Sources: Morris Schneider Wittstadt declaring bankruptcy, closing immediately

Sources: Morris Schneider Wittstadt declaring bankruptcy, closing immediately

LandCastle Title’s operations will not be affected

8 avoidable mistakes first-time homebuyers keep making

Stop doing these things

Trending Thursday: CFPB data collection worse than the NSA?

Slowly but surely GSE shareholders cutting into Treasury, FHFA secrecy
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Items Tagged with 'Financial crisis'

ARTICLES

Op-ed: Arrogant billionaires sue government over taxpayer bailout

How far will this go?
Brena Swanson
Billionaires of Wall Street went to court to argue that they didn’t benefit enough from the bailouts and that taxpayers should pay them tens of billions of dollars more…wait what?
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Goldman Sachs in talks to settle mortgage probe for $2-$3B

Bloomberg: Deal could come within weeks
Trey Garrison
Media reports say that Goldman Sachs is in talks to pay between $2-$3 billion to settle the federal government’s investigation into the sale of mortgage bonds in the run up to the housing and financial crisis. Want to know more?
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Morgan Stanley could pay $500 million in mortgage pact

Deal with NY AG still in talks
Brena Swanson
Morgan Stanley is in talks to possibly pay about $500 million to settle a probe by New York’s Attorney General Eric Schneiderman into whether the firm misled investors in mortgage bonds that cratered during the financial crisis.
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Morgan Stanley, Goldman Sachs nearing U.S. mortgage resolutions

Settles bonds dating back to the financial crisis
Brena Swanson
Morgan Stanley and Goldman Sachs Group are finally getting closer to resolving claims that the two firms misled investors in mortgage bonds during the financial crisis.
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Ambac sues BofA over faulty mortgage bonds

Company lost hundreds of millions of dollars
Brena Swanson
Bank of America is getting sued again after its giant $16.65 billion settlement back in August. This time Ambac Assurance is coming after the bank.
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Federal judge approves Detroit’s bankruptcy plan

Did Detroit’s housing market just turn a corner?
Brena Swanson
Detroit’s housing market was one of the most severely attacked during the financial crisis, leaving a wasteland of foreclosed and abandoned homes. But a new ruling might help give the city the extra boost it needs.
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Five years later, banks have not forgotten your debt

Americans still face post-foreclosure consequences
Brena Swanson
As Americans slowly rebuild their finances in the aftermath of the financial crisis, debt collectors are lurking around asking for money that borrowers unknowingly still owe.
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Chris Whalen: The Great Recession’s true impact

What has really changed?
Brena Swanson
It’s been about half a decade since the Great Recession, and the economy still has room for improvement. Christopher Whalen argues that the low-interest-rate environment that arguably helped cause the 2008 financial crisis remains in place today.
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Are appraisers holding back housing?

New rules hinder appraisals
Brena Swanson
Although a new study indicates that inflated appraisals are less common today, the impact of low appraisals may be problematic in its own right — higher levels of loan rejections that put a damper on the housing market.
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Are subprime mortgages coming back?

Lenders missing opportunity to make more money
Brena Swanson
It’s time to return to the days of subprime lending, at least that's what this one article suggests. But not the subprime lending that is negatively associated with the financial crisis.
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