The Inland Empire housing crisis, eminent domain and the public interest
In discussions about using eminent domain to lower what local families owe on their homes, much has been said about investors who might make or lose money.www.redlandsdailyfacts.com
Whitehouse backs loan write-downs to ease crisis
Sheldon Whitehouse is calling on the head of the federal agency that oversees mortgage giants Fannie Mae and Freddie Mac to allow debt forgiveness as a way to address the housing crisis. The Rhode Island Democrat on Friday sent a letter endorsing ...www.boston.com
Is Wells Fargo Another Bad Actor in the Housing Crisis?
The U.S. government is going after a further alleged scoundrel from the housing bust. The victim, as in earlier cases, is the Federal Housing Administration (FHA), which paid out millions in claims on loans that never should have been issued. What may ...www.businessweek.com
X Factor' Housing Crisis: 'Judges Homes' Segment Fudged, Show Admits (Report)
The phrase "Mi casa es su casa" apparently takes on a new meaning where "The X Factor" is concerned. Fox admitted Thursday that the residences presented as the homes of "X Factor" judges Simon Cowell and Britney Spears are "not necessarily" Spears' ...www.thewrap.com
The surprising state leading the US out of its housing crisis
California, the state that led the U.S. into the housing boom and bust with some of the most reckless subprime mortgage lending, is now leading the way out. A plunge in new defaults in California helped push U.S. foreclosure filings to the lowest level ...business.financialpost.com
Big Housing Fraud Settlements, But No Convictions
But hardly the kind of systemic misconduct that set the mortgage crisis in motion in the late 1990s and early 2000s. The explanation offered most often by prosecutors for the lack of mortgage-related criminal indictments against individuals is that it ...www.foxbusiness.com
Housing Crisis Pushes Federal Funded Housing To Max , Waitlist Closed 10/10/12
This small travel trailer is the only option for 2 mothers and their children due to the housing crisis. They say the crisis is not only putting a toll on themselves, but also their children.www.cbs7kosa.com
Don't Count On Jamie Dimon's Help During The Next Financial Crisis
Last week Schneiderman filed a civil lawsuit alleging extensive fraud by Bear Stearns during the sale of residential mortgage-backed securities leading up to the housing crisis. The problems resulted in the collapse of the firm and the eventual rescue ...www.forbes.com
Top performing housing market pays highest effective mortgage rates, according ...
NEW YORK, Oct. 11, 2012 -- /PRNewswire/ -- A research report published today by Opera Solutions found that Texas - one of the best performing housing markets since the onset of the credit crisis - also pays one of the highest weighted average coupon ...www.sacbee.com
The Federal Housing Administration Saved the Housing Market
More recently, the agency prevented a complete collapse in the housing market, likely saving us from a double-dip recession. As private investors retreated from the mortgage business in the wake of the worst housing crisis since the Great Depression ...www.americanprogress.org
Foreclosures dive in good news for struggling homeowners
In another sign that the worst of the housing crisis is behind the Bay Area, foreclosures dived in the South Bay, East Bay and Peninsula in September, ForeclosureRadar reported Thursday.www.contracostatimes.com
Broderick Perkins: California Homeowner Bill of Rights now law
California homeowners and renters now have protections against many of the ills that arose out of the housing crisis. Gov. Jerry Brown recently signed into law the final provisions of the California Homeowner Bill of Rights, legislation heavily ...www.thecalifornian.com
Despite debt crisis, EU wins Nobel Peace Prize
JPMorgan Chase, the country's biggest bank by assets, is reporting a record third-quarter profit.More >>. JPMorgan Chase, the country's biggest bank, reported a record quarterly profit Friday, helped by a surge in mortgage refinancing. CEO Jamie Dimon ...www.wrex.com
The housing crisis is getting worse – time for the coalition to rethink its ...
By Tom Muddimer. A recent study by the London School of Economics (LSE) found house rental prices were soaring above inflation and wages - reducing household disposable income - and representing a formidable hurdle to the UK's economic recovery ...www.leftfootforward.org
Fed's Yellen says Europe, housing strains stifling US recovery
WASHINGTON Oct 11 (Reuters) - The U.S. economic recovery continues to be hampered by spillover effects of the European crisis and a downtrodden housing market, Federal Reserve Vice Chair Janet Yellen said on Thursday. Yellen, Fed Chairman Ben ...www.reuters.com
Affordable Housing Crisis in Northern Manhattan Prompts Protests
Affordable Housing Crisis in Northern Manhattan Prompts Protests Updated October 9, 2012 9:58am. October 9, 2012 9:58am. shareprint.www.dnainfo.com
Obama and Romney: What housing crisis?
For all the talk about the economy, Wednesday night's presidential debate barely touched on what started it all. Housing barely got a mention by either President Obama or Mitt Romney, and both steered clear of addressing the foreclosure crisis that ...www.washingtonpost.com
First Presidential Debate: Apparently, This Housing Crisis Is Over
If I had a housing-debate bingo card, I would have tossed it out halfway through the debate. In the only debate focused solely on domestic policy, the candidates never mentioned foreclosures, refinancing, Fannie Mae, or Freddie Mac.www.huffingtonpost.com
Realogy rides housing recovery
At the height of the financial crisis in 2009, Realogy was reeling under the weight of its massive debt load, with bankruptcy apparently a foregone conclusion.www.ifrasia.com
Housing crisis remains untamed, but party platforms pay little attention to ...
The Republican platform panned the Obama administration's response to the housing crisis as having "done little to improve, and much to worsen, the situation.www.washingtonpost.com
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