http://www.affil.org/media2/lending-in-the-news/lending-in-the-news http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/a-guide-to-how-new-credit-card-rules-could-affect-you http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/a-guide-to-how-new-credit-card-rules-could-affect-you Mon, 12 May 2008 09:23:33 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/saying-no-to-everything The New York Times Editorial Even before the House passed a new plan last week to prevent http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/saying-no-to-everything Mon, 12 May 2008 09:19:26 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/woman-countrywide-proposed-fibbing-to-get-loan NPR Countrywide, the nation's largest home lender, used to specialize in http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/woman-countrywide-proposed-fibbing-to-get-loan Mon, 12 May 2008 10:16:59 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/mortgage-holders-find-it-hard-to-walk-away-from-their-homes The New York Times As American homeowners fall behind on their mortgages in growing http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/mortgage-holders-find-it-hard-to-walk-away-from-their-homes Mon, 12 May 2008 09:22:17 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/housing-bailout-bill-seems-to-be-on-shaky-ground The New York Times WASHINGTON — Even as the housing foreclosure crisis deepens, http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/housing-bailout-bill-seems-to-be-on-shaky-ground Mon, 12 May 2008 09:25:36 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/deputy-evicts-with-a-holster-and-a-heart http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/deputy-evicts-with-a-holster-and-a-heart Mon, 12 May 2008 14:42:53 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/house-passes-housing-bill-moves-to-debate-on-larger-housing-package CQ Today The House http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/house-passes-housing-bill-moves-to-debate-on-larger-housing-package Thu, 08 May 2008 13:25:44 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/house-passes-housing-bill-moves-to-debate-on-larger-housing-package2 CQ Today The House http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/house-passes-housing-bill-moves-to-debate-on-larger-housing-package2 Thu, 08 May 2008 13:26:14 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/bush-advisers-oppose-housing-measure-and-vow-a-veto The New York Times WASHINGTON http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/bush-advisers-oppose-housing-measure-and-vow-a-veto Wed, 07 May 2008 09:08:31 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/white-house-threatens-veto-as-housing-bill-hits-floor Congress Daily The White http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/white-house-threatens-veto-as-housing-bill-hits-floor Thu, 08 May 2008 08:42:55 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/government-intensifies-mortgage-investigation The New York Times Federal agencies are intensifying a criminal investigation of the http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/government-intensifies-mortgage-investigation Mon, 05 May 2008 09:31:56 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/defendants-plead-guilty-in-cleveland-mortgage-fraud-case WKYC CLEVELAND -- Cuyahoga County Prosecutor Bill Mason announced Monday http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/defendants-plead-guilty-in-cleveland-mortgage-fraud-case Tue, 06 May 2008 08:20:44 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/fed-oks-plan-to-rein-in-unfair-deceptive-credit-cards The Chicago Tribune WASHINGTON - The Federal Reserve http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/fed-oks-plan-to-rein-in-unfair-deceptive-credit-cards Mon, 05 May 2008 09:21:07 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-fed-aims-at-credit-cards The New York Times Editorial After growing consumer complaints about hidden fees and other tricks of http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-fed-aims-at-credit-cards Mon, 05 May 2008 09:38:10 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/dodd-looks-to-move-on-credit-card-bill http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/dodd-looks-to-move-on-credit-card-bill Fri, 02 May 2008 08:00:15 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/house-panel-approves-bill-to-assist-borrowers The New York Times WASHINGTON — The House Financial Services Committee pushed forward http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/house-panel-approves-bill-to-assist-borrowers Fri, 02 May 2008 08:01:56 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/house-committee-passes-mortgage-aid-plan The New York Times WASHINGTON — The House http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/house-committee-passes-mortgage-aid-plan Fri, 02 May 2008 08:03:34 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/fdic-chief-calls-for-emergency-loan-assistance Washington Post FDIC http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/fdic-chief-calls-for-emergency-loan-assistance Thu, 01 May 2008 14:57:28 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/agency-floats-a-proposal-to-help-with-home-loans The New York Times By STEPHEN LABATON and DAVID M. HERSZENHORN http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/agency-floats-a-proposal-to-help-with-home-loans Thu, 01 May 2008 14:58:44 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/payday-lender-presses-charity-to-end-support-for-tighter-rules The Wall Street Journal By MICHAEL M. PHILLIPS Rent-A-Center http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/payday-lender-presses-charity-to-end-support-for-tighter-rules Fri, 02 May 2008 07:56:16 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/payday-lending-bill-passes-ohio-house Whiotv New 28 Percent Cap To Tighten Controls Jim Otte, Reporter COLUMBUS, Ohio -- After months of debate, http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/payday-lending-bill-passes-ohio-house Fri, 02 May 2008 07:57:52 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-road-to-a-jumbo-mortgage-was-supposed-to-get-easier The New York Times In early February, Congress gave beleaguered mortgage borrowers a rare cause for celebration. As part of the economic stimulus package, http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-road-to-a-jumbo-mortgage-was-supposed-to-get-easier Wed, 30 Apr 2008 08:33:43 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/federal-mortgage-plan-falls-short-critics-say The New York Times WASHINGTON — Fewer than 2,000 homeowners at risk of foreclosure have been helped by a Federal Housing Administration http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/federal-mortgage-plan-falls-short-critics-say Wed, 30 Apr 2008 08:43:34 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/rescuing-homeowners Our view: Federal loan guarantees urgently needed Baltimore Sun Millions of American families with subprime mortgages - including one http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/rescuing-homeowners Tue, 29 Apr 2008 08:25:44 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/panel-to-look-at-foreclosure-practices The New York Times A Senate subcommittee plans a hearing next week to investigate whether http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/panel-to-look-at-foreclosure-practices Tue, 29 Apr 2008 08:27:13 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/bankers-lobbying-hard-to-spike-credit-union-legislation Congress Daily The http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/bankers-lobbying-hard-to-spike-credit-union-legislation Tue, 29 Apr 2008 08:59:31 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/a-credit-card-crackdown Wall Street Journal Federal Regulators http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/a-credit-card-crackdown Tue, 29 Apr 2008 10:31:31 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/loan-industry-fighting-rules-on-mortgages The New York Times WASHINGTON — The mortgage industry, facing the prospect of tougher http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/loan-industry-fighting-rules-on-mortgages Mon, 28 Apr 2008 09:48:49 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/house-dems-to-rework-housing-provision-on-legal-aid Congress Daily After a http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/house-dems-to-rework-housing-provision-on-legal-aid Tue, 29 Apr 2008 08:32:38 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/fed-to-hold-public-hearings-on-bofa-countrywide-deal Associated Press By ALEX VEIGA http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/fed-to-hold-public-hearings-on-bofa-countrywide-deal Mon, 28 Apr 2008 09:13:57 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/loophole-lets-lender-skirt-law-group-says Chicago Tribune When a law governing payday loans took effect more than two years ago, http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/loophole-lets-lender-skirt-law-group-says Fri, 25 Apr 2008 14:50:52 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/triple-a-failure The New York Times Magazine In 1996, Thomas Friedman, the New York Times columnist, remarked on “The NewsHour With Jim Lehrer” that there were two superpowers in the world — the United States and Moody’s http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/triple-a-failure Fri, 25 Apr 2008 14:54:05 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/rep_-barney-franks-work-to-help-resolve-housing-crisis Christian Science Monitor Washington - When Rep. Barney Frank took over as chair of the House Financial Services Committee in 2007, he offered a "grand bargain" http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/rep_-barney-franks-work-to-help-resolve-housing-crisis Fri, 25 Apr 2008 14:55:43 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/loophole-lets-lender-skirt-law-group-says2 Chicago Tribune By Stephen Franklin |Tribune Reporter When a law governing payday loans took effect more than two years ago, http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/loophole-lets-lender-skirt-law-group-says2 Mon, 28 Apr 2008 09:10:17 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/abandoned-homes-reflect-a-crisis Houston Chronicle The high rate of subprime lending has led to thousands of