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Subprime Mortgage Loans - Politics, Business, Civil, History - Posted: 20th Feb, 2008 - 2:09am
Posts: 9 - Views: 3458
Post Date: 28th Mar, 2007 - 10:48am / Post ID: #
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Subprime Mortgage Loans
SUBPRIME LOSSES LEAD TO DROP IN HOME OWNERSHIP
About 2.4 million holders of subprime mortgage loans made between 1998 and 2006 will lose their properties to foreclosure, according to a report from the Center for Responsible Lending, a non-profit policy and advocacy organization for home owners.
Ref. money.cnn.com/2007/03/27/real_estate/subprime_losses_spike/index.htm
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What is going on in the USA? I thought the US was THE place to afford a home and pay for it, or is it that the US citizenry are spending badly and then saying, "Oppsss we forgot to pay the mortgage?"
| QUOTE |
| Subprime Lending Crisis: Millions of Families Face Losing Their Homes to Foreclosure Subprime loans have led to one million American families losing their homes in the past decade, a new study by the Center for Responsible Lending has found. In the last ten years, the subprime loan industry has emerged as a major, and controversial, player in the housing market. We speak with an attorney at the Center for Responsible Lending. Ref. www.democracynow.org/article.pl?sid=07/04/04/1343214 |
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Post Date: 21st Sep, 2007 - 11:29am / Post ID: #
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Loans Mortgage Subprime
Mortgage woes 'exceed forecasts'
US sub-prime mortgage losses exceed "the most pessimistic estimates", the Federal Reserve's Ben Bernanke says.
Ref. https://news.bbc.co.uk/1/hi/business/7004923.stm
Post Date: 6th Oct, 2007 - 1:19pm / Post ID: #
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Loans Mortgage Subprime
FDIC TO MORTGAGE SERVICERS: FREEZE ARM RATES
The heat on U.S. mortgage lenders and servicers was turned up a few degrees this week when the country's chief bank regulator publicly proposed that they permanently freeze interest rates on subprime adjustable-rate mortgages (ARMs) for many homeowners.
Ref. https://money.cnn.com/2007/10/05/real_estat...reeze/index.htm
Post Date: 18th Jan, 2008 - 10:38pm / Post ID: #
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Subprime Mortgage Loans
Report: Subprime Mortgage Crisis Causing African Americans to Experience Greatest Loss of Wealth in Modern U.S. History
A startling new report has predicted the subprime mortgage crisis will cause people of color to lose up to $213 billion, leading to the greatest loss of wealth in modern U.S. history. The figure appears in a new report from United for a Fair Economy called 'Foreclosed: The State of the Dream 2008.' The group accuses mortgage lenders of deliberately targeting the poor and people of color with high-cost loans. We speak with Dedrick Muhammad, co-author of the report.
Ref. https://www.democracynow.org/2008/1/17/repo...mortgage_crisis
Post Date: 30th Jan, 2008 - 8:58pm / Post ID: #
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Subprime Mortgage Loans
FBI investigates sub-prime crisis
The FBI probes 14 firms embroiled in the sub-prime mortgage crisis as it cracks down on improper lending.
Ref. https://news.bbc.co.uk/1/hi/business/7216602.stm
Post Date: 20th Feb, 2008 - 2:09am / Post ID: #
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Subprime Mortgage Loans Politics Business Civil & History
Subprime Lawsuits Already Outpacing S&L Litigation
Even as the stock prices of investment banks began to fall and foreclosures started to rise, everyone knew what was coming next. Lawsuits! So a study released by Navigant Consulting Inc. last week was hardly a shock. The study shows that the number of subprime mortgage-related lawsuits filed in federal courts in the last few months have already outstripped the number of savings and loan (S&L) suits in the early 1990s.
Ref. https://www.mortgagenewsdaily.com/NewsAlert...sid=1833&ah=415
TOPIC: Subprime Mortgage Loans