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Ocwen will be the ninth-largest servicer overall, with $150.6 billion in loans. The company will have more than tripled in size since the end of 2009, when it serviced $48.8 billion in mortgages and ranked seventh in subprime servicing.

Thinking Deeply On Risky Lending

One of the most pernicious practices in which the nation’ biggest banks engaged during the lead up to the financial crisis was pushing minority borrowers into subprime loans, even when many of them qualified for prime loans. Wells Fargo had ...

Former Chase Banker Admits His Bank Pushed Minorities Into Subprime Mortgage Loans

SCHAUMBURG, Ill. , Dec. 1, 2011 /PRNewswire/ -- Experian Automotive today announced that lenders are increasing loans to credit-challenged customers. According to its quarterly automotive credit analysis, 21.87 percent of all new vehicle loans ...

Subprime Automotive Loans Increase in Q3 2011, According to Experian Automotive

The percentage of distressed first-lien subprime loans among residential borrowers in the states that make up the sixth district of the Federal Reserve fell in the third quarter from a year earlier, according to the Federal Reserve Bank of Atlanta.

Distressed subprime mortgages tumble in Southeast: Atlanta Fed

An award-winning Chase vice-president has gone public with accusations that his bank deliberately tricked naive borrowers into taking out high-commission loans they could never pay back (his team wrote $2B in loans during the subprime bubble), putting the ...

Chase exec: we tricked naive borrowers into taking out subprime loans

CLEVELAND, Ohio -- A Cuyahoga County judge has dismissed most of a 2008 public nuisance lawsuit Cleveland officials filed against 21 banks and mortgage companies in an attempt to punish them for bankrolling subprime loans. The dismissal cuts off ...

Common Pleas Court judge rejects most of Cleveland's suit against banks over subprime loans

Bankers were encouraged to push subprime loans even to people they thought would default. In return they were paid commissions seven-times higher than for ordinary loans. "What the [1967] riots didn't do to Irvington — subprimes did," Don Baldyga says ...

A Depressing Tour Of A New Jersey Neighborhood Destroyed By Subprime Lending

A home at 10th Street and Mandela Parkway in Oakland was just one of several foreclosed properties that demonstrators say is an example of fraudulent lending practices by banks offering subprime loans to lenders and leaving them with huge mortgages that ...

Group rallies in Oakland to stop foreclosures

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