H&R Block Inc. has chosen a former executive in General Electric?s subprime mortgage operation to be the tax preparer?s chief financial officer.
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H&R Block hires one-time subprime mortgage executive as its chief financial officer
Posted by mortgage 51 minutes ago (Editorial)
Charles Ferguson: How Financial Criminalization Crashed the Economy, and the Culprits Got Off Scot-Free
Posted by mortgage 1 day 51 minutes ago (Editorial)
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 ...
FINRA Fines Citigroup Global Markets $3.5 Million for Providing Inaccurate Performance Data Related to Subprime ...
Posted by mortgage 1 day 51 minutes ago (Editorial)
The Financial Industry Regulatory Authority announced today that it has fined Citigroup Global Markets, Inc. $3.5 million for providing inaccurate mortgage performance info
FDIC sues big banks over subprime mortgage losses
Posted by mortgage 1 day 51 minutes ago (Editorial)
United States deposit insurer FDIC has sued Deutsche Bank and other big financial groups, seeking damages for mortgage losses. The lawsuit is one more attempt to clean up the subprime mortgage scandal.
HSH.com Weekly Mortgage Rates Radar: Fixed Mortgage Rates at New Record Low Again
Posted by mortgage 1 day 51 minutes ago (Editorial)
HSH.com releases its latest Weekly Mortgage Rates Radar showing a downward drift in fixed mortgage rates from the previous week. The Weekly Mortgage Rates Radar reports the average rates and points offered by lenders for the two most popular types of mortgages, the conforming 30-year fixed-rate mortgage and the conforming 5/1 adjustable-rate mortgage (ARM). Average rates were mixed during the ...
AIG ventures back into subprime mortgages
Posted by mortgage 3 days 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 6 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 6 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.
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