The PBS star attracted crowds to what appeared on the surface as a way to help black borrowers build wealth, but a lawsuit alleges it was actually just the opposite.

As lawsuits wind their way through the court system, more details and allegations about the inner workings of the subprime world are emerging.

Despite the recent good news that U.S. home prices rose 2.9 percent in the second quarter of 2009, it’s too early to call a turnaround for the battered housing sector.

As bank-owned foreclosed properties pile up across the country, from abandoned houses in hard-hit neighborhoods to empty big box retail stores in failed strip malls, the fight over holding someone responsible for the brick and mortar mess left behind by the mortgage crisis continues to heat up.

Joe Weisenthal at Clusterstock finds that inflation will soon hit home for some, with price hikes on the horizon from beer manufacturers and cattle farmers. First, Weisenthal cites a Los Angeles Times story explaining that brewers are being affected by increases in commodity prices, leading them to the unusual step of charging more for beer.
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Tales of clunker horror stories have consumer advocates worried the fallout will continue for months.

In the current environment, replacing that money might be easier said than done.

The Home Valuation Code of Conduct makes getting an appraisal costlier and more time-consuming for would-be buyers — and the added time can prevent purchasers from getting the best possible mortgage on their new home.

One watchdog says the strange giving patterns just shows “the financial industry isn’t sure what’s happening to itself.”

Startling requirements in out-dated, but still used paperwork raises questions about how well Treasury is overseeing the centerpiece of Obama’s foreclosure crisis solution.