... months after initiating outreach to customers through its National Homeownership Retention Program (NHRP), Bank of America has provided mortgage relief to 100,000 eligible homeowners with certain Countrywide subprime and option-ARM mortgages. According to the bank’s most recent quarterly progress report, more than 31,000 eligible customers received assistance in the third quarter – the ...

... firm peddled billions of dollars in complex deals, many of them tied to subprime mortgages, in the Caymans and other offshore locations. Many of those securities later soured, ... marketing the bonds in those countries, but that the securities may have gotten there through the resale market. Subprime-backed mortgage securities that were sold at the crest of the ...

... commentators (including me perhaps) to suggest that plaintiffs are not faring well in the subprime-related securities class action lawsuits. ... investment in bond insurer, about which refer here.   Another Subprime Lawsuit Settlement: It appears that I may have missed an earlier ... $4 million. I have added this settlement to my list of subprime-related lawsuit case resolutions, here.  

... Institute just put out a major report, Segregation and the Subprime Lending Crisis, linking whites’ racial- ... individual factors. The report then accents how the debate on the subprime crisis mostly ignores the centuries-old reality of residential ... racially segregated these groups are in a metropolitan area, the more subprime loans that area is likely to have. Racial segregation is a signifcant ...

... territory — occurred as Goldman began to ditch the subprime mortgage business before the U.S. housing market ... billions of dollars in complex deals, many of them tied to subprime mortgages, in the Caymans and other offshore locations. Many of those securities ... ” loans when the underlying mortgages had been made to subprime borrowers with shaky finances. DuVally said that the descriptions ...

... Payment-Shock Seesaw Delinquencies of 2005-vintage subprime and Alt-A loans will likely continue to be boosted because of mortgage-related ... In contrast, over the next 15 months, more than one third of interest-only subprime loans and one fifth of interest-only Alt-A loans are ... were initially interest-only.” That means that as many as 20% of subprime and 10% of Alt-A loans originated in 2005 ...