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Subprime Mortgage Pricing Varies Greatly Among U.S. Cities
Many of the cities in the Gulf Coast affected by Hurricane Katrina have among the highest levels of subprime lendingBy Mark Huffman of ConsumerAffairsSeptember 13, 2005Homeowners in the southwestern or...
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Study Warns of Homeowner "Rate Shock"
Subprime loans are becoming harder to repayBy Mark Huffman of ConsumerAffairsAugust 21, 2006A study warns that homeowners in the Midwest and South and minority communities nationwide are most at risk...
View ArticleSubprime Lender Implosion: Bad Omen For Housing Market
Lenders Collapsing Faster than Cheaply Built HousesBy Martin H. Bosworth of ConsumerAffairsJanuary 3, 2007Subprime lenders have been both blessing and bane in the housing industry for many years,...
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People's Choice Files Chapter 11
Another Subprime Lender CollapsesBy Mark Huffman of ConsumerAffairsMarch 21, 2007Another subprime lender is seeking bankruptcy protection from its creditors, as the house of cards built on risky...
View ArticleFed Chair Rethinks Easy Access To Credit
Easy credit helped lead to implosion in housing marketBy Martin H. Bosworth of ConsumerAffairsMarch 30, 2007Federal Reserve chairman Ben Bernanke recently commented that widespread access to credit may...
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Subprime Loans Led To Decreased Homeownership
Study Finds No Net Increase in Home Ownership Despite Lending BonanzaBy Mark Huffman of ConsumerAffairsApril 5, 2007Subprime loans, currently at the center of a crises in the mortgage industry, were...
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Civil Rights Groups Want Foreclosure Moratorium
Groups call for immediate six-month moratoriumBy Mark Huffman of ConsumerAffairsApril 10, 2007National civil rights groups are calling for mortgage lenders, loan servicers and loan investors to...
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Predatory Lending Bill Back in Congress
Bill calls for federal certification of mortgage brokersBy Mark Huffman of ConsumerAffairsApril 27, 2007Congresswoman Stephanie Tubbs Jones (D-Ohio) has reintroduced the Predatory Lending Practice...
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Subprime Foreclosures will have Ripple Effect
Report finds major impacts on property values, tax revenuesBy Mark Huffman of ConsumerAffairsNovember 19, 2007You think youre insulated from the subprime fallout just because your credit rating is good...
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Don't get stuck with a subprime loan if you can avoid it
Study shows high-income minorities more likely to be sold subprime loansBy Mark Huffman of ConsumerAffairsAugust 13, 2013When you apply for a loan, whether it's to purchase a home or an automobile, the...
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New mortgage rules called 'back to basics'
Lending reforms take effect Friday but most consumers shouldn't noticeBy Mark Huffman of ConsumerAffairsJanuary 9, 2014The long-awaited Qualified Mortgage (QM) Rule, drafted by the Consumer Financial...
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Reasons to avoid a subprime car loan
The bank might be able to disable your car if your payment is lateBy Mark Huffman of ConsumerAffairsSeptember 29, 2014© tycoon101 - Fotolia The housing crisis was triggered in large part by an...
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What final mortgage rule may mean for housing market
It may mean more consumers can qualify for a mortgage with less downBy Mark Huffman of ConsumerAffairsNovember 4, 2014Photo © Alberto Masnovo - FotoliaIn late October, six U.S. government agencies...
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Subprime loans -- betting that new car will last 84 months
Low payments look good but seven years of interest adds upBy James R. Hood of ConsumerAffairsMarch 16, 2015Consumer advocates hate them. Personal financial advisors and debt counselors warn consumers...
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Study: black borrowers pay more for mortgages
Reserchers find African Americans' rate is .29% higherBy Mark Huffman of ConsumerAffairsAugust 21, 2015If African-Americans applying for a mortgage sometimes feel they aren't getting the best deal,...
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What final mortgage rule may mean for housing market
It may mean more consumers can qualify for a mortgage with less downBy Mark Huffman of ConsumerAffairsNovember 4, 2014Photo © Alberto Masnovo - FotoliaIn late October, six U.S. government agencies...
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Morgan Stanley pays $2.6 billion for its role in mortgage meltdowns
Investors lost billions in "securitized" mortgages when the real estate market went southBy Truman Lewis of ConsumerAffairsFebruary 11, 2016Morgan Stanley will pay $2.6 billion to settle claims that it...
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Subprime Mortgage Pricing Varies Greatly Among U.S. Cities
Many of the cities in the Gulf Coast affected by Hurricane Katrina have among the highest levels of subprime lendingBy Mark Huffman of ConsumerAffairsSeptember 13, 2005Homeowners in the southwestern or...
View ArticleClik here to view.
Study Warns of Homeowner "Rate Shock"
Subprime loans are becoming harder to repayBy Mark Huffman of ConsumerAffairsAugust 21, 2006A study warns that homeowners in the Midwest and South and minority communities nationwide are most at risk...
View ArticleSubprime Lender Implosion: Bad Omen For Housing Market
Lenders Collapsing Faster than Cheaply Built HousesBy Martin H. Bosworth of ConsumerAffairsJanuary 3, 2007Subprime lenders have been both blessing and bane in the housing industry for many years,...
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