stimulus" Is Latest Ponzi Scheme

Ronald B. Robinson | Posted 03.08.2009 | Politics

Read More: Fha, Depression, Melvin Oliver, Sec, Mitch McConnell, Housing, New Deal, Social Security, Black Wealth White Wealth, Stimulus, Black, Republican First Principles, Mortgage Crisis, Redlining, Eugencis, Wealth, Predatory Lending, African American, Loans, Ponzi Scheme, Construction, Subprime, Bernie Madoff, Rush Limbaugh, Obama, Media, Politics, Bailout, Economy, Race, White House, Financial Crisis, Bignews, Paulson, Foreclosure Crisis, Credit Score, Great Depression, Credit Rating Agencies, Freddie Mac, 4% Morgage, Fanie Mae, Politics News
Ronald B. Robinson

Does the Republican ploy to provide 4% home mortgages to boost the economy sound too good to be true? It is. Buyer Beware!

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Manhattan Institute: Wrong Again on Fair Lending

Mark Winston Griffith | Posted 01.12.2009 | Business

Read More: Cra, Government Bailout, Bailout, Predatory Lending, Community Reinvestment Act, Economy, Fair Lending, Housing Advocates, Manhattan Institute, Business News
Mark Winston Griffith

This entry is cross-posted on the DMI blog. n yesterday's New York Times, Howard Husock at the Manhattan Institute repeated the tired old argument th...

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The Failed Bailout: A Drop in the Bucket and Abusive to Renters

Shahid Buttar | Posted 11.01.2008 | Business

Read More: Economy, Bush Administration, Congress, Depression, Wall Street Bailout, Predatory Lending, Subprime Mortgages, Wall Street Crisis, Bailout, Paul Krugman, Conservatism, Iraq War Funding, Recession, Debt, Unemployment, Healthcare, hud.gov, Business News
Shahid Buttar

Beyond its uncertainty, the Administration also appears as disingenuous as it did on Iraq. Five years ago, officials cried wolf about weapons of mass destruction that were never found.

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How The Government Became A Predatory Lender

Wall Street Journal | Mark Maremont | Posted 07.29.2008 | Business

Read More: Fdic, Predatory Lending, FDIC Predatory Lending, Federal Deposit Insurance Corp, Superior Bank FSB, Banking Crisis, Lending Crisis, Failed Bank, Bank Bailout, Mortgage Crisis, Business News

Federal officials heap much of the blame for the subprime mortgage mess on lenders, claiming they recklessly made too many high-cost home loans to bor...

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Catching Predators is Good; Economic Justice is Better

Danny Schechter | Posted 07.01.2008 | Business

Read More: Economic Justice, Global Financial Crisis, Predatory Lending, Foreclosure, Fbi, Credit and Debt Complex, Mortgages, Business News
Danny Schechter

Consider the word, "predator." My online dictionary offers two meanings, one for the animal world and one for ours.

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