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Subprime mortgages News

Wells Fargo agrees to pay $175M in mortgage discrimination suit

Baltimore - Financial services giant Wells Fargo has agreed to pay $175 million to settle claims it engaged in widespread price discrimination involving subprime mortgages and higher fees charged to black and Latino borrowers.

Former Wall Street broker arrested in Spain

Julian Tzolov, a former Credit Suisse Group AG broker, who faces charges of security fraud and bail jumping for illegally selling subprime mortgages, has been arrested in Spain following an international manhunt.

Economist Gives Simple, 3% Solution for U.S. Money Woes

Dr. Loudatt is a down-to-earth, Ph.D economist who can explain money issues simply. He says a 3% plan could work and get the country going.

Possible run on hedge funds- investors want out

This could get nasty. Hedge fund investors are bailing out of the market, spooked by the subprime situation. August 15 is the last date for notification to withdraw for the September quarter.

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