The IRE Resource Center is a major research library containing more than 23,250 investigative stories — both print and broadcast. These stories are searchable online or by contacting the Resource Center directly (573-882-3364 or rescntr@ire.org) where a researcher can help you pinpoint what you need. Browse or search the tipsheet section of our library below. Stories are not available for download but can be easily ordered by contacting the Resource Center:
Search results for "interest rates" ...
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Tale of Three Cities: Foreclosures Don't Always Follow the Script
An extensive examination of foreclosures in three cities found that the patterns leading to foreclosure and the events afterwards do not always follow common assumptions.
Tags: foreclosures; home owners; interest rates; home
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Utility Ethics Flap
When the top lawyer for Indiana's utility regulatory commission suddenly quit his job to work for the state's largest utility (Duke Energy Corp.), reporters smelled a rat and demanded state records to see if the two organizations had been engaged in improper conversations. The lawyer in question, Scott Storms, had been the chief administrative law judge for the state, ruling on numerous cases involving the utility, notably its new $2.9 billion power plant. What they found was eye-opening. Mr. Storms had been in talks with the utility for many months about a job, even as he was ruling on cases involving the company, and approving huge cost over-runs for a new power plant. The matter was of deep public interest, because the state agency rules on utility rates paid by all state residents and businesses, and it's dealings were compromised by possible undue influence.
Tags: State Finances; Scott Storms; Ethics; Utility; State Records; Duke Energy Corporation
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The Card Game
This story investigates the “future of the massive consumer loan industry and its impact on a fragile national economy”. This story looks into the inner workings of the credit card business and how a number of people are trying to reform the way the industry has done business for years. But some major steps need to be taken before a change can be made.
Tags: Consumer Financial Protection Agency; Congress; banks; finances; government; Providian Financial; interest rates; fees; payments
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"House of Cards"
In this investigation, CNBC takes a look at the beginnings of the "global economic collapse." After 9/11, the U.S. government "dropped interest rates" in an attempt to breathe new life into the economy. The investigation reveals how Wall Street took on unstable mortgages to "re-package it and sell it to investors." This story includes personal accounts from home buyers, mortgage brokers, bankers and more.
Tags: hedge-fund; housing market; economic collapse; recession; Wall Street; George W. Bush; Alan Greenspan; Henry Paulson; bailouts; bankrupt; credit crisis
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VA Loan Fraud
The series reveals “major banks and mortgage companies across America were systematically defrauding military veterans who were refinancing home loans”. “Federal mortgage documents show there were potentially more than 900,000 veterans since 2001 who could be victims of the scheme”. As a result of this series, veterans contacted their lenders and eventually repaid the charges.
Tags: Johnny Isakson; congressional; hearings; corruption; federal government; Wells Fargo; loan officers; interest rates
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Risky Business
The investigation revealed “how a school district’s use of risky “swaps” - derivatives that are bets on interest rate swings - caused huge losses and higher taxes for the district”. These “swaps”, given by financial advisors and investment banks, brought in millions of fees for them and left the school district in debt. Further, the school and adviser failed to terminate two swaps, which cost taxpayers millions more.
Tags: Bethlehem Area School District; education; tax system; finances; board; administration; Stanley J Majewski; Joseph Lewis
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Inside the Financial Fiasco
In this series, it describes the underlying causes of the economic crisis. At the center of the problem were "stated-income loans, mortgages where the lenders never bothered to verify borrowers' incomes". Another cause to the crisis is the country's extraordinary amount of consumer debt. Also, now that we are in tough economic times scams are put together to target those in financial trouble and scamming them out of more money.
Tags: crisis; economy; financial; mortgage industry; investment banks; debt; banking; families; interest rates; credit; business
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Is it true?
"For several years a local car dealership ran advertisements on the radio, television and in newspapers offering deals on cars that it could not live up to". As a number of complaints mounted, the investigation into the dealership began. The investigation revealed the dealership used false advertising and "even increased the interest rate on finance documents after they were signed by the customer".
Tags: Mike Young Motors; bait-and-switch advertising; advertisements; ads; false; car dealership; dealer's claims; violations; automobiles
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Mortgage Meltdown: The Watchdogs Who Warned Us
"State, city, and local officials had warned of the coming subprime lending crisis since the late 1990s, but were thwarted by aggressive banking industry lobbying, sometimes with the support of federal bank regulators."
Tags: attorney; lawsuit; currency; mortgage; interest rate;
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The Real Estate Meltdown
"Did Appraisers Juice the Market?" showed how appraisers overstated home values. Using disciplinary records and interviews, Shanklin and McClure found appraisers who exaggerated condo sizes, appraised homes without seeing them and stated that condos were worth the $240,000 sales price even though the price was padded with $40,000 of incentives. The "Subprime Mess" package was based on more than 2 million records and showed how unconventional loans moved from low-income, inner city neighborhoods to the burgeoning suburbs. "How Investors Helped Overheat the Market" explored the role of investors in Central Florida's real estate meltdown by analyzing hundreds of data records and found that sales of non owner-occupied homes grew from 25 percent of all local residential sales in 2002 to 70 percent in 2006.
Tags: real estate; investors; lenders; purchase prices; subprime loans; adjustable-rate loans; high-interest loans; housing scam; vacant housing; condo conversion; development; property values