Investors have emerged as major landlords in Atlanta, Las Vegas and Phoenix — cities hit hardest by the housing meltdown, where property values plummeted by as much as 50 percent. Since then, rising demand for rentals has given investors annual …
This is the mentality that has dominated Wall Street's encounters with lawmakers and regulators since the housing bubble burst: Anything that closes off a return to the old days is bad for business. Even worse for business, it appears, than the …
10, establish a national standard for issuing mortgages and are meant to prevent the risky lending practices that led to the housing crash. The bureau, created by the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, says the rules …
Want some concrete examples? The housing bubble and resulting economic meltdown of 2008 is one that is both obvious and painful. The federal government decided everyone should be a homeowner. Lawmakers passed and steadily enhan-ced a series …
At issue are allegations that JPMorgan and firms it later purchased, Bear Stearns and Washington Mutual, sold risky mortgage securities during the housing bubble while misrepresenting their quality. These securities later failed in huge numbers …
http://www.americanprogress.org/issues/2008/05/helping_homeowners.html Andrew Jakabovics of the Center for American Progress sits down with our cameras for t…
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The Obama administration again sets minorities up for financial ruin with "social justice" lending regulations.
The loans are a problem now because an increasing number are hitting their 10-year anniversary, at which point borrowers usually must start paying down the principal on the loans as well as the interest they had been …
It starves risk-averse savers, the elderly, and the disabled from interest income. It lowers the bar for speculative, unproductive, low-covenant lending (as it did during the housing bubble). It relaxes a constraint that is not binding – as there are …
The dramatic change of policy comes after growing fears the Chancellor's Help to Buy scheme was fuelling a housing bubble. Funding for Lending was a separate scheme that used taxpayer guarantees to boost the property market. Now help for mortgages …
The dramatic change of policy comes after growing fears the Chancellor's Help to Buy scheme was fuelling a housing bubble. Funding for Lending was a separate scheme that used taxpayer guarantees to boost the property market. Now help for mortgages …
… much more significant settlement last week that represented the kind of punitive action needed to alter behavior of such powerful corporations: $13 billion from JPMorgan Chase to settle civil complaints over its actions that led to the 2008 housing …
An attorney who works for a housing non-profit helped Burns sue JPMorgan Chase. She won a $20,000 cash settlement. Still, she lost her home and her family had to move, as have more than 150,000 other Minnesotans. By then the enormity of the nation's …
The 24,000-square-foot estate will be a spec home, something that became extinct during the housing meltdown in South Florida. Bell said to the Sun Sentinel, “If you had asked me three years ago if I was building a spec home, I would say you would need …
In other words, if Blackstone makes money by capitalizing on the housing crisis, all these other Wall Street banks — generally regarded as the main culprits in creating the conditions that led to the foreclosure crisis in the first place — make money …
According to CEO and Chief Global Strategist of Euro Pacific Capital Peter Schiff, the U.S. economy is heading for an economic crash that will make 2008 look…