Under piles of paperwork, a foreclosure system in chaos
Under piles of paperwork, a foreclosure system in chaos
The Washington Post — September 23, 2010
The nation's overburdened foreclosure system is riddled with faked documents, forged signatures and lenders who take shortcuts reviewing borrower's files, according to court documents and interviews with attorneys, housing advocates and company officials.
Borrowers leaving foreclosure-relief program
Associated Press — September 23, 2010
WASHINGTON — The Obama administration’s flagship mortgage-relief effort is failing to ease the foreclosure crisis as more than half of those who have enrolled have fallen out of the program.
Right to Rent could change the nation's foreclosure crisis: CEPR
HousingWire — September 22, 2010
In the wake of reform enacted to promote homeownership, analysts at the Center for Economic and Policy Research are saying that ownership may not be the smartest option. In a report released today, The Gains from Right to Rent in 2010, the CEPR suggests that giving homeowners the right to rent their house at a fair market price could be a game changer in the nation's foreclosure crisis.
Banks Pressed on Sour Home Loans
Wall Street Journal — September 23, 2010
Big U.S. banks are facing legal pressure to make up for losses tied to pools of soured low-end mortgage loans.
Recession drags on in politically key states
MSNBC — September 22, 2010
The recession may have ended in June 2009, according to a panel of respected economists, but try telling that to people in eight states still not enjoying the recovery, limp as it may be.