Subprime Loans

Latino Families' Fight for Banking Reform

Janet Murguía | Posted 11.04.2009 | Politics


Janet Murguía

One of the most devastating consequences of today's economic turmoil is the large-scale loss of nearly a generation of wealth among Latino homeowners.

ReThink Review: American Casino -- Gambling on Timebomb Loans

Jonathan Kim | Posted 11.20.2009 | Entertainment


Jonathan Kim

When you hear terms that sound very technical like "credit default swap" and "reverse redlining", it's easy for part of your brain to shut off. I was guilty of this myself.

Banks Should Face the Truth

Alan Schram | Posted 08.13.2009 | Business


Alan Schram

Is it possible that all that money spent is at best doing nothing more than delaying the inevitable, and at worst exacerbating the very problem it was meant to solve?

Subprime Resurfaces As Housing-Market Woe

Wall Street Journal | Posted 08.08.2009 | Business


The U.S. housing market is facing new downward pressure as holders of subprime-mortgage bonds flood the market with foreclosed homes at prices that ar...

Foreclosure Crisis Caused By Zero Money Down, Not Subprime Loans: Study

wsj.com | STAN LIEBOWITZ | Posted 08.03.2009 | Business


What is really behind the mushrooming rate of mortgage foreclosures since 2007? The evidence from a huge national database containing millions of indi...

Art Laffer Is Wrong on Inflation

Hale "Bonddad" Stewart | Posted 07.12.2009 | Business


Hale

Laffer's contention is not based in any current fact. Instead, it's based in his desire to get Republicans elected.

The Subprime 25: The Top 25 Lenders Responsible For Almost $1 Trillion Of Subprime Loans

Center for Public Integrity | Posted 06.05.2009 | Business


Today, the Center for Public Integrity releases the results of its investigation into the housing crisis, which showed that investment banks, some of ...

Subprime Swindlers Work A New Angle: Rescue Scams

Bloomberg News | Posted 04.28.2009 | Business


In early 2008, Cheryl Ann Montero, a California mortgage broker, held a series of free seminars in the clubhouse of the Lone Tree Golf Course in Contr...

The Two Documents Everyone Should Read to Better Understand the Crisis

William K. Black | Posted 03.28.2009 | Business


William K. Black

The FBI identified the epidemic of mortgage control fraud at such an early point that the financial crisis could have been averted had the Bush administration acted with even minimal competence.

We Need a Rehab Program for Spenders

Don McNay | Posted 02.24.2009 | Business


Don McNay

The nation's economic system has also gotten addicted to shopping.To turn the economy around, Americans need to find a spender's version of rehab.

SEC Rules Don't Go Far Enough

Neil Baron | Posted 02.13.2009 | Business


Neil Baron

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

Treasury to Promote Homeownership? Not so fast

Mark Winston Griffith | Posted 01.04.2009 | Business


Mark Winston Griffith

A version of this entry was posted on the DMI blog. It's remarkable how the Bush Administration keeps missing the mark on the mortgage and foreclosur...

How to Keep Americans in Their Homes

Diane Francis | Posted 11.11.2008 | Business


Diane Francis

Washington should undertake a massive, temporary buyout of residential real estate in order to save its economy from years of turmoil and credit crisis.

Wall Street Credit Crash Threatens To Tank U.S. Auto Industry

Diane Tucker | Posted 11.02.2008 | Home


Diane Tucker

"Every job lost on Wall Street impacts two-to-three jobs on the outside. By comparison, every job lost at an auto plant impacts nearly 10 jobs on the outside... We don't want to know what happens if the domestic auto industry gets away from us."

Precipitous fifteen-year drop in US car sales; Need one? You probably can't get one

Steve Parker | Posted 11.02.2008 | Business


Steve Parker

They say "start out bad news with a joke," so: In Peter Gent's "North Dallas Forty," a football coach is talking with the team owner's son about his f...

Conflicted Out - Fannie and Freddie Should Serve Just One Master

Sheila Tendy | Posted 09.16.2008 | Business


Sheila Tendy

Why are Fannie Mae and Freddie Mac, both government-sponsored and backed by taxpayer dollars, still publicly traded?

What Pelosi Doesn't Get About Persuasion

Kathleen Reardon | Posted 07.29.2008 | Politics


Kathleen Reardon

Berating women who are still supporting for vice president a candidate who won half the Democratic presidential nominee votes is not the way to persuade them to support Obama.

My Lesson Learned: Simple Tips To Prevent You from Losing Your Shirt

Sheila Tendy | Posted 08.17.2008 | Business


Sheila Tendy

Most sub-prime borrowers know the risk they are taking, but isn't the American dream about home ownership? Credit is the too-easy cure for the sub-prime borrower's eroded self-esteem.

Housing Prices May Still Go Lower

Washington Independent | Charles R. Morris | Posted 07.15.2008 | Business


Financial markets have finally internalized the brutal fact that house prices still have a long way to fall. The full-year price drop in 2007 was 8.5 ...

Matthew Tannin: Bear Stearns Former Manager Indicted In Mortgage Sweep

Brigitte Bradford | Posted 06.27.2008 | Business


Below is some information on Matthew Tannin, one of the two former Bear Stearns executives indicted today in the FBI's "Operation Malicious Mortgage."...

Ralph Cioffi: Bear Stearns Former Manager Indicted In Mortgage Crackdown

Brigitte Bradford | Posted 06.27.2008 | Business


Below is information on Ralph Cioffi, the former Bear Stearns manager, who was arrested on Thursday and charged with securities fraud and various cha...

Bear Stearns Executives Ralph Cioffi, Matthew Tannin Indicted... FBI Announces "Operation Malicious Mortgage"

AP | TOM HAYS | Posted 06.27.2008 | Business


Two former Bear Stearns managers have been arrested, federal authorities said Thursday, becoming the first executives to face criminal charges in the ...

What About Main Street?

Washington Independent | Mary Kane | Posted 04.03.2008 | Business


Now that JPMorganChase has raised its bid for Bear Stearns, angry shareholders seemed to have calmed down and Wall Street isn't as worried that the in...

Everything You Wanted To Know About The Credit Crunch (But Were Afraid To Ask)

New York TImes | David Leonhardt | Posted 03.28.2008 | Business


Raise your hand if you don't quite understand this whole financial crisis. It has been going on for seven months now, and many people probably feel a...

Bernanke Calls for More Mortgage Relief

AP | JEANNINE AVERSA | Posted 03.28.2008 | Business


WASHINGTON — Battling a dangerous wave of home foreclosures, Federal Reserve Chairman Ben Bernanke called Tuesday for additional relief and urge...