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News tagged with “subprime mortgage”. Found: 81 tagged news reports.
 

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New York City :: NY :: USA | 1 month ago

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Plus, Chuck Jaffe on a warning to some users to stop trading bitcoins. And what you need to know before deciding to move to a vacation locale...Bitcoin: Boom and Bust The rise of bitcoin has triggered a lively debate over the risks and rewards of

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Des Moines :: IA :: USA | 2 months ago

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Wells Fargo & Co , the largest U.S. mortgage lender, is tiptoeing back into subprime home loans again. The bank is looking for opportunities to stem its revenue decline as overall mortgage lending volume plunges. It believes it has worked through

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Singapore :: Singapore | 4 months ago

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Ally Financial Inc. for $900 million, the auto maker said Thursday, officially severing ownership ties with its former lending subsidiary...The sale comes as the U.S. government is considering its options for unloading its majority stake in Ally,

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New York City :: NY :: USA | 4 months ago

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Banks want nothing to do with subprime mortgages, which nearly brought down the U.S. economy. But private firms are filling that void, rebranding loans to borrowers with poor credit as sane subprime and smart nonprime, and pitching them to wealthy

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New York City :: NY :: USA | 7 months ago

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ET Standard & Poor's says Attorney General Eric Holder's Justice Department is suing the agency because it downgraded the U.S...Standard & Poor's is arguing in a court filing that it is being sued by the Justice Department in retaliation for the firm'

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New York City :: NY :: USA | 8 months ago

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Securities and Exchange Commission sued BofA for alleged securities fraud. The DOJ and SEC accused the bank of defrauding investors when it sold $850million in mortgaged-backed securities in 2008 without informing them of the risks of default. The

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Washington :: DC :: USA | 9 months ago

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According to Khadeeja Safdar of The Wall Street Journal, deficiency in simple mathematics skills could have led to the rash of defaults that ushered in the 2008 financial collapse [...] The National Academy of Science has published a study that links

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San Francisco :: CA :: USA | 10 months ago

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Subprime mortgage lending aside, perhaps we could have avoided 2008's widespread housing crisis if only homeowners had paid a little more attention during math class.  That's the case made in a new study by a trio of Princeton University researchers,

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Temecula :: CA :: USA | 12 months ago

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Los Angeles Times Michele and Russell Poland's credit was shot, but they managed to buy their suburban dream home anyway...The Polands paid nearly $10,000 in upfront fees for the privilege of securing a mortgage at 10.9 percent interest. And they had

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New York City :: NY :: USA | 12 months ago

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Credit ratings agencies Moody's and Standard & Poor's, and investment bank Morgan Stanley have reached agreements to settle two lawsuits on accusations that they hid the risk of "subprime" mortgage investments to customers. The lawsuits, one from

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