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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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A Continued Pattern of Abuse
Even as we struggle to bring our economy back, Wall Street and the banks are continuing their pattern of abuse.
Homeowners Can’t Afford Another Missed Opportunity
This post is part of an ongoing series based on the National Fair Housing Alliance report, “The Banks Are Back, Our Neighborhoods Are Not,” that examines ongoing discrimination in the […]
Racial Discrimination by Banks Only Worsens the Foreclosure Crisis
This is the first entry in a series based on the National Fair Housing Alliance report, “The Banks Are Back, Our Neighborhoods Are Not,” that examines ongoing discrimination in the […]
FHFA’s DeMarco: Finally Coming Around on Principal Reduction?
Speaking at an event at the Brookings Institution, Addressing the Weak Housing Market: Is Principal Reduction the Answer?, FHFA Acting Director Ed DeMarco, previously resitant to the idea of principal […]
CAP Report Argues Shared Appreciation Strategy for GSEs
A new report from the Center for American Progress sets it sites on Fannie Mae and Freddie Mac as it urges the FHFA to consider a principal reduction pilot program for […]
Church Foreclosures on the Rise
Boston’s historic Charles Street AME never missed a mortgage payment, but the church could not refinance and ultimately fell in arrears on its $4 million construction loan to be used […]
The Lifecycle of Predatory Equity
The New York City Urban Homesteading Assistance Board (UHAB) has a new report out that examines the “lifecycle” of predatory equity—a practice where real-estate speculators over-leverage buildings with the intention […]
Obama’s Wrong Note on Foreclosures
As Election Day nears, President Obama is regaining his populist mojo. His State of the Union address was mostly pitch perfect, evoking core American themes of opportunity and optimism, and […]
Preserving New York’s Preservation Companies
Like many states over the past several years, New York has been implementing fiscal austerity measures to rein in expenses in the face of struggling revenues. But what will be […]
Finally! Relief for Latino Homeowners
Nearly a year and a half after news broke of widespread wrongful foreclosures at the hands of the nation’s five largest servicers, the federal government and 49 of 50 attorneys […]
$25B Foreclosure Settlement Lays Groundwork to “Fix a Broken System”
U.S. Attorney General Eric Holder has unveiled the long-awaited $25 billion agreement with the nation’s five largest mortgage servicers—the result of a 14-month investigation by all 50 state attorneys general […]
AGs Inch Closer to Foreclosure Deal
A $26 billion robosigning settlement between states and the nation's largest banks could be announced as early as Thursday, according to several news sources, potentially providing relief to homeowners affected […]