Mortgage Mess Unleashes Chain Of Lawsuits
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When something goes badly on Wall Street, people wind up in court. And the subprime mortgage mess is no exception.
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The discount broker posts a loss as mortgage-related losses mount.
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In the wake of the subprime mortgage meltdown, traditional financial institutions have tightened up on who gets to borrow money. But some people are still finding ways to borrow what they need, thanks to another area of lending that is booming.
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Global credit squeeze undermining private sector sale of mortgage lender
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A barrage of lawsuits has been filed against mutual funds, contending that they did not claim money due their investors from settlements of securities class-action lawsuits.
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Mortgage lenders launched more than 70,000 foreclosure proceedings in California in the third quarter, marking a record for the state, where many housing markets are slumping amid mortgage market turmoil, according to a report released on Friday.
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The turmoil tearing through the residential mortgage market will probably harm everyday investors.
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Fannie Mae , under fire from regulators, is facing a groundswell of lawsuits from class-action specialists for billions of dollars in stock losses stemming from the company's faulty accounting.
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Mortgage losses and legal fees weigh down the institutional money manager.
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Homebuilder teeters on the edge of bankruptcy as bondholders circle like vultures awaiting its default.
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Lenders are pulling deals for 100%-plus mortgages, leaving first-time buyers with a financial headache.
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Fannie Mae FNM.N, under fire from  regulators, is facing a groundswell of lawsuits from  class-action specialists for billions of dollars in stock  losses stemming from the company's faulty accounting.
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As the U.S. mortgage crisis forces more properties into foreclosure, even renters are feeling the pain.
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Much of the brokerage firmâs $7.9 billion write-down was tied to problems in the subprime mortgage market.
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LOS ANGELES - A lawsuit filed against Countrywide Financial Corp. on behalf of its employees claims the mortgage lender failed to warn them about the depth of its financial troubles, resulting in heavy stock losses in their 401(k) retirement accounts.
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The city of Baltimore yesterday sued a major national lender for engaging in what it describes as abusive practices that have created a foreclosure crisis in black neighborhoods and eroded city coffers.
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Don't believe talk that the worst of the real estate downturn is over. Too many funky loans are out there.