Atty General meets with JPMorgan chief
• APJPMorgan chief executive Jamie Dimon met Thursday with Attorney General Eric Holder about an investigation into the company’s handling of mortgage-backed securities in the run-up to the recession.
Contents Pages by Subject
Housing
Detroit Is a Bright Spot on the Map of Urban Outflux
• Wired.comHere in the U.S. we move a lot. But while most of us consider a “move” as going from one town or city to another, mapmaker Stephen Von Worley is more interested in how we move within cities themselves.
Nomads of the Second Great Depression, by A.J. in Texas
• Survivalblog.comFor 45 years I was all about the Great American Dream. A 100 mile per day [round-trip] commute to a six figure pressure cooker job supported an upper middle class lifestyle.
Two Years After That Famous Report On Chinese Ghost Cities, Things Might Be Getting Even Worse
• Business InsiderChina's ambitious urbanization plan has helped create many ghost cities.
Bad Banks Continue to Screw Homeowners
• Jonathan TurleyI know it may not surprise you that banks may be screwing homeowners in light of their past bad and illegal tactics in foreclosing home loans. However, in light of the fact that five of the largest banks agreed in a settlement in 2012 to end their d
Tax lien sales canceled after Post investigation; Gray calls for reforms
• Washington PostDistrict leaders said they will institute broad reforms that would protect property owners from losing their homes over small debts, including canceling dozens of tax liens sold at the annual auction 2 months ago and creating an ombudsman to work
Prepare For Tough Times If Your Job Has Anything To Do With Real Estate Or Mortgages
• theeconomiccollapseblog.comIf you have a job that involves building homes, buying homes, selling homes or that is in any way related to the mortgage industry, you might want to start searching for alternate employment.
Another Foreclosure Bungled: West Virginia this time
• Jonathan TurleySchoolteacher Nikki Bailey came home from visiting a sick friend in the hospital, only to find a work crew removing the last few pieces of her belongings from her house. The workers told her they were sent by a bank to clean out her house for foreclo
Here's What To Make Of All The Ugly Housing Data
• Business InsiderThe U.S. housing recovery has been one of the most encouraging economic stories in the world since the financial crisis.
Pre-Fab Pod House Brings Modern Off-Grid Living To South Africa
• earthtechling.comWhile many of us dream of living off the grid, there are millions around the world that do so out of necessity.
New Home Sales Collapse 13.4% In July
• breitbart.comWednesday, Breitbart News reported that over the last 30 days, Gallup measured a sharp spike in unemployment, from 7.7% to 8.9%. Friday, the Commerce Department released another startling and unexpected statistic:
Widow who lost $280k home over $6 gets hearing
• APA Pennsylvania woman whose $280,000 home was sold at auction over $6.30 in unpaid interest won a court decision allowing her a fresh opportunity to argue she should not lose her home. Commonwealth Court ruled it was a mistake for a judge to rule agai
New Fraud Evidence Shows Trillions Of Dollars In Mortgages Have No Owner By Alan Pyke
• http://thinkprogress.org/economy/2013/08/13/246089The 2012 settlement has failed to stop bank abuses. A much-touted program to provide relief to homeowners failed to serve nearly as many as intended, and half of the mortgages modified under it are back in default. And over the weekend, the Justice D
This Land Is Your Land: When Desperate Cities Give Away Homes
• TimeTowns have taken to offering land for next to nothing — or, sometimes, literally nothing
HuffPo Octagon: 3 on 1 Battle Over Inflation
• http://www.youtube.com, SchiffReportPeter Schiff on Fox Business (8/15/2013)
Apartment Complex Tells Tenants They Have to Get Rid of Their Guns – or They’ll be Forcibly Removed
• http://offgridsurvival.com, Rob RichardsonThe next step in the battle against guns seems to be limiting where you can and can’t carry a gun, and this may include your own home.
Your mortgage documents are fake! Prepare to be outraged. Newly obtained filings from this Florida
• http://www.salon.comIf you know about foreclosure fraud, the mass fabrication of mortgage documents in state courts by banks attempting to foreclose on homeowners, you may have one nagging question: Why did banks have to resort to this illegal scheme? Was it just cheape
HUD Proposes Plan to Racially, Economically Integrate Neighborhoods
• usnews.comMove would allow Obama administration to institute policies that would better integrate communities
This Guy Turned A Dumpster Into His Dream Brooklyn Getaway
• http://www.businessinsider.com, Mandi WoodruffMaking the most out of a minuscule living space is something of a rite of passage in New York City.
Why Are Your Children Buying Houses for Ben Bernanke?
• freemansperspective.comEvery now and then I like to look at government numbers and see what they really mean.
Why Are Your Children Buying Houses for Ben Bernanke?
• FreemansPerspective.ComEvery now and then I like to look at government numbers and see what they really mean. I ran into this batch several months ago but hadn’t had time to play with them till now.
US gov’t accuses Bank of America of civil fraud in sale of $850M of mortgage bonds in 2008
• APThe U.S. government has accused Bank of America Corp. of civil fraud, saying the company failed to disclose risks and misled investors in its sale of $850 million of mortgage bonds during 2008.
“Admitted No Wrongdoing” We are officially locked out of our American Dream in Sedona Arizona. B
Written By:“Admitted No Wrongdoing” We are officially locked out of our American Dream in Sedona Arizona. By: Mike Brosnahan July 31st, 2013, 10am, Sedona Arizona. Chase Bank CEO, Jamie Dimon, President Obama’s “Favorite Banker” has st
Read Letter
ÁPH80: A prefab cabin from Spain that's clean, calming and compact
• Mother Nature Network.comMadrid-based sustainable architecture firm Ábaton unveils a low-cost, quick-to-assemble prefab housing concept that's as simple as it gets (and interestingly, hypoallergenic).
The New Bailout Begins: Eminent Domain Is Upon Us
• zerohedge.comWhile one can have sympathy for the over-levered, underwater homeowners that took free-money with both hands and feet as house prices surged in the mid-2000s (just like they are now) but the latest moves to 'save' people from themselves in the city o
American Dream Slipping as Homeownership at 18-Year Low
• bloomberg.com,By Prashant Gopal & Clea BensonThe U.S. homeownership rate, which soared to a record high 69.2 percent in 2004, is back where it was two decades ago, before the housing bubble inflated, busted and ripped more than 7 million Americans from their homes.
No Joke: This 380 Square-Foot Apartment Actually Feels Spacious
• Wired.comWhile some bachelor pads end up as filthy man-caves littered with game console controllers and dumpster-dive furniture, this Alan Chu-designed micro apartment is not one of them.
Federal government spends $13.8 million destroying houses in bankrupt Detroit
• buzz.naturalnews.comThe Detroit area remains one of the top 10 metros for foreclosed and vacated homes. Its abandoned residences often become hideouts for drug users and prostitutes, and occasionally scenes of murder.
Net zero energy homes make more power than they take
• nanowerk.comHomes being built in this Hudson Valley cul-de-sac in New Paltz, NY, offer prospective buyers wooded lots, pretty views and -- oh yes -- the promise of thumbing your nose at the power utility.
City Subcontractor Demolished Wrong House
• CBS NewsImagine driving up to your home – or vacation home – and realizing it’s not there. It happened in the Lake Worth section of Fort Worth last Friday when a city subcontracted demolition crew took down the wrong house.
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