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Crippled by millions of dollars in bad loans, First Priority Bank was seized and closed Friday by banking regulators. ...more
August 2, 2008
Congress' plan to allow people to refinance into more affordable mortgages won't just relieve thousands of homeowners - it's also expected to save the banks that issued the loans billions of dollars. ...more
July 29, 2008
Borrowers' Responsibility Regarding "Feds Adopt Plan To Protect Borrowers From Shady Lending Practices" (Nation/World, July 14): ...more
July 19, 2008
Americans are raiding their already fragile retirement piggy banks to weather financial hardships such as unemployment, medical emergencies and buying a home. ...more
July 17, 2008
Diane Klein wasn't sure what she would trust more to hold her money - IndyMac Bank or a hole in her backyard. ...more
July 17, 2008
With a foreclosure rescue bill facing an uncertain fate in Congress, federal regulators are putting the final touches on new rules designed to curb irresponsible mortgage lending and help some struggling homeowners refinance into more affordable loans. ...more
July 9, 2008
Florida's attorney general on Tuesday filed a lawsuit against Countrywide Financial Corp. for engaging in "deceptive and unfair trade practices." ...more
July 2, 2008
Florida Attorney General Bill McCollum's office said today it has filed a lawsuit against Countrywide Financial for engaging in "deceptive and unfair trade practices." The suit says Countrywide, one of the nation's largest mortgage companies, knowingly put Florida borrowers into mortgages they couldn't afford or into loans with rates and penalties that were "misleading." ...more
July 1, 2008
When Congress started fashioning a sweeping rescue package for struggling homeowners this year, 2.6 million loans were in trouble. But the problem has grown considerably in just six months and is continuing to worsen. ...more
June 29, 2008
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