LOS ANGELES, March 14 (UPI) -- Wells Fargo Bank and HSBC Bank intentionally steered African-Americans who qualified for conventional mortgages into costlier subprime loans, a lawsuit claims.
WASHINGTON, April 3 (UPI) -- Democratic presidential rivals Barack Obama and Hillary Clinton call for a crackdown on U.S. banks while their advisers have been linked to failed lenders.
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, Sept. 20 (UPI) -- Federal Reserve Chairman Ben Bernanke Thursday called for tougher restrictions on what borrowers and lenders can do.
WASHINGTON, Sept. 6 (UPI) -- A record number of U.S. homes were caught up in the foreclosure process for the third straight quarter, the Mortgage Bankers Association says.
IRVINE, Calif., Aug. 22 (UPI) -- Lehman Brothers Holdings Inc. shut its U.S. subprime-lending unit and fired 1,200 employees, the financial-services giant said Wednesday.
NEW YORK, June 23 (UPI) -- Investment bank Bear Stearns has pledged up to $3.2 billion to save a hedge fund that was failing because of bad loans on subprime mortgages.
MCLEAN, Va., March 8 (UPI) -- Climbing out of the U.S. housing slump "will be slow" and home prices will "remain vulnerable to shocks," mortgage finance giant Freddie Mac said Thursday.
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
WASHINGTON, June 1 (UPI) -- A study finds that the burgeoning U.S. market for subprime mortgages appears to discriminate against African-American and Hispanic borrowers. The Center for Responsible Lending examined the interest rates and credit histories of borrowers in the subprime