http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/abandoned-homes-reflect-a-crisis Mon, 28 Apr 2008 09:17:34 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/automobile-loan-delinquencies-accelerating Some borrowers are overextended; mortgage woes affect others Houston Chronicle http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/automobile-loan-delinquencies-accelerating Mon, 28 Apr 2008 10:38:43 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/abandoned-homes-reflect-a-crisis2 Houston Chronicle By NANCY SARNOFF http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/abandoned-homes-reflect-a-crisis2 Mon, 28 Apr 2008 10:53:10 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/fed-meeting-on-mortgage-mega-merger (Alan White, Consumer Law and Policy Blog) A long list of community development and housing activists gathered http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/fed-meeting-on-mortgage-mega-merger Wed, 23 Apr 2008 09:27:11 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/lenders-swamped-by-delinquent-mortgages The Washington Post, By Dina ElBoghdady: Seven out of 10 troubled mortgage borrowers remain without a plan to http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/lenders-swamped-by-delinquent-mortgages Wed, 23 Apr 2008 09:29:52 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/making-credit-safer--the-case-for-regulation Harvard Magazine, By Elizabeth Warren: It is impossible to buy a toaster that has a one-in-five chance of bursting into flames and burning down your house. But it is possible to refinance your home with a mortgage that has the same one-in-five chance of putting your family out on the street—and the mortgage won’t even carry a disclosure of that fact. Read more (PDF). http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/making-credit-safer--the-case-for-regulation Wed, 23 Apr 2008 09:31:57 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/countrywide-ripped-at-hearing Chicago Tribune http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/countrywide-ripped-at-hearing Thu, 24 Apr 2008 07:54:23 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/no-help-for-70-of-subprime-borrowers CNN Money By Les Christie, CNNMoney.com staff writer NEW YORK (CNNMoney.com) -- Seven out of 10 seriously delinquent http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/no-help-for-70-of-subprime-borrowers Thu, 24 Apr 2008 09:50:18 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/us-states-find-little-change-in-mortgage-servicing Reuters WASHINGTON, April 22 (Reuters) - Months of efforts by the http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/us-states-find-little-change-in-mortgage-servicing Thu, 24 Apr 2008 09:56:41 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/foreclosures-to-affect-6_5-mln-loans-by-2012-report Reuters NEW YORK, April 22 (Reuters) - Falling U.S. home prices and http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/foreclosures-to-affect-6_5-mln-loans-by-2012-report Fri, 25 Apr 2008 11:13:43 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/homeowners-take-mortgage-crisis-to-the-grounds-of-the-governors-mansion Workday Minnesota ST. PAUL - In response to Governor http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/homeowners-take-mortgage-crisis-to-the-grounds-of-the-governors-mansion Mon, 21 Apr 2008 09:23:05 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/alexandria-tax-plan-targets-payday-loans http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/alexandria-tax-plan-targets-payday-loans Mon, 21 Apr 2008 15:02:21 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/1-in-49-projected-to-lose-homes-in-mississippi Clarion Ledger On the verge of losing her Jackson home to foreclosure because of an http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/1-in-49-projected-to-lose-homes-in-mississippi Mon, 21 Apr 2008 09:08:53 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/payday-loans-may-be-a-thing-of-the-past-by-next-year http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/payday-loans-may-be-a-thing-of-the-past-by-next-year Mon, 21 Apr 2008 09:13:44 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/rights-bill-pondered-for-users-of-credit-cards Baltimore Sun Dan Thanh Dang | http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/rights-bill-pondered-for-users-of-credit-cards Mon, 21 Apr 2008 09:16:39 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/california-groups-urge-feds-to-prevent-foreclosures New America Media San Francisco Bay View, News Report, Kevin Stein, Posted: Apr 20, 2008 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/california-groups-urge-feds-to-prevent-foreclosures Mon, 21 Apr 2008 09:24:52 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/piling-on-borrowers-buried-by-fees The New York Times SLOWLY but surely, a handful of public-minded bankruptcy court judges http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/piling-on-borrowers-buried-by-fees Mon, 21 Apr 2008 09:35:44 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/piling-on-borrowers-buried-by-fees2 The New York Times SLOWLY but surely, a handful of public-minded bankruptcy court judges http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/piling-on-borrowers-buried-by-fees2 Mon, 28 Apr 2008 10:44:51 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/house-passes-bill-to-expand-u_s_-loans-for-students The New York Times By DAVID M. HERSZENHORN http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/house-passes-bill-to-expand-u_s_-loans-for-students Fri, 18 Apr 2008 08:21:17 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/ohio-house-tackles-payday-lending http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/ohio-house-tackles-payday-lending Fri, 18 Apr 2008 09:08:13 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/house-backs-bill-to-boost-student-loans The http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/house-backs-bill-to-boost-student-loans Mon, 21 Apr 2008 08:50:57 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/black-media-leaders-launch-arizona-campaign-to-educate-borrowers-on-subprime-loans-foreclosures The Business Journal of Phoenix Black media executives vowed Thursday to highlight subprime lending http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/black-media-leaders-launch-arizona-campaign-to-educate-borrowers-on-subprime-loans-foreclosures Mon, 21 Apr 2008 08:52:53 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/mueller-expects-more-corporate-fraud-cases ABC News By JASON RYAN April 18, 2008 The number of corporate fraud cases the FBI investigates is set to rise http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/mueller-expects-more-corporate-fraud-cases Mon, 21 Apr 2008 08:55:47 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/not-much-of-a-watchdog The New York Times Editorial It is probably safe to say that regulation — especially when it comes http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/not-much-of-a-watchdog Thu, 17 Apr 2008 08:21:59 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/arkansas-ag-says-payday-lenders-still-trying-to-collect Legal Newsline LITTLE ROCK, Ark. (Legal Newsline)-Attorney General Dustin McDaniel http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/arkansas-ag-says-payday-lenders-still-trying-to-collect Thu, 17 Apr 2008 08:24:01 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/regulators-oppose-rep-maloneys-credit-card-proposal CNNMoney By Patrick Yoest Of DOW JONES NEWSWIRES http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/regulators-oppose-rep-maloneys-credit-card-proposal Thu, 17 Apr 2008 11:34:09 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/lawmakers-look-at-credit-card-bill Houston Chronicle Airline passengers didn't get one, but a bill of rights may in the cards for another equally riled group of customers. http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/lawmakers-look-at-credit-card-bill Thu, 17 Apr 2008 11:37:47 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/mortgage-exec-incentives-face-increased-federal-industry-scrutiny Christian Science Monitor The financial industry faces growing pressure to change the pay incentives that helped stoke a great mortgage boom and bust. http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/mortgage-exec-incentives-face-increased-federal-industry-scrutiny Fri, 18 Apr 2008 08:28:17 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/payday-lending-hearings-underway-in-columbus http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/payday-lending-hearings-underway-in-columbus Mon, 21 Apr 2008 08:57:56 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/payday-lending-hearings-underway-in-columbus2 Springfield News-Sun http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/payday-lending-hearings-underway-in-columbus2 Mon, 21 Apr 2008 09:05:39 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/big-tax-breaks-for-businesses-in-housing-bill The New York Times As the federal government debates responses to the foreclosure crisis, http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/big-tax-breaks-for-businesses-in-housing-bill Wed, 16 Apr 2008 12:14:14 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/foreclosures-push-states-to-try-a-mix-of-solutions The New York Times As the federal government debates responses to the foreclosure crisis, http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/foreclosures-push-states-to-try-a-mix-of-solutions Wed, 16 Apr 2008 12:26:55 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/banking-on-barney-frank Mother Jones Washington Dispatch: Consumer http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/banking-on-barney-frank Wed, 16 Apr 2008 13:57:16 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/mueller-subprime-debacle-probe-expanded ABC News The FBI has again expanded its probe into the subprime mortgage http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/mueller-subprime-debacle-probe-expanded Fri, 18 Apr 2008 08:36:22 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/unequal-terms-black-americans-given-less-access-to-credit-than-whites-report-finds Market Watch By Gail Liberman and Alan Lavine Credit is not color-blind, http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/unequal-terms-black-americans-given-less-access-to-credit-than-whites-report-finds Tue, 15 