Tags » Mortgage Crisis

We are all victims of the subprime lending crisis

As the housing market boom began to fizzle in 2007, the devastation made way for the Great Recession. 2007-2009 saw dramatic decreases in home purchases, as much as 20% at times. 567 more words

Foreclosure

Subprime Predators-How greedy executives took advantage risky borrowers

Picture this, if you will. You are a high school graduate who has worked your way through junior college while working full-time at a home improvement store. 461 more words

Foreclosure

The Great Recession and Subprime Loans

The Great Recession (2007-2012) was a financial crisis that caused the entire world economy to come to a screeching halt (Cushman, 2015). When it was all said and done, the common question amongst many United States leaders was “how did we end up here?” Economists blame the problem on a general lack of ethics within the business community (Gilbert, 2011). 372 more words

Foreclosure

Illinois Receives Some Dough From the Mortgage Crisis

David Hochberg of Townstone Financial gives some insight to Roe Conn about the recent announcement from Illinois, Attorney General, Lisa Madigan that gives the state of Illinois a bit of extra cash from a settlement from the mortgage crisis in the late 2000’s. 10 more words

Roe Conn

Illinois To Receive Nearly $53M Share Of S&P settlement

CHICAGO (AP) – Illinois will receive a $52.5 million share of a multi-state settlement with Standard & Poor’s over allegations that the credit ratings agency knowingly inflated ratings of risky mortgage investments that sparked the financial crisis of 2008, Attorney General Lisa Madigan announced Tuesday. 352 more words

News

Elizabeth Warren gets behind Kamala Harris for Calif. Senate

Sen. Elizabeth Warren wasted no time getting behind Kamala Harris for the U.S. Senate.

The Massachusetts Democrat sent her supporters a fundraising appeal for Harris on Wednesday, a day after the California… 258 more words

Senate

Something about learning nothing from history

It’s incredibly cliché, but the truth of it can’t be argued: what we learn from history is that we don’t learn from history… or something to that effect. 829 more words

Oil