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Barack Obama and John McCain have both stressed the need for greater transparency and imposing capital requirements on financial institutions since the debacles at Bear Stearns, IndyMac and Fannie...
Senators Barack Obama and John McCain want to go after predatory lenders. Senator Obama, contrary to Alaskan Governor Sarah Palin's claims about his Senate record in her acceptance speech at the...
Barack Obama and John McCain both support efforts to stabilize mortgage finance giants Fannie Mae and Freddie Mac, but only if needed and because both government sponsored entities are central to...
Barack Obama wants to see the government step in to help homeowners facing foreclosure. John McCain, who several months ago stated he wouldn't support a foreclosure bailout, has recently changed his...
Reuters and Bloomberg both reported today that GMAC's Home Loan Unit will fire 5,000 employees, or 60 percent of its staff, and close all 200 GMAC Mortgage retail offices because of "weak real...
According to Guy Cecala, the publisher of Inside Mortgage Finance, who was interviewed for a Forbes article examining the failures of the FHASecure program, "FHASecure was a PR-driven program...
The Hope Now coalition released information yesterday that finds prime foreclosure starts have finally moved ahead of subprime foreclosure starts for the first time since the industry coalition...
As Joe Biden said last year during the Democratic presidential primary debates, and will likely reiterate tonight in Denver, the main source for our current credit crisis lies in mysterious lending...
During a Democratic primary debate, in August, 2007, Joe Biden saw what many others didn't see or realize until months later: The credit crunch was running so deep -- it could effect several sectors...
Tonight's focus and theme at the Democratic Convention shifts to Hillary's anticipated speech and the economy. Hillary's speech is what many will be tuning in to watch or listen to; the several...
An FBI official, back in September, 2004, three years before the first wave of foreclosures hit the housing market, made a then chilling and portent observation: The booming mortgage business,...
The Los Angeles Times reported Sunday that real estate evaluations are still being inflated, despite federal housing legislation that was signed last month tightening appraisal standards that comply...
New York senator Charles Schumer will not be investigated for comments made about IndyMac Bancorp days before its collapse. California Attorney General Jerry Brown, on Thursday, sent a...
I came across this AP article this morning about Warren Buffett's new documentary (he financed the project) titled: I.O.U.S.A.
Since news broke yesterday that the FDIC plans on modifying existing IndyMac borrowers' loans that are at risk of defaulting, I've noticed on several news sites (comments section), blogs, and...
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