Subprime Mortgage

Bank's Failure Shows Lapses By Regulators

Huffington Post Investigative Fund | Keith Epstein | Posted 12.14.2009 | Business


Even by the distorted standards of the national housing bubble, north central Florida was a hot market. Between 2004 and 2006 new houses and property ...

FDIC Fire Sale! 11 Homes For Under $10,000 (PHOTOS)

Huffington Post | Carlos Cagin | Posted 12.06.2009 | Business


Need a cheap home? Just call the FDIC. During the housing crisis, the Federal Deposit Insurance Company took over thousands of failed banks' soure...

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

McClatchy | Greg Gordon | Posted 11.01.2009 | Business


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...

Shahien Nasiripour

Reverse Mortgages Are "Subprime Revisited," Says Consumer Law Group

HuffingtonPost.com | Shahien Nasiripour | Posted 10.06.2009 | Business


Many of the now-discredited practices that enabled the subprime mortgage market to boom and then bust have reappeared in the reverse mortgage business...

Realities of the Economic Crisis

Michael de Portu | Posted 05.21.2009 | Business


Michael de Portu

Financial fraud typically takes a long time to detect and yet, paradoxically, the tell-tale signs are (almost) always in plain sight.

Predatory Lending Gets a Boost from the NYT

Tram Nguyen | Posted 12.22.2008 | Business


Tram Nguyen

After the Pentagon documented the adverse impact of predatory lending on military personnel, Congress prohibited payday lenders from making loans to active duty service members.

Tales of the Subprime: Troubled Asset on a Bender

Karen Dalton-Beninato | Posted 10.25.2008 | Chicago


Karen Dalton-Beninato

"Can I see some ID?" "Don't have any," said the faded manila folder listing toward a bottle of Jack Daniels. "Proof of income?" the bartender asked ...

She's Clueless, He's Worse

Robert Scheer | Posted 10.10.2008 | Politics


Robert Scheer

Ignorance is bliss, which perhaps explains Gov. Sarah Palin being so confidently wrong about the root cause of the federalization of most of the nation's mortgage market. But what is McCain's excuse?