Tag: foreclosure crisis

Q: Did Extending More Credit to Subprime Borrowers Cause the Foreclosure...

There are people who believe that the foreclosure crisis occurred because too many unqualified borrowers became homeowners. What actually happened was ...

Staying Afloat by Branching Out

As the surge of crisis-level funding recedes from housing counseling agencies, they are looking to technology, fee-for-service arrangements, new partners, and types of counseling to keep themselves going. But can the tricky and highly detailed business of foreclosure counseling in particular survive the transition?

Interview with Wayne Meyer, President of New Jersey Community Capital

New Jersey Community Capital shakes up our ideas of how nonprofit housers can and should approach neighborhood stabilization

“Political Lift”: An Interview with Rep. Keith Ellison

As we head into the election home stretch, pieces of Rep. Keith Ellison's interview with Shelterforce in our latest issue keep coming to mind. Ellison...

Q: Did the housing crisis prove low-income people can’t be successful...

No! Two at-scale, long-term lending programs show that if the process is done right, low-income homeowners can be as successful as prime borrowers--or more.

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...

A Balance of Discipline and Flexibility Is Key To CDC Efficacy

We must define the community development field in terms of impact and organizational structure and look at CDCs as facilitators of development, not just developers.

Occupied Owner

For decades, the United States government, pushed by its business partners in the financial and real estate world, "marched the nation into a delusion." The fantasy is that we can create wealth for millions of homeowners by enriching investors, brokerage and mortgage companies and Wall Street bankers "to the fullest extent possible with few boundaries."

Riding the Storm Out

The $3.92 billion Neighborhood Stabilization Program can spur recycling of the stock of abandoned and foreclosed homes produced by the mortgage crisis.

Rethinking the Rescue

This time of economic uncertainty presents an opportunity for the community development movement to reinvent itself.

Walkin’ Blues

They say leaving home ain’t easy, but some homeowners in Florida find they have no other options. More and more homeowners are finding ways to...

Running on Empty

For decades, community developers have relied on the power of markets to bring neighborhoods back, but they can't build their way out of the foreclosure mess.