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Subprime Loans

Zach Carter

Republicans Demand More Lousy Loans For Black People

HuffingtonPost.com | 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 | Books
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...

Barclays To Pay MILLIONS To Settle Subprime Loan Allegations

AP | Posted 09.09.2013 | Business

BOSTON -- Massachusetts Attorney General Martha Coakley says Barclays Bank PLC has agreed to pay $36.1 million to settle allegations it backed subprim...

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...

House Committee Finds No Ethic Breaches In Controversial Loans

AP | LARRY MARGASAK | Posted 02.26.2013 | Politics

WASHINGTON — The House Ethics Committee said Thursday it found no violations among House members whose mortgage loans went through the VIP secti...

Dude, Here's Your Car

AP | DEE-ANN DURBIN | Posted 07.20.2012 | Money

DETROIT -- For car buyers seeking auto loans, happy days are here again. U.S. banks and auto finance companies are once again welcoming all kinds of ...

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

HuffingtonPost.com | 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 ...

Finance-Seer

Glenn C. Altschuler | Posted 06.10.2012 | Books
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

HuffingtonPost.com | 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 ...

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

Boston.com | 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

HuffingtonPost.com | 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

HuffingtonPost.com | 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 fac...

Multibillion-Dollar Settlement Of Mortgage Cases In The Works

Posted 05.25.2011 | Business

NEW YORK (By Jonathan Stempel) - The Obama administration is trying to push a settlement that could force the largest U.S. banks to pay for reduction...

More Auto Loans Going To Subprime Buyers

AP | DEE-ANN DURBIN | Posted 05.25.2011 | Business

DETROIT — Consumers with less than stellar credit are getting car loans again as lenders loosen their standards, and the trend is likely to cont...