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The New York Times

Remember the Problems With Mortgage Defaults? They're Coming Back With Student Loans

Student loans, along with mortgages and car loans, have become the three largest sources of credit, exceeding credit card debt.

Lenders Easing Up on Jumbo Mortgages

Underwriting guidelines remain rigid on the conforming loans guaranteed by Fannie Mae and Freddie Mac, but lenders are becoming more accommodating on nonconforming or jumbo loans.

Housing on the Mend, Ever So Gradually

One way to tell the housing market is beginning to show signs of health would be that builders of new homes are selling more houses than banks do. 

At Bank of America, a $4 Billion Wet Blanket on the Party

If you’re a bank executive, it’s never going to be easy to tell your shareholders: Oops, we made a $4 billion mistake!

Why Only One Top Banker Went to Jail for the Financial Crisis

On the evening of Jan. 27, Kareem Serageldin walked out of his Times Square apartment with his brother and an old Yale roommate and took off on the four-hour drive to Philipsburg, a small town smack in the middle of Pennsylvania. 

At Bank of America, a $4 Billion Wet Blanket on the Party

If you’re a bank executive, it’s never going to be easy to tell your shareholders: Oops, we made a $4 billion mistake!

Banking Troubles, but Not a Word About Fraud Claims

Reading The Times’s coverage of Bank of America’s quarterly loss last week, I almost felt sorry for the financial behemoth. It has mortgage troubles, you see. It has onerous legal costs.

Reverse Mortgage Realities

Adult children have reason to be wary when their parents start talking about reverse mortgages. The loans make sense only for those who plan to stay in their homes for the rest of their lives and can afford to pay property taxes and insurance for that long.

Fed Transferred $79.6 Billion in Earnings to the Treasury Last Year

The Federal Reserve paid $79.6 billion to the Treasury Department in 2013 as the Fed’s enormous investment campaign to stimulate economic growth continued to generate windfall profits for taxpayers.