Tags » Mortgage Crisis

New Crime Statistics to Include White-Collar Crimes

ST. LOUIS (KMOX) -We all know how many murders there’ve been in our cities, and where that ranks. But how many tax evaders or cyber-criminals have been caught here? 342 more words

News

U.S. Department Of Justice Sues Detroit-Based Quicken Loans

DETROIT (WWJ) – The U.S. Department of Justice is suing Quicken Loans, alleging the company lied to the government when making loans backed by the Federal Housing Administration. 497 more words

News

CreditComedy Presents: Turning The Mortgage Crisis Into Credit Comedy

Question: What happens if the 1% can’t refinance their home?

Answer: The 99% Better “Watch Out”

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Credit

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