FDIC Faces Mortgage Mess After Running Failed Bank

Subprime Lender Made Problem Loans On Regulators’ Watch Federal officials heap much of the blame for the subprime mortgage mess on lenders, claiming they recklessly made too many high-cost home loans to borrowers who couldn’t afford them.It turns out that the U.S. government itself was one of the lenders giving out high-interest, subprime mortgages, some [...] continue reading the breaking news