'Liar loans' threaten to prolong mortgage crisis In the mortgage industry, they are called "liar loans" - mortgages approved without requiring proof of the borrower's income or assets. The worst of them earn the nickname "ninja loans," short for "no income, no job, and (no) assets."
Silver Spring bank robbed Montgomery County Police and the FBI are seeking a man who robbed a bank in Silver Spring.
Businessman charged with bribing bank manager A businessman who allegedly bilked hundreds of investors out of an estimated $30 million faces a federal charge of bribing a bank official.
JPMorgan shares tumble on widening 3Q losses JPMorgan Chase & Co. shares tumbled nearly 10 percent Tuesday as the bank's disclosure about escalating losses in its mortgage portfolio set off new concerns about the health of the overall financial sector. An analyst's lowering of the bank's earnings estimates and price target contributed to the decline.
SEC short-selling ban on Fannie, Freddie to end A government order expires Tuesday that temporarily banned a certain kind of short-selling of the stocks of mortgage finance companies Fannie Mae and Freddie Mac and 17 large investment banks.
W.Va. AG sues Countrywide over home foreclosures West Virginia's attorney general accuses a national mortgage lender of making risky and unconscionable loans in a lawsuit that's similar to challenges filed in several other states.
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'Liar loans' threaten to prolong mortgage crisis
