Report estimates 8 million children hurt by foreclosures
Report estimates 8 million children hurt by foreclosures
By Julie Schmit, USA TODAY, April 19, 2012
Five years into the foreclosure crisis, an estimated 2.3 million children have lived in homes lost to foreclosure, according to a report from First Focus, a Washington, D.C-based bipartisan advocacy group focused on families.
INLAND: Blacks especially hit by foreclosure crisis
By David Olson, The Press-Enterprise, April 18, 2012
Newly released census statistics show how the Inland area’s foreclosure crisis has hit African-Americans especially hard, wiping out years of increases in black homeownership rates.
Can short sales save the day? Promises, promises
By Jessica Huseman, HousingWire, April 18, 2012
Short sales seem to be the talk of the town lately. With the announcement that Fannie and Freddie will require servicers to comply to new timelines, and recent commentary buzzing about short sales being the housing market’s knight in shining armor, it’s hard to miss them.
The White House and Mortgage Fraud: So Far It's All Talk, No Action
By Richard Eskow, Huffington Post, April 19, 2012
The Obama Administration worked for months on a deal that would have let America's biggest banks off the hook for a crime wave of runaway mortgage fraud. All they had to do in return was pledge a negligible sum of money, to be paid by their shareholders and not themselves, and which they would dispense themselves. In return, crooked bankers received immunity from prosecution - and even from investigation.
U.S. Previously Owned Home Sales Unexpectedly Fell in March
By Lorraine Woellert, Bloomberg, April 19, 2012
Sales of previously owned U.S. homes in March unexpectedly fell for the third time in the last four months, showing an uneven recovery in the housing market.