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Great Recession. The American subprime mortgage crisis was a multinational financial crisis that occurred between 2007 and 2010 that contributed to the 2007–2008 global financial crisis. [1] [2] The crisis led to a severe economic recession, with millions of people losing their jobs and many businesses going bankrupt.
The 2010 United States foreclosure crisis, sometimes referred to as Foreclosure-gate or Foreclosuregate, [1] [2] refers to a widespread epidemic of improper foreclosures initiated by large banks and other lenders. The foreclosure crisis was extensively covered by news outlets beginning in October 2010, and several large banks—including Bank ...
NationsBank. NationsBank was one of the largest banking corporations in the United States, based in Charlotte, North Carolina. [2] The company named NationsBank was formed through the merger of several other banks in 1991, and prior to that had been through multiple iterations. Its oldest predecessor companies had been Commercial National Bank ...
Updated July 14, 2016 at 9:15 PM. Why the Foreclosure Mess Settlement Proposal Can't Fix the Damage. Ever since this fall, when the mortgage industry's robo-signing scandal first broke, people ...
The Emergency Economic Stabilization Act of 2008, also known as the " bank bailout of 2008 " or the " Wall Street bailout ", was a United States federal law enacted during the Great Recession, which created federal programs to "bail out" failing financial institutions and banks. The bill was proposed by Treasury Secretary Henry Paulson, passed ...
7. Refinance with a hard money loan. You won’t like the high rates and fees of a hard money loan — one from a private lender, often an individual — but it might buy you some time to sell ...
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