Issues

    Posts Tagged ‘Subprime lending’

  • Tentative ruling issued in NAACP suit alleging lending bias Tuesday, February 2, 2010 � by jg

    Daily Journal: A California federal judge intends to throw out a claim that a major national bank discriminated against blacks applying for mortgages during the recent housing boom.

  • Ameriquest settles predatory lending suits, but there’s not much money left Thursday, January 28, 2010 � by jg

    What was once the nation’s largest subprime lender has pledged $22 million to repay aggrieved borrowers and their lawyers.

  • Bowed but far from broken, big banks still hold sway Monday, November 16, 2009 � by eric

    Financial institutions, including several banks that received taxpayer bailouts, spent almost $4.01 million on lobbying in Sacramento in the first three quarters of the year as they sought to blunt legislation to rein them in. The industry successfully blunted and blocked several bills intended to provide consumer protections and halt abuses that led to the worst recession since the Great Depression.

  • Well, at least Freddie didn’t lose $25 billion Monday, November 9, 2009 � by eric

    Freddie Mac, the once powerful mortgage-finance company, posted a net loss of $6.3 billion in the third quarter of 2009. That may seem ugly. But Freddie Mac lost $25.3 billion the year before.

  • Schwarzenegger raked in subprime lender campaign money Sunday, November 1, 2009 � by eric

    Gov. Arnold Schwarzenegger took more campaign donations, $2.9 million, from subprime lenders than any state politician in the nation during this decade. His aides said the money had no impact on his decisions.