SubprimeMortgages News

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Goldman Gives Democrats Momentum on Reform

(April 19) -- Every good political fight needs a villain. In its push to reform financial regulation, the Obama administration now has one in Goldman Sachs. Three days after the Securities and Exchange Commission accused Goldman of securities fraud linked to the financial crisis, the White House announced Monday that...

US Housing Markets Facing Epic Hangover, Study Says

(April 18) -- The housing crash that helped bring on the worst recession since the Great Depression will linger in the nation's hardest-hit real estate markets until 2025 -- or later. Nearly a full generation will pass before major metro areas in Arizona, California, Florida and Nevada return to the solid ground reached...

WaMu Raps Before Market Collapses: 'I Like Big Bucks'

(April 14) -- Sir Mix-A-Lot never could have predicted this. Two years before the 2008 collapse of Washington Mutual -- the biggest bank failure in U.S. history -- WaMu lenders at a retreat in Hawaii revamped the rapper's bawdy 1992 hit "Baby Got Back" into a banker-appropriate rap they titled "I Like Big Bucks." The...

Greenspan and the Economic Blame Game

(April 7) -- Who to blame and what to change? The tornado of economic arguments swirling around Washington these days addresses both failures that led to the recent financial crisis and the legislating of new rules aimed at preventing the next one. It shouldn't be surprising that a dominant player in all things economic...

Wall Street Reform Turns to Main Street, Maybe

(March 2) -- Who's looking out for the little guy? During all the debate over government cures for the financial crisis, billions of dollars in bank bailouts and fiery finger-pointing at greedy executives and heedless regulators, questions about the plight of American consumers have largely gone unanswered. Repair to...

SubprimeMortgages News From AOL

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Citigroup to Pay $75 Million to Settle Subprime-Mortgages Complaint

Citigroup said Thursday it will pay $75 million to settle a federal complaint that it misled investors about its holdings of subprime mortgage investments that nearly collapsed the banking giant.

SubprimeMortgages News From the Web

04/20/11 Stark launches subprime-mortgage fund Source: The Business Journal - Milwaukee WI Stark Investments of St. Francis is preparing to begin making investments soon for a new hedge fund that would use credit-default swaps to short â or bet against â subprime mortgage-backed securities, according to Hedge Fund Alert.
10/21/10 Subprime-mortgage market revives with Investec issue Source: Moneyweb Three years after the securities were blamed for the worst financial crisis since the Great Depression.