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Subprime Mortgage Crisis News

News on Subprime Mortgage Crisis continually updated from thousands of sources around the net.

Yesterday | Bloomberg

Bass Sees BOJ Bond Purchases Overwhelmed as Investors Dump Debt

J. Kyle Bass, whose Hayman Advisors LP made $500 million amid the U.S. subprime crisis, said the Bank of Japan will have to "dramatically" increase bond-buying efforts that have been "overwhelmed" by investors selling.

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Related Topix: Economics News, Financial Markets, Home, Mortgage, Personal Finance

Thursday | Breitbart.com

Finally: Tax-Dodging, Union-Busting, Subprime Mortgage Banker Hauled Before Congress

The Senate will finally confront one of the architects of the subprime mortgage crisis today, hauling a tax-dodging, union-busting, bank-breaking, billionaire member of the "one percent" before the Senate Commerce Committee... to consider her confirmation as Secretary of Commerce in President Barack Obama's Cabinet.

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Related Topix: Home, Mortgage, Personal Finance, Economics News, US News, US Senate, Democrat, Barack Obama, US Politics, Senator Dick Durbin, Republican, Senator Mark Kirk

Thursday | The Hill

Wasted wealth - The ongoing foreclosure crisis that never had to happen

In 2008, the Emergency Economic Stabilization Act created the Troubled Asset Relief Program , which provided $700 billion to the Treasury to address the subprime mortgage crisis and to "maximize assistance for homeowners." As we know, the majority of that money went to the banks that created the mortgage crisis with high-risk products, and only ... (more)

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Related Topix: Foreclosures, Home, Mortgage, Personal Finance, Economics News

Sun May 19, 2013

Daily Mail

Sir Mervyn King says George Osborne's plan to help housebuyers 'could cause another crash'

Sir Mervyn King has sounded the alarm over the Chancellor's home-buying plan, suggesting it could trigger a US-style economic crash.

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Related Topix: Home Buying, Home, Mortgage, Personal Finance, Economics News, Travel, United Kingdom Travel, Europe Travel, London, United Kingdom Travel

National Mortgage News

Brian Collins and Mark FogartyLO Comp Bill a Subprime Effort?

WE'RE HEARING that it is going to take a concerted industry effort to get a legislative fix for the QM rule on loan officer compensation.

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Related Topix: Home, Mortgage, Personal Finance, Economics News

Sat May 18, 2013

The Herald

Amcu leader says union will 'bring economy to standstill'

THE leader of South Africa's biggest platinum mining union threatened on Friday to bring the country "to a standstill" and demanded a meeting with President Jacob Zuma ramping up the rhetoric in an 18-month labour crisis.

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Related Topix: World News, South Africa, Africa, Economics News, African National Congress (South Africa),

Mon May 13, 2013

Forbes.com

John HancockVoice: Around The Country, Homeownership Made Possible With State Help

Each From federal to municipal, governments in the United States have long been in the business of promoting homeownership, and for good reason, said director of homeownership for the Ohio Housing Finance Agency , Cynthia Flaherty.

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Related Topix: Home, Mortgage, Personal Finance, Economics News, Marketing, Housing

Reuters

German bank rescue fund swings to profit

Germany's bank rescue fund SoFFin swung to a profit last year for the first time since it was founded in 2008 after writing back 1.39 billion euros on loss provisions for assets once held by bailed-out lender Hypo Real Estate.

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Related Topix: Economics News

Examiner.com

Real estate recovery leading to investments in commercial, residential property

Since the real estate market collapsed at the height of the subprime mortgage crisis in 2007 and 2008, the industry has suffered a tremendous downturn and the recovery has been rather sluggish.

Comment?

Related Topix: Economics News, Home, Mortgage, Personal Finance

Wed May 08, 2013

Seeking Alpha

The Risk Of Recession Is Low And Declining

Credit default swap spreads are coming back down to earth, and they are now at a new post-recession low.

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Related Topix: Economics News, Financial Markets

Tue May 07, 2013

Wall Street Journal

DAX Hits New High

Germany's benchmark DAX stock-market index hit its highest level ever Tuesday, becoming the first major European stock-market index to follow Wall Street into new territory as investors bet on the continued success of the country's exporters.

Comment?

Related Topix: Economics News, Financial Markets

Mon May 06, 2013

AGBeat

Obama nominates Mel Watt to head FHFA, not a joke

Mel Watt has been nominated to lead the FHFA, and while his personal story is inspiring, his political career and role in the subprime crisis put him at odds with Republicans and even many Democrats, making his confirmation unlikely, so why nominate such a divisive character? President Obama has nominated Democratic Rep.

Comment?

Related Topix: US News, Economics News, Foreclosures

Fri May 03, 2013

WBEZ-FM Chicago

Asia's Economic Imbalances

Stephen Roach argues that behind most major financial crises - the Asian financial crisis, the US subprime mortgage crisis, and the European debt crisis - are unsustainable economic imbalances.

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Related Topix: Economics News, Yale University, Investment Banking, Financial Services, Morgan Stanley