Screwing Banks That Screwed the Homeless

atlantis

Charley James: Since the onset of the Great Foreclosure Adventure launched by banks and mortgage companies in 2007 causing the housing market collapse, the financial industry has done a great job of screwing the homeless twice, and without any foreplay or even a kiss.

Foreclosures 101 – Part 3

Foreclosure

Kwazi Nkrumah: Foreclosure Crisis Continues – There are over 3.5 million American households that are over 4 months in arrears in their mortgage payments.

Your Local Broadcast News Is Making Us Stupid

fox clear message

Tina Dupuy: Let’s talk news. And where the majority of Americans – as in over 50 percent (by most estimates) – still get their news – from their local nightly news show. Any discussion about how unaware Americans are when it comes to news needs to have its finger pointed at the proper culprit: Your local broadcast.

Exploit This Tragedy

bill gates

Tina Dupuy: The “don’t exploit this tragedy” knee-jerk catch-all phrase is absolutely meaningless. In American politics, we rule by crisis. There is no political will to act unless something is burning, melting or spewing. We don’t plan for the future – we brace for it.

SB 1070 “Gets Tough” on Arizona’s Housing Market

moving day

Seth Hoy: According to the Arizona Republic, housing experts anticipate that SB 1070 will not only drive illegal immigrants out of the state, but legal residents and potential new homebuyers with them—“departures from a state where growth is the economic foundation.”

More Pain & Suffering – A Bad Way to Start the New Year

Unemployment

Carl Bloice: Just as rising unemployment and economic insecurity means less retail spending and fewer trips to the malls and showrooms, it also means a fall in available jobs. Rising joblessness means the already catastrophe situation in the housing market gets even worse.

Immigrant Homebuyers Play Crucial Role in Housing Market Revival

latino-asian-homebuyers

Earlier this week, the Joint Center for Housing Studies of Harvard University released a new housing report which provides a rather grim analysis of the current housing crisis.  Real home prices continue to fall and foreclosures continue to mount despite recent federal interventions.  Because of job losses, decreased home prices, and tougher credit eligibility requirements, [...]

The Housing Bubble Continues to Burst

waiting_for_santa

by Robert Reich – The National Association of Realtors said today that home prices have now dropped to the point where they’ve wiped out all the gains in housing prices since 2004. 2004, not incidentally, was when interest rates last hit bottom, and the Feds looked the other way while mortgage bankers began shoving money [...]

The Housing Crisis: Why the Roof Fell In

The Housing Crisis

By now everyone with a roof over his head has heard about the subprime mortgage mess. Understanding why so many homeowners are defaulting on their mortgages or what mortgage foreclosures have to do with the collapse of the housing market, however, is another matter. To get a better grasp of the mortgage mess I called [...]

Related Posts Plugin for WordPress, Blogger...