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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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Manufacturing May Be Coming Back, But It Won’t Bring Jobs
I finally got to see Detropia last week, the acclaimed documentary filmed in Detroit that’s been making the rounds of the film festivals and the indie houses. As someone who’s […]
The Racial Wealth Gap and the Great Recession
In 2005, according to the U.S. Census Survey of Income and Program Participation (SIPP), the median Asian American household had a net worth of over $150,000. This was compared to […]
Reactions to the President’s Housing Address
Yesterday, President Barack Obama gave a housing policy speech in Phoenix, Ariz., and this afternoon he answered questions submitted via social media on a live web chat with the CEO […]
Detroit: Exception or Rule?
The bankruptcy of Detroit (the legal filing is currently on hold) has prompted a sudden flood of interest in the city. Pundits have breezily explained the event by blaming public […]
Too Big To Jail Redux: It’s Worse Than You Suspected
Anyone who worked with homeowners seeking mortgage modifications over the past years has made or heard some joke about the supposedly “lost” documents that their clients had to resubmit over […]
Rep. Watt Can Save the American Dream
Change is coming to the most important government agency, one that most Americans have never heard of. For many months, a broad coalition of housing, consumer protection, and civil rights […]
Could “Loft Home” Conversions Make Rust Belt Rehab Pencil Out?
A few weeks ago, Alan Mallach wrote on Rooflines about the mismatch between the buildings built for families of another era and the needs of today's potential city dwellers. It's […]
Protestor Who Disrupted DeMarco Hearing, In His Own Words
You've probably heard that several underwater homeowners were arrested for disrupting Tuesday's House Financial Services Committee hearing at which acting director Edward DeMarco was the sole witness. (You can see […]
Progress and Peril for Home Opportunity
David Sassaroli contributed reporting for this article Home Opportunity is at a crossroads, and with it the American economy. Misconduct by banks, inadequate rules, and lax enforcement have cost 4 […]
Breaking: DeMarco May Go
This just in from NCRC: “Word is that President Obama has asked, get this, Rep. Mel Watt (D-NC), to step into the position of FHFA Director! Mel is a longtime […]
Is a New Bubble Forming?
[Cue the Darth Vader music]. Are we slipping into a new housing bubble? (Or is it racing into?) S&P/Case-Shiller Home Price Indices track housing price changes in 20 metros […]
Elizabeth Warren Embarrasses Bank Regulators
If you haven't watched this yet, you probably want to. Here's the Huffington Post synopsis. How do you think Elizabeth Warren's presence on the Senate banking committee is going […]