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Simple Trading System: Simple, Elegant Solution to the Mortgage Crisis?

So far, throwing billions of dollars at major banks like Citigroup does not seem to be working. This is because mortgages are continuing to default. [...] read more »
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GM: Subprime lending? Great idea! - Top Stocks Blog - MSN Money

To get out of trouble they decide to give loans to people with a credit score below 620, should drum up some business, but isn't that what put them [...] read more »
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FHA-Backed Loans: The New Subprime - OR - More Crap to Come

Think we've seen the worst of the subprime mortgages mess? Apparently not, and it's an encore performance by the same lovely people who put us in t[...] read more »
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AIG dumped $74 Billion in Subprime, CDOs on Fed

The Federal Reserve took on more than $74 billion in subprime mortgages, depreciating commercial leases and other assets after Bear Stearns Cos. and [...] read more »
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The Housing Boom and Bust » JoeTaxpayer

A review of Dr Thomas Sowell's "The Housing Boom and Bust" read more »
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Poor People To Blame for Economic Crisis

Now I have heard it all. It is the fault of poor people that we are in an economic crisis. read more »
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Busted: A New York Times business reporter's memoir of his fall into the subprime trap

Many books will be written about the subprime fiasco, but I doubt any will match the verisimilitude of Busted, Edmund L. Andrews' account of his own[...] read more »
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Moffett resigning as Freddie Mac CEO

The top executive of Freddie Mac is quitting after less than six months on the job as the company continues to hemorrhage from mortgage losses and pl[...] read more »
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Mortgages - for the first time home buyer

In the course of my study, I quickly came to the realization that the hypothetical, grossly irresponsible group that got us in this mess looks eerily[...] read more »
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Life Inside a Wall Street Chop Shop

A large Wall Street firm used front companies to generate impossible-to-repay loans which it then packaged into CDOs and sold off. read more »
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Freddie Mac...When are You Coming Back?

Fannie Mae and Freddie Mac have a new bail out program, but it by no means will empty the bilge… read more »
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Homeowners' rallying cry: Produce the note

Kathy Lovelace lost her job and was about to lose her house, too. But then she made a seemingly simple request of the bank: Show me the original mortgage paperwork.
And just like that, the foreclosure proceedings came to a standstill.
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Economic Meltdown - The Subprime 25

A look at how the top 25 lenders, who are responsible for almost $1 trillion subprime loans. read more »
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Subprime Mortgage market facing new problems

The subprime market is heading into a new dilemma as fixed rate deals are on a steep rise. Many falling foul of rogue "buy and rent back" companie[...] read more »
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Why are mortgage mods going so slowly?

Many homeowners could make monthly payments with a mortgage modification. So why are banks slower than molasses in January? read more »
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