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News tagged with “subprime mortgage”. Found: 84 tagged news reports.
 

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Binghamton :: NY :: USA | 13 days ago

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06 pm Rodney Durham stopped working in 1991, declared bankruptcy and lives on Social Security . Nonetheless, Wells Fargo lent him $15,197 to buy a used Mitsubishi sedan...Mr. Durham's application said that he made $35,000 as a technician at Lourdes

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Ridgefield :: CT :: USA | 3 months ago

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Eick, a Ridgefield resident, responded in an interview that when he was employed as one of dozens of managing directors at RBS Greenwich Capital, he'd had no role in creating, or "structuring," the investment product that the SEC said was flawed by

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Sydney :: Australia | 3 months ago

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The Commonwealth Bank and NAB have helped the non-bank lender Pepper find investors for $500 million worth of so-called non-conforming home loans. It has happened despite warnings from the Reserve Bank about the risks of banks loosening their lending

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New York City :: NY :: USA | 5 months 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 | 6 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 | 8 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 | 8 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 | 11 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 | 11 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 | 1 year 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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