The Obama administration is engaged in a broad push to make more home loans available to people with weaker credit, an effort that officials say will help power the economic recovery but that skeptics say could open the door to the risky lending that caused the housing crash in the first place.
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Politicians from three major parties and government officials took loans from the Bank of Cyprus and Cyprus Popular Bank (Laiki) and had them written-off after having paid back only a small part of it -in best case.
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The head of an anti-racketeering organisation in Italy has set himself on fire in a protest against illegal loans — usually given by criminal organisations.
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Interestingly, the missing data is historical, from the years 2000 to 2006. In other words, even those students who have already repaid their loans and probably no longer consider themselves customers of HRSDC, and therefore imagine themselves at no risk from an HRSDC data breach, have been affected
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The House Ethics Committee found no violations among House members whose mortgage went through the VIP section of the former Countrywide Financial Corp., the company whose subprime loans helped cause the foreclosure crisis.
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While German Chancellor Angela Merkel said she’s waiting for a report from international lenders, the news magazine Spiegel said a decision has already been made that Greece will get its next installment by the end of November.
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They are accusing Morgan Stanley of fueling the production of risky, expensive loans that targeted African-American borrowers. African-Americans living in the Detroit area were 70 percent more likely to wind up with a subprime loan than were white borrowers with similar financial characteristics.
bertb news feed
A Greek government official has stressed that the country needs bailout loans by the end of November as it will run out of cash the following month. Panagiotis Mitarakis, a deputy minister in charge of industrial development and economic policies, spoke to NHK in Tokyo on Friday.
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Buried under big pay cuts, tax hikes, and slashed pensions but pressed by banks to cover mortgages, loans and credit cards in full, 25 percent of Greeks have given up and stopped paying
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More retirees are falling behind on student debt, and Uncle Sam is coming after their benefits.
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