Apr 2008 08:16:50 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/senators-advocate-helping-student-lenders-amid-credit-crunch Houston Chronicle WASHINGTON — Under pressure from industry, key senators on Tuesday http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/senators-advocate-helping-student-lenders-amid-credit-crunch Wed, 16 Apr 2008 14:02:21 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/foreclosure-politics The New York Times Editorial With foreclosures running at about 20,000 per week, at least 100,000 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/foreclosure-politics Mon, 14 Apr 2008 09:07:50 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/paying-irs-by-credit-card-may-be-easy-but-may-not-be-smart Pittsburgh Post-Gazette By Tim Grant For taxpayers who owe money to the government tomorrow and don't http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/paying-irs-by-credit-card-may-be-easy-but-may-not-be-smart Mon, 14 Apr 2008 09:44:37 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/swept-up-in-credit-crisis--credit-crunched--how-the-mess-affects-a-new-home-buyer-and-a-high-school-senior Chicago Sun-times BY FRANCINE KNOWLES fknowles@suntimes.com http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/swept-up-in-credit-crisis--credit-crunched--how-the-mess-affects-a-new-home-buyer-and-a-high-school-senior Mon, 14 Apr 2008 13:53:19 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/unequal-terms-black-americans-given-less-access-to-credit-than-whites-report-finds2 Market Watch By Gail Liberman and Alan Lavine Credit is not color-blind, http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/unequal-terms-black-americans-given-less-access-to-credit-than-whites-report-finds2 Tue, 15 Apr 2008 08:17:26 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/fannie-warns-homeowners-who-walk-away San Francisco Chronicle The country's two largest http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/fannie-warns-homeowners-who-walk-away Mon, 14 Apr 2008 09:37:57 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/majoring-in-plastic-with-easy-access-to-credit-cards-students-pick-up-the-debt-habit-early http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/majoring-in-plastic-with-easy-access-to-credit-cards-students-pick-up-the-debt-habit-early Mon, 14 Apr 2008 09:58:29 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/your-credit-score-may-rise-or-fall-depending-on-loan-type-lender Fox Business Marty Orgel http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/your-credit-score-may-rise-or-fall-depending-on-loan-type-lender Mon, 14 Apr 2008 13:57:05 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/even-renters-arent-safe The New York Times ON a cold evening in March, Desiree Dookhoo was at home in Ozone Park, Queens, http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/even-renters-arent-safe Mon, 14 Apr 2008 14:03:29 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/housing-aid-advancing-in-congress The New York Times By DAVID M. HERSZENHORN http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/housing-aid-advancing-in-congress Thu, 10 Apr 2008 08:27:08 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/for-many-a-boom-that-wasnt How has the United States economy gotten to this point? The New York Times By DAVID LEONHARDT It’s not just the apparent recession. Recessions happen. If you http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/for-many-a-boom-that-wasnt Wed, 09 Apr 2008 13:54:15 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/subprime-lenders-failure-sparks-lawsuit-against-wall-street-banks People Who Bought http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/subprime-lenders-failure-sparks-lawsuit-against-wall-street-banks Wed, 09 Apr 2008 13:57:33 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/looming-deficit-impedes-federal-housing-agency By RACHEL L. SWARNS http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/looming-deficit-impedes-federal-housing-agency Wed, 09 Apr 2008 14:03:30 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/chances-of-homeowner-relief-losing-momentum-in-senate The New York Times By DAVID M. HERSZENHORN http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/chances-of-homeowner-relief-losing-momentum-in-senate Wed, 09 Apr 2008 14:09:07 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/ex-subprime-brokers-help-troubled-homeowners NPR by Chris Arnold All Things Considered http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/ex-subprime-brokers-help-troubled-homeowners Thu, 10 Apr 2008 07:54:31 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/beware-of-risks-of-co-signing-a-loan Baltimore Sun http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/beware-of-risks-of-co-signing-a-loan Tue, 08 Apr 2008 09:02:46 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/business-forum-credit-industry-led-to-bankruptcy-filings Star Tribune Minneapolis - St. Paul, Minnesota A ringside seat in bankruptcy court: On the front http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/business-forum-credit-industry-led-to-bankruptcy-filings Mon, 07 Apr 2008 08:52:59 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/senate-panel-debates-aid-for-home-borrowers Philadelphia Inquirer By Harold Brubaker http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/senate-panel-debates-aid-for-home-borrowers Tue, 08 Apr 2008 09:01:04 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/attempts-to-stem-abusive-practices-failed Sun-Sentinal By Stanley I. Foodman Recent news stories about the "mortgage meltdown" give the impression that predatory lending is something new. It's not. http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/attempts-to-stem-abusive-practices-failed Mon, 07 Apr 2008 08:33:54 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/ex-insider-tells-how-subprime-lenders-spun-out-of-control The Dallas Morning News By CHERYL HALL http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/ex-insider-tells-how-subprime-lenders-spun-out-of-control Mon, 07 Apr 2008 08:46:49 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/tricky-task-of-offering-aid-to-homeowners The New York Times By DAVID M. HERSZENHORN and VIKAS BAJAJ http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/tricky-task-of-offering-aid-to-homeowners Mon, 07 Apr 2008 09:02:44 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/a-road-not-taken-by-lenders The New York Times By GRETCHEN MORGENSON http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/a-road-not-taken-by-lenders Mon, 07 Apr 2008 09:04:50 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/housing-crisis-hits-its-own Mortgage Bankers Group Faced With Tougher Times Washington Post A year ago, the Mortgage Bankers Association http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/housing-crisis-hits-its-own Thu, 17 Apr 2008 11:31:18 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/senate-rejects-a-proposal-to-allow-bankruptcy-judges-to-alter-home-mortgages The New York Times By DAVID M. HERSZENHORN http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/senate-rejects-a-proposal-to-allow-bankruptcy-judges-to-alter-home-mortgages Fri, 04 Apr 2008 09:30:05 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/81-in-poll-say-nation-is-on-the-wrong-track The New York Times Americans are more dissatisfied with the country’s direction than at http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/81-in-poll-say-nation-is-on-the-wrong-track Fri, 04 Apr 2008 10:26:22 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/elderly-couple-files-first-lawsuit-under-new-anti-predatory-lending-law http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/elderly-couple-files-first-lawsuit-under-new-anti-predatory-lending-law Mon, 07 Apr 2008 08:30:46 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/unsold-homes-tie-down-would-be-transplants The New York Times By LOUIS UCHITELLE http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/unsold-homes-tie-down-would-be-transplants Thu, 03 Apr 2008 08:13:14 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/mccain-and-clinton-ads-spar-over-mortgage-crisis The New York Times By MICHAEL COOPER http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/mccain-and-clinton-ads-spar-over-mortgage-crisis Thu, 03 Apr 2008 08:15:53 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/in-senate-agreement-on-housing The New York Times By DAVID M. HERSZENHORN http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/in-senate-agreement-on-housing Thu, 03 Apr 2008 08:21:53 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/fighting-back-against-foreclosure New York Judge Denies Foreclosure Based on Alleged Predatory Lending ABC News http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/fighting-back-against-foreclosure Fri, 04 Apr 2008 08:34:20 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/steps-to-keep-predatory-lenders-at-bay ABC News In an interview with ABC News, Jessica Attie, a lawyer with South http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/steps-to-keep-predatory-lenders-at-bay Mon, 07 Apr 2008 09:01:00 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/activists-want-new-lending-laws By NICOLA M. WHITE http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/activists-want-new-lending-laws Wed, 02 Apr 2008 09:30:07 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/a-bipartisan-bid-on-mortgage-aid-is-gaining-speed The New York Times By DAVID M. HERSZENHORN and VIKAS BAJAJ http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/a-bipartisan-bid-on-mortgage-aid-is-gaining-speed Wed, 02 Apr 2008 09:37:39 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/senators-agree-to-make-deal-on-housing Compromise Could End Republican Resistance The Washington Post http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/senators-agree-to-make-deal-on-housing Wed, 02 Apr 2008 10:57:59 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/collectors-spent-1_9-million-to-lobby-congress Lobbying spending on Capitol Hill by the ARM industry grew in 2007 to around $1.9 million as trade groups and individual companies sought face time with Congress. by Patrick Lunsford insideARM.comThe accounts receivable management industry spent at least $1.86 million to lobby members of Congress in 2007, up from $1.6 million in 