Explore how mortgage securitization contributed to the 2008 financial crisis, fueling risk-taking and immense losses for Wall ...

As many as 2.2 million Americans with subpar credit could lose their homes through foreclosure over the next several years, a new report said. A mortgage banker's group called the report pessimistic.

Explore the career of Josef Ackermann, from CEO of Deutsche Bank to chair of the Bank of Cyprus, and his role in global finance and subprime mortgage issues.

Subprime mortgages may have wreaked havoc on the U.S. economy over the past decade, but they have been very good to Tom Marano. At Bear Stearns Cos., he gained fame in the industry and no small ...

In 2008, the American dream of homeownership morphed into a nightmare that tanked the global economy. The culprit? A toxic mix of bad mortgages and casino mentality. Today, another financial time bomb ...

The 2008 Housing Market crashed primarily due to the huge amount of subprime mortgage loans that were at a high default risk. Risks of subprime mortgages were concealed due to political pressure on ...

When the high-tech stock bubble burst, shareholders lost money. As the sub-prime mortgage market declines, people are losing their homes. We hear how it works, what can go wrong, and what it means for ...

Brea-based subprime mortgage lender ResMae Mortgage Corp. has exited from bankruptcy protection, the company said on Friday. The company re-emerges as a unit of RMC Mortgage Holdings, an affiliate of ...

Mortgages are the largest portion of a so-called “subprime tax” that costs people with credit scores of 620 or less nearly $3,400 a year on average for essential financial products, according to a new ...

The national delinquency rate is only 3.2% on paper. But things are different behind the scenes. VantageScore and Investopedia both say that what lenders are currently witnessing is true: early ...