Tags » Mortgage Crisis

Donald Trump's Wall Street Scam

The Associated Press ran a story recently about Teena Colebrook.  Ms. Colebrook owned a triplex in Los Angeles before the crash in 2008.  When the crash hit she lost two of her renters and she got behind on her mortgage.  328 more words

Politics

RBS To Pay $1.1 Billion to U.S. Regulator Over Claims it Mis-sold Mortgage Bonds

(New York) – Royal Bank of Scotland Group Plc will pay $1.1 billion to resolve claims that it sold toxic mortgage-backed securities to credit unions that later failed, the U.S. 30 more words

Business

RBS To Pay $1.1 Billion to U.S. Regulator Over Claims it Mis-sold Mortgage Bonds

(New York) – Royal Bank of Scotland Group Plc will pay $1.1 billion to resolve claims that it sold toxic mortgage-backed securities to credit unions that later failed, the U.S. 30 more words

Business

RBS to Pay $1.1 Billion to U.S. Regulator Over Claims it Missold Mortgage Bonds

(New York) – Royal Bank of Scotland Group Plc will pay $1.1 billion to resolve claims that it sold toxic mortgage-backed securities to credit unions that later failed, the U.S. 336 more words

House Flipping Is at a 6-Year High

This piece originally appeared on Money.com.

House flipping. the practice where the same home is sold twice in a 12-month period, is at a six-year high, according to data from… 249 more words

Luxury

Millions of American Homeowners Are Still Reeling From the Housing Crisis

It’s been five years since America’s housing crisis officially ended, but nearly six million American homeowners still underwater on their mortgages, a new report finds. 203 more words

Pubdesk

Take a Load Off Fannie - Salvaging the Mortgage Giants Without Bankrupting the Taxpayers

Fannie Mae and Freddie Mac own or guarantee nearly half the $12 trillion U.S. mortgage market. Not long ago, they were the darlings of Wall Street, ranking next to U.S. 2,560 more words