2006, according to public records from the Center for Responsive Politics (CRP). Nearly one-third of the spending was by government collections specialist Linebarger Goggan Blair & Sampson,But the dollars spent total is probably higher than that. CRP cautions that lobbying reports are still coming in from the Senate's Office of Public Records, the source for the data. Companies and trade groups that spend money lobbying Congress are required to file documents every year tracking their spending and the firms they hire. The CRP, a non-partisan research group, gathers the data and posts it on its Web site. Collection industry groups could spend lobbying dollars on a wide variety of issues, from Fair Debt Collection Practices Act reform to government collection contracts.The biggest spender in the industry was Austin, Texas-based Linebarger, paying $650,000 in 2007 on lobbying, up from the $525,000 it spent in 2006. Linebarger was one of the original three companies that worked on the IRS private debt collection contract, but the firm left the contract in early 2007.Sallie Mae's subsidiary Pioneer Credit Recovery is one of two collection agencies still working on the IRS contract. The other, Waterloo, Iowa-based CBE Group, reported spending $200,000 lobbying Congress last year. (On the other side of the issue, the program's main opposition, the National Treasury Employees Union, spent $571,000 on lobbying in 2007.) Other major ARM spenders include industry trade group ACA International doling out last year $460,000, down from the $680,000 it spent in 2006. Debt buyers' group DBA International said it spent $82,000 last year, up from $40,000 in 2006. Several individual companies also made an appearance on the list, some for the first time. ARM industry heavyweight NCO Group spent $70,000 on lobbying efforts, up from the $40,000 it spent in 2006. Outsourcing Solutions, Inc. (OSI) * which NCO recently acquired ("NCO Group Completes Acquisition of OSI," March 3) * paid lobbyists $120,000 in 2007 compared with $40,000 in 2006. Toledo, Ohio-based United Collection Bureau spent $120,000 on lobbying last year, doubling the amount it spent in 2006. Canadian collection agency Allied International Credit Corp., Buffalo, N.Y.-based Creditors Interchange, and Houston-based GC Services all reported paying lobbyists $40,000 each last year. West Asset Management, a division of call center operator West Corp., also spent $40,000 on lobbying in 2007, a year that marked WAM's first entry on the list. Putting together a total spending figure for the industry is complicated by the nature of the business. For example, student loan provider Sallie Mae * which has extensive debt collection operations * reported spending $4,040,000 on lobbying last year. But the company did not report how much it spent specifically on debt collection or ARM lobbying. http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/collectors-spent-1_9-million-to-lobby-congress Tue, 01 Apr 2008 15:27:54 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/editorial-credit-crunch-more-regulation-please TradingMarkets.com (St. Louis Post-Dispatch - McClatchy-Tribune Information http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/editorial-credit-crunch-more-regulation-please Wed, 02 Apr 2008 09:17:42 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/regulation-pendulum-swinging-the-other-way Administration proposal for more market oversight highlights shift in thinking. The Boston Globe http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/regulation-pendulum-swinging-the-other-way Wed, 02 Apr 2008 09:23:57 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/chase-mortgage-memo-pushes-cheats--tricks The bank says it never backed the strategies, which detail how http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/chase-mortgage-memo-pushes-cheats--tricks Mon, 31 Mar 2008 11:03:27 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-dilbert-strategy The New York Times Anyone who has worked in a large organization — or, for that matter, http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-dilbert-strategy Mon, 31 Mar 2008 12:10:17 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/key-mccain-advisors-were-lobbyists-for-shady-lender Daily News BY DAVID SALTONSTALL http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/key-mccain-advisors-were-lobbyists-for-shady-lender Mon, 31 Mar 2008 12:28:34 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/obama-blasts-countrywide-over-bonuses-housing-crisis Bloomberg http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/obama-blasts-countrywide-over-bonuses-housing-crisis Tue, 01 Apr 2008 10:39:57 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/us-where-jobs-are-scarce-and-bellies-are-empty The Peninsula by James Doran in New York http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/us-where-jobs-are-scarce-and-bellies-are-empty Mon, 31 Mar 2008 12:20:55 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/delco-ordeal-offers-look-at-lending-practices The Philadelphia Inquirer http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/delco-ordeal-offers-look-at-lending-practices Mon, 31 Mar 2008 12:34:44 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/foreclosure-machine-thrives-on-woes The New York Times By GRETCHEN MORGENSON and JONATHAN D. GLATER NOBODY wins when a home enters foreclosure — neither the borrower, who http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/foreclosure-machine-thrives-on-woes Mon, 31 Mar 2008 14:39:41 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/plastic-card-tricks The New York Times Editorial Americans are struggling with a very rocky economy while they are http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/plastic-card-tricks Mon, 31 Mar 2008 11:45:43 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/obama-casts-wide-blame-for-financial-crisis-and-proposes-homeowner-aid New York Times By MICHAEL POWELL and JEFF ZELENY http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/obama-casts-wide-blame-for-financial-crisis-and-proposes-homeowner-aid Fri, 28 Mar 2008 08:03:11 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/loans-and-leadership New York Times By PAUL KRUGMAN http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/loans-and-leadership Fri, 28 Mar 2008 08:08:43 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/subprime-politics-donations-from-industry--workers-becomes-a-liability The Wall Street Journal By CHRISTOPHER COOPER Barack Obama was still plowing through his economic speech Thursday in http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/subprime-politics-donations-from-industry--workers-becomes-a-liability Fri, 28 Mar 2008 08:52:24 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/parties-differ-on-whom-economic-aid-should-help The New York Times By EDMUND L. ANDREWS http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/parties-differ-on-whom-economic-aid-should-help Fri, 28 Mar 2008 14:29:22 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/phila_-sheriffs-home-sales-suspended By Jeff Shields http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/phila_-sheriffs-home-sales-suspended Fri, 28 Mar 2008 14:32:20 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-perils-of-one-stop-shopping The San Franciso Chronicle By Carol Lloyd, Special to SF Gate Last week I wrote about some homeowners filing suit against KB Homes http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-perils-of-one-stop-shopping Mon, 31 Mar 2008 10:59:13 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/quick-housing-deal-isnt-likely http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/quick-housing-deal-isnt-likely Mon, 31 Mar 2008 11:52:51 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/paulson-to-propose-new-regulators-sec-cftc-merger Bloomberg By Jesse Westbrook and John Brinsley http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/paulson-to-propose-new-regulators-sec-cftc-merger Mon, 31 Mar 2008 12:17:16 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/how-not-to-prevent-foreclosures How Not to Prevent Foreclosures With foreclosures surging, the last thing the nation needs is another http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/how-not-to-prevent-foreclosures Fri, 28 Mar 2008 08:10:47 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/mccain-addresses-housing-crisis-options McCain Addresses Housing Crisis Options http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/mccain-addresses-housing-crisis-options Fri, 28 Mar 2008 08:12:31 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/wall-street-journal3 Colleges Turn Away From Private Lenders http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/wall-street-journal3 Tue, 25 Mar 2008 08:49:41 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-washington-post17 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-washington-post17 Tue, 25 Mar 2008 15:07:14 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-new-york-times111111 Justice Department Is Gathering Data on Mortgage Industry By REUTERS http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-new-york-times111111 Mon, 24 Mar 2008 08:12:51 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-new-york-times111112 Making Sense of a Scared New World http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-new-york-times111112 Mon, 24 Mar 2008 12:12:10 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-new-york-times111115 Taming the Beast We’re now in the midst of an epic financial crisis, which ought to be at the center of the election debate. But it isn’t. Now, I don’t expect presidential campaigns to have all the answers http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-new-york-times111115 Mon, 24 Mar 2008 12:30:09 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/chicago-tribune States to Payday Lenders: Denied http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/chicago-tribune Mon, 24 Mar 2008 08:17:35 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/san-francisco-chronicle College Loans Harder to Get Kathleen Pender http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/san-francisco-chronicle Mon, 24 Mar 2008 09:20:02 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/forbes5 FEATURE-'Pay day' loans exacerbate U.S. housing crisis 03.23.08, http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/forbes5 