foreclosure and financial crisis

Alyssa Katz notes that a couple analyses show that the increase in foreclosures caused by subprime mortgages more than outweighed the new first-time homeowners it generated. “So please, no more […]

When I first heard of the case of Mamie Ruth Palmer, which hit the news about a year ago, it sounded like quintessential poetic justice: A homeowner who had filed […]

Alyssa Katz, author of Our Lot: How Our Real Estate Came to Own Us, is skeptical of the proposal to have foreclosed homeowners stay on as renters. Katz, like the […]

Reports are surfacing indicating that the administration is considering a rental option for troubled homeowners. Could homeowners rent their homes in lieu of eviction? According to Reuters: Officials have been […]

Housing discrimination continues to plague the market, as does the myth that the housing crisis resulted from extending homeownership and home mortgage credit to historically underserved groups: minority families. Even with the Obama administration’s Homeowner Affordability and Stability Plan and, within that, the Making Home Affordable program, minority groups continue to suffer ongoing discrimination and fair housing violations.

Here’s a cool animation of something we’re all too familiar with. subprime from beeple on Vimeo.

WASHINGTON — Addressing a crowd of low income housing advocates, HUD Secretary Shaun Donovan promoted the Obama administration’s housing policy here, but acknowledged that while “there’s great opportunity in crisis, […]

Here’s an informative resource assembled by The New York Times online that outlines the hundreds of banks, automakers, and insurers that have applied for funding from the $700 billion Troubled […]

I hate when I’m late to arrive on a story, but here’s an excellent profile from The Los Angeles Times on Jim Klinge, the Realtor-cum-blogger who, expressing pre-burst housing bubble […]

Here’s an interesting piece from the San Francisco Chronicle reporting on a “shadow inventory” of foreclosed houses — possibly 600,000 nationwide — that have not been placed on the market. […]

There weren’t any splashy headlines like there were when, just before the holidays, GSEs Fannie Mae and Freddie Mac announced a foreclosure moratorium, but last week, that freeze came to […]

There weren’t any splashy headlines like there were when, just before the holidays, GSEs Fannie Mae and Freddie Mac announced a foreclosure moratorium, but last week, that freeze came to […]