General Electric is trying to put its sins from the financial crisis behind it. WMC Mortgage ... when those subprime loans went bust. GE said in a statement that WMC filed for bankruptcy to ...

81 percent subprime. As of last Monday its Web site was still highlighting this ironically proud claim "Where does a company go after its rapid growth to the ranks of the nation's top mortgage ...

A decade after the financial crisis, The Wall Street Journal ... Corp. in 2007 when it became the first major subprime lender to go bankrupt. But he said it wasn’t until he read Michael Lewis ...

Like any other business, banks and mortgage companies can fail or go bankrupt, sending shock waves throughout the financial system. Case in point: the March 2023 banking crisis, when the failure ...

The company ultimately filed for bankruptcy ... crisis by collapsing despite nearly $800 billion in assets. Most of the trouble was caused by Lehman's investments in subprime mortgage debt ...

On September 15, it will have been 5 years since investment bank Lehman Brothers filed for bankruptcy — a kind of unofficial anniversary of the subprime mortgage crisis, when billions of dollars ...

lenders and other financial companies play fair with consumers, is severely weakened, Americans shouldn’t be too worried about a repeat of the subprime mortgage crisis that led to its creation ...

General Electric is trying to put its sins from the financial crisis behind it. WMC Mortgage ... when those subprime loans went bust. GE said in a statement that WMC filed for bankruptcy to ...