State Rep. Mark Ferrandino, D-Denver, is questioning whether state Rep. Cory Gardner, R-Yuma, is telling the whole story when it comes to his support of foreclosure legislation.
The Washington Independent’s Annie Lowery today drills into the deep end of the linked unemployment and foreclosure crises, contrasting a story of impending family homelessness and the so far mostly failed efforts in Washington to boost the national economy…
Shahien Nasiripour at the Huffington Post parses a J.P. Morgan filing with the Securities and Exchange Commission and notes that the bank, the second largest in the United States, is concerned about the rising tide of strategic defaulters —…
Of all the interesting tidbits in Brett Arends’ article in The Wall Street Journal about how to decide whether to walk away from your mortgage, his admission that the middle class is the only part of America adhering…
WASHINGTON– One year after the Obama administration launched its $75 billion anti-foreclosure program, the housing market remains volatile, loan modifications have been scant, foreclosures are still sky-high — and more and more lawmakers are wondering why the White House hasn’t been more aggressive in tackling the crisis.
Perhaps the biggest event of next month’s Winter Olympic Games in Vancouver, British Columbia, won’t be the downhill, or the women’s figure skating finals, or even a USA-Canada gold medal hockey game.
According to Canadian media reports, the biggest event…
There’s more proof out today that the foreclosure crisis is only getting worse, despite everything that’s been thrown at it so far: Foreclosure notices reached a new record high during the first half of this year, Bloomberg reports.
Citing…
President Barack Obama rolled out his plan to overhaul financial regulation last week. While much of the Obama plan relies on the same regulators and structures that led to the current meltdown, there is one key exception.
The establishment of an independent Consumer Financial Protection Agency would give ordinary citizens a seat at the financial policy table for the first time and prevent the abuses in credit card and mortgage lending that have wreaked havoc on households all over the country.
President Barack Obama is scheduled to unveil his agenda for revamping financial regulation later this week. As the economy struggles though a recession created by the banking industry, it’s crucial that Obama and his advisers craft a set of rules ensuring that the financial sector strengthens our economy instead of destroying it.
Just as a voluntary ban on foreclosures ended, a record jump in foreclosure activity in March is raising troubling questions about whether lenders and servicers are genuinely willing and able to do loan modifications on a large scale. And it poses an even more worrisome possibility: That many borrowers can’t be helped at all.
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