by Sharyl Attkisson, CBS News New documents released by the House Committee on Oversight shed shocking new light on the cozy partnership between Countrywide Financial Corporation and Fannie Mae — which left taxpayers holding the bag for billions in subprime loans. The documents show that dozens...

by Marilyn Kalfus As part of a nationwide analysis, CoreLogic has identified parts of Orange County where their data reflects some mortgage fraud occurred between 2005 and 2009. These rates are compared to a national average of 0.55%: I asked the folks at CoreLogic about their use of the term ‘hot...

By DAVID BARBOZA, TNYT SHANGHAI — A week after the Agricultural Bank of China raised nearly $20 billion from global investors in one of the biggest stock offerings in history, analysts are warning about growing risks to China’s banking system. A report released on Wednesday by Fitch, the credit ratings...

by Bloomberg Business Week July 12 (Bloomberg) — Goldman Sachs Group Inc., Citigroup Inc., Morgan Stanley and dozens more bank and brokerages were sued by a Boston area-based fund seeking reimbursement for losses related to subprime loans. Cambridge Place Investment Management Inc., founded by...

By Inman News The former chairman of mortgage lender Taylor, Bean & Whitaker has been arrested and charged for his alleged role in a $1.9 billion fraud scheme federal prosecutors said contributed to last year’s failure of Colonial Bank. Lee Bentley Farkas and co-conspirators are accused of...