Mon, 24 Mar 2008 12:11:09 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-new-york-times111113 WASHINGTON — As Congress and the Bush administration struggle to http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-new-york-times111113 Mon, 24 Mar 2008 12:15:33 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-new-york-times111114 By NELSON D. SCHWARTZ and JULIE CRESWELL http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-new-york-times111114 Mon, 24 Mar 2008 12:18:56 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-washington-post16 "My House. My Dream. It Was All an Illusion" http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-washington-post16 Mon, 24 Mar 2008 09:16:47 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/abc7-chicago Conference Examines Subprime Loan Crises Effects on African Americans By Leah Hope http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/abc7-chicago Fri, 21 Mar 2008 09:53:05 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-wall-street-journal6 Mortgage Mess Hits Home for Nation's Small Builders Delinquencies Rise, Hitting Local Banks; Mr. Whitlatch Folds By MICHAEL CORKERY TWINSBURG, Ohio -- In the first wave of the housing http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-wall-street-journal6 Fri, 21 Mar 2008 09:59:57 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/houston-chronicle Safeguards Eased as Lure of Subprime Profits Grew Concerns about borrowers' income, shady data ignored, loan reviewers say http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/houston-chronicle Mon, 24 Mar 2008 08:30:03 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-new-york-times11119 The Affluent, Too, Couldn't Resist Adjustable Rates: By JANE BIRNBAUM, http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-new-york-times11119 Thu, 20 Mar 2008 14:02:18 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/los-angeles-times4 State breaks up alleged sub-prime fraud ring 5 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/los-angeles-times4 Thu, 20 Mar 2008 08:17:08 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-new-york-times111110 Dismal Year Is Forecast for Car Sales By BILL VLASIC DETROIT — The American auto industry is bracing for what may be its worst year in a decade. Several industry forecasters have sharply cut their projections for new-vehicle sales to less than 15.5 million this year, and abandoned rosy predictions for a rebound in the second half. The gloomy outlook —reflecting credit turmoil, the housing crisis and the softening economy — will probably lead to more production cuts by car companies. But the good news for buyers is that they can expect better deals to draw them into the showroom. The broader economic woes prompted the marketing firm J. D. Power & Associates to cut its annual forecast to 14.95 million vehicles, from 15.7 million — the lowest sales level since 1995. “The auto market is entering into a true recessionary phase, which is something we have not seen in the last 10 years,” said Bob Schnorbus, the firm’s chief economist. The industry has been selling at an annualized rate of 15.2 million vehicles through the first three months of the year, but appears headed for an even worse spring season. Moreover, analysts are now hedging predictions for a stronger second half of the year, despite the Federal Reserve’s move on Tuesday to cut interest rates to stabilize the financial markets. With consumers short of cash and deep in debt, many prospective buyers are finding it difficult to secure financing for a new car. Automotive finance companies are fearful of repeating the mistakes of subprime lenders in the housing industry and are generally declining to make risky vehicle loans. “We are faced with the dilemma of lowering our credit standards to put them in a car, or saying no,” said Michael J. Jackson, chairman of AutoNation, the largest auto retailer in the United States. “And we’re telling them no.” Mr. Jackson said that another class of customer was ready and able to buy, but was holding out for higher incentives. “They’re not sure that the pricing has reached its bottom,” he said. “They think there may be another mother-of-all incentive programs on the horizon.” Ken Peress, a college administrator in Sault Ste. Marie, Mich., is in that camp. “I’m looking for a fun car to buy, but I’m also looking for the best possible deal,” Mr. Peress said. “I want to see what the manufacturers are going to do with deals, negotiating and financing.” Analysts expect that automakers will soon open the spigot on cash rebates and other incentives to drive more traffic into the showrooms. The highest annual average for incentives was in 2004, when automakers put $2,603 worth of rebates on the hood. The average in January and February of this year was $2,469 for each car, said Jesse Toprak, executive director for industry analysis for the buying guide site Edmunds.com. “We expect incentives to go up and go up soon,” Mr. Toprak said. “We might even reach record numbers.” So far this year, Detroit’s Big Three automakers have chosen to cut production levels to reduce inventories rather than begin an incentive war. “Because of the new U.A.W. contract, the manufacturers have much more flexibility to adjust production at the plant level,” said Mr. Schnorbus of J. D. Power. Robert L. Nardelli, the chairman of Chrysler, said his company had already committed to extensive production cuts this year. “We didn’t build in a second-half recovery,” Mr. Nardelli said in a speech Wednesday at the New York International Auto Show. But he added that higher gas prices and the worsening economy were “hard to anticipate” and the market could be worse than Chrysler projected. “If we were wrong and not conservative enough, we’ll be quick to adjust,” he said. Alan Mulally, chief executive of the Ford Motor Company, told an investors conference Wednesday that Ford’s production plan for 2008 was based on industry sales of 15.7 million new vehicles. He said that first-quarter sales came in “at the low end” of what the company expected. Despite weakness in the market, Mr. Mulally played down any need for Ford to accelerate its overhaul efforts to offset lower sales. “We have the cash, we have the liquidity,” he said. “We just have to stay on our plan.” Chrysler, Ford and General Motors are all in the midst of major reorganizations that include further cuts in their blue-collar work forces. Both Ford and G.M. have made lucrative buyout offers to every unionized employee in the United States. Full Article http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-new-york-times111110 Fri, 21 Mar 2008 09:53:36 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-new-york-times11117 Can't Grasp Credit Crisis? Join the Club: By DAVID LEONHARDT, http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-new-york-times11117 Thu, 20 Mar 2008 09:50:53 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/chicago-sun-times Banks bailed out, homeowners sinking http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/chicago-sun-times Tue, 18 Mar 2008 08:30:26 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-national-law-journal Subprime-Related Filings in Federal Court Increase Dramatically http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-national-law-journal Tue, 18 Mar 2008 11:39:29 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/newsweek3 Confessions of a Subprime Lender http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/newsweek3 Thu, 20 Mar 2008 09:51:48 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-boston-globe8 Education officials reassure students http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-boston-globe8 Wed, 19 Mar 2008 10:46:19 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-new-york-times11118 Rescue Tests the Fed's Credability By EDMUND L. ANDREWS http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-new-york-times11118 Thu, 20 Mar 2008 14:04:01 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/reuters3 Housing group challenges Fed's Bear Stearns deal By Joanne Morrison http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/reuters3 Tue, 18 Mar 2008 08:27:27 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/baltimore-sun Seeking economic answers http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/baltimore-sun Tue, 18 Mar 2008 11:41:12 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/national-public-radio Frank: Use $300 Billion to Fight Foreclosures: More help could be on the way for people struggling to pay off their home loans. Rep. Barney Frank of Massachusetts wants the federal government to refinance up to $300 billion worth of troubled mortgages. Read more. http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/national-public-radio Thu, 20 Mar 2008 14:06:26 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-new-york-times11116 White House Offers Plan to Ward Off Credit Crises http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-new-york-times11116 Tue, 18 Mar 2008 08:16:26 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/forbes4 Ahead of the Bell: Student Loans Associated Press 03.14.08, http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/forbes4 Tue, 18 Mar 2008 08:18:27 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-denver-post The Denver Post - Denver,CO,USA http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-denver-post Thu, 13 Mar 2008 10:59:44 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/bloomberg_net3 Paulson Proposes More Scrutiny After Mortgage Crisis (Update1) http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/bloomberg_net3 Thu, 13 Mar 2008 10:41:12 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/cnn-money2 Subprime alternative: FHA reform deal closeLawmakers say they're optimistic that they'll be able to send a bill to President Bush for his signature by April. By Jeanne Sahadi, CNNMoney.com senior writer Last Updated: March 10, 2008: 7:40 PM EDT NEW YORK (CNNMoney.com) -- By early April, both chambers of Congress http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/cnn-money2 Thu, 20 Mar 2008 14:05:51 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/all-things-considered-national-public-radio White House Unveils Plan to Overhaul Credit Rules: [Ira] Rheingold [of the National Association of Consumer Advocates] said it's