In retrospect, consumers, investors, central bankers, and now regulators all wonder what caused the once ethical mortgage banking to lose its sanity, while pursuing profits and pipeline deals. 
Well, it was inevitable. There is no time in American history when a crisis takes places and lawyers don't immediately circle the wagons like vultures seeking new prey.
The WSJ dusted off an old mortgage story- the implosion and lawsuits surrounding American Business Financial Services (ABFS).&n
So what regulatory and audit challenges should be anticipated as the market rebalances and reassesses?
To hear Congress and our presidential candidates tell the story, the recent collapse of the mortgage industry, which has fueled the largest number of property foreclosures since
Another day, and another financial institution falls casualty to the mortgage industry collapse.
Merrill Lynch lost how much money?
I think at some point, the Wall Street Journal's editorial page looses credibility- at least for me- because of the constant series of columns and essays that are so one sided in their antipath
Just read a great article about Quick Loan Funding and the
Good. I'm sorry, but couldn't Senator Dodd bother someone that isn't up to his neck with his company collapsing?
This isn't saying much.