Foreclosure & Financial Crisis
It may seem counterintuitive, but in order to close the wealth gap, we must shift our focus from the gap itself to the policies, conditions, and systems that spawned it.
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Headrights and redlining were parts of a systemic structure designed to aid some and debilitate others. Their repercussions are still felt.
News from—and affecting—the community development world. This week: rent burden relief, policy suggestions for worker co-ops, a new credit scoring model?, states take on housing, and more.
These books not only offer something of a window on what is—or is not—going on in small cities, but useful pointers for practitioners working in the types of cities described.
A Cleveland neighborhood made famous as an epicenter of the foreclosure crisis works its way back to stability. Here’s how.
Bank-seized properties in these communities of color have higher rates of neglect, and the situation has prompted a lawsuit.
HMDA is the key to preventing predatory behavior, not the cause of it, so how can an economics professor from George Washington University claim that HMDA can facilitate large-scale identity theft?
With funds from a settlement between the New York State Attorney General and major banks, 76 New York state municipalities are working to get abandoned and deteriorating homes back into productive use.
These ideas aren’t new, but pulling them together in a collective, coherent way will push back against those who, like their predecessors of 80, 70, 60 and 50 years ago, would deny long-term stability to those for reasons more than just the color of their money.
Some community development organizations think the foreclosure crisis is over, but there’s a new emergency within the more vulnerable segments of our population—and it is hitting the elderly particularly hard, says Lou Tisler, who recently left Neighborhood Housing Services (NHS) of Greater Cleveland after 12 years as executive director. That new crisis is tax foreclosures—the sale of a property due to unpaid tax liabilities.
Earlier this month, The New York Times published a major front-page story on deed theft scams that highlighted the staggering homeowner losses at the hands of increasingly sophisticated criminal enterprises […]
Some statistics about the state of veterans in America.
Since November of last year, the United States Justice Department has announced multi-billion dollar settlements with the nation’s three largest banks – Citi, JPMorgan Chase and Bank of America (BoA) – over what Justice calls the “packaging, marketing, sale and issuance of residential mortgage-backed securities.” Collectively, these three banks have agreed to pay a total […]