Wells Fargo & Co. has been sued for biased lending by Cook County, Ill. The largest U.S. mortgage lender was accused of targeting black, Hispanic and female borrowers with predatory and... Read more
The U.S. government has dispatched 55 prosecutors, FBI agents and analysts to a new financial crimes enforcement unit focusing on home mortgage abuses that fueled the 2008 economic collapse.... Read more
A new study reveals that the large number of foreclosures that led to the nation’s housing crisis was triggered by predatory lenders targeting poor minority neighborhoods. The study publishe... Read more
Wells Fargo has agreed to pay $24 million to end an investigation by eight states investigating whether the company made risky mortgages to consumers without disclosing their perils. The sta... Read more
During the housing boom, mortgage lenders were making loans to people who could never have previously qualified. Now, homeowners and government officials are increasingly taking these instit... Read more
Things have really changed in this country since 1948 when Harry Truman was President. That year, 56% of profits in the U.S. economy came as a result of manufacturing. And, at that time, 8.3... Read more
It was most interesting that President Bush quietly signed the housing bill into law with absolutely no fanfare. In fact, it was done in a private setting with nobody there. Economists, cons... Read more
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