Tag: Freddie Mac

AP Photo

Obama Makes New Push for Minority Mortgages

The Obama administration is demanding that minorities again receive preferences to qualify for mortgages–the same policy that helped trigger the sub-prime mortgage crisis and the 2007-8 financial crash.

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Fiorina: Thatcher Wasn’t Content to Manage Decline, Neither Am I

Republican presidential candidate Carly Fiorina channeled former British Prime Minister Margaret Thatcher at Monday’s Voters First Presidential Forum in New Hampshire. Fiorina stated, “I started out as a secretary in a little nine person real estate firm. I went on to lead

AP Photo/Dario Lopez-Mills

Federal Judge Rules Bank’s Fraud Caused the Financial Crisis

In a devastating precedent that could redefine history, a Manhattan federal judge ruled that Nomura Bank and Royal Bank of Scotland willfully misled Fannie Mae and Freddie Mac into purchasing mortgage bonds that contained numerous fraudulent misrepresentations and underwriting errors.