Subprime mortgage crisis
Latest Posts
GE to pay $1.5 billion fine over WMC Mortgage subprime loans
Apr 12, 2019General Electric will pay a fine of $1.5 billion as part of a settlement with the Department of Justice over the pre-crisis lending activities of GE’s shuttered subprime lending unit, WMC Mortgage. The lender allegedly misrepresented the quality of the “majority” of its loans, which were sold to investors as part of residential mortgage-backed securities between 2005 and 2007.
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GE claims it reached $1.5 billion settlement with DOJ over WMC subprime loans
Jan 31, 2019 -
Wells Fargo to pay $2 billion for allegedly lying about subprime mortgages
Aug 01, 2018 -
GE books $1.5 billion for potential settlement with DOJ over WMC subprime loans
May 07, 2018 -
Former Deutsche Bank head subprime mortgage bond trader fires back at U.S. fraud charges
Sep 12, 2017 -
Goldman Sachs settles Abacus CDO lawsuit
Nov 04, 2016 -
Flashback? New AAA mortgage bond features pre-crisis subprime, Alt-A mortgages
Mar 28, 2016 -
Ritholtz: Subprime auto loans very different than subprime mortgages
Mar 15, 2016 -
SEC settles with former Fannie Mae execs over subprime fraud
Sep 21, 2015 -
ItÕ over: SEC settles with Freddie Mac executives
Apr 14, 2015 -
Massive subprime mortgage bond portfolio ready to trade
Oct 27, 2014 -
$366 million in subprime-boom bonds coming to market
Aug 15, 2014
