Explore how mortgage securitization contributed to the 2008 financial crisis, fueling risk-taking and immense losses for Wall ...
Subprime mortgages, in both originations and balances held by less creditworthy borrowers, are on the rise in 2025, reflecting to a lesser degree the conditions that have preceded past financial ...
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.
Just 20 banking conglomerates and subprime mortgage companies -- none headquartered locally -- wrote up well over half those high-risk mortgages, the Home Mortgage Disclosure Act reporting data shows.
Tricolor, a major subprime auto lender specializing in buyers without social security numbers or credit histories, is going out of business. The company filed for bankruptcy on Wednesday. Most ...