Subprime Lenders

Making Mediation Mandatory Before Families Lose Their Homes

Pedro Nava | Posted 10.22.2009 | Politics

Read More: Foreclosures, Mortgage Lenders, AB 1588, Home-Ownership, Loan Modification, Loan Mediation, Subprime Lenders, Loan Servicers, Banks, Assemblymember Pedro Nava, California, Pedro Nava, Financial Institutions, Nava, Politics News

Mediation is not a one-side concept -- lenders and servicers have every incentive to participate. So what is the better outcome? Foreclosure or a modification that encourage stability?

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Shady Subprime Lenders Creeping Into Federal Mortgage Program

Financial Week | Posted 02.12.2009 | Business

Read More: HUD Subprime Lenders, Federal Housing Authority Subprime Lenders, Subprime Lenders, Housing Crisis, Subprime Lenders FHA, Business News

The federal government is ill-equipped to stop the migration of predatory subprime lenders to the rapidly growing sector of U.S.-backed home loans, ra...

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Greed in the Economy: It's the Morality, Sinner

Jim Wallis | Posted 10.19.2008 | Business

Read More: Bear Stearns, Greed, Materialism, Investment Banks, Mortgage Backed Securities, Lehman Brothers, Fannie Mae, Business, Adjustable Rate Mortgages, Merrill Lynch, Aig, Freddie Mac, Wall Street, Subprime Lenders, Subprime Mortgage Crisis, Bible, Consumer Ethics, Sin, Housing, Ethics, Fannie Mae and Freddie Mac, James Carville, Capitalism, Economy, Religion, Lea, Business News

Our financial collapse is the fiscal consequence of the economic philosophy that markets are always good and government is always bad. But it is also the moral consequence of greed.

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Inquiry Assails Accounting Firm In Mortgage Lender's Fall

New York Times | VIKAS BAJAJ | Posted 04.03.2008 | Business

Read More: Subprime Crisis, New Century Financial, Subprime Lenders, KPMG, New Century Financial Inquiry, KPMG Inquiry, Business News

A sweeping five-month investigation into the collapse of one of the nation's largest subprime lenders points a finger at a possible new culprit in the...