The 10 Cities With The Most Crazy Expensive Loans

The 10 Cities With The Most Crazy Expensive Loans

The Chicago Reporter took a look at some recently released mortgage data with an eye to how many successful refinances there were last year. In addition to concluding that people who most needed a refinance (those with crazy expensive loans) were also the least likely to get one, the Reporter also found that Chicago lead the nation in the total amount of high-cost loans for the fourth year in a row. High-cost loans are loans that are at least 3% above the U.S. Treasury standard.

Credit Crunch CEO Bloodletting Claimes Latest Victim: Wachovia's Ken Thompson

Credit Crunch CEO Bloodletting Claimes Latest Victim: Wachovia's Ken Thompson

Just when you thought it was safe to go back in the water… Wachovia CEO Ken Thompson has been gobbled up in a subprime shark attack after 32 years with the company.