Word: mortgagees
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Early on, the majority of people seemed to heap the most blame on barely regulated financial products, like credit-default swaps, which brought down AIG; mortgage brokers and their lax lending standards; and Wall Street bonus checks that rewarded short-term profits over prudent business decisions. Goldman Sachs, too, has...
Even though the bankers are first up, the FCIC won't stop there in heaping the blame. Congress set up the commission early last year with a mandate to investigate 22 possible things, from mortgage fraud to global savings imbalances, that could have either caused the financial crisis or made...
When I was a child, we had to live in our grandmother's house. My mother, a lone parent, couldn't get a mortgage simply because she was a woman, even though she had a well-paid job. When I qualified as a lawyer in the U.K. three decades ago...
Adding to the sector's woes - the Federal Reserve has indicated it plans to end a program that's helped keep mortgage rates at attractive levels for home buyers. The Fed program, which involved purchasing up to $1.25 trillion in mortgage-backed securities backed by Fannie and Freddie, will expire...
In the eyes of many political observers, Dorgan and Dodd were simply bowing to reality. They faced long odds of winning re-election in their home states - though Dems believe they now have a much better chance at holding on to Connecticut than North Dakota. Dodd, as chairman of the...