Lenders to people with poor credit scores have found sympathetic audiences in many states, including North Carolina. The NYT reports.» Read More
The long-anticipated settlement is expected to consist of a penalty of $9.6 billion and a package of consumer-relief measures valued at $7 billion.
CNBC's Phil LeBeau says subprime auto loans surged in Q2, according to Experian.
CNBC's Phil LeBeau; John Berlau, The Competitive Enterprise Institute; and the "Closing Bell" panel discuss if the rise in subprime loans will trigger another crisis.
Smaller subprime mortgage servicers such as Nationstar benefits from bigger banks leaving the subprime business, Legg Mason's chief investment officer told CNBC on Thursday.
A U.S. judge ordered former trader Fabrice Tourre to pay more than $825,000 after a jury found him liable for defrauding investors.
Discussing the business risks associated with subprime lending, with Edward Pinto, American Enterprise Institute, and Mark Calabria, Cato Institute.
CNBC's Kayla Tausche reports how careful Wells Fargo is being as it gets back into subprime lending. If these loans run into trouble, the consumer may be able to sue the bank for giving them the loan.
Interest rate swaps - sold as a way to save money on public financing - have turned into municipal bombs.
The SEC alleged that RBS misled investors in a financial crisis-era subprime mortgage product.
CNBC's Kate Kelly aks Jamie Dimon about what JPMorgan's potential $13 billion federal settlement over mortgage suits would mean for the bank.
The percentage of auto loans that are past due is rising due to subprime borrowers, reports CNBC's Phil LeBeau.
The FHA is lending to low income home buyers with weak credit scores. Tim Pawlenty, The Financial Services Roundtable CEO; Rep. Kevin Brady (R-TX); and Meredith Whitney, Meredith Whitney Advisory Group CEO, share their opinions.
Europe's banks, which were among the biggest buyers of U.S. mortgage bonds before the financial crisis, are set to cash in on America's housing recovery by selling the once "toxic" assets back to U.S. lenders.
It seemed as if Canada had avoided the excesses of the housing bubble that hit so many nations. But now it may be catching up.
Steve Eisman, the hedge fund manager who famously bet against mortgages in the United States, has recommended investors now bet against Canada's mortgage lenders and banks.
Vacation home sales last year rose 10 percent, but one Hamptons realtor says her clients "have given up on getting mortgages — totally."
Several of the largest U.S. public home builders will report earnings next week, and analysts are looking for guidance as to whether the housing recovery may be stalling.
The U.S. housing market will see no surge at the start of spring, as fewer buyers signed contracts to purchase existing homes in February.
Lenders are increasingly approving low down payment loans, and government sponsored mortgage giant Fannie Mae is buying more of them.
In October 2007, the housing market was in the direct path of a massive foreclosure storm. Today, it is still picking up the pieces.