subprime mortgages
'Zombie mortgages' come back to haunt thousands of homeowners now facing foreclosure
Zombie mortgages refer to home loans that reappear after the borrower thought they had been resolved, typically through foreclosure.
Joe Biden is once again taking a 'wrecking ball' to America's housing market
Joe Biden is wrecking the housing market by ditching things such as proper title insurance.
'Never been a worse time': It now costs 52% more to buy a home than rent one: report
The average monthly mortgage payment is a whopping 52% higher than the average monthly rent on a house or apartment -- a ratio that hasn't been this out of whack...
Zillow offers 1% down payment to lure homebuyers as mortgage rates hit 22-year high
Zillow announced that it's offering mortgages with a 1% down payment to US homebuyers who are being squeezed by mortgage rates that are more than double what they were just...
UBS to pay $1.44B to settle DOJ fraud charges tied to subprime loans
The civil action was filed in November 2018 alleging misconduct related to UBS' underwriting and issuance of residential mortgage-backed securities issued in 2006 and 2007, according to the Justice Department.
Angelo Mozilo, ex-CEO of Countrywide and face of 2008 mortgage meltdown, dead at 84
He became the face of the mortgage meltdown when the subprime crisis surfaced in 2007. He was the son of a Bronx butcher who embodied a rags-to-riches success story.
'Big Short' investor who foretold 2008 housing catastrophe warns of new financial disaster
Dave Burt fears a 2008-style housing price correction is impending over lenders mispricing flooding.
Predatory green lending, everyone fears the Prez is too old and other commentary
“Most Americans” — 63% of registered voters — “don’t believe the president is fit to serve. Now what”? asks the Washington Examiner’s Byron York.
Housing sector showing 'eerily similar' warning signs before 2008 collapse: expert
Surging mortgage rates are “taking a wrecking ball to the housing market,” the expert said.
Here's your chance to own 'authentic' swag from this infamous Wall Street firm
The hawke told The Post he had the "opportunity" to load up directly from Lehman's stash of promotional gimcracks soon after the firm's ignominious collapse in 2008.
Mortgage crisis 'villain' Angelo Mozilo: 'I don't care' anymore
Angelo Mozilo is done being the villain. Speaking at an exclusive hedge fund conference in Las Vegas this week, the disgraced former head of Countrywide Financial said he doesn’t care...
Paulson pledges personal fortune to backstop his firm
Billionaire John Paulson is doubling down on his own hedge funds. The founder of Paulson & Co., who has struggled with rocky returns and client defections, has pledged his personal...
Goldman Sachs announces $5.1B settlement over bad mortgages
Goldman Sachs said Thursday that it would settle with the US for $5.1 billion for its “Big Short”-type mortgage deals from 2005 to 2007 that contributed to the financial crisis...
Springleaf shares soar after winning approval to buy OneMain Financial
Uncle Sam went easy on Wes Edens. Shares of subprime lender Springleaf Holdings, which is majority owned by Edens’ Fortress Investment Group, surged more than 11 percent Friday after it...
Kyle Bass' post-crash returns small-caliber
In the investment world, few people have a more robust bigger-than-life persona than Dallas hedge fund manager Kyle Bass. The 45-year-old charismatic founder of Hayman Capital is known for driving...
Judge rules against Japanese bank Nomura in subprime trial
A federal judge ruled against the Japanese bank Nomura on Monday, saying it lied about mortgage-backed securities that it sold to Uncle Sam during the run-up to the financial crisis...
Japanese bank says it only gave an 'opinion' on risky home loans
There are lies, damn lies, and subprime mortgages. Nomura, the Japanese bank fighting allegations it duped the Federal Housing Finance Agency during the 2008 financial crisis, told a federal court...
Fannie Mae slaps Nomura on first day of subprime trial
A home loan divided cannot stand, says the Fed housing giant in a long simmering suit. Fannie Mae and Freddie Mac are charging they were misled by unscrupulous banks trying...
Japanese bank seeks justice in subprime mortgage trial
It’s a question often asked but never answered: Who’s to blame for the subprime mortgage crisis? The American public will get a rare window into what went wrong when government-sponsored...
Embattled Ocwen expects loss due to probe penalties
Ocwen’s financial pain is just beginning. The embattled mortgage servicer expects to record a loss for the fourth quarter and full year because of penalties and higher servicing costs, the...