You know who the victims are. We name some of the villains in a credit crunch built on irresponsible subprime lending in the United States.
It’s not over, folks. There’s plenty of pain left to come for homeowners and investors already battered and bruised by the subprime-mortgage meltdown.
Consider that analyst Mike Mayo of Deutsche Bank predicted […]

ACORN Wants Moratorium and Tougher Laws against Predatory Lending
Pressure is building for industry and government officials to stop the wave of home foreclosures spawned by the subprime lending crises. The consumer group ACORN is the latest group to call for a halt in foreclosure proceedings.
Earlier this month, the NAACP and other civil rights groups called […]

Scam allegedly targeted consumers who had just lost their homes
The State of New Jersey has filed suit against a Gloucester County businessman who allegedly collected tens of thousands of dollars in surplus funds after misleading homeowners who had just lost their homes to foreclosure.
The state said the complaint against against Samuel E. Goodwin, III is […]