Blogs

Massachusetts Attorney General Martha Coakley promises to fight foreclosures By Jim Kinney, MassLive.com, June 12, 2012 SPRINGFIELD — The state’s housing market, and its economy in general, won’t fully recover until Massachusetts puts...

Dec. Unemployment Rate Lowest in Nearly 3 Years By Tim Mullaney, USA TODAY, Jan. 6, 2012 The U.S. job market strengthened in the second half of 2011 and added 200,000 jobs in December while the unemployment rate fell to 8.5 percent from a revised 8.7...

Housing Rebound Signaled as Banks Resume Foreclosures: Mortgages By Prashant Gopal, Bloomberg, July 12, 2012 U.S. lenders are notifying more delinquent homeowners they face foreclosure, a step toward clearing a backlog of properties and helping to accelerate...

Some Observations on the Second Lien Problem By Matt Stoller, Naked Capitalism, April 12, 2012 Over the past three years, the big four servicers have been keeping hundreds of billions of dollars of second mortgages on their books (mostly in the form of...

Effort on Home Loans Stalls By Nick Timiraos and Ruth Simon, Wall Street Journal, Sept. 19, 2011 A year after U.S. banks slowed down the foreclosure machine as a result of pressure from judges and regulators, the foreclosure process remains snarled. Last...