Posts with tag subprime loans

Today Barney Frank's House Financial Services Committee will hear ideas from across the political spectrum about what the next-generation Fannie Mae and Freddie Mac should – and should not -- be able to do. Congress had better pay attention to ex-Fannie CEO Daniel Mudd, who with colleague Robert Levin went before... Continue Reading »

As if foreclosure-wracked neighborhoods aren't suffering enough, it seems they're also paying more in taxes. According to a study released yesterday by the Atlanta Neighborhood Development Partnership, homeowners in low-income neighborhoods in Atlanta that have been hard hit by the housing crisis were overcharged on... Continue Reading »

In all the fallout from the housing crisis, few groups have suffered as much as blacks and minorities, who were saddling with risky subprime loans at rates far higher the whites with the same incomes or credit scores. Yesterday, the Civil Rights Division of the U.S. Department of Justice announced that it's launching a... Continue Reading »