News tagged with “subprime mortgage”. Found:
24 tagged news reports.
Your Search Returned 24 tagged news reports
Bear Stearns charges 'ridiculous'
New York City :: NY :: USA | about 1 month ago
Credibility
Mr Cioffi is on trial in New York with his former colleague Matthew Tannin. They deny securities fraud, wire fraud and conspiracy charges relating to the collapse of two funds...But prosecutors argue the two lied to investors to protect their bonuses...
Tags: fund managers, Matthew Tannin, hedge fund, Bear Stearns, Ralph Cioffi, stearns hedge, wall street, subprime mortgage, Mr Cioffi, criminally cases
Reverse mortgages or reversal of fortunes?
Jefferson City :: MO :: USA | about 1 month ago
Credibility Senior citizens who turn to reverse mortgages as a way to raise cash in their retirement years are at risk of being taken advantage of, and taxpayers ultimately could end up footing the bill, according to a report released yesterday by the National Consumer...
Tags: reversal mortgage, National Consumer Law Center, subprime mortgage, seniors citizens, Claire McCaskill, mortgage lenders
Who's to blame for the mortgage crisis?
New York City :: NY :: USA | 2 months ago
Credibility As the wife-and-husband investigative team Leslie and Andrew Cockburn suggest in their new documentary, "American Casino," nobody fully understands it: Not the bankers and brokers who sold subprime mortgages (often using deceptive tactics or disingenuous...
Feds hunt fugitive broker
Brooklyn :: OH :: USA | 5 months ago
Credibility A former Wall Street broker facing criminal charges linked to the subprime mortgage meltdown has become the target of an international manhunt, federal authorities said Friday. Prosecutors notified a judge overseeing the case that Julian Tzolov disappeared...
Tags: Suisse Broker Julian Tzolov, subprime mortgage, Brooklyn, federal authorities, U.S
Massachusetts, Goldman Sachs settle on subprime
Boston :: MA :: USA | 6 months ago
Credibility The settlement follows an investigation into the role of investment banks in the securitization and origination of mortgages and includes "both a monetary payment and extensive relief to homeowners," the attorney general's office said in a statement.
Tags: Goldman Sachs Group Inc., Massachusetts AG, Martha Coakley, attorney general, investments banks, massachusetts attorney, million payments, subprime mortgage
Nuns sue bank over subprime investment
Dubuque :: IA :: USA | 7 months ago
Credibility Nuns from an order based in Iowa have sued a Boston bank, claiming that they were duped into investing $1 million in the subprime mortgage market. The lawsuit against the State Street Bank and Trust was filed in federal court in New York City, New York's...
Tags: subprime mortgage, virgin mary, Iowa
NAACP sues lenders over subprime mortages
Washington :: DC :: USA | 8 months ago
Credibility Jealous said the group wants "transparency." "We want to see the books," he added. "We are not seeking damages; we just want them to fix the problem."...Kate Durham said the company does not comment on litigation, but she said, "We stand by our lending...
Tags: Wells Fargo, NAACP, subprime mortgage
Versace eyes Asia to help ride out...
Beijing :: China | about 1 year ago
Credibility Luxury Italian fashion house Versace expects that strong demand from a still resilient Asia will help it ride out the current global economic turmoil, its CEO said on Wednesday. Chief Executive Giancarlo Di Risio told reporters in Beijing he expected...
Tags: Beijing, China, subprime mortgage, Asia
Countrywide borrowers bailed out
San Diego :: CA :: USA | about 1 year ago
Credibility That's good news for Deborah Fizer, a 59-year-old nurse from Chicago's South Side. Fizer bought a $480,000 home in 2006. The rate on the mortgage was more than 10 percent, but her lender, a company called Argent that has since been bought out by Citigroup,...
Tags: Countrywide Financial Corp., attorney general, mortgage lenders, subprime mortgage
Problems found at ratings firms
Washington :: DC :: USA | about 1 year ago
Credibility The US financial regulator, the SEC, found that the firms, which rate investments, had broken its rules. It began looking into their work after they gave positive ratings to sub-prime related investment products whose value later slumped...In breach of...
Tags: SEC, rating agency, rating firms, Securities and Exchange Commission, subprime mortgage, credit rating, credit raters
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