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...
WASHINGTON — The House Ethics Committee said Thursday it found no violations among House members whose mortgage loans went through the VIP secti...
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 mortgage lenders have not gone away. They're just getting new tools in order to reach the poorest borrowers. The creditworthiness of Ameri...
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 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.
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...
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...
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...
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...
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 ...
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?
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...
Thousands of black and Latino homeowners in Massachusetts will likely save money under a $125 million subprime lending settlement with a subsidiary of...
WASHINGTON -- The Department of Justice is preparing a lawsuit against Wells Fargo, the nation's largest home mortgage lender, for allegedly preying u...
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....
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 ...
WASHINGTON -- On Tuesday, a group of nine senators led by Montana Democrat Jon Tester put their names behind legislation to delay the Federal Reserve'...
(Reuters) - Daniel Mudd, the former CEO of government-sponsored mortgage firm Fannie Mae, has received notice from U.S. regulators that he may fac...
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...
DETROIT — Consumers with less than stellar credit are getting car loans again as lenders loosen their standards, and the trend is likely to cont...
More banks failed in the United States this year than in any year since 1992, during the savings-and-loan crisis, according to the Federal Deposit Ins...
To combat mortgage and foreclosure fraud, we first need to understand the nature of the fraud. There are the small-potato schemes -- the loan modifica...
Given the current robosigning, document-backdating foreclosure crisis, it's worth thinking about what happens when fraud and recklessness go unchecked. Here it is in the words of Wall Street's finest.
Though Mozilo's company came late to the subprime party, its size and clout deepened the pain visited upon individual home owners and the entire financial system. So did he get off too easy?
