December 2, 2011 – 10:32 AM
SPRINGFIELD, Mass. (WWLP) – This week, Massachusetts slapped a huge lawsuit on five major U.S. banks. The lawsuit claims the banks’ shady practices have contributed to people illegally being removed from their home.
November 27, 2011 – 11:33 AM
If the Occupy Wall Street protesters want to target a single big bank, which should they choose? One bank – HSBC – took huge losses after buying predatory lender Household International. HSBC, headquartered in London, is not on this list.
September 16, 2011 – 5:53 AM
Senator Christopher Dodd (D-CT) was the largest recipient of campaign contributions from Fannie Mae and Freddie Mac in the past decade. Dodd also turned a blind eye to the risks posed by the GSE’s.
August 29, 2011 – 9:18 PM
After buying out HSBC, Capital One is likely to be the sole significant subprime credit card issuer in the US. It is also a leading subprime auto lender. But it does not have a sustained, substantial track record in any major businesses except card and auto.
August 22, 2011 – 11:30 PM
The Mortgage Bankers Association said Monday that 8.44 percent of homeowners missed at least one mortgage payment in the April-June quarter. That figure, which is adjusted for seasonal factors, rose 0.12 percentage point from the January-March period of 2011.
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