Seventeen states have now introduced bills for state-owned banks, and others are in the works.
What would you say if you discovered that the media had ignored 877,000 stories about a major cause of people losing their houses and money in the housing collapse and Great Recession? Would you say that the media can’t be trusted?
Bank of America said Thursday that it would no longer sell new mortgages to Fannie Mae, underscoring tensions in a fight between giants of the home loan market over billions in losses in the housing bubble.
Across the country, big banks and other large investors are buying up tens of thousands of foreclosed rental properties
U.S. home resales rose to a 1-1/2 year high in January, pushing the supply of properties on the market to the lowest level in almost seven years in a hopeful sign for the housing sector.
Senior Federal Reserve officials are injecting themselves into a noisy debate over how to solve the housing crisis, drawing criticism from some lawmakers who say the Fed has no business straying from its traditional role as the U.S. central bank.
A federal housing regulator on Tuesday released a plan for beginning to scale back mortgage giants Fannie Mae and Freddie Mac — just as the Obama administration is pressing the taxpayer-backed companies to do more to help homeowners.
Some Wall Street investors made money as the mortgage market boomed; others profited when it fell apart. Having reaped big gains during both of those turns, Greg Lippmann, a former star trader at Deutsche Bank, is now catching the next upswing: bu
Taxpayers to pay banks 'incentive' to write mortgages down. How can this be punishment for criminal acts?
No doubt you've seen the chart which we once dubbed the "Scariest Jobs Chart Ever" which shows how this employment market bust has been far worse than anything before seen in history.
House Arc is a prefabricated off-the-grid housing solution that facilitates compact living
A CALL TO A NATIONAL CONFERENCE TO DEMAND A TWO YEAR NATIONAL MORATORIUM TO STOP FORECLOSURES
During a speech this month before the National Association of Homebuilders, Fed Chairman Ben Bernanke shared his views on ways to escape the nation's foreclosure crisis.
When they saw the house on El Dorado Drive in this Los Angeles suburb being painted a startling orange and green and giant billboards hung on the outside, Scott and Beth Hostetler's neighbors were initially angry and confused. Some even considered ca
The $25 billion settlement with banks over foreclosure abuses may result in a wave of home seizures, inflicting short-term pain on delinquent U.S. borrowers while making a long-term housing recovery more likely. Lenders slowed the pace of foreclos
At 2,717 feet, the Burj Khalifa is the tallest building in the world, but since its opening two years ago, it has struggled to profit from its grand reputation.
After months of painstaking talks, the nation’s biggest banks have agreed to a $25 billion settlement that could provide relief to more than two million current and former American homeowners harmed by the bursting of the housing bubble, state and fe
With a deadline looming on Monday for state officials to sign onto a landmark multibillion-dollar settlement to address foreclosure abuses, the Obama administration is close to winning support from crucial states that would significantly expand the b
Fewer Americans own homes and many of them are continuing to see values decline.
US authorities are preparing to charge 4 former Credit Suisse Group AG employees with criminal and civil fraud related to write-downs on subprime mortgage derivatives at the height of the financial crisis. Credit Suisse will not be charged in the mat
Low interest rates instituted by then-Fed Chief Alan Greenspan had housing prices booming, the stock market was rising and Fed members were—literally—laughing their way to the...well, central bank.
The White House, state attorney generals, and the nation’s big banks are reportedly close to a $25 billion settlement on allegations on foreclosure fraud, according to the Huffington Post. The settlement would be based on homeowners who were eithe
their old loan, the one Wells Fargo told them was paid off, would resurrect itself, trashing their credit report, scotching their son's student loans and throwing the whole family into foreclosure. All, they say, even though they didn't miss a single
Fewer Americans bought new homes in December, making 2011 the worst sales year on record.
The regulator for Fannie Mae (FNMA.OB) and Freddie Mac (FMCC.OB) told lawmakers that forcing the government-controlled mortgage firms to write down the principal on underwater home loans would require more than $100 billion in fresh taxpayer funds.
When Mitt Romney swept into the contentious battleground state of Florida on Sunday, the first local issue he raised was the nation’s mortgage foreclosure crisis, which is arguably at its worst here, from this city on the northern coast to the ghost-
In a continuation of a sorry tradition of badly biased thinking and superficial reporting, it appears that the narratives from the ideological media about the housing collapse and corresponding financial meltdown have been incomplete.
Camera crews were there as painters came onto a Phoenix man's property to paint over the graffiti he'd put on his garage. It said "B of A stole my home." Or at least it used to. And you may be shocked to find out who hired the painters.
D.C. housing officials have routinely subsidized home purchases that low-income buyers could not afford, paving the way for foreclosures, liens and financial hardships. Nearly one in five buyers participating in the city’s 35-year-old loan program
As the government nears a deal with top banks to resolve mortgage abuses, the Justice Department has begun reaching out to other banks to gauge their interest in joining the wide-ranging settlement, according to a person familiar with the matter.