News Deal Is Closer for a U.S. Plan on Mortgage Relief
02-05-2012
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New York Times
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
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News Homeownership rates fall to 66% as downturn nears a bottom
02-01-2012
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www.usatoday.com
Fewer Americans own homes and many of them are continuing to see values decline.
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News U.S. to charge ex-Suisse traders on subprimes
01-31-2012
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Reuters
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
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News Fed Members Laughed As Housing Bubble Grew
01-31-2012
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www.cnbc.com
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.
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News White House, big banks close to foreclosure fraud settlement
01-29-2012
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Rawstory
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
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News Old mortgages rise from the dead, haunt homeowners
01-27-2012
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Reuters
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
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News US new-home sales fell in Dec., finish dismal 2011
01-26-2012
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www.news.yahoo.com
Fewer Americans bought new homes in December, making 2011 the worst sales year on record.
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News Fannie, Freddie writedowns too costly: regulator
01-23-2012
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Reuters
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.
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News As Race Moves to Florida, Facing Political Implications of a Housing Crisis
01-23-2012
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New York Times
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-
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Opinion
The root cause of the housing bubble and collapse
01-19-2012 Menckens 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.
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News BofA paints over angry customer's message
01-16-2012
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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.
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News In D.C. loan program, mortgage defaults abound
01-15-2012
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Washington Post
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
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News DoJ contacting additional banks on mortgage deal
01-09-2012
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Reuters
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.
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News In Virginia, foreclosures can be ‘the end of year uglies’ for homeowners
12-29-2011
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Washington Post
The house will be gone soon. For Jenny and Robert Click, the loss of their Dale City home, scheduled to be sold at a foreclosure auction Jan. 6, has loomed over their holidays.
The sense of sorrow was so intense that Jenny Click considered ignorin
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Headlines: In Virginia, foreclosures can be ‘the end of year uglies’ for homeowners -- DoJ contacting additional banks on mortgage deal -- In D.C. loan program, mortgage defaults abound -- BofA paints over angry customer's message -- The root cause of the housing bubble and collapse
-- As Race Moves to Florida, Facing Political Implications of a Housing Crisis -- Fannie, Freddie writedowns too costly: regulator -- US new-home sales fell in Dec., finish dismal 2011 -- Old mortgages rise from the dead, haunt homeowners -- White House, big banks close to foreclosure fraud settlement -- Fed Members Laughed As Housing Bubble Grew -- U.S. to charge ex-Suisse traders on subprimes -- Homeownership rates fall to 66% as downturn nears a bottom -- Deal Is Closer for a U.S. Plan on Mortgage Relief --
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