Archive for January, 2008

FBI Subprime Investigations

0 Comments Published January 30th, 2008 in Banks, Markets, SEC.

The US Federal Bureau of Investigation (FBI) has commenced investigations against 14 corporations.  The fraud investigation includes probes into insider trading and accounting fraud.  The FBI is working together with the Securities and Exchange Commission.  It is unclear who the targets of the FBI investigation are, but the SEC has probed MBIA (NYSE: MBI), UBS [...]

Bye, Bye FBR Subprime Unit

0 Comments Published January 12th, 2008 in Banks.

Friedman, Billings, Ramsey Group, Inc (NYSE: FBR) filed for bankruptcy protection for its Subprime Unit.  The Arlington, VA investment group has seen its share price go down by nearly 60% in the past year and will continue to be hit on Monday.  FBRs subprime bet was around $550 million, more than the company’s current market [...]

Find more subprime information from Google
This blog discusses subprime mortgage problems. Subprime problems began when lenders offered loans to potential home owners with bad credit or credit / income that did not meet the standards of traditional lending. Subprime mortgages for people with bad credit or no credit face an uncertain future. Once the hope of many to enter into home ownership has now been corrupted both by overreaching consumers and predatory lenders. I hope to follow the aftermath of this crisis.

Mortgage Lender Implode-o-Meter






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