More...
 

Subprime Mortgage

Bank's Failure Shows Lapses By Regulators

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

Read More: Ocala National Bank, Fdic, Huffpost Investigative Fund, Financial Reform, Regulation, Mortgage Crisis, Huffington Post Investigative Fund, Predatory Lending, Financial Crisis, Ocala National, Housing Crisis, Florida, Development, Subprime Mortgage, Wall Street, Business News

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 ...

Read Whole Story

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

Huffington Post | Carlos Cagin | Posted 12.06.2009 | Business

Read More: Fdic, Slidehuge, Homes, Slidepoll, Cheapest Homes, Real Estate, Housing Crisis, Cheap Homes, Failed Banks, Home Prices, Cleveland, Subprime Mortgage Crisis, Detroit, FDIC Real Estate Sales, Foreclosure, Michigan, Subprime Mortgage, Business News

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

Read Whole Story

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

McClatchy | Greg Gordon | Posted 11.01.2009 | Business

Read More: Foreclosures, Paulson, Regulation, Recession, Obama, Reform, Lloyd Blankfein, Mortgage Related Swaps, Mortgages, Goldman Sachs, Aig, Mississippi, Bailout, Predatory Lending, Securities Act of 1933, Blankfein, Hank Paulson, Foreclosure, Housing Crisis, Goldman Sachs Mortgage, Real Estate, Wall Street, Tax Havens, Housing Market, Blue Chips, Calpers, Derivatives, Moody's, Offshore, Tim Geithner, High Yield Bonds, Hedges, Barack Obama, Nyse, Cayman Islands, Banks, Sec, Subprime Mortgage, Economy, Business News

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...

Read Whole Story

Shahien Nasiripour

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

HuffingtonPost.com | Shahien Nasiripour | Posted 10.06.2009 | Business

Read More: National Consumer Law Center, Subprime Mortgage Market, Mortgages, Reverse Mortgages Elderly, Reverse Mortgages, Subprime Mortgage, Business News

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

Read Whole Story

Realities of the Economic Crisis

Michael de Portu | Posted 05.21.2009 | Business

Read More: Credit Swaps, Derivative Guarantees, Sheldon Filger, Goldman Sachs, Economy, Enron, Nouriel Roubini, Financial Crisis, Fannie and Freddie, Bernie Madoff, Subprime Mortgage, Merill Lynch, Recession, Financial Fraud, Mortgage Crisis, Business News
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.

Read Post

Predatory Lending Gets a Boost from the NYT

Tram Nguyen | Posted 12.22.2008 | Business

Read More: Financial Crisis, Payday Lending, Economy, Nix Check Cashing, Nix/Kinecta, New York Times, Payday Loans, Kinecta Federal Credit Union, New York Times Profile, Subprime Mortgage, Business News
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.

Read Post

Tales of the Subprime: Troubled Asset on a Bender

Karen Dalton-Beninato | Posted 10.25.2008 | Chicago

Read More: John Mccain Debate, Sarah Palin Debate, Subprime Mortgage Crisis, George Bush Speech, Troubled Asset, George Bush, Chicago Mayor Richard Daley, John McCain, John McCain Wall Street Crisis, John McCain David Letterman, Sarah Palin, Subprime Morgage Crisis, Subprime Mortgage, Chicago News
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 ...

Read Post

She's Clueless, He's Worse

Robert Scheer | Posted 10.10.2008 | Politics

Read More: Freddie Mac, Robert Scheer, Economy, Sarah Palin, Pornography of Power, Obama, Subprime Mortgage, John McCain, Fannie Mae, President, Ponzi Scheme, Politics News
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?

Read Post