frustrating that the Bush administration took so long to acknowledge the mortgage crisis. But Rheingold also said the administration was gradually becoming less doctrinaire about its free-market principles. "The fact that they're offering proposals, that says that the government actually has a role here and that the government needs to step in and regulate a marketplace that has failed is a big move for this administration," he said. Read more. http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/all-things-considered-national-public-radio Fri, 14 Mar 2008 09:17:25 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-washington-post15 Legislators Seek to Stanch Spate of Home Foreclosures http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-washington-post15 Fri, 14 Mar 2008 11:06:42 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/newsweek2 Newsweek - USA http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/newsweek2 Thu, 13 Mar 2008 10:38:40 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-new-york-times11114 Fed Hopes to Ease Strain on Economic Activity By EDMUND L. ANDREWS http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-new-york-times11114 Thu, 13 Mar 2008 11:01:45 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-new-york-times11115 Fed Hopes to Ease Strain on Economic Activity By EDMUND L. ANDREWS http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-new-york-times11115 Thu, 13 Mar 2008 11:02:15 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/wall-street-journal2 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/wall-street-journal2 Tue, 11 Mar 2008 14:24:54 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/los-angeles-times3 Baldwin Park May Ban Payday Advance Stores By Hector Becerra, Los Angeles Times Staff Writer http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/los-angeles-times3 Mon, 10 Mar 2008 08:46:52 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-boston-globe7 Entering the repossession lane: Default rate soars on auto loans in pattern likened to mortgage crisis, By Jenn Abelson Read the full article. http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-boston-globe7 Fri, 07 Mar 2008 13:54:09 -0600 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/denver-post Put the squeeze on payday loans By The Denver Post Article Last Updated: 03/07/2008 10:39:32 PM MST http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/denver-post Thu, 13 Mar 2008 11:06:20 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-new-york-times11113 Mortgage Defaults Reach a New High By VIKAS BAJAJ http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-new-york-times11113 Fri, 07 Mar 2008 12:22:38 -0600 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/reuters2 Risky Lending Far Higher in Minority Areas: Report ATLANTA (Reuters) - Defunct "high-risk" mortgage lenders were far http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/reuters2 Mon, 10 Mar 2008 08:44:27 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-new-york-times11111 Bush and Fed Step Towards a Mortgage Rescue By EDMUND L. ANDREWS and VIKAS BAJAJ http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-new-york-times11111 Wed, 05 Mar 2008 07:59:37 -0600 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-new-york-times11112 Editorial Hope When? A report issued Monday by Hope Now, the White House-backed mortgage http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-new-york-times11112 Wed, 05 Mar 2008 08:01:19 -0600 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-new-york-times1119 Relief for Homeowners is Given to a Relative Few By EDMUND L. ANDREWS http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-new-york-times1119 Tue, 04 Mar 2008 07:53:14 -0600 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-new-york-times11110 In Deal with Cuomo, Mortgage Giants Accept Appraisal Standards By VIKAS BAJAJ http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-new-york-times11110 Tue, 04 Mar 2008 07:56:57 -0600 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-new-york-times1116 Bill Would Set Forclosure Moratorium By MANNY FERNANDEZ http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-new-york-times1116 Mon, 03 Mar 2008 08:14:44 -0600 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-washington-post14 Credit Crisis May Make College Loans More Costly http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-washington-post14 Thu, 06 Mar 2008 09:01:32 -0600 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-associated-press6 Payday Loan Foes Aim at Car-Title Loans By DENA POTTER – 18 hours ago http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-associated-press6 Mon, 03 Mar 2008 08:12:14 -0600 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-new-york-times1117 Tapping into Home Can Be a Pitfall for the Elderly By CHARLES DUHIGG http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-new-york-times1117 Mon, 03 Mar 2008 08:18:50 -0600 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-washington-post13 Banking Fees Are Rising And Often Undisclosed Undercover Teams Can't Pry Data from Branches http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-washington-post13 Mon, 03 Mar 2008 10:32:15 -0600 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-new-york-times1118 U.S. Seeks Sanctions Against Lenders By GRETCHEN MORGENSON http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-new-york-times1118 Mon, 03 Mar 2008 08:24:29 -0600 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-boston-globe3 Lender Ordered To Halt Forclosures http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-boston-globe3 Wed, 27 Feb 2008 10:07:33 -0600 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-new-york-times1114 Editorial: Getting Real About the Rescue Published: February 27, 2008 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-new-york-times1114 Wed, 27 Feb 2008 10:10:02 -0600 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-new-york-times1115 Bush Voes to Veto Mortgage Relief Bill By EDMUND L. ANDREWS http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-new-york-times1115 Wed, 27 Feb 2008 10:11:39 -0600 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-washington-post12 Door Could Open to Class Actions By David Cho http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-washington-post12 Wed, 27 Feb 2008 10:14:20 -0600 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-new-york-times1113 Forclosure Aid Rising Locally, as is Dissent By WILLIAM YARDLEY http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-new-york-times1113 Tue, 26 Feb 2008 07:54:37 -0600 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/los-angeles-times2 Aid on Home Loans Sought Judges would be allowed to rewrite mortgage terms under a Democratic plan. Critics fear rate hikes. http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/los-angeles-times2 Tue, 26 Feb 2008 08:06:26 -0600 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/bloomberg_net U.S. Home Foreclosures Jump 90% as http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/bloomberg_net Tue, 26 Feb 2008 08:56:26 -0600 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/bloomberg_net2 States Seek Congress's Aid as Subprime Boosts Costs (Update1) http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/bloomberg_net2 Tue, 26 Feb 2008 10:53:02 -0600 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/cnn-money Amid Mortgage Mess, Auto Loans Also Lag http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/cnn-money Tue, 26 Feb 2008 10:33:16 -0600 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-new-york-times1112 Rescues for Homeownwers in Debt Weighed By EDMUND L. ANDREWS and LOUIS UCHITELLE http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-new-york-times1112 Tue, 26 Feb 2008 07:56:29 -0600 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-statesman-journal House passes subprime-mortgage bill http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-statesman-journal Fri, 22 Feb 2008 12:00:30 -0600 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/newsweek Thou Shalt Not Steal? http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/newsweek Fri, 22 Feb 2008 12:07:39 -0600 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/alternet Hillary's Economic Plan: Nothing Daring, But More Comprehensive Than Obama's http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/alternet Tue, 19 Feb 2008 15:04:04 -0600 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-associated-press5 New Hampshire Lawmakers OK Cap on Payday Loans: CONCORD, NH: New Hampshire's House has approved a 36 percent cap on payday loans, http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-associated-press5 Fri, 15 Feb 2008 10:02:27 -0600 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-washington-post10 Payday Parasites http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-washington-post10 Fri, 15 Feb 2008 07:53:03 -0600 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-washington-post11 Predatory Lenders' Partner in Crime http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-washington-post11 Fri, 15 Feb 2008 07:58:42 -0600 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-washington-post9 Lenders to Offer Reprieves To Delinquent Borrowers http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-washington-post9 Wed, 13 Feb 2008 13:10:54 -0600 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/california-chronicle Students victimized by predatory student lending practices... By California Political Desk http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/california-chronicle Wed, 13 Feb 2008 13:14:19 -0600 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-new-york-times1111 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-new-york-times1111 Fri, 15 Feb 2008 07:58:12 -0600 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-washington-post8 King's Dream Deferred, http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-washington-post8 Tue, 12 Feb 2008 09:57:19 -0600 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-new-york-times1110 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-new-york-times1110 Tue, 12 Feb 2008 09:55:46 -0600 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-wall-street-journal5 SOCIAL INSECURITY High-Interest Lenders Tap Elderly, Disabled By ELLEN