It is no exaggeration to say that since the 1980s, much of the financial sector has become criminalized, creating an industry culture that tolerates or even encourages systematic fraud. The behavior that caused the mortgage bubble and financial crisis was a natural outcome and continuation of this pattern, rather than some kind of economic accident. It is important to understand that this ...
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Charles Ferguson: How Financial Criminalization Crashed the Economy, and the Culprits Got Off Scot-Free
Posted by mortgage 10 hours ago (Editorial)
GM interested in buying foreign operations of lender Ally Financial
Posted by mortgage 8 days ago (Editorial)
Ally Financial Inc.'s troubled mortgage unit Residential Capital LLC filed for Chapter 11 bankruptcy early today as the Detroit-based auto lender said it may sell its international businesses.
Sears Financial expands offerings with the launch of mortgage services
Posted by mortgage 8 days ago (Editorial)
Sears Financial expands offerings with the launch of mortgage services
Ally Financial: Rescap Mortgage Subsidiaries File Chapter 11
Posted by mortgage 8 days ago (Editorial)
Ally Financial Inc.'s (GMA.XX) troubled mortgage subsidiary filed for Chapter 11 bankruptcy early Monday, potentially paving the way for Ally to sever itself from substantial litigation that has been a drag on its other operations and prevented it from repaying the remainder of its government bailout.
Ally Financial gets Treasury's OK to put ResCap mortgage unit into bankruptcy
Posted by mortgage 15 days ago (Editorial)
Dakin Campbell Bloomberg News - Detroit-based Ally Financial Inc. , the auto lender majority-owned by taxpayers, has received U.S.
Time running out for Ally Financial
Posted by mortgage 16 days ago (Editorial)
Interviews with people directly involved in Ally?s restructuring reveal how missed opportunities, competing interests, lax oversight from the government and bad luck have stymied Ally
Financial Investor, Wayne Rogers becomes New Spokes Person for a Direct Reverse Mortgage Lender
Posted by mortgage 24 days ago (Editorial)
Melville based, Senior Home Loans announces their new spokes person Wayne Rogers from the hit television show M*A*S*HMelville, New York (PRWEB) April 27, 2012 Wayne Rogers, well known professional actor, Broadway Producer, news contributor to the Fox Network (cashin) coupled with over forty years of experience in investments has signed on to be the spokes person for a national reverse mortgage ..
Ally Financial Posts $310 Million Profit In 1Q
Posted by mortgage 27 days ago (Editorial)
Ally Financial Inc., the government-owned lender that may seek bankruptcy protection for its struggling mortgage business, posted a $310 million profit in the first quarter driven by solid auto-finance results and improvements in its mortgage operations.
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