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sub prime lendersAll Headline News - Washington, D.C. (AHN) - While many large banks and mortgage lenders are firmly tangled in the subprime mortgage mess not many small community banks are because they say they stuck to conservative lending practices instead of making risky low- or no ... Read more
Race Played A Role In Sub Prime Mortgage MessTimes Online - The FBI’s move comes as part of an inquiry into the way in which 15 lenders behaved leading up to and during America’s sub-prime mortgage crisis, which has rendered billions of dollars of bonds effectively worthless. Read more
FBI checks out the truth of Countrywide's statements on quality of ... Baltimore Sun - Baltimore's lawsuit against Wells Fargo for its subprime mortgages has stirred up frustration among industry players, who say they're increasingly taking heat for offering loans in poorer and minority neighborhoods despite being urged for years to do ... Read more
Lenders say suit can chill businessNews Busters - Fall behind on your mortgage? These days it's anyone's fault but your own according to the mainstream media. The March 9 "CBS Evening News" found another way to fault home lenders instead of one borrower who took on an ill-planned mortgage that was ... Read more
CBS Finds Unique Culprit in Subprime Hardship Story – RaceForbes - Hedge funds and mortgage lenders are faltering on margin calls by skittish lenders. Banks aren't picking up the slack in demand in the auction rate market. Read more
The Fed's FixReuters - ... Rock, which used its distribution channels to attract the business, did not, however, write any near-prime or sub-prime ... European Union rules could also force the bank to pull back from being one of the sector's most aggressive lenders. Read more
Embattled N. Rock pulls out of subprime lendingUnited Press International - Lenders are also wary. Afraid of being stuck with more unoccupied homes, they are pushing homeowners to try government programs to renegotiate terms. Read more
Subprime borrowers are frustrating bankersNews.com.au - Lending to sub-prime customers has been one of the biggest contributors to the downturn in the US economy. It has led to an unprecedented volatility in global credit markets as lenders demanded higher interest rates to reflect increased risks of ... Read more
Billions lent in Australian sub-prime dealsTimes Online - ... that Carlyle Capital Corporation, the mortgage-backed securities fund, had failed to meet calls for cash from some of its lenders. The portfolio is no tiddler; it is worth more than £10 billion. And remember, the fund invests not in sub-prime junk ... Read more
American economic news piles on the agonyLouisiana Weekly - In the sub-prime lending crisis, according to Height, "It was Black women who were most likely to have been targeted and ultimately victimized by unscrupulous mortgage lenders. Read more
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