"The Monster": A guide to the subprime crisis

By Julie Vorman

Congratulations to my Center for Public Integrity colleague, Michael Hudson, whose new book debuted today as the No. 1 bestseller on Amazon.

HUD criticized for sloppy management of automated underwriting

By Julie Vorman

Serious flaws in the Federal Housing Administration’s automated underwriting process resulted in more than $6.1 billion in loans winning aut

Some foreclosure rescue scams involve lawyers, mortgage errors

By Julie Vorman

Desperate U.S. homeowners facing foreclosure are being duped by con artists. The scammers employ a variety of schemes such as a “forensic mo
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Reform bill gives birth to $550-million consumer bureau

By Julie Vorman

The Consumer Financial Protection Bureau will spring to life with an annual budget of up to $550 million — an amount that dwarfs yearly spen

Big banks can fund mortgage aid programs If government won't, says Democrat

By Julie Vorman

As budget-conscious House Republicans try to kill a $1 billion program to help unemployed Americans avoid foreclosure, Democrat Barney Frank

Goldman settlement sends shiver through banking world

By John Dunbar

Goldman Sachs & Company’s agreement to pay up to $60 million to settle a Massachusetts investigation of subprime lending sends a sobering me
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Mortgage companies and the new regulatory regime

By Kat Aaron

Everyone knew it was coming. With all the turmoil in the American financial system, a push for re-regulation was inevitable. The Obama admin

You broke it? You fix it.

By John Dunbar

Firms that fed off the subprime lending frenzy that devastated the banking system are lining up to collect more than $21 billion in taxpayer

Treasury Department holding back on details of mortgage modification program

Just how effective is the Obama Administration’s effort to help homeowners stave off foreclosure? It’s hard to know, in part because detaile

Auto dealers should be happy

By Bill Buzenberg

One of the biggest winners in the new financial services overhaul bill are the nation’s auto dealerships, which are now exempt from oversigh

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