Subprime Mortgage Crisis News

Governor Paterson has announced a total of $1.7 million in grants as part of the state's efforts to address the subprime mortgage crisis.

There is a growing chorus among federal policy makers that may signal a major development in the subprime mortgage crisis.

IKB Deutsche Industriebank AG, a German lender badly hit by the U.S. subprime mortgage crisis, said Tuesday it had postponed its planned 1.25 billion share sale, preferring to wait for a ruling by the European ...

Democrats and Republicans queasy about a federal rescue of mortgage giants Fannie Mae and Freddie Mac are coalescing around the idea of letting the government slap limits on the multimillion-dollar pay packages ...

Senator Barack Obama's campaign faces a potential controversy over finance chairwoman Penny Pritzker's past association with Superior Bank, which failed and was seized by regulators in 2001.

Two years ago, many in the apartment industry predicted that the bursting of the real estate bubble would be a boon for rental housing.

Like most other states, Ohio has taken its share of battering as the nation's economy struggles with challenges ranging from high gasoline prices to the "subprime mortgage crisis." Here in the Ohio Valley, ...

By Martha Graybow Reuters Friday, July 18, 2008; 5:38 PM NEW YORK - The government is considering bringing further criminal charges in the case involving two former Bear Stearns executives indicted last month ...

It took a few months. But the economic woes touched off by soaring oil prices and the subprime mortgage crisis in the United States are finally engulfing Europe.

Pedestrians walk past Merrill Lynch offices in New York City. Wall Street investment giant Merrill Lynch on Thursday announced a quarterly loss of 4.6 billion dollars, driven by hefty writedowns from its bets ...

With the economy struggling the way it is, it's no small wonder that there have been some casualties along the way.

WASHINGTON -- The nation's central bank clamped down hard Monday on mortgage lenders, issuing new rules designed to curb the kind of shady practices that led to the subprime mortgage crisis.

IndyMac Bancorp Inc. became the biggest casualty of the subprime mortgage crisis on Friday, as federal regulators shut down the troubled Pasadena, Calif.-based savings bank in one of the largest U.S. bank ...

First of all, who are Fannie Mae and Freddie Mac? Fannie Mae: Is the nickname for the Federal National Mortgage Association and Freddie Mac: Is the nickname for the Federal Home Mortgage Corporation .

With falling home values, and loans in default across America, Fannie Mae and Freddie Mac might not have enough capital to survive the subprime storm.

Members of the Federal Reserve Board plan to issue new regulations for mortgage bankers.

Finance ministers from the 15 euro countries will Monday talk about how they can help cool soaring oil prices by publishing details on government oil stocks more frequently.

Swiss banks UBS and Credit Suisse would have to set aside 70 billion Swiss francs more in company capital as Switzerland's banking watchdog moves to prevent a repeat of the subprime crisis, a Swiss newspaper ...

This time, the mortgage banking industry is not taking any chances. Stung by the subprime mortgage crisis, the tightening credit market, Wall Street layoffs and other bleak economic indicators, banks are ...

The course of the softening global reinsurance market will depend heavily on how the summer Atlantic hurricane season develops and what impact that will have on renewals negotiations heading into 2009, ...