BOSTON, May 11 (UPI) -- Goldman Sachs Group Inc. agreed to a $60 million settlement with the state of Massachusetts over its role in the subprime mortgage meltdown.
WASHINGTON, May 25 (UPI) -- Congressional lawmakers will hold a hearing to discuss the subprime mortgage crisis in Ohio, the state hit hardest by home foreclosures, a congresswoman said.
SYDNEY, March 7 (UPI) -- Australian banks continue to approve risky loans to homeowners in spite of a global move toward tighter lending policies, The Australian reported Friday.
NEW YORK, Jan. 7 (UPI) -- About 45,000 U.S. subprime borrowers sought to refinance their mortgages under a plan to prevent foreclosures, the U.S. Treasury secretary said.
TOKYO, Nov. 23 (UPI) -- Japanese financial institutions report more than $1 billion in realized losses and write-downs from investments in U.S. subprime mortgages.
NEW YORK, Oct. 15 (UPI) -- Black and Hispanic New York home buyers were more likely to get high-interest subprime mortgages than similar-income white buyers, a university analysis found.
WASHINGTON, March 23 (UPI) -- U.S. senators accused the Federal Reserve and former Chairman Alan Greenspan of a "pattern of neglect" that led to the current subprime mortgage crisis.
DETROIT, March 13 (UPI) -- General Motors Corp. will pay $1 billion to cover bad mortgage loans its former finance arm made to high-risk U.S. borrowers, GMAC said Tuesday. The cash settlement, cited in General Motors Acceptance Corp.'s fourth-quarter financial report, is not expect
MCLEAN, Va., Feb. 27 (UPI) -- U.S. mortgage finance company Freddie Mac will stop buying subprime mortgages likely to foreclose, the company said Tuesday.
KANSAS CITY, Mo., Feb. 22 (UPI) -- Rising loan default rates among borrowers with spotty credit are hurting the U.S. subprime mortgage business, a published report said. Defaults and related financial troubles affecting mortgage companies could hurt a broad segment of the U.S. housing mark
