The Great Recession leaves a lasting mark on most of them and overcomes a few.
Published News » Subprime Mortgage Crisis
Five tough years for top publicly traded companies
Posted by mortgage 1 day 16 hours ago (Editorial)
AIG ventures back into subprime mortgages
Posted by mortgage 1 day 16 hours ago (Editorial)
American International Group, the insurer that needed a $182.3 billion bailout from the U.S. government in 2008 after failed mortgage investments, is betting this time it's different.
AIG Wagers on Subprime Betting Second Time Different: Mortgages
Posted by mortgage 5 days ago (Editorial)
American International Group Inc. (AIG) , the insurer that needed a $182.3 billion bailout from the U.S. government in 2008 after failed mortgage investments, is betting this time it?s different.
Slow but steady grows the Florida economy
Posted by mortgage 5 days ago (Editorial)
The recession and the subprime mortgage crisis hit Florida with hurricane force, leaving a wake of home foreclosures and more than 10 percent unemployment at its peak. Four years later, the state still works hard to build back its economic strength.
Ally aims to end mortgage woes with ResCap filing
Posted by mortgage 7 days ago (Editorial)
(Reuters) - Ally Financial Inc's mortgage unit filed for bankruptcy protection on Monday, and the former in-house financing arm for General Motors Co also said it will sell some international operations to help set it on a path to repaying $12 billion in U.S. government bailout money. The bankruptcy, which still needs court approval, came early Monday as ResCap faced looming bond payments and
Wall Street Titans Fail to See Truth in Numbers
Posted by mortgage 7 days ago (Editorial)
JPMorgan Chase's horrific $2 billion???and counting???loss shows that Wall Street has learned nothing from the 2008 financial crisis that brought down one-time stalwarts Lehman Brothers and Bear Stearns. What's more, the staggering loss, due to bets on complex derivatives, puts the lie to the suggestion that Wall Street need less, not more, regulation. JPMorgan's CEO ...
Law Offices of Lance Denha Discuss the Impact of the New Foreclosure Wave to Hit Everyday Borrowers
Posted by mortgage 8 days ago (Editorial)
The Law Offices of Lance Denha explains, that while Subprime loans caused the initial foreclosure wave, that now, job losses, economy will create a bigger run(PRWEB) May 14, 2012 Recent statistical data released by RealtyTrac signals a change in the type of homeowners now being affected by foreclosure. While Subprime loans prompted a foreclosure boom earlier this decade, it is widely expected ...
US-owned Ally's mortgage unit files bankruptcy
Posted by mortgage 8 days ago (Editorial)
Troubled US Treasury-owned lender Ally Financial said Monday its was placing its mortgage unit into bankruptcy protection as the government seeks to reduce loss risks from a major $17 billion crisis-era bailout.
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