Mar 11th, 2010 · Fears remain about the hundreds of thousands of homeowners who are still being evaluated for help under loan modification programs. Many analysts say most of those borrowers will eventually lose their homes, sparking a new round of foreclosures later this year.
Mar 7th, 2010 · Since the housing crisis started, Riverside County, Calif., has ranked near the top of the foreclosure list. Even people who didn't get swept up in the housing bubble have been hurt by the bust — take one block in the community of Moreno Valley.
Feb 24th, 2010 · The Obama administration's foreclosure prevention plan, the Home Affordable Modification Program ("HAMP"), offers subsidies to the financial industry to modify mortgages — but hasn't been enough. Brad Miller suggests FDR's 1933 HOLC model would work just as good today.
Feb 22nd, 2010 · The foreclosure crisis has hit families across America, with marriages disintegrating in the face of economic hardship. Janis Bowdler is deputy director of the Wealth Building Policy Project at the National Council of La Raza. Last week, the council published a survey of 25 Latino families and how they are affected by the current economic crisis. Joel Kotkin, distinguished presidential fellow at Chapman University in Orange, Calif., talks about the effect of foreclosures on families. He is the author of The Next Hundred Million: America in 2050 , a look at how the nation will evolve in the next four decades.
Feb 19th, 2010 · President Obama unveils a plan to pump $1.5 billion into state and local housing agencies in an effort to help Americans stay in their homes. Homeowners in California, Florida, Nevada, Arizona and Michigan — where home prices have fallen 20 percent from their peaks — will benefit from the program.
Feb 19th, 2010 · President Obama unveils a plan to pump $1.5 billion into state and local housing agencies in an effort to help Americans stay in their homes. Homeowners in California, Florida, Nevada, Arizona and Michigan — where home prices have fallen 20 percent from their peaks — will benefit from the program.
Feb 16th, 2010 · Since the housing market crash, two-thirds of registered mortgage brokers have lost their jobs. Now in new career fields, two former brokers look back on their role in the mortgage and foreclosure crisis with a mix of regret and resentment.
Feb 5th, 2010 · In the days before the housing crisis, the idea of a bank foreclosure filled any homeowner's mind with dread and shame. Now, with so many Americans owing more on their homes than they're worth, some people are taking a whole new approach: essentially saying, "Foreclose on me, please." It's more technically known as a "strategic default."