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foreclosure and financial crisis
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Organized Tenants Are Baaaaack
After a lull in the 1990s, the tenants rights movement reemerged and has only gained strength. What caused the resurgence and what do tenants’ prospects look like?
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Quit the HAMP Bashing!
Joe Kriesberg, director of the Massachusetts Association of CDCs, is tired of hearing people bash HAMP. He wrote this piece about it last December, and it’s only gotten worse since […]
Making HAMP Achievable
Despite now-stalled attempts by the Republican-controlled House of Representatives to end a cocktail of foreclosure programs — Home Affordable Modification Program, Neighborhood Stabilization Program, and the Emergency Homeowner Loan Program […]
Single Point of Contact Won
Having a “single point of contact” for borrowers has been a repeated theme among those advocating for reform of HAMP, such as Sen. Jeff Merkley. According to Treasury, in guidance […]
With Cuts in Housing Counseling Funds, It’s Wait and See
Laura Buxbaum, the director of housing resource and policy development at the Maine-based Costal Enterprises Inc. showed up at this year’s National Community Reinvestment Coalition conference to hear about what […]
Reverse Redlining Suits Proceed
Last year, Ray Brescia wrote in Shelterforce about the potential for lawsuits against banks that engaged in predatory lending or reverse redlining, based on both “toxic product” and discrimination bases. […]
Arkansas Passes Foreclosure Info Law
While housing counseling funding is being slashed, it’s worth noting that Arkansas has enacted a modest yet important law (hat-tip Naked Capitalism) requiring that servicers give homeowners in danger of […]
The Future of Mortgage Finance
Today’s panel discussion at the 2011 NCRC Conference was loaded with passionate views on the cause of the housing meltdown, how “homeownership” fits into the zeitgeist of today’s America, and […]
Sustainable Homeownership vs QRMs
One of the many themes running through the interactive session “The Future of Mortgage Finance in America,” this morning at NCRC’s annual conference was the question of how to get […]
Housing Counseling in Danger: They Say Cut Backs, We Say ??
Housing counseling works. Counselors form a critical bridge between servicers and homeowners in distress, advocating for them in the face of perverse servicer incentives, lost paperwork, and unclear outcomes, and […]
Anti-Foreclosure Neighborhood Stabilization Efforts
Reid Cramer of the New America Foundation chats with Shelterforce’s Miriam Axel-Lute about anti-foreclosure neighborhood stabilization efforts.
Communities Investing in Their Values
In November, Illinois People’s Action, Iowa Citizens for Community Improvement, and 15 other community organizations from across the country filed an official protest against the Treasury Department’s top CRA assessment […]
Beyond The Foreclosure Crisis: Bank Mistrust Could Forestall Recovery
The financial costs of the seemingly endless foreclosure crisis have been widely reported with Credit Suisse estimating that as many as 12 million families will lose their homes before this […]