Freddie Mac overstated capital base
The government's planned takeover of Fannie Mae and Freddie Mac, expected to be announced as early as Sunday, came together hurriedly after advisers poring over the companies' books for the...
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Pooled mortgages add to the troubled waters
In 2003, Dianne Brimmage refinanced the mortgage on her home in Alton, Ill., to consolidate her car and medical bills. Now, struggling with a much higher interest rate and in...
Higher mortgage rates hit sales
The unusually low interest rates of the last three years have been an enormous boon to almost every corner of the U.S. economy. They have provided consumers with dirt-cheap mortgages...
Higher mortgage rates hit sales
The unusually low interest rates of the last three years have been an enormous boon to almost every corner of the U.S. economy. They have provided consumers with dirt-cheap mortgages...
NovaStar becomes notable exhibit in subprime debacle
When Gregory and Paula Sherman wanted to refinance the mortgage on their home in Chattaroy, Wash., near Spokane, in June 2003, they went to a local mortgage broker. The broker...
Brokerage houses OK $1 billion in fines
The nation's biggest brokerage firms have agreed to pay almost $1 billion in fines to end investigations into whether they issued misleading stock recommendations and handed out hot new shares...