January 26, 2012 – 10:18 am
We watched predatory lending, and watched the mortgage crisis build. Most people did not realize financial folly would lead to a crisis of great proportion, but we did. Here at Mortgage Crisis Daily we documented abuses and changes to laws that permitted abuse in mortgage and lending.
January 10, 2012 – 4:42 pm
We are starting a segment that looks at where major subprime mortgage players are today. With many of them it is easy because they don’t exist any more. I know you’ve seen television, Internet, and newpaper ads for Ally Financial, which used to GMAC.
January 10, 2012 – 10:02 am
Eighteen hours ago, as I write this article, CBS News confirmed what our staff writers have known for years. The subprime mortgage crisis was caused by greed and economic incentives that outweighed potential fines. Then there were the fraud investigation cover-ups.
January 5, 2012 – 7:06 pm
It was the summer of 2007. We waited for mortgage lending to explode (or implode). If you recall, Bear Sterns had problems that shocked everyone, HSBC announced the first subprime mortgage losses, and Lehman Brothers said Lehman was not associated or affiliated with subprime borrowers.
Posted in Archives
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Tagged America, Bank of America, Barclays, Bear Sterns, Countrywide, Countrywide Financial, Fannie Mae, Freddie Mac, HSBC, Lehman Brothers, USD
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December 23, 2011 – 12:59 pm
Those on active duty did not survive Somalia, Saudi Arabia, Lebanon Bosnia, Kosovo, Afghanistan, Haiti, and Panama, only to be attacked financially. In fact some of the kids did not survive, and are no longer with us.
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