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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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Mapping the Meltdown (And Some Possible Exits)
If you’ve ever had occasion in your life to stop and ask yourself “How did I end up HERE?” you already know you don’t say that when good things are […]
Just Because His Sleeves Are Rolled Up, It Doesn’t Mean He Means Business
I’m a little late weighing on on this, but this retrial of Jon Stewart v. Tucker Carlson is not sitting well with me. Countless investors have lost life savings, IRAs, […]
Donovan Eyes Change to Mortgage Credit System; Bringing HUD to the Forefront
WASHINGTON, DC — HUD chief Shaun Donovan yesterday championed an overhaul of the existing infrastructure of the mortgage finance and economic system in allowing low- and moderate-income individuals to be […]
Rep. Frank Promises an “Improved” Subprime Bill
WASHINGTON, DC—House Financial Services Chairman Barney Frank (D-Mass.) today announced a bill, slated for an April vote, that aims to impose tougher penalties on securitizers who have sold bad loans, […]
ACORN’s Home Defenders
Should have posted this sooner, but here’s interesting news from ACORN=22533&tx_ttnews[backPid]=12387&cHash=933307a56f ACORN members in 16 kicked off the “Home Staying Campaign the week of February 23. These cities include San […]
New Regulations for Loan Modification and Refinance
According to the Treasury, as many as six million families are expected to face foreclosure in the next several years, with millions more struggling to stay current on their payments, […]
Making a Profit on the Shards of a Glass Bubble
You’ve got to give the money-makers credit: when their giant, festering wound of an enterprise was pried open, cleansed with salt and rubbing alcohol, what did they do? They invested […]
“Ethical Lenders” Employ a Tried and True Method: Long-term, Fixed-rate Loans
This report from ABC News focuses on Neighborhood Housing Services of Chicago, a nonprofit and part of a growing list of organizations that embrace the identity of “ethical lender,” working […]
Rethinking Home Mortgage Deductions
Harvard economics Professor Edward Glaeser, in The New York Times this week, asks us to rethink the home mortgage deduction in the tax code, and it certainly sounds like a […]
Worse Than a Tornado: Neighborhood Stabilization Amid the Foreclosure Crisis
NHI’s David Sailer appeared in the February 2009 issue of Planning magazine to address “the insidious destruction of entire neighborhoods now goes largely unnoticed.” With few exceptions, he says, “we […]
Does Obama’s Plan Go Far Enough?
Barack Obama’s announcement this week outlining $75 billion in direct funding to help homeowners stay in their homes, and up to $200 billion designed to allow for the government-controlled mortgage […]
Obama’s Foreclosure Plan: Just the Facts
The Obama administration announced February 18 its Homeowner Affordability and Stability Plan that aims to offer assistance to as many as 9 million homeowners making a “good-faith effort to stay […]