E. SCHULTZ and THEO FRANCIS February 12, 2008; Page A1 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-wall-street-journal5 Thu, 20 Mar 2008 14:08:12 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-new-york-times119 Economy Fitful, Americans Start to Pay As They Go By PETER S. GOODMAN http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-new-york-times119 Wed, 06 Feb 2008 13:40:41 -0600 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-new-york-times114 For Just A Few Dollars, A Big TV and Years of Debt By JIM DWYER http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-new-york-times114 Mon, 04 Feb 2008 09:04:10 -0600 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-new-york-times115 Lenders Who Sold and Left By GRETCHEN MORGENSON http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-new-york-times115 Mon, 04 Feb 2008 09:29:55 -0600 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-new-york-times116 Massachusetts Accuses Merrill of Fraud By JENNY ANDERSON http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-new-york-times116 Mon, 04 Feb 2008 09:32:23 -0600 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-washington-post7 Zip Code 'Redlining': A Sweeping View Of Risk http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-washington-post7 Thu, 07 Feb 2008 10:01:56 -0600 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-new-york-times117 Small Law Firm's Big Role in Bundling Mortgages By LYNNLEY BROWNING http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-new-york-times117 Mon, 04 Feb 2008 10:12:08 -0600 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-new-york-times13 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-new-york-times13 Thu, 31 Jan 2008 10:18:19 -0600 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-washington-post6 It's the Housing Market Deflation http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-washington-post6 Mon, 04 Feb 2008 09:07:10 -0600 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-new-york-times118 Editorial After the Fed Published: January 31, 2008 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-new-york-times118 Mon, 04 Feb 2008 10:50:41 -0600 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/60-minutes The Subprime Meltdown: By now, everyone has heard of "the subprime mortgage meltdown." It began in the U.S. but its effects are worldwide. Banks lent hundreds of billions of dollars to homebuyers who can't pay them back. Wall Street took the risky debt, dressed it up as fancy securities, and sold it around the world as safe investments. Steve Kroft focuses on one hard hit city: Stockton, California. http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/60-minutes Fri, 07 Mar 2008 15:48:29 -0600 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-washington-post5 Subprime Safeguard We Needed http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-washington-post5 Fri, 25 Jan 2008 10:34:50 -0600 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/slate Crashing the Subprime Party: How the Feds Stopped the States from Averting the Lending Mess By Nicholas Bagley Posted Thursday, Jan. 24, 2008, at 11:19 PM ET As the federal government scurries to prevent the subprime mortgage http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/slate Mon, 04 Feb 2008 10:47:20 -0600 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/los-angeles-times Bringing bankruptcy home http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/los-angeles-times Fri, 18 Jan 2008 08:49:18 -0600 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-boston-globe5 Ex-Fremont pair offer insider look at lending Aggressive sales tactics, brokers cited in state fraud suit By Kimberly Blanton, Globe Staff | January 17, 2008 Sales staff inside Fremont Investment & Loan had a nickname for no-down-payment loans for subprime borrowers with low credit ratings: "pulse products." "If a borrower had a pulse, he or she could qualify for one of Fremont's products," former Fremont account executive, Thai Lee, said in an affidavit filed this week as part of a lawsuit Massachusetts Attorney General Martha Coakley brought against the California subprime lender. Lee and Jeffrey McKay, another Fremont account executive, in affidavits filed in Suffolk Superior Court, provided a glimpse inside the aggressive sales culture at a company that was once one of the nation's largest subprime lenders and the second largest in Massachusetts. They described a company where salespeople targeted both high-cost housing markets and minority neighborhoods to generate mortgages the company could then sell to Wall Street firms with enormous appetites for these high-risk loans. In its lawsuit against Fremont, Coakley's office alleged predatory lending and fraud were systemic inside the company, making McKay's and Lee's state ments central to the state's argument. The state this week asked the court to stop Fremont from foreclosing on 500 Massachusetts homeowners. Fremont did not respond yesterday to requests to comment. But earlier this week, its attorneys denied the firm engaged in fraud and said it was not responsible for rogue brokers from firms outside Fremont or for borrowers who may have committed fraud. Lee and McKay were both involved in selling loans in the Boston area. They oversaw squads of brokers who worked outside the company and who were the primary source of prospective loan customers. They also helped the brokers process loan documents. Both worked for Fremont between early 2003 and March 2006, when the subprime lending market was booming. They said they refused to process fraudulent or questionable mortgages submitted by loan brokers. But when McKay complained to supervisors, "I received the impression Fremont did not want to cancel the brokers' accounts for fear of upsetting the brokers or losing business," he said. To help brokers entice new customers, Fremont rolled out special offers for loans to people with poor credit ratings as low as 550 or even 500, according to sales fliers filed in court; the minimum for a traditional mortgage is about 680. McKay said Fremont loan salespeople targeted expensive housing markets, such as California, Massachusetts, and New York, because mortgages there generated larger commissions for the brokers. Brokers also targeted minority neighborhoods in Lawrence, Quincy, and Dorchester for "stated-income" subprime mortgages, he said in his statement. He said brokers selling these loans in low-income neighborhoods "were too lazy, uneducated, or inexperienced" to sell other products. Stated-income mortgages do not require prospective customers to prove the income they declare on their loan application. Fremont checked a borrower's income to determine if it matched what others in the same field earned using websites such as salary.com. Stated-income loans, Lee said, "were prone to abuse, particularly when combined with" no- or low-down-payment terms. Lee said in his statement that investors with a huge appetite for loans, such as Merrill Lynch and Morgan Stanley, "influenced the types of products Fremont would sell." He said he used Fremont's easy qualifying terms as a "sales tool" to persuade loan brokers to sell Fremont's subprime loans to borrowers. Fremont's primary mortgage product provided 100 percent financing - no down payment - and carried an initial teaser rate that was set to increase automatically two years after the loan was made. Fremont executives intended these high-cost mortgages to be temporary, Lee said, expecting borrowers to refinance within months, as the value of their homes rose. When the housing market entered a downturn in 2006, subprime mortgages caused an unprecedented foreclosure crisis in Massachusetts and nationwide. Many subprime borrowers could not meet their increasing payments, but they were unable to refinance their subprime mortgages because their house values had plunged. In Massachusetts, lenders seized more than 6,500 homes through foreclosure through November 2007, according to Warren Group, a Boston real estate and research firm. Kimberly Blanton can be reached at blanton@globe.com. http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-boston-globe5 Fri, 18 Jan 2008 13:11:55 -0600 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-new-york-times113 Baltimore Finds Subprime Crisis Snags Women By JOHN LELAND http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-new-york-times113 Tue, 15 Jan 2008 09:36:44 -0600 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/alternet_org "Catastrophic Times' for Black America http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/alternet_org Wed, 16 Jan 2008 08:40:44 -0600 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-wall-street-journal10 Trader Made Billions on Subprime John Paulson Bet Big on Drop in Housing Values; http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-wall-street-journal10 Fri, 18 Jan 2008 13:15:07 -0600 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-wall-street-journal11 Trader Made Billions on Subprime John Paulson Bet Big on Drop in Housing Values; http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-wall-street-journal11 Fri, 18 Jan 2008 13:15:48 -0600 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/usa-today3 State Lawmakers Wrestle with Abusive Lending By Donna Leinwand, USA TODAY http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/usa-today3 Tue, 15 Jan 2008 09:33:53 -0600 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-new-york-times111 Law Makes Debt Relief Harder for Homeowners By JANE BIRNBAUM http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-new-york-times111 Mon, 14 Jan 2008 11:00:58 -0600 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-new-york-times112 Cleveland Sues 21 Lenders Over Subprime Mortgages By CHRISTOPHER MAAG http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-new-york-times112 Mon, 14 Jan 2008 11:04:52 -0600 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-new-york-times110 Bank Agrees to Buy Troubled Loan Giant for $4 Billion Bank of America announced Friday that it has agreed to pay about $4 billion in stock to acquire Countrywide Financial, the troubled lender that became a symbol of the excesses that led to the subprime mortgage crisis. http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-new-york-times110 Fri, 11 Jan 2008 09:28:43 -0600 