Subject: Foreclosure & Financial Crisis
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Recently the National Low Income Housing Coaltion, as part of a blog series looking at discrimination in the marketing and maintenance of bank-owned properties, suggested that FHFA's REO-to-rental pilot program could serve as a gateway to address afforability by tying future…
Enterprise Community Partners has issued a new report on what all 50 states are doing with funds received from the national mortgage settlement. It's a comprehensive filing, but acknowledges that while some states offer pinpoint appropriation plans, others include abiguities that leave…
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While we're used to seeing articles that blame the homeowner for some part of the housing crisis, some of the articles that come over the transom give us pause for their angle. This gem from Reuters, under the banner of…
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 marketing and maintenance of bank-owned foreclosed properties. This post, and…
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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 marketing and maintenance of bank-owned foreclosed properties. This post, and…
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This post, submitted by the National Low Income Housing Coalition, 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 marketing and…
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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 marketing and maintenance of bank-owned foreclosed properties. This post, and…
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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 marketing and maintenance of bank-owned foreclosed properties. This post, and…
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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 marketing and maintenance of bank-owned foreclosed properties. This post, and…
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 marketing and maintenance of bank-owned foreclosed properties. This post, and…
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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 reductions, said there could be a savings of up to…
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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 the mortgage giants that uses shared appreciation modifications—where principal is…
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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 of forcing tenants out. The report points to a potentially…
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 calling for "an economy where everyone gets a fair shot,…
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 general have reached a solution that will deliver $25 billion…
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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 following widespread instances of false or incomplete documentation used to…
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 by the burst housing bubble and the bureaucratic deficiencies that…
Over the past month, the Obama administration has achieved several Home for Good victories for homeowners and consumers. Among them was the bold move Obama made to appoint the director of the Consumer Financial Protection Bureau to defend consumers from…
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New York Attorney General Eric Schneiderman has sued Bank of America, Wells Fargo, and JPMorgan Chase over the banks' use of the mortgage database MERS, resulting in widespread "deceptive and fraudulant" foreclosure filings in the state and in federal courts,…
President Obama announced today a move that could allow millions of homeowners—including underwater homeowners— a chance to refinance their mortgages into lower-interest federally insured loans, saving an average borrower in the area of $3,000 a year. According to a report…
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National Housing Institute
