Dec 19th 2011 1:40PM
WASHINGTON -- Congressional investigators said Monday that four House members received VIP discounted loans from the former Countrywide Financial Corp., the lender whose subprime mortgages was largely responsible for the nation's foreclosure crisis. Rep. Darrell Issa (R-Calif.), chairman of the House Oversight and... Continue Reading »
Nov 16th 2011 11:15AM
WASHINGTON -- Congress is seeking to end the practice of paying million-dollar bonuses to executives at government-controlled mortgage giants Fannie Mae and Freddie Mac. The House Financial Services Committee approved legislation Tuesday that would suspend tens of millions in Fannie and Freddie executive compensation... Continue Reading »
Jan 15th 2010 10:52AM
While the world's attention was riveted on the spectacle of Wall Street leaders like Lloyd Blankfein and Jamie Dimon dodging questions about why exactly they didn't bother to tell investors about the many risks attached to the mortgage-backed securities and derivatives they sold, the congressional Financial Crisis Inquiry... Continue Reading »
Dec 30th 2009 2:00PM
Watch out politicos, MTV's "Real World" is returning, and this time they're in your town. Yes, Washington D.C is the latest "hip" locale for the house filled with mismatched 20-somethings all vying for their cliché 15-minutes of fame (or drunken embarrassment). The current crew will be living in an unbelievable... Continue Reading »
Nov 5th 2009 2:30PM
The House and Senate passed an extension to the home buyer credit, which would allow first-time buyers to continue to receive an $8,000 credit, and would also extend a $6,500 "trading up" credit to current home owners. Both credits will apply to valid contracts signed by April 30, 2010 and closed by July 1. The... Continue Reading »