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-wall-street-journal9 Work & Family Mailbox Q: My daughter, who just received a master's degree in http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-wall-street-journal9 Fri, 11 Jan 2008 09:25:17 -0600 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-huffington-post Legal Help in the Subprime Crisis Rebekah Diller As the nation continues to reel from the subprime mortgage crisis, all http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-huffington-post Thu, 10 Jan 2008 11:06:47 -0600 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-new-york-times17 CHICAGO — President Bush, in a marked shift from his usual upbeat http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-new-york-times17 Tue, 08 Jan 2008 10:21:28 -0600 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-new-york-times18 Baltimore’s mayor and City Council are suing Wells Fargo Bank, http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-new-york-times18 Tue, 08 Jan 2008 10:20:29 -0600 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-new-york-times19 The Countrywide Financial Corporation http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-new-york-times19 Tue, 08 Jan 2008 10:19:19 -0600 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/baltimore-wjz-channel-13 Lawsuit Accuses Mortgage Firm of Predatory Lending BALTIMORE (WJZ/AP) ― http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/baltimore-wjz-channel-13 Thu, 10 Jan 2008 11:02:01 -0600 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-wall-street-journal7 Americans Back Stronger Regulation of the Mortgage Industry By Beckey Bright From The Wall Street Journal Online <http://www.wsj.com/wsjgate?source=homesite&URI=/> A plurality of Americans say the government shouldn't provide financial assistance to borrowers who can't afford their mortgages, a new poll shows. But 41% agree strongly that mortgage brokers should be better regulated. According to the Wall Street Journal Online/Harris Interactive poll, conducted Dec. 10-12, a quarter of respondents agree that the government should provide financial help for mortgage holders, while 20% disagree and another 22% strongly disagree. The survey of 2,082 U.S. adults, of whom 1,331 are homeowners, shows a strong consensus that mortgage brokers should be better regulated to make sure borrowers obtain only those mortgages they can afford; 41% strongly agree, 23% somewhat agree and only 7% disagree. When asked who's most responsible for the trouble in the housing market and mortgage business, half blamed mortgage lenders and brokers, while 21% said government regulators are responsible and 16% said home buyers are to blame. Nearly half of those surveyed also say direct lenders are most responsible for making sure borrowers are able to pay their mortgages and that they should be required to modify loan terms for mortgage holders who can't afford their current terms. By comparison, 15% disagree and 24% said they neither agree nor disagree. Several policy moves are under way to help struggling homeowners, including a plan to freeze interest rates for some subprime mortgage borrowers and the Federal Reserve's move to offer banks special funding at lower-than-usual rates so they can lend more. http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-wall-street-journal7 Tue, 08 Jan 2008 10:04:10 -0600 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-wall-street-journal8 Lender Lobbying Blitz http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-wall-street-journal8 Wed, 02 Jan 2008 13:52:12 -0600 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-new-york-times15 PAUL KRUGMAN: Blindly Into the Bubble - There was a definite Hirohito feel to the explanation Ben Bernanke, the http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-new-york-times15 Fri, 21 Dec 2007 08:29:06 -0600 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-new-york-times16 A Crisis Long Foretold - A truism of crisis management is that most seemingly out-of-the-blue http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-new-york-times16 Fri, 21 Dec 2007 08:41:32 -0600 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-new-york-times14 Fed Shrugged as Subprime Crisis Spread: WASHINGTON — Until the boom in subprime mortgages turned into a national nightmare this summer, the few people who tried to warn federal banking officials might as well have been talking to themselves. Had officials bothered to look, frightening clues of the coming crisis were available. The Center for Responsible Lending, a nonprofit group based in North Carolina, analyzed records from across the country and found that default rates on subprime loans soared to 20 percent in cities where home prices stopped rising or started to fall. “The Federal Reserve could have stopped this problem dead in its tracks,” said Martin Eakes, chief executive of the center. “If the Fed had done its job, we would not have had the abusive lending and we would not have a foreclosure crisis in virtually every community across America.” Full article: http://www.nytimes.com/2007/12/18/business/18subprime.html?_r=1&hp&oref=slogin http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-new-york-times14 Tue, 18 Dec 2007 10:20:10 -0600 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-associated-press4 Anti-Predatory Lending Bill Passes House Financial Services Committee, heads to full House The Associated Press, November, 2007 WASHINGTON http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-associated-press4 Wed, 07 Nov 2007 10:13:48 -0600 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/yahoo-finance Buy Now, Pay Forever: Yahoo! Finance Columnist Anya Kamenetz covers http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/yahoo-finance Thu, 25 Oct 2007 11:32:33 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-new-york-times12 EDITORIAL Subprime in Black and White: Evidence is mounting that during the housing boom, black and Hispanic borrowers were far more likely to be steered into high-cost subprime loans than other borrowers, even after controlling for factors such as income, loan size and property location. http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-new-york-times12 Thu, 18 Oct 2007 08:47:11 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/wlns_com-michigan Protest at State Capitol over Predatory Lending http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/wlns_com-michigan Thu, 18 Oct 2007 08:59:01 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-associated-press3 Augusta, Maine: Hearings to Refine Lending Law Underway http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-associated-press3 Thu, 18 Oct 2007 08:57:58 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-boston-globe4 EDITORIAL Subprime Scrouge: Foreclosures are often more than a personal failure to manage one's financial obligations. Some predatory lenders target borrowers with marginal credit histories, enticing them with low teaser rates for the early years of the loan. When the housing market declines, the borrowers find themselves smothered by escalating payments in houses worth less than they bought them for. At that point, walking away often looks like the best option. For the neighborhood, however, it is disastrous when abandoned houses and blight start to spread across entire blocks. It took decades for Boston to recover from a similar scenario in Mattapan in the 1960s, when lenders also tossed responsible underwriting standards out the window... In the long term, Congress needs to set limits on national mortgage lenders. Right now, all efforts should be aimed at breaking their grip on local neighborhoods. http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-boston-globe4 Thu, 18 Oct 2007 08:49:23 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-new-york-times11 Study Finds Disparities in Mortgages by Race - Home buyers in predominantly black and Hispanic neighborhoods in New York City were more likely to get their mortgages last year from a subprime lender than home buyers in white neighborhoods with similar income levels, according to a new analysis of home loan data by researchers at New York University. http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-new-york-times11 Mon, 15 Oct 2007 12:52:19 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/abc-news Ameriquest Under Fire - watch the video: http://abcnews.go.com/Video/playerIndex?id=3730643 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/abc-news Mon, 15 Oct 2007 13:00:26 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/cnn-money---investors-business-daily Presidential Hopefuls, Congress Toss the Housing Hot Potato http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/cnn-money---investors-business-daily Fri, 12 Oct 2007 13:59:38 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/aarp-bulletin A Matter of Life and Debt - Interview with James Scurlock http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/aarp-bulletin Fri, 12 Oct 2007 14:46:02 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-new-york-times10 The Amerian Dream In Reverse (Editorial) http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-new-york-times10 Fri, 12 Oct 2007 14:00:44 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-associated-press2 Number of Homeless Families Rises - Kehoe attributes the increase in Massachusetts to a convergence of low wages, high housing costs, an increase in housing foreclosures and cuts in federal and state housing assistance programs. Two years ago, lawmakers also lowered the financial eligibility requirements to qualify for homeless benefits from the poverty level to those making 130 percent of what would be considered a poverty wage, she said. http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-associated-press2 Fri, 12 Oct 2007 14:14:15 -0500 http://www.affil.org/media2/lending-in-the-news/lending-in-the-news/the-new-york-times9 Common Sense and Credit Cards: After years of looking the other way, Congress seems finally poised to rein in the predatory practices that have become all too common in the credit card business. Several bills now pending would outlaw unfair billing practices, like the one known as universal default, under which a late payment on an unrelated bill — a utility bill, for example — allows credit card companies to raise their interest rates through the roof. Other leg