A former employee for a subsidiary of one of the nation's largest subprime lenders was sentenced Friday in Polk County to nine years in prison for a mortgage fraud scheme that spanned four counties in the Bay area. ...more

October 11, 2008

A former employee for a subsidiary of one of the nation's largest subprime lenders has been sentenced to nine years in prison for a mortgage fraud scheme that spanned four counties in the Bay area, the Florida attorney general's office said today. ...more

October 10, 2008

The former vice president of one of the nation's largest subprime lenders was convicted Wednesday for his role in a mortgage fraud scheme that involved more than 100 loans in Hillsborough, Pinellas, Polk and Pinellas counties. ...more

July 31, 2008

TAMPA - The former vice president of one of the nation's largest subprime lenders was convicted Wednesday for his role in a mortgage fraud scheme that involved more than 100 loans in Hillsborough, Pinellas, Polk and Pinellas counties. ...more

July 30, 2008

Hurricane season has begun. But this time the storm threatens to be bigger even than that which struck New Orleans. Not a physical storm but a storm of houses facing foreclosure, families uprooted, whole neighborhoods blighted by unseen forces. No, we do not have people stranded on the roof. ...more

June 11, 2008

Authorities in New York and Connecticut are investigating whether Wall Street banks hid crucial information about high-risk loans bundled into securities that were sold to investors, Connecticut's Attorney General said Saturday. ...more

January 13, 2008

Turn on your television this holiday season and chances are the movie "It's A Wonderful Life" will be playing on some channel. ...more

December 24, 2007

President Bush's plan to offer a little help for a few homeowners straining to repay adjustable-rate mortgages falls far short of financially rescuing anyone, but if it begins to restore market confidence it will be a success. ...more

December 12, 2007

Bucking conventional wisdom, a trade group for real estate agents on Monday said the battered housing market is on the verge of stabilizing and inched up its outlook for 2007 and 2008 home sales. ...more

December 11, 2007

Recent efforts to hammer out a proposal to temporarily freeze interest rates on certain troubled subprime mortgages have brought up an interesting quandary. Is it the government's job to intervene in what is in part a crisis wrought by greedy lenders and naive and imprudent borrowers? Agreed, the government should not bail out financial irresponsibility, but sometimes there's no alternative. Those opposed to any government initiative to rescue the market before 2 million loans adjust to a higher interest rate –– and borrowers are stuck with payments they cannot afford –– are forgetting that the ripple effect of not doing anything could seriously hurt the general economy. ...more

December 